Sri Lotus Developers IPO: The Initial Public Offering (IPO) for Sri Lotus Developers and Realty has been a success. The allotment of shares was finalised on August 4, 2025, and the shares were listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on August 6, 2025. The bidding window for the IPO was from July 30 to August 1, 2025. The Rs 792 crore IPO was oversubscribed a remarkable 69.14 times, indicating strong investor interest across all categories.
On the BSE, the shares opened at Rs 179.10, a 19.4% premium over the IPO price. On the NSE, the shares opened at Rs 178, an 18.67% increase from the upper end of the IPO price band (Rs 150).
Unofficial market data (Grey Market Premium or GMP) on August 4, 2025 was reported at Rs 37. This suggested a potential listing price of Rs 187 per share, a premium of about 24.67 per cent over the upper IPO price band of Rs 150.
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Sri Lotus Developers IPO: Post-Listing Performance
On its first day, the stock reached an intraday high of Rs 192.45 on the NSE.
Sri Lotus Developers IPO: Financials
The company’s profit after tax (PAT) grew significantly from Rs 16.8 crore in fiscal year 2023 to Rs 227.9 crore in fiscal year 2025. This growth was driven by a focus on redevelopment projects and an asset-light business model that helped minimize debt.
Sri Lotus Developers IPO: Use of Proceeds
The money raised from the IPO will be used to fund ongoing business projects and for general corporate purposes, specifically to support its subsidiaries in their development and construction costs.
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Sri Lotus Developers IPO: Business Strategy
The company is a real estate developer focused on ultra-luxury and luxury residential and commercial redevelopment in Mumbai’s western suburbs. Its brand strength allows it to price its projects at a premium.