Sri Lotus Developers IPO GMP: Issue Subscribed 74.10 Times on Final Day of Bidding
Sri Lotus Developers IPO GMP Today: The grey market premium currently stands at 28%, pointing to healthy listing gains for investors.
The initial public offering (IPO) of Sri Lotus Developers concluded today, Friday, August 1. The mainboard issue, aiming to raise ₹792 crore, has been priced at ₹150 per share. On the final bidding day, the issue received a subscription of 74.10 times, with bids for 2,74,25,55,800 shares as compared to 3,70,13,726 shares on offer.
The participation from retail investors and non-institutional investors (NIIs) stood at 21.77 times and 61.82 times, respectively, while the qualified institutional buyers (QIB) category was subscribed 175.61 times.
The grey market premium (GMP) is currently at 28%, reflecting strong listing prospects for investors.
Based in Mumbai, Sri Lotus Developers, established in 2015, focuses on luxury and ultra-luxury residential and commercial redevelopment projects. As of June 30, 2025, the developer has a total developable area of 0.93 million sq ft.
Sri Lotus Developers IPO Allotment and Listing Date
The IPO was open for subscription from July 30 to August 1. The basis of allotment will be finalised on August 4, and the listing is scheduled for August 6, 2025.
Sri Lotus Developers IPO Price & Lot Size
The price band of this mainboard IPO, which seeks to mobilise ₹792 crore, has been fixed at ₹150 per share.
For investors, the minimum lot size is 100 shares, meaning one must apply for a minimum of 100 shares or multiples thereof. Hence, a retail investor would need at least ₹14,000 to participate in the IPO.
Sri Lotus Developers IPO GMP Today
As per market watchers, unlisted shares of Sri Lotus Developers Ltd are trading at ₹192, compared to the IPO’s upper band price of ₹150, indicating a GMP of ₹42, or 28% over the issue price.
The grey market premium is indicative of investors’ willingness to pay a premium above the issue price and is subject to change based on market sentiments.
Sri Lotus Developers IPO Quota Allocation
As per the company, 49.86% of the IPO has been reserved for QIBs, 34.9% for retail investors, and the remaining 14.96% for non-institutional investors.
Sri Lotus Developers IPO: Should You Subscribe?
The IPO of Sri Lotus Developers and Realty Ltd, a real estate player focusing on Mumbai’s luxury and ultra-luxury redevelopment segment, has received positive recommendations from brokerage houses. Experts have pointed out the company’s asset-light model, sound financials, and premium positioning in niche, high-entry-barrier markets.
SBI Securities
Rating: Subscribe
SBI Securities highlighted the company’s asset-light approach, zero net debt, and industry-leading EBITDA and PAT margins in FY25.
“We advise investors to ‘subscribe’ at the cut-off price,” the brokerage stated.
Reliance Securities
Rating: Subscribe
Reliance Securities cited the company’s robust growth — 3.4x revenue increase and 7.5x PAT expansion between FY23 and FY25. It also noted improved EPS and fixed asset turnover, indicating efficient capital usage.
“Lotus enjoys strong pricing power, brand equity, and future visibility. We recommend subscribing.”
Anand Rathi Shares & Stock Brokers
Rating: Subscribe for long-term
Anand Rathi underlined the company’s strong presence in Mumbai’s western suburbs and its customer-first strategy.
“The asset-light model, with agreements with landowners and housing societies, helps maintain capital efficiency and healthy operating cash flows.”
Angel One
Rating: Subscribe (for long-term)
Angel One said the post-issue P/E of 32.2x is fair for a developer operating in Mumbai’s premium redevelopment space.
“We give a long-term ‘subscribe’ rating, though investors should be aware of geographic and regulatory risks.”
Canara Bank Securities
Rating: Subscribe (for long-term)
Canara Bank Securities praised the brand’s in-house project execution and unique ‘Blue & Green’ concept — combining prime urban areas with peaceful surroundings.
“Backed by a 20–22% pricing premium and celebrity clients, we recommend subscribing for the long haul.”
KR Choksey Finserv
Rating: Subscribe
KR Choksey acknowledged the premium valuation — 24.5x FY25 EBITDA versus peer average of 20.7x — but said the company’s growth and returns justify the price.
“Considering the business model and growth potential, we rate it a ‘subscribe’.”
Mehta Equities
Rating: Subscribe for long-term
Mehta Equities pointed to the company’s entry into upscale areas like Prabhadevi and Nepean Sea Road, alongside strong market demand.
“We advise long-term subscription, though the issue is priced at a premium and expectations are high due to its star-studded pre-IPO backing.”
More Information on Sri Lotus Developers IPO
The IPO is a complete fresh issue worth ₹792 crore, with no Offer For Sale (OFS) component.
The raised capital will be utilised to fund subsidiaries — Richfeel Real Estate Pvt Ltd, Dhyan Projects Pvt Ltd, and Tryksha Real Estate Pvt Ltd — to partially finance ongoing projects Amalfi, The Arcadian, and Varun, respectively. A portion of the funds will also go towards general corporate purposes.
Promoted by Anand Kamalnayan Pandit, the company develops residential and commercial spaces in Mumbai, primarily in the luxury redevelopment segment in the city’s western suburbs.
Monarch Networth Capital and Motilal Oswal Investment Advisors are the book-running lead managers of the issue.
