Sri Lotus Developers Lists at ₹178 on NSE; Surges to ₹192.45 on Strong Demand, 18.67% Above IPO Price

Mumbai, 06 August 2025: Sri Lotus Developers and Realty Ltd made an impressive debut on the NSE today, opening at ₹178-an 18.67% premium over its issue price of ₹150. The listing reflected strong investor sentiment and solid fundamentals. By 11:53 AM IST, the stock had hit an intraday high of ₹192.45, representing a sharp 28.3% rise over the IPO price, before settling around ₹185.86.

Sri Lotus Developers (SRI) Opens at ₹178, Rallies to ₹192.45 as Investors Rush In

Sri Lotus Developers opened above expectations, driven by exceptional subscription numbers and overall market optimism. At 11:53 AM IST, the stock quoted ₹185.86, registering a gain of ₹35.90 or 23.93% over the issue price. The initial public offering received an overwhelming response from investors, which translated into a strong post-listing performance.

Volume Surges to Over 568 Lakh Shares as ₹1,040 Cr Gets Traded in First Few Hours

Trading activity was robust on listing day. The total traded volume stood at 568.84 lakh shares with a traded value of ₹1,040.64 crore, signalling high liquidity and investor interest. Buy orders exceeded 87 lakh, while sell orders touched over 86 lakh, showing near-balanced order books.

IPO Subscribed 74.10 Times; Demand Came from QIBs at 175.61 Times

Sri Lotus Developers’ IPO was a complete fresh issue worth ₹792.21 crore, offering 5.28 crore shares. The issue opened for bidding on 30 July 2025 and closed on 1 August 2025. Allotment was finalised on 4 August 2025, and the shares got listed today on 6 August 2025 on both BSE and NSE.

IPO Subscription Highlights:

• Total Subscription: 74.10 times
• Retail Investors: 21.77 times
• Qualified Institutional Buyers (QIB): 175.61 times
• Non-Institutional Investors (NII): 61.82 times

Sri Lotus Developers IPO price was fixed at ₹150 per share, with a minimum retail application of 100 shares amounting to ₹14,000.

Sri Lotus Developers – Mumbai-Based Realty Player Now Valued Over ₹9,000 Cr

Sri Lotus Developers and Realty Ltd is headquartered in Mumbai and operates in the real estate development and construction sector. Known for its residential and commercial real estate projects, the company now trades under the ticker SRI on NSE and BSE. With a strong focus on urban infrastructure and housing, the company has built a significant portfolio across Tier 1 and Tier 2 cities.

While the listing performance has been impressive, market participants will be watching closely for post-listing stability and delivery volumes.

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