Sri Lotus Developers IPO Subscribed 3.60 Times on Day 1; QIB Portion Leads with 5.31x Demand
By Shishta Dutta | Published at: Jul 30, 2025 07:07 PM IST
Mumbai, July 30, 2025 — The ₹792 crore initial public offering (IPO) of Sri Lotus Developers and Realty Limited witnessed strong investor response on its opening day, receiving bids for 14.26 crore shares against the 3.96 crore shares on offer — marking an overall subscription of 3.60 times.
The IPO will remain open for subscription until August 1, 2025, in a price band of ₹140–₹150 per share.
Category-Wise Subscription Snapshot (as of July 30, 5:00 PM)
| Investor Category | Shares Reserved | Shares Bid For | Times Subscribed |
|---|---|---|---|
| Qualified Institutional Buyers (QIBs) | 1,12,85,714 | 5,98,75,300 | 5.31× |
| Non-Institutional Investors (NIIs) | 84,64,286 | 2,62,69,100 | 3.10× |
| – Bids > ₹10L | 56,42,858 | 1,41,73,300 | 2.51× |
| – Bids ₹2L–₹10L | 28,21,428 | 1,20,95,800 | 4.29× |
| Retail Individual Investors (RIIs) | 1,97,50,000 | 5,60,28,000 | 2.84× |
| Employee Reservation | 1,58,730 | 4,77,600 | 3.01× |
| Total | 3,96,58,730 | 14,26,50,000 | 3.60× |
Anchor Investors Already Infused ₹237 Cr
Ahead of the IPO, the company raised ₹236.99 crore from 16 anchor investors, including Societe Generale ODI, Tata Small Cap Fund, Mahindra Manulife schemes, Nippon AIF, Samsung Trust, HSBC Balanced Advantage Fund, SBI General Insurance, and others.
Key Dates of the IPO
| Event | Date |
|---|---|
| IPO Close | August 1, 2025 |
| Allotment Finalisation | August 4, 2025 |
| Refund Initiation | August 5, 2025 |
| Shares Credited to Demat | August 5, 2025 |
| Listing Date | August 6, 2025 |
About Sri Lotus Developers
Sri Lotus Developers is a Mumbai-based real estate developer, led by veteran entrepreneur Anand Pandit, focused on luxury and ultra-luxury redevelopment projects. The IPO proceeds will primarily fund ongoing projects in Mumbai’s prime western suburbs, with the rest earmarked for general corporate purposes.
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