Today is the last day of the IPO, Sri Lotus Developers and Realty Limited, a renowned name in luxury and ultra-luxury development projects. The IPO was opened for subscription on July 30 and has made a mark by 67.28 times subscribers by today. The book-built issue opened on July 30 and has generated notable investor interest amid a booming luxury real estate backdrop.
IPO Details at a Glance
- IPO Opening Date: July 30, 2025
- IPO Closing Date: August 01, 2025
- Issue Type: Book Built Issue
- Total Issue Size: ₹7,920 million
- Fresh Issue: ₹7,920 million
- Price Band: ₹140 – ₹150 per share
- Lot Size: 100 shares
- Minimum Investment (Retail): ₹14,000
- Listing At: NSE and BSE
- Registrar: KFin Technologies Limited
- Lead Managers: Monarch Networth Capital and Motilal Oswal Investment Advisors
- Registrar: KFin Technologies Limited
- Tentative Allotment: August 4;
- Listing: August 6 on NSE and BSE
Subscription Status: Day 3
On the third day of bidding, the IPO drew overall subscriptions of around 67.28x, with notable demand across all investor categories. QIBs subscribed 159.83×, non-institutional investors 57.21×, and retail individual investors 19.11x.
Consolidated Bid Details
- Total Subscription: 67.28x
- Retail Individual Investors (RIIs): 19.11x
- Retail Investors (Employees): 18.41x
- Non-Institutional Investors: 57.21x
- Qualified Institutional Buyers (QIBs): 159.83x
(Data: Aug 01, 2025 | 15:51)
Company & Financial Profile
The company is headquartered in Mumbai and was founded in 2015, Sri Lotus Developers focuses on luxury and ultra-luxury redevelopment projects in western suburbs. As of FY25, the company reported revenue of ₹569 crore and PAT ₹228 crore.
Why Investors Are Watching
- Positioned in Mumbai’s ultra-luxury real estate segment with strong pedigree and celebrity backing.
- High subscription levels and GMP suggest strong listing-day interest.
- Financials show robust profitability and cash flows ahead of planned project expansions.
- Premium pricing may appeal to institutional and retail segments targeting listing gains.
(Disclaimer: This article is informational and not financial advice. Investors should review the prospectus and consult a registered financial advisor before making investment decisions.)
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Ankur Mishra is a journalist who covers an extensive range of news, from business, stock markets, IPOs to geopolitics, world affairs, international crises, and general news. With over a decade of experience in the business domain, Ankur has been associated with some of the reputed media brands. Through a sharp eye on global marketplaces along with deep insights and analysis of business strategies, Ankur brings simplicity to the complex economic matrix to decode market trends and empower people.
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