Sri Lotus Developers & Realty Ltd closed its Rs. 792 crore IPO, and the allotment status was finalized as of August 4. The company is preparing for its listing on August 6, and with the good demand and significant grey market premium (GMP), there should be a premium listing.
The IPO was a completely fresh issue of 5.28 crore equity shares, offered at a price band of Rs. 140 to Rs. 150 per share, with huge demand by subscribing 74.09 times overall. Analysts say IPO GMP today indicates strong listing gains for early investors.
Retail investors subscribed 21.76 times, Non-Institutional Investors (NII) bid and subscribed to the issue 61.82 times, and Qualified Institutional Buyers (QIB) showed the most enthusiasm by subscribing to the issue 175.61 times.
The Sri Lotus IPO listing date is set for next week, and retail participation is already high. Here's how to check IPO allotment for Sri Lotus Developers using your PAN and application number on the registrar’s website. Investors can check their allotment status via three primary methods.
Visit the official IPO allotment page of KFin Technologies.
Select 'Sri Lotus Developers & Realty Ltd' from the list of IPOs.
Choose any one option: Application Number, Demat Account, or PAN.
Enter the required details and the captcha code.
Click on 'Submit' to view your allotment status.
Go to the BSE IPO allotment status page.
Select 'Equity' as the issue type.
Choose 'Sri Lotus Developers & Realty Ltd' from the company list.
Enter your application number or PAN.
Complete the captcha verification.
Click 'Search' to view your allotment status.
Visit the NSE IPO bid verification portal.
Select 'Equity & SME IPO Bid Details' as the issue type.
Choose the issue symbol 'LOTUSDEV.'
Provide your PAN and application number.
Complete the captcha and click 'Submit.'
Refunds for unallocated applicants and credit of shares to Demat accounts were expected on August 5, 2025.
Also Read: How to Track Upcoming IPOs Like a Pro and Invest Smart
Sri Lotus Developers share price is expected to open at a premium based on current grey market signals. As of August 5, the GMP is Rs. 37 to Rs. 39. Therefore, at the upper issue price of Rs. 150, the price at which it is expected to list is between Rs. 187 and Rs. 189, potentially providing listing gains for allottees in the 25-28% range.
Founded in 2015, Sri Lotus Developers is a premium real estate developer in Mumbai, specializing in luxury and ultra-luxury redevelopment projects in the western suburbs at Bandra, Juhu, Khar, and Santacruz.
As of June 30th, 2025, Sri Lotus Developers is composed of 0.93 million sq ft of development area and a portfolio with four completed projects, six active projects, and 11 planned projects. Residential units start above Rs. 3 crore, and commercial projects begin above Rs. 7 crore.
Financially, Sri Lotus Developers has experienced a strong revenue increase, from Rs. 170 crore in FY23 to Rs. 569 crore in FY25. This growth is accompanied by a significant increase in net profit, from Rs. 17 crore to Rs. 228 crore, and an improvement in EBITDA margins to 53%, indicating high operational efficiency.
With strong fundamentals, a healthy investor appetite, and a bullish GMP, Sri Lotus Developers should have a strong listing. Investors who received an allotment should be looking forward to a successful debut on the stock exchanges.