Sri Lotus Developers IPO Ends Strong with 74.10 times Subscription, QIBs Dominate

Mumbai, August 1, 2025 — The initial public offering (IPO) of Sri Lotus Developers and Realty Ltd concluded on an exceptionally strong note, clocking an overall subscription of 74.10 times on the final day of bidding. TSri Lotus Developers IPO subscribed 74.10 times. The public issue subscribed 21.77 times in the retail category, 175.61 times in QIB, and 61.82 times in the NII category by August 1, 2025, 5:45 P.M

Final Subscription Status (As of 5:45 PM, August 1, 2025)

The Sri Lotus Developers IPO received an overwhelming response from investors, with the issue subscribed 74.10 times overall. The offering saw robust interest from anchor investors, who were allotted their full quota of 1,57,99,999 shares, bringing in ₹237 crore ahead of the public opening.

Qualified Institutional Buyers (QIBs) emerged as the strongest category, subscribing 175.61 times their allotted 1,05,33,334 shares. This translated to bids for 1.85 crore shares, amounting to a staggering ₹27,746.06 crore.

Non-Institutional Investors (NIIs) also showed significant enthusiasm, subscribing 61.82 times the reserved 79 lakh shares. Within this category, bids above ₹10 lakh (bNIIs) were subscribed 59.13 times, while bids below ₹10 lakh (sNIIs) saw a higher subscription of 67.22 times. Collectively, this segment received over 48.84 crore bids, with a total bid value of ₹7,326.21 crore.

Retail investors added to the momentum by subscribing 21.77 times, bidding for over 40 crore shares worth ₹6,018.93 crore. The employee quota also drew healthy interest, with subscriptions reaching 21.37 times and total bids amounting to ₹47.14 crore. In total, the IPO garnered bids for 2.74 crore shares against an offer size of 3.70 crore shares, with the cumulative bid value touching ₹41,138.34 crore, indicating strong investor confidence across all segments.

Price-Wise Bidding Trend

The IPO of Sri Lotus Developers saw robust demand from investors at all price levels, particularly strong bidding at the cut-off and the upper price point of ₹150, which exhibited strong positive sentiment and confidence from investors. At ₹150, cumulative bids were ₹274,18,00,800, while at ₹145 and ₹140 bids stood at ₹274,24,89,800 and ₹274,32,44,200 respectively. The cut-off price option alone drew 33.15 crores, showing the overwhelming demand and positive outlook toward the IPO.

Key Takeaways

• QIB Category: Oversubscribed a staggering 175.61 times, led by robust bids from domestic financial institutions (₹94.1 crore shares), FIIs (₹55.3 crore shares), and mutual funds (₹6.97 crore shares).
• NII Segment: Strong demand from both >₹10 lakh and ₹2–10 lakh investors pushed total bids to 48.84 crore shares, or 61.82 times subscription.
• Retail Bidders: Submitted bids worth over 40 crore shares, oversubscribing their quota 21.77 times.
• Employees: The employee reserved category was also heavily subscribed at 21.37 times.

What’s Next?

The basis of allotment will close after the conclusion of the Sri Lotus Developers IPO on August 4, 2025. Refunds to non-allottees will take place on August 5, the same date that eligible investors will receive the shares in their Demat account. The stock will list on the exchanges on August 6, 2025. Expect shares to begin trading. The company will officially enter the public market via the listing of its shares.

Company Background

Sri Lotus Developers and Realty Ltd, is a Mumbai-based real estate company specializing in luxury and ultra-luxury redevelopment projects in the city’s premium western suburbs. The company boasts a strong financial track record with significant revenue and PAT growth, and an expanding developable area for future projects. Sri Lotus focuses on delivering high-end living spaces and commercial properties, including 2BHK, 3BHK, and penthouses, often utilizing an asset-light model with a strong focus on redevelopment.

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