Tue Aug 05 06:30:00 UTC 2025: **Sri Lotus Developers IPO Allotment Expected Today After Overwhelming Subscription**

**Mumbai, August 4, 2025** – The allotment process for the highly anticipated Initial Public Offering (IPO) of Sri Lotus Developers & Realty Ltd is expected to be finalized today. The IPO, which closed for public subscription on August 1st, saw an impressive overall subscription of 74.09 times, indicating strong investor interest.

Sri Lotus Developers, a Mumbai-based company specializing in the redevelopment of luxury residential and commercial properties, aims to raise ₹792.00 crores through a fresh issue of 5.28 crore shares. The IPO price was fixed between ₹140 to ₹150 per share, with a minimum lot size of 100 shares requiring a minimum investment of ₹14,000 for retail investors.

The IPO witnessed significant oversubscription across all categories, with the retail portion subscribed 21.76 times, Qualified Institutional Buyers (QIB) subscribed a staggering 175.61 times, and Non-Institutional Investors (NII) subscribed 61.82 times.

Motilal Oswal Investment Advisors Limited served as the book-running lead manager for the IPO, while Kfin Technologies Limited acted as the registrar.

Shares of Sri Lotus Developers are tentatively scheduled to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on Wednesday, August 6, 2025. Investors can check their allotment status on the websites of the BSE and NSE.

Fueled by speculation in the grey market, early indications suggest a positive listing. The Grey Market Premium (GMP) for Sri Lotus Developers was reported at ₹37 as of this morning, suggesting a potential listing price of ₹187 per share based on the upper price band of ₹150, and an estimated gain of approximately 24.67%. *[Disclaimer: GMP is an unofficial, speculative market indicator and should not be the sole basis for investment decisions.]*

Established in 2015, Sri Lotus Developers focuses on high-end redevelopment projects in Mumbai’s western suburbs. The company boasts a developable area of 0.93 million sq ft as of June 30, 2025, with a portfolio of completed, ongoing, and upcoming projects including luxury residential units and premium commercial spaces. The company has shown impressive financial performance, with revenue increasing from ₹169.95 crore in FY23 to ₹569.28 crore in FY25 and PAT surging from ₹16.8 crore to ₹227.9 crore.

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**Note:** *This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research before making any investment decisions.*

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