Macrotech Developers Ltd. will launch its initial public offering (IPO) on April 07, 2021, according to two people familiar with the plan. The share sale has received final approval from the markets regulator and the company filed its red herring prospectus with the registrar of companies on Wednesday, the people said seeking anonymity. The real estate developer plans to raise INR 25 billion by selling new shares, according to its draft IPO documents filed last month. An email sent to a spokesperson for Macrotech did not elicit a response.