Sri Lotus Developers’ Rs 792-crore initial public offering (IPO), which opened for subscription on Wednesday, July 30, witnessed robust investor participation across categories on Day 1.
As per BSE data at 5 pm, the IPO was subscribed 3.60 times overall. The Qualified Institutional Buyers (QIBs) segment led the demand, subscribing 5.31 times their reserved portion. Retail Individual Investors (RIIs) followed with 2.84 times subscription, while the Non-Institutional Investors (NIIs) category was subscribed 3.10 times. The employee reserved category also received healthy interest, subscribed 3.01 times.
The IPO, which is entirely a fresh issue of 5.28 crore equity shares, is being offered at a price band of Rs 140–Rs 150 per share. Investors can bid in lots of 100 shares, requiring a minimum investment of Rs 14,000 for retail applicants. Employees are eligible for a Rs 14 per share discount on the issue price. The public issue will close on August 1, 2025.
Allotment is expected to be finalised by August 4, with tentative listing on both BSE and NSE scheduled for August 6.
Motilal Oswal Investment Advisors Limited is the book-running lead manager to the issue, while Kfin Technologies Limited is acting as the registrar.
Sri Lotus Developers IPO: Share Allocation Structure:
- Total shares on offer: 5,28,13,725
- QIBs: 2,63,33,333 shares (49.86 per cent)
- QIBs (Ex-Anchor): 1,05,33,334 shares (19.94 per cent)
- Anchor Investors: 1,57,99,999 shares (29.92 per cent)
- NIIs: 79,00,000 shares (14.96 per cent)
- RIIs: 1,84,33,333 shares (34.90 per cent)
Motilal Oswal Investment Advisors Ltd is the book-running lead manager for the issue, and Kfin Technologies Ltd is the registrar.
About Sri Lotus Developers & Realty Ltd
Sri Lotus Developers and Realty Ltd, founded in February 2015, is a Mumbai-based real estate company known for its focus on luxury and ultra-luxury redevelopment projects across the city’s western suburbs.
The company mainly works on premium residential spaces—think 2BHK and 3BHK flats priced between Rs 3 crore to Rs 7 crore, and larger 3BHK, 4BHK or even penthouses that go beyond Rs 7 crore. Alongside residential spaces, it also develops high-end commercial office properties.
As of June 30, 2025, Sri Lotus has a total developable area of around 0.93 million sq. ft. and is actively working on multiple projects. It has already delivered four completed projects, is currently developing five more, and has eleven new ones lined up—signalling strong momentum in Mumbai’s high-end property market.
