Sri Lotus Developers IPO: Strong Demand, Allotment Process, And Listing Outlook

Sri Lotus Developers & Realty Ltd. has wrapped up its ₹792 crore IPO. The company offered 5.28 crore equity shares at a price band of ₹140 to ₹150. The issue was open from July 30 to August 1.

Big Demand From Investors

The IPO was a hit. Overall subscription was around 74 times. Qualified Institutional Buyers led the pack with bids about 164 times the shares available. Non-institutional investors applied 62 times, and retail investors about 22 times.

Day one saw bids around 3.6 times the offer. Interest picked up quickly. By day two, the issue was already over 10 times subscribed. The final day closed with massive demand.

What the Company Does

Sri Lotus Developers focuses on high-end real estate projects in Mumbai’s western suburbs. As of June 2025, it had 0.93 million square feet of projects under development.

Money from the IPO will be used mainly to fund projects handled by group subsidiaries like Richfeel Real Estate, Dhyan Projects, and Tryksha Real Estate. About ₹550 crore is set aside for these projects. The rest will cover corporate expenses.

Bollywood stars Shah Rukh Khan, Amitabh Bachchan, and Hrithik Roshan had invested earlier. Well-known investor Ashish Kacholia also holds a stake.

Grey Market Premium Shows Optimism

The grey market has stayed active. GMP ranged between ₹37 and ₹44 in the days before allotment. That puts the expected listing price between ₹187 and ₹194. Investors are looking at possible gains of 25–29 percent over the ₹150 issue price.

Key Dates to Remember

The basis of allotment was finalized on August 4. Refunds and share credits will happen on August 5. The company is set to list on both BSE and NSE on August 6.

How to Check Allotment Status

BSE

Go to the BSE allotment page.
Pick “Equity,” select Sri Lotus Developers & Realty.
enter your PAN or application number,
Type the captcha, and click Search.

NSE:

Visit the NSE IPO bid check portal.
Select “Equity & SME IPO bids,”
choose Sri Lotus Developers, fill in PAN and application number, and click Submit.

KFin Technologies:

Head to KFin’s IPO status page.
Select the company name.
Use PAN, application number, or Demat ID.
Enter the details, complete the captcha, and submit.

What It Means for Investors

This IPO has delivered strong numbers across the board. The oversubscription shows solid demand from big institutions and retail buyers alike. With GMP holding steady at a premium, many investors expect a strong debut when the stock lists on August 6.