Sri Lotus Developers IPO is a book-built issue IPO, aiming to raise ₹792.00 crore. The bidding window was open from July 30, 2025, to August 1, 2025, with the IPO allotment to be finalised on August 4, 2025. Sri Lotus Developers is scheduled to list on BSE and NSE on August 6, 2025.
The IPO was priced at ₹140–₹150 per share with a lot size of 100 shares. The public issue received bids for 2,74,25,55,800 shares against 3,70,13,726 shares available, resulting in an overall subscription of 74.10 times. QIBs led the response, subscribing 175.61 times their quota, followed by NIIs at 61.82 times and retail investors at 21.77 times.
Sri Lotus Developers' ₹792.00 crore IPO, priced at ₹140–₹150 per share, was subscribed 74.10 times overall. The IPO is a book-built issue and bidding took place from July 30 to August 1, 2025, with the Sri Lotus Developers IPO allotment status on August 4, 2025. Retail investors subscribed 21.77 times and NIIs 61.82 times. Listing is expected on August 6, 2025.
The table below breaks down the Sri Lotus Developers share allocation for different categories, highlighting the number of shares and their percentage of the total issue. However, the key focus remains on the quotas allocated to retail investors and HNIs, as they are the most relevant for individual investors.
| Investor Category | Shares Offered |
| QIB Shares Offered | 2,63,33,333 (49.86%) |
| − Anchor Investor Shares Offered | 1,57,99,999 (29.92%) |
| − QIB (Ex. Anchor) Shares Offered | 1,05,33,334 (19.94%) |
| NII (HNI) Shares Offered | 79,00,000 (14.96%) |
| − bNII > ₹10L | 52,66,667 (9.97%) |
| − sNII < ₹10L | 26,33,333 (4.99%) |
| Retail Shares Offered | 1,84,33,333 (34.90%) |
| Employee Shares Offered | 1,47,059 (0.28%) |
| Total Shares Offered | 5,28,13,725 (100.00%) |
Data Source: NSE
| Category | Subscription (times) |
| Qualified Institutional Buyers | 175.61 |
| Non-Institutional Investors | 61.82 |
| Retail Individual Investors | 21.77 |
| Employees | 21.37 |
| Total shares | 74.1 |
Note: The subscription details are as of August 1, 2025
Sri Lotus Developers & Realty Limited was incorporated in 2017 and is based in Mumbai, Maharashtra. The company primarily operates in the real estate sector, specialising in the development of luxury and ultra-luxury residential and commercial properties. Its business model is centred on redevelopment and joint development ventures, particularly in Mumbai’s western suburbs such as Juhu, Andheri, and Bandra, locations that are among India’s most active and premium real estate markets.
The company’s portfolio includes both greenfield and brownfield projects, aimed at delivering high-end 2BHK and 3BHK residences priced between ₹3 crore and ₹7 crore, as well as ultra-luxury homes priced above ₹7 crore. In addition to residential developments, it undertakes commercial office projects and focuses on crafting community-centric living spaces equipped with modern amenities and sophisticated design.
Sri Lotus Developers leverages advanced technologies like Building Information Modelling (BIM) and virtual walkthroughs to improve construction efficiency and the customer experience. Its operational strategy is to remain asset-light by partnering with landowners, thereby optimising capital allocation and execution timelines.
The company is led by its promoter, Mr. Anand Kamalnayan Pandit, who brings over 24 years of experience in the real estate sector and has completed over 3.32 million sq. ft. of development through various entities. Under his leadership, Sri Lotus Developers is expanding its footprint into new micro-markets such as Prabhadevi, Nepean Sea Road, and Ghatkopar, aiming to capture further growth in Mumbai’s high-value property corridors.
Know more about IPO allotment status and check your application details online for the latest updates on share allocation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Aug 1, 2025, 11:49 PM IST
Akshay Shivalkar
Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and mutual funds, he simplifies complex financial concepts to help investors make informed decisions through his writing.
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