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Sri Lotus Developers IPO GMP Today: Its grey market premium currently stands at 28%, indicating strong listing gains for investors.
Sri Lotus Developers IPO GMP.
Sri Lotus Developers IPO GMP Today: The initial public offering of Sri Lotus Developers is going to be closed today, Friday, August 1. The price of the mainboard issue, which aims to raise Rs 792 crore, has been fixed at Rs 150 per share. Till 10:18 am on the final day of bidding on Friday, the issue received a 12.51 times subscription, garnering bids for 46,30,73,200 shares as against the 3,70,13,726 shares on offer.
The retail and NII participation stood at 10.57x and 21.35x, respectively. The QIB category has received a 9.33x subscription.
The IPO’s grey market premium currently stands at 28%, indicating strong listing gains for investors.
Mumbai-based Sri Lotus Developers, founded in 2015, focuses on luxury and ultra-luxury residential and commercial redevelopment projects, with a developable area of 0.93 million sqft as of June 30, 2025.
Sri Lotus Developers IPO Allotment And Listing Date
The IPO will remain open for public subscription between July 30 and August 1. Its basis of allotment will be finalised on August 4, while its listing is scheduled to take place on August 6, 2025.
Sri Lotus Developers IPO Price & Lot Size
The price band of the mainboard IPO, which plans to raise Rs 792 crore, has been fixed at Rs 150 apiece.
For investors, the minimum lot size for the IPO is 100. It means investors will have to apply for a minimum of 100 shares or in multiple thereof. So, retail investors require a minimum capital of Rs 14,000 to apply for the IPO.
Sri Lotus Developers IPO GMP Today
According to market observers, unlisted shares of Sri Lotus Developers Ltd are currently trading at Rs 192 against the upper IPO price of Rs 150. It means a grey market premium or GMP of Rs 42, which is 28% over its issue price.
The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
Sri Lotus Developers IPO Quota
Sri Lotus Developers said half of the IPO (49.86%) has been reserved for qualified institutional buyers, 34.9% for retail investors and the remaining 14.96% for non-institutional.
Sri Lotus Developers IPO: Should You Apply?
The IPO of Sri Lotus Developers and Realty Ltd, a Mumbai-based real estate developer focused on luxury and ultra-luxury redevelopment projects in the city’s western suburbs, has received positive feedback across brokerage houses. Analysts cite the company’s asset-light business model, strong financials, and premium positioning in high-barrier micro-markets as key strengths.
SBI Securities
Rating: Subscribe
SBI Securities underscored the company’s asset-light model and net debt-free status, with industry-best EBITDA and PAT margins in FY25.
“We recommend investors to ‘subscribe’ to the IPO at the cut-off price,” the brokerage said.
Reliance Securities
Rating: Subscribe
Reliance Securities noted the company’s significant financial growth, stating that “revenue grew 3.4 times and PAT expanded nearly 7.5 times over FY23–FY25.” The brokerage highlighted improvements in EPS and fixed asset turnover as signs of efficient capital deployment.
“Strong pricing power, a premium brand image, and robust project visibility position it well for sustained growth. Overall, Lotus presents a high-margin, capital-efficient play on Mumbai’s luxury housing boom. Owing to such developments, we recommend to subscribe,” it added.
Anand Rathi Shares & Stock Brokers
Rating: Subscribe for long-term
Anand Rathi emphasised the company’s presence in premium micro-markets like Mumbai’s western suburbs and its customer-centric approach.
“Their asset-light model executed through development agreements with landowners and housing societies minimises capital outlay, supports financial flexibility, and ensures robust operating cash flows,” the brokerage said.
Angel One
Rating: Subscribe (for long-term)
Angel One found the post-issue P/E of around 32.2 times to be reasonable, given the company’s focus on Mumbai’s high-entry-barrier luxury redevelopment space.
“We recommend a ‘subscribe’ rating for long-term investors,” it stated, while also flagging risks such as geographic concentration, regulatory dependence, and execution challenges.
Canara Bank Securities
Rating: Subscribe (for long-term)
Canara Bank Securities highlighted the company’s in-house execution model and unique ‘Blue & Green’ strategy combining prime locations with serene surroundings.
“The brand commands a 20–22 per cent pricing premium, backed by high customer satisfaction and a celebrity client base… we recommend subscribing to the issue for the long term,” it said.
KR Choksey Finserv
Rating: Subscribe
KR Choksey acknowledged that the IPO is priced higher than peers (at 24.5x FY25 EBITDA vs. peer average of 20.7x), but believes it is justified.
“Given its strong growth, asset-light business model, and superior return profile… we assign a ‘subscribe’ rating to its initial issue,” it said.
Mehta Equities
Rating: Subscribe for long-term
Mehta Equities cited expansion into high-value micro-markets like Prabhadevi and Nepean Sea Road, along with strong demand fundamentals.
“We recommend ‘subscribe’ to the issue for long-term,” it said, while noting the premium valuation and high expectations set by notable pre-IPO investors, including Bollywood personalities.
Sri Lotus Developers IPO: More Info
The IPO is entirely a fresh issue of shares worth Rs 792 crore with no Offer For Sale (OFS) component.
Proceeds from the fresh issue will be used for investment in its subsidiaries, Richfeel Real Estate Pvt Ltd, Dhyan Projects Pvt Ltd and Tryksha Real Estate Pvt Ltd for part-funding the development and construction cost of its ongoing projects, Amalfi, The Arcadian and Varun, respectively; besides, a portion will be used for general corporate purposes.
The Anand Kamalnayan Pandit-promoted company is a real estate developer engaged in the construction of residential and commercial premises in Mumbai, Maharashtra, with a focus on redevelopment projects in the ultra luxury and luxury segments in the western suburbs.
Monarch Networth Capital and Motilal Oswal Investment Advisors are the book-running lead managers of the public issue.
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h…Read More
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h… Read More
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