Latest Markets Business BEEPS Earnings Personal Finance

Sri Lotus Developers IPO Subscribed 69 Times On Final Day

The subscription was led by non-institutional buyers, followed by qualified institutions.

Ananya Chaudhuri

Sri Lotus Developers IPO Subscribed 69 Times On Final Day ((Source: Pexels)

Sri Lotus Developers and Realty Ltd.'s initial offer has been subscribed 69 times on the third and final day on Friday.

The Rs 792-crore initial public offering was subscribed over 10 times as of the end of the second day of the issue. The price band was set at Rs 140-150 per share for the three-day IPO, which only comprised fresh issue with no offer for sale. The minimum application lot size was 100 shares.

Sri Lotus Developers and Realty's shares will be listed on the BSE and NSE. The real estate developer allotted 1.58 crore shares at Rs 150 apiece to 16 anchor investors.

The proceeds will be used for investment in subsidiaries Richfeel Real Estate Pvt., Dhyan Projects Pvt. and Tryksha Real Estate Pvt. for part-funding development and construction cost of ongoing projects and general corporate purposes, as per the draft red herring prospectus.

Also Read: Bain-Backed Indian Auto Parts Maker Is Said To Consider 2026 IPO

Sri Lotus Developers IPO Details

  • Issue opens: July 30.

  • Issue closes: Aug 1.

  • Issue price: Rs 140-150.

  • Total offer size: Rs 792 crore.

  • Fresh issue: 5.28 crore shares aggregating to Rs 792 crore.

  • Lot size: Minimum 100 shares.

Sri Lotus Developers IPO Subscription Day Three

The Sri Lotus IPO has been subscribed 69 times as of 7 p.m. on Friday.

  • Qualified Institutions: 33.18 times

  • Non-Institutional Buyers: 57.71 times.

  • Retail Investors: 20.28 times

  • Portion reserved for employees: 19.84 times.

Also Read: Brigade Hotel Ventures Lists At 11% Discount Over IPO Price

Sri Lotus Developers GMP 

The grey market premium for Sri Lotus Developers and Realty Ltd. was Rs 42 apiece as of 7:31 p.m. on Aug 1, according to information on Investor Gain website. That implies a potential listing at around Rs 192 per share, marking a premium of 28%.

GMP or grey market price is not an official indicator and is based on market speculation.

Also Read: How To Check Aditya Infotech IPO Allotment Status, Latest GMP And Listing Date

Watch LIVE TV, Get Stock Market Updates, Top Business, IPO and Latest News on NDTV Profit.
WRITTEN BY
Ananya Chaudhuri
Ananya Chaudhuri covers financial markets news and trends at NDTV Profit. S... more
GET REGULAR UPDATES

RECOMMENDED FOR YOU

M&B Engineering IPO Subscribed 36.2 Times On Final Day
timelogo Aug 01, 2025
Laxmi India Finance IPO Subscribed 1.85 Times For Final Day
timelogo Aug 01, 2025
Sri Lotus Developers IPO: Bachchan, SRK-Backed Firm's Issue Subscribed Over 10 Times On Day 2 — Check GMP
timelogo Jul 31, 2025
Looking To Invest Rs 5 Lakh Lumpsum For Five Years? Here's Where To Park Your Money
timelogo Jul 17, 2025

POPULAR

1
PM Modi Calls For 'Swadeshi' Spirit Amid India-US Trade Spat
2
Godfrey Phillips Q1 Results: Date, Bonus Issue Details, Share Price History And More
3
Sri Lotus Developers IPO Allotment: Steps To Check Status, Latest GMP And Other Key Details
4
Credit Card Points Vs Cash Back: What's Best For You?
5
Millionaires’ Side Hustles: How The Wealthy Create Second Incomes And What You Can Learn