Sri Lotus Developers IPO: Focus shifts on allotment date after strong subscription status; GMP, how to check status
The public issue was open from July 30 to August 1. Sri Lotus Developers IPO allotment date is expected to be 2 August 2025, Saturday or on 4 August 2025, Monday, and the Sri Lotus Developers IPO listing date is likely on August 6, 2025.
The company will finalise the Sri Lotus Developers IPO allotment status soon. Once the basis of share allotment is finalised, the company will then credit the equity shares into the demat accounts of the eligible allotment holders on August 5 and initiate refunds on the same day.
Applicants can check Sri Lotus Developers IPO allotment status online through the websites of BSE and NSE along with the official portal of the IPO registrar. Kfin Technologies is the Sri Lotus Developers IPO registrar.
To do Sri Lotus Developers IPO allotment status check online, the following steps must be followed. Here are the steps to check Sri Lotus Developers IPO allotment status online:
Step 2] Select 'Equity' in the Issue Type
Step 3] Choose 'Sri Lotus Developers Limited' in the Issue Name dropdown menu
Step 4] Enter either Application No. or PAN
Step 5] Verify by ticking on 'I am not robot' and click on 'Search'
Your Sri Lotus Developers IPO allotment status will be displayed on the screen.
Step 2] Select 'Equity and SME IPO bids'
Step 3] Choose 'Sri Lotus Developers Limited' from the Issue Name dropdown menu
Step 4] Enter your PAN and Application Number
Your Sri Lotus Developers IPO allotment status will be displayed on the screen.
Step 1] Visit IPO registrar's website on this link - https://kosmic.kfintech.com/ipostatus/
Step 2] Choose 'Sri Lotus Developers Limited' in the Select IPO dropdown menu
Step 3] Select either Application No, Demat Account, or PAN
Step 4] Enter the details as per the option selected
Step 5] Enter the Captcha code and click on Submit
Your Sri Lotus Developers IPO allotment status will be displayed on the screen.
The trends for Sri Lotus Developers shares in the unlisted market remains bullish with a higher grey market premium (GMP). Sri Lotus Developers IPO GMP today is ₹ 44 per share, market experts said. This means that in the grey market, Sri Lotus Developers shares are trading higher by ₹ 44 than their issue price.
Considering the Sri Lotus Developers IPO GMP today, the estimated listing price of Sri Lotus Developers shares would be ₹ 194 apiece, which is at a premium of 29.33% to the IPO price of ₹ 150 per share.
Sri Lotus Developers launched its IPO on July 30, which closed on August 1. Sri Lotus Developers IPO allotment date is likely August 4, and the tentative IPO listing date is August 6. The equity shares of the company will be listed on both the stock exchanges, BSE and NSE.
The company raised ₹ 792.00 crore from the IPO at a fixed price band of ₹ 150 per share. Sri Lotus Developers IPO was entirely a fresh issue of 5.28 crore equity shares.
Sri Lotus Developers IPO was subscribed 69.14 times in total as the issue received bids for 274.18 crore equity shares as against 3.96 crore shares on the offer, NSE subscription status data showed.
The IPO was subscribed 20.28 times in the Retail investors category, and 57.71 times in the Non-Institutional Investors segment. The Qualified Institutional Buyers (QIB) category received 163.90 times subscription.
Motilal Oswal Investment Advisors is the book-running lead manager, while Kfin Technologies is the Sri Lotus Developers IPO registrar.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
4 hours ago
- Mint
Sona Comstar not informed who controls promoter family trust after Sunjay Kapur, CEO says
Next Story Ayaan Kartik , Nehal Chaliawala While the dispute rages between Priya Sachdev Kapur and Rani Kapur, who are the wife and the mother of Sunjay, the company assured investors that the discord has no bearing on its performance. Sunjay Kapur, the former chairman of Sona Comstar. Gift this article Mumbai: Automotive component maker Sona Comstar's top executive said on Monday that the company has not been informed of the beneficial owner of the promoter family trust following the passing away of company chairman Sunjay Kapur. Mumbai: Automotive component maker Sona Comstar's top executive said on Monday that the company has not been informed of the beneficial owner of the promoter family trust following the passing away of company chairman Sunjay Kapur. The trust–RK Family Trust–is at the centre of a succession and inheritance dispute within the promoter family. Sunjay Kapur's wife and mother–Priya Sachdev Kapur and Rani Kapur–are at odds over inheritance and control of the Trust's stake in Sona Comstar, which is worth almost ₹ 8,000 crore. RK Family Trust owns 65% of Aureus Investment Private Ltd, which in turn controls the 28% promoter stake in Sona Comstar (listed as Sona BLW Precision Forgings Ltd). In 2019, RK Family Trust had informed Sona Comstar, which was a privately held company at the time, that its sole beneficiary was Sunjay Kapur. Vivek Vikram Singh, the company's managing director and group CEO, said during an analyst call to discuss the company's June-quarter results that the discord was limited to the promoter family and it has no bearing on its performance. 'There is far more sensationalism around this than there is impact. Whoever controls the 28% doesn't have that much [impact]," Singh said. Aureus Investment, the promoter company, has the right to nominate just one director to Sona Comstar's board, Singh said on the call, adding that even that power was not absolute. The board may choose to reject the nomination. Even if the board approves it, public shareholders then have to ratify the nomination, he said. 'How the appointment of a single director on a board with six independent directors can have an impact on the running of the company is very bizarre to me," he said, blaming the media for putting a spotlight on the succession dispute. The Sona BLW Precision Forgings Ltd stock has lost almost 15% since the sudden passing away of its chairman on 12 June. It closed 1.26% higher on the BSE on Monday at ₹ 442.8 compared to a 1.54% gain in the S&P BSE Auto Index. After Kapur's demise, Aureus Investment nominated Priya as a non-executive director of Sona Comstar. Her appointment was accepted by the company's board and, later, by its shareholders at its annual general meeting on 25 July. Earlier, Priya was appointed as the managing director of Aureus within a week of Sunjay's passing away. Unhappy with Priya's appointment to the Aureus and Sona Comstar boards, Rani Kapur wrote to the latter company on 24 July, questioning the authority of those who approved the appointment of Priya. She also alleged that she was made to sign certain documents while she was grieving and that she has no knowledge of what she signed upon. 'I was approached multiple times and compelled to sign various documents without explanation or even having time to read and understand the same," she wrote in her letter. 'Despite being under immense mental and emotional distress, I was coerced into signing such documents behind locked doors and though I've requested repeatedly, the contents of such documents have never been revealed to me." Vaibhav Gaggar, the lawyer appointed by Rani Kapur, declined to comment on the structure of the company and who was the controlling trustee of RK Family Trust. "There is a lot to it. It will start unfolding. Ms Kapur has talked about some very suspicious things," he said. Company's Q1 performance Meanwhile, the rare earth magnet crisis and tariff war dented Sona Comstar's profit and revenue in the April-June quarter, but the outlook remains bullish. The company reported a consolidated profit of ₹ 125 crore for the quarter, 12% less year-on-year (y-o-y). Revenue was 5% lower y-o-y at ₹ 851 crore. The company's business was affected by several obstacles during the quarter, including China's sudden restriction on the export of rare earth elements, which are crucial to make motors for electric vehicles, a key product for Sona Comstar. Other headwinds included the US tariffs, with North America being the key market for the company. 'Q1 FY26 was a challenging quarter for us due to the convergence of multiple adverse factors, which are temporary, and some have started to resolve already," CEO Singh said in a media statement. The company ended the quarter with a few large order wins, he said, which helped its net order book reach an all-time high of ₹ 26,200 crore. The comparable figure at the end of the preceding quarter was ₹ 24,200 crore. Amongst the order wins was a ₹ 1,550 crore order from a North American automaker to supply differential assemblies–the company's largest order win in 30 months. Topics You May Be Interested In Catch all the Business News , Corporate news , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
Time of India
6 hours ago
- Time of India
Mindspace Business Parks REIT's NOI up 24.2% in Q1 FY26
NEW DELHI: Mindspace Business Parks REIT ( Mindspace REIT ) registered a growth of 24.2% year-on-year in its net operating income (NOI) in Q1 FY26 which stood at ₹616 crore during the quarter ended June 30, 2025. Its loan-to-value (LTV) was approximately 25%. The company raised commercial papers of ₹800 crore at an effective rate of 6.46% per annum per month, raised a five-Year NCD of ₹600 crore at an effective rate of 7.15% per annum per month while cost of debt reduced by 29 bps on sequential basis to 7.84% per annum per month, during the said quarter. The board of directors of K Raheja Corp Investment Managers , manager to Mindspace REIT, approved the distribution of ₹5.79 per unit aggregating to ₹3,527.17 million for the quarter ended June 30, 2025, which comprises dividend of ₹3.19 per unit aggregating to ₹1,943.30 million, interest of ₹0.10 per unit aggregating to ₹60.92 million, repayment of SPV debt of ₹2.47 per unit aggregating to ₹1,504.68 million and other income of ₹0.03 per unit aggregating to ₹18.28 million. Ramesh Nair , CEO and MD of the company said, "We've had yet another great quarter, renting out 1.7 million sq ft and achieving a remarkable committed occupancy of 93.7%. Our NOI grew by a robust 24% driven by our acquisitions, rising rents and growing occupancy. We delivered a strong quarterly DPU of ₹5.79 per unit, up 14.9% year-on-year." The company has reported a growth of 21.13 per cent in its net consolidated profit in Q1 FY26. Its profit after tax stood at ₹166.79 crore in Q1 FY26 as against ₹137.70 crore it registered in the corresponding quarter of the previous fiscal, the company said in a BSE filing. The company's net consolidated total income stood at ₹754.80 crore in Q1 FY26, a growth of 17.71 per cent from ₹641.23 crore it recorded in the similar quarter last year. The board approved the acquisition of office admeasuring approximately 8,960 sq ft in Commerzone Yerawada, Pune by Mindspace Business Parks, an asset SPV of Mindspace REIT, at a consideration of ₹80.5 million. The company recorded gross leasing of 1.7 million sq ft in Q1 FY26, committed occupancy for the quarter stood at 93.7%, re-leasing spread of 29.5% for Q1 FY26 on 1.4 million sq ft of area re-let and has an under-construction pipeline of 3.7 million sq ft. The board also approved the appointment of Sandeep Mathrani as an additional director in the capacity of independent director, on the board of the company for a term of five consecutive years with immediate effect and Preeti Chheda as the chief financial officer and key managerial personnel of the company. In July 2025, following the end of Q1 FY26, Mindspace REIT concluded the acquisition of 100% equity shareholding in Mack Soft Tech (MSTPL), which owns 'Q-City', a 0.81 million sq ft commercial asset located in Hyderabad's Financial District. Valued at ₹512 crore, the asset increases Mindspace REIT's Hyderabad portfolio to over 16 million sq ft.
Time of India
6 hours ago
- Time of India
Kansai Nerolac Paints' net profit dips 4.13% in Q1 FY26
NEW DELHI: Kansai Nerolac Paints has reported a dip of 4.13 per cent in its net consolidated profit during the quarter ended June 30, 2025. Its profit after tax stood at ₹215.59 crore in Q1 FY26 as against ₹224.87 crore it registered in the corresponding quarter of the previous fiscal, the company said in a BSE filing. The company's net consolidated total income stood at ₹2,214.64 crore in Q1 FY26, a growth of 2.21 per cent from ₹2,166.69 crore it recorded in the similar quarter last year. Pravin Chaudhari , managing director of the company said, "During the quarter demand for decorative showed signs of revival though an early monsoon impacted during the later part of the quarter. KNP decorative performance was affected due to the disturbance in April which impacted key markets in the North. Performance coatings registered strong growth. Raw material prices were benign. Looking ahead, we anticipate an improvement in decorative demand driven by a favorable monsoon and the early onset of Diwali."
