Sri Lotus Developers IPO allotment: Here's how to check status as GMP stays firm
Sri Lotus Developers and Realty's ₹792-crore IPO allotment is expected today, following a massive 74.1 times oversubscription. Listing on BSE and NSE is slated for August 6, with grey market premium at 25% over the ₹150 issue price, signaling strong debut expectations. Retail, QIB, and NII investors showed robust interest, subscribing 21.77, 175.61, and 61.82 times their quotas, respectively.
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How to check Sri Lotus Developers IPO allotment status
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The allotment status for the Rs 792-crore IPO of Sri Lotus Developers and Realty is expected to be finalized today. After an overwhelming subscription of 74.1 times, the issue is set to list on BSE and NSE on August 6. In the grey market, the stock is commanding a premium of 25% over its issue price of ₹150, pointing to strong listing-day optimism.Retail investors subscribed 21.77 times their quota, while Qualified Institutional Buyers (QIBs) and Non-Institutional Investors (NIIs) bid 175.61 times and 61.82 times respectively.The IPO, entirely a fresh issue of 5.28 crore shares, received over 274 crore share bids against 3.70 crore shares on offer (excluding anchor), reflecting strong interest across investor categories.Via KFin Technologies (Registrar):Go to https://ris.kfintech.com/ipostatus Select 'Sri Lotus Developers & Realty Ltd.' from the dropdown menuEnter your PAN, Application Number, or DP Client IDClick on 'Submit' to view your allotment statusVia BSE website:Visit https://www.bseindia.com/investors/appli_check.aspx Select 'Equity' and choose 'Sri Lotus Developers'Enter Application Number and PANClick 'Search'Successful bidders will have shares credited to their demat accounts by August 5, and refunds for unallocated bids will also be initiated the same day.With strong financials, deep-pocketed anchor investors, and a promising pipeline of luxury redevelopment projects in Mumbai, all eyes are now on the listing pop. The 25% grey market premium is fueling hopes for a robust debut.
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