Sri Lotus Developers Stock Surges on Market Debut
Sri Lotus Developers and Realty, backed by Bollywood stars and renowned investor Ashish Kacholia, saw its stock jump over 19% on its market debut. The IPO was subscribed 69.14 times, highlighting strong investor interest.
Sri Lotus DevelopersReal EstateIpoMarket DebutStock PerformanceReal Estate NewsAug 06, 2025
The company's stock listed at Rs 179.10, a 19.4% increase from the issue price on the BSE. It further rose by 22.27% to trade at Rs 183.40 on the exchange. On the NSE, the stock climbed 18.67% to Rs 178 in the initial trade and later jumped 22.37% to trade at Rs 183.70 apiece.
The company's market valuation on the NSE stood at Rs 8,971.01 crore, underscoring the strong performance and investor sentiment. The Rs 792 crore Initial Public Offering (IPO) was heavily oversubscribed, with a subscription rate of 69.14 times on the final day of bidding.
Sri Lotus Developers raised Rs 237 crore from institutional investors on Tuesday, ahead of its market debut. The company fixed a price band of Rs 140-150 per share for the IPO. 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, including Richfeel Real Estate Pvt Ltd, Dhyan Projects Pvt Ltd, and Tryksha Real Estate Pvt Ltd. These funds will part-finance the development and construction costs of ongoing projects such as Amalfi, The Arcadian, and Varun. Additionally, a portion of the proceeds will be allocated for general corporate purposes.
Sri Lotus Developers, promoted by Anand Kamalnayan Pandit, is a leading real estate developer in Mumbai, Maharashtra. The company focuses on the construction of residential and commercial premises, with a particular emphasis on redevelopment projects in the ultra-luxury and luxury segments in the western suburbs. This strategic focus has positioned the company as a key player in the Mumbai real estate market, attracting significant interest from both institutional and retail investors.
Frequently Asked Questions
What is the IPO price range for Sri Lotus Developers?
The IPO price range for Sri Lotus Developers was fixed at Rs 140-150 per share.
How much was the IPO subscribed on the final day of bidding?
The IPO was subscribed 69.14 times on the final day of bidding.
What is the market valuation of Sri Lotus Developers on the NSE?
The market valuation of Sri Lotus Developers on the NSE stood at Rs 8,971.01 crore.
How much did Sri Lotus Developers raise from institutional investors?
Sri Lotus Developers raised Rs 237 crore from institutional investors.
What are the main projects of Sri Lotus Developers?
The main projects of Sri Lotus Developers include Amalfi, The Arcadian, and Varun, focusing on redevelopment in the ultra-luxury and luxury segments in Mumbai.
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