India-based Sri Lotus Developers is set to finalise IPO allotment after a highly oversubscribed public offering. With a grey market premium of ₹44, investor sentiment remains bullish. Allotment is expected on August 2 or 4, 2025, with listing set for August 6.
The spotlight is now on the IPO allotment date for Sri Lotus Developers, following overwhelming investor demand during its subscription window from July 30 to August 1. The IPO, valued at ₹792 crore, received a total subscription of 69.14 times, signaling significant market interest in the company’s real estate-driven growth strategy.
The company is expected to finalise the basis of allotment on August 2, 2025 (Saturday), or by August 4, 2025 (Monday) in case of administrative delay. The equity shares are scheduled to be credited to successful applicants on August 5, followed by listing on both BSE and NSE on August 6, 2025.
Sri Lotus Developers launched a fresh issue of 5.28 crore equity shares at a fixed price of ₹150 per share. The offering generated bids for over 274 crore shares, highlighting strong participation from all investor segments. Notably, the Qualified Institutional Buyers (QIB) category was subscribed 163.90 times, while Non-Institutional Investors and Retail categories saw subscription levels of 57.71 and 20.28 times respectively.
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According to market analysts tracking unlisted equities, the grey market premium (GMP) for Sri Lotus Developers shares stood at ₹44 per share on the final subscription day. This implies an expected listing price of ₹194—representing a 29.33% premium over the IPO price. The robust GMP underscores the high investor confidence in the company’s future prospects.
Once the allotment process is completed, investors will be able to check their status online via the BSE and NSE portals, or directly through the registrar, Kfin Technologies, using PAN, application number, or demat account credentials.
With the listing set just days away, market watchers are closely monitoring how Sri Lotus Developers will debut on the exchanges amid broader real estate sector optimism. The company’s strong fundamentals and the surge in interest from institutional players have positioned this IPO as one of the most anticipated listings in India’s real estate segment this year.
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