return to news
  1. Sri Lotus Developers IPO Day 2: Issue booked over 10 times; NIIs take lead among segments

Market News

Sri Lotus Developers IPO Day 2: Issue booked over 10 times; NIIs take lead among segments

Upstox

3 min read | Updated on July 31, 2025, 19:05 IST

Twitter Page
Linkedin Page
Whatsapp Page

SUMMARY

Till 5 PM, the ₹792 crore initial share sale received bids for 40,99,20,100 shares against 39,658,73 crore shares on offer, as per exchange data

Sri Lotus Developers and Realty is a developer of residential and commercial premises in Mumbai. | Image: Lotusdevelopers.com

Sri Lotus Developers and Realty is a developer of residential and commercial premises in Mumbai. | Image: Lotusdevelopers.com

The initial public offering of Sri Lotus Developers continues to see strong investor response on the second day. The public issue of the residential and commercial project developer was booked 10.34 times as of 5 PM on Thursday, July 31.
Open FREE Demat Account within minutes!
Join now

The ₹792 crore IPO received bids for over 40,99,20,100 shares against 39,658,73 crore shares.

The category for Retail Individual Investors (RIIs) fetched 8.89 times subscription, while the quota for non-institutional investors received 15.95 times subscription. The portion for Qualified Institutional Buyers (QIBs) witnessed 8.69 times of booking.

Sri Lotus Developers IPO details

Sri Lotus Developers IPO, a book-built offer worth ₹792 crore, is a completely fresh issue of over 5.28 crore shares, amounting to ₹792 crore. Sri Lotus Developers IPO issue price was fixed at ₹140 to ₹150 per share. The minimum lot size for the issue is 100 shares, aggregating to an investment of ₹15,000 per lot.

Sri Lotus Developers IPO dates

Sri Lotus Developers' IPO opened for subscription on Wednesday, July 30. The share allotment status will likely be finalised by Monday, August 4.

Once the allotment of shares is completed, refunds will be initiated for unsuccessful bidders on Tuesday, August 5, and successful bidders will also receive shares in their demat accounts the same day. Shares of Sri Lotus Developers will be listed on the NSE and BSE. The IPO listing has been scheduled for Wednesday, August 6.

Sri Lotus Developers IPO objective
Funding of capital expenditure: The company will use ₹550 crore to invest in subsidiaries for part-funding the construction of ongoing real estate projects.
General corporate purposes: The company will use some amount not exceeding 25% of the gross proceeds towards general corporate purposes.

Incorporated in 2015, Sri Lotus Developers and Realty Limited is a developer of residential and commercial premises in Mumbai, Maharashtra, with a strategic focus on redevelopment projects in the ultra-luxury and luxury segments within the western suburbs. As of June 30, 2025, the company has completed a developable area of 0.93 Mn sq ft consisting of both residential and commercial properties.

Sri Lotus Developers IPO GMP

According to investorgain.com and media reports, Sri Lotus Developers’ unlisted shares are trading at ₹192 per share, reflecting a grey market premium (GMP) of 28% over the upper price band of ₹150.

Disclaimer: Grey Market Premium, or GMP, is an unofficial indicator of market sentiment toward an IPO. It is not regulated by the stock exchanges or SEBI. Upstox neither supports nor encourages grey market trading. Investors are advised to conduct their own research or consult an expert before making any investment decisions.
SIP
Consistency beats timing.
promotion image

About The Author

Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

Next Story