Sri Lotus Developers IPO Day 1 - Check Subscription Status, GMP & Key Highlights
Sri Lotus Developers & Realty Ltd is launching its Initial Public Offering (IPO) today on July 30, 2025. Founded in 2015, the Mumbai-based real estate developer specialises in redevelopment of commercial and residential properties. The Sri Lotus Developers IPO subscription window will be open from July 30, 2025 till August 1, 2025.
The allotment process for the public issue is expected to be finalised on Monday, August 4, 2025. The company’s shares will be listed on both BSE and NSE, with a tentative listing date of Wednesday, August 6, 2025.
IPO Details
Sri Lotus Developers IPO is a bookbuilding of ₹792.00 crores. The issue is entirely a fresh issue of 5.28 crore shares. The IPO price band is set between ₹140 to ₹150 per share. The minimum lot size for an application is 100 and the minimum investment amount required for retail investor is ₹14,000 (100 shares).
Motilal Oswal Investment Advisors Limited is the book-running lead manager of the Sri Lotus Developers IPO, while Kfin Technologies Limited is the registrar for the issue.
Sri Lotus Developers IPO Day 1 Subscription Status
(July 30, 2025, 5 PM)
On Day 1, Sri Lotus Developers IPO saw a subscription of 3.85 times. The public issue was subscribed 3.03 times in the retail category, 5.68 times in QIB, and 3.32 times in the NII category.
Utilisation of Proceeds
The Company will utilise the net proceeds from the issue for the following purposes:
- Investment in the Subsidiaries, Richfeel Real Estate Private Limited, Dhyan Projects Private Limited and Tryksha Real Estate Private Limited for part-funding development and construction cost of their Ongoing Projects, Amalfi, The Arcadian and Varun, respectively.
- General corporate purposes.
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Sri Lotus Developers GMP Details
According to Business Standard, the Grey Market Premium (GMP) of Sri Lotus Developers is ₹44 as of July 30, 2025, 09:25 a.m. This indicates that the estimated listing price can be ₹194 as per the upper price band, which is ₹150. The estimated gain per share is 29.33%.
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Source: Business Standard Media Report dated July 30, 2025 Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market. |
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Sri Lotus Developers & Realty Ltd - Business Overview
Sri Lotus Developers & Realty Ltd, incorporated in 2015 and based in Mumbai, is focused on ultra‑luxury and luxury residential and commercial redevelopment projects in Mumbai’s western suburbs like Bandra, Khar, Santacruz, and Juhu.
As of June 30, 2025, the company had 0.93 million sq ft of developable area. It has successfully completed 4 projects, with 6 ongoing and 11 upcoming developments, including high-end residential units starting above ₹3 crore per 2/3 BHK and premium spaces above ₹7 crore.
Financially, Sri Lotus Developers saw an impressive growth in revenue from ₹169.95 crore in FY23 to ₹569.28 crore in FY25, and PAT surged from ₹16.8 crore to ₹227.9 crore, with EBITDA margin expanding to 53%.
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