Sri Lotus Developers IPO subscribed 15.17 times on Day 3. Check what GMP indicates, reviews, other details
Sri Lotus Developers IPO subscription status
Explore courses from Top Institutes in
Please select course:
Select a Course Category
Data Science
Public Policy
MBA
Project Management
CXO
others
Finance
Leadership
Operations Management
MCA
Digital Marketing
Design Thinking
healthcare
Healthcare
Technology
Data Analytics
Management
Product Management
Others
Cybersecurity
Degree
Data Science
PGDM
Skills you'll gain:
Data Analysis & Interpretation
Programming Proficiency
Problem-Solving Skills
Machine Learning & Artificial Intelligence
Duration:
24 Months
Vellore Institute of Technology
VIT MSc in Data Science
Starts on
Aug 14, 2024
Get Details
Skills you'll gain:
Strategic Data-Analysis, including Data Mining & Preparation
Predictive Modeling & Advanced Clustering Techniques
Machine Learning Concepts & Regression Analysis
Cutting-edge applications of AI, like NLP & Generative AI
Duration:
8 Months
IIM Kozhikode
Professional Certificate in Data Science and Artificial Intelligence
Starts on
Jun 26, 2024
Get Details
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Swelling and internal bleeding in the brain, help this baby
Donate For Health
Donate Now
Undo
Around 11:45 am on Friday, the IPO was subscribed 15.17 times overall, led primarily by non-institutional investors (NIIs), whose portion saw a nearly 29.3 times subscription. This was followed by retail investors at 12.80 times and the qualified institutional buyers, whose quota was subscribed 8.7 times.
Sri Lotus Developers GMP
The issue's strong demand is also reflected in its grey market premium. The IPO is commanding a
grey market premium
(GMP) of 26.7%, indicating a potential listing gain of Rs 40-42 per share over the upper price band.
Sri Lotus Developers IPO details
Live Events
Sri Lotus Developers aims to raise Rs 792 crore through a fresh issue of 5.28 crore equity shares. The price band has been fixed at Rs 140–Rs 150 per share, with a lot size of 100 shares.
The proceeds from the IPO will be utilised to:
Fund ongoing real estate projects through subsidiaries like Amalfi, The Arcadian, and Varun
Support general corporate purposes
What analysts say about the Sri Lotus Developers IPO?
Brokerage firms have shared divergent but optimistic views on the IPO.
Anand Rathi has given a "Subscribe – Long Term" recommendation, citing Sri Lotus's strong brand, track record of timely project delivery, and strategic presence in high-demand localities. While it flags that the IPO is fairly valued at 30.6x FY25 earnings, it believes the company's fundamentals are favourable for long-term wealth creation.
Also read:
SEBI panel mulls allowing big firms to list with just 2.5% equity dilution
Arihant Capital recommends subscribing for
listing gains
, pointing to the company's early project completions, strong pricing power, and market credibility in localities such as Juhu.
Sri Lotus Developers IPO lead managers and listing details
The IPO is being managed by Motilal Oswal Investment Advisors and
Monarch Networth Capital
. Upon successful completion, the equity shares will be listed on both the National Stock Exchange (NSE) and the BSE.
About Sri Lotus Developers
Sri Lotus Developers operates primarily in the upscale western suburbs of Mumbai, focusing on ultra-luxury and luxury residential development through redevelopment and joint development models rather than land acquisition.
In FY25, the company posted a net profit of Rs 228 crore, up from Rs 119 crore in FY24, on a revenue of Rs 550 crore. The EBITDA margin also rose sharply to 52.6%, indicating strong operational efficiency and profitability.
Project Pipeline and Strategic Execution Model
The developer has a pipeline of 16 residential projects located in premium Mumbai areas such as Juhu, Andheri, Bandra, Prabhadevi, and Ghatkopar. These projects cater to the Rs 2.5 crore-plus homebuyer segment, targeting affluent homebuyers seeking luxury living.
Sri Lotus follows an asset-light model, wherein it partners with housing societies rather than purchasing land outright, enabling faster execution cycles and reduced capital intensity.
(
Disclaimer
: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
a few seconds ago
- Time of India
Fintech lender Zype raises Rs 90 crore in round led by Japanese VC fund Unleash Capital Partners
Mumbai-based digital lending startup Zype has raised Rs 90 crore in a fresh funding round led by Japanese venture capital firm Unleash Capital Partners . Existing investor Xponentia Capital also participated in the round comes after the 2022-founded startup raised its first major institutional round of Rs 146 crore last year, thereby bringing the total equity raised to Rs 236 Capital was the exclusive advisor for the transaction, the company said in a received a non-banking finance company ( NBFC ) licence in 2023 and, since then, has been disbursing loans from its books. Its current assets under management (AUM) stands at Rs 400 crore, and since its inception, it has disbursed Rs 1,300 with the likes of Fibe and Kreditbee , Zype extends unsecured personal loans but only caters to young salaried consumers. Its borrowers have typically used Zype for wedding expenses, home repair, and health emergencies in their families.'We have grown this business in a measured and profitable manner. With the new raise, we are good to grow for the next 12-18 months without the need for a fresh equity round,' said Yogi Sadana, founder, Zype. Sadana was previously the chief executive officer of fintech lending startup, quit Cashe to start his own digital lending business in June the NBFC is not yet rated by credit rating agencies, Sadana said that with the new capital raise and some scale-up of business operations, he is looking to get ratings, which will help him source credit lines from more banks and the startup is at an annual recurring revenue run rate of Rs 150 crore and is growing profitably month-on-month (MoM). Sadana said that while the startup did not report net profit for FY25, given that it broke even only in the last quarter, from FY26 the company will report net profit at the end of the to data from business intelligence platform Tracxn, Zype closed FY24 with a net operating revenue of Rs 20.3 crore and a net loss of Rs 7.3 funding round comes at a time when consumer lending startups are trying to shake off the tough few months of November to February, when traditional lenders slowed down lending to fintech startups. With the interest rate cycle turning favourable and the festive season coming up, the sector is hopeful of good growth over the coming months. ET reported on August 5 that Fibe is looking to close a $35 million funding round from is also hopeful of good business over the festival season, when consumption trends pick up, and the holiday season, when people tend to spend more.'We have a 250-member team already, with a special focus on technology and keeping collections in-house,' Sadana said. 'We have even built an AI lab internally to work on cutting-edge technologies,' he added.
Time of India
a few seconds ago
- Time of India
Visual telematics startup Cautio closes $3 million funding round
Academy Empower your mind, elevate your skills Bengaluru-based visual telematics startup Cautio has raised $1.8 million in a fresh funding round led by Amal Parikh, founder of Ohm Stock round also saw participation from existing investors 8i Ventures and AU Small Finance Bank , besides other April this year, the company had raised $1.2 million as part of the same round, and this extension takes the total funds raised in the seed funding round to $3 in 2023, Cautio offers cost-effective video telematics products and tailored solutions aimed at mitigating road safety issues, including women's safety, improving driver conduct and accountability, and more.'About 50% of our new funding is going to be invested towards R&D technology and identifying better hardware, enhancing the AI software, and scaling up the presence,' said Ankit Acharya, cofounder and chief executive.'This fresh investment allows us to strengthen our technology, grow our team, and expand our deployment footprint to ensure road safety becomes the norm, not the exception,' said Pranjal Nadhani, cofounder and uses customisable dash cam devices and an artificial intelligence (AI)-powered operating system for its road safety solutions . 'We have spent a lot of time and effort to get the dash cam devices designed in such a way that they understand Indian road conditions and Indian drivers,' Acharya told Cautio has a ground presence in 50 cities in India through its customers, which include ride-hailing companies, ambulances, educational institutions, passenger vehicles, and fleet vehicles.'Combining AI with infrastructure, they (Cautio founders) are taking a practical yet innovative approach. This is where Dalal Street's discipline meets Innovation Street's disruption. Excited to partner with them in their mission to make Indian roads safer,' Amal Parikh said in a prepared was founded by Acharya, a former senior executive at ride-hailing firm Namma Yatri, and Pranjal Nadhani, a former senior engineer at Dream11 and Urban July 2024, Cautio had raised Rs 6.5 crore (a little over $700K) in a pre-seed funding round led by Antler, 8i Ventures, and AU Small Finance Bank. The recent funding brings the total amount raised by the company to over $3.6 million.
Mint
a few seconds ago
- Mint
Sri Lotus Developers IPO listing date today. GMP, experts indicate decent Dalal Street debut
Sri Lotus Developers Listing: The equity shares of Sri Lotus Developers and Realty Ltd are set to get listed in the Indian stock market today. The company's initial public offering (IPO) ended on August 1 with strong subscription. The public offer was open from July 30 to August 1, and the IPO allotment was finalised on August 4. Sri Lotus Developers IPO listing date is today, August 6, Wednesday. 'Trading Members of the Exchange are hereby informed that effective from Wednesday, August 6, 2025, the equity shares of Sri Lotus Developers and Realty Limited shall be listed and admitted to dealings on the Exchange in the list of 'B' Group of Securities,' said a notice on the BSE. Sri Lotus Developers shares will be a part of Special Pre-open Session (SPOS) on Wednesday, August 6, 2025, it added, and the stock will be available for trading from 10:00 AM. Ahead of Sri Lotus Developers IPO listing today, investors watch out for the trends in the grey market premium (GMP). Sri Lotus Developers IPO GMP today and analysts indicate listing at a decent premium. Here's a look at Sri Lotus Developers IPO GMP today ahead of share listing. Sri Lotus Developers shares are witnessing a positive trend in the unlisted market with a decent grey market premium (GMP). Sri Lotus Developers IPO GMP today is ₹ 30 per share, market observers said. This means that in the grey market, Sri Lotus Developers shares are trading higher by ₹ 30 than their issue price. Sri Lotus Developers IPO GMP today signals that the estimated listing price of Sri Lotus Developers shares would be ₹ 180 apiece, which is at a 20% premium to the IPO price of ₹ 150 per share. Harshal Dasani Business Head, INVasset PMS said that Sri Lotus Developers IPO saw exceptional demand which speaks to strong institutional conviction in its luxury real estate model, especially within Mumbai's high-value redevelopment segment. 'At ₹ 150 per share, the IPO values the company attractively based on trailing earnings, and the grey market premium of ~ ₹ 40 points to strong listing potential. Overall, while macro risks remain, Sri Lotus has the fundamentals and demand visibility to justify the hype. It may well surprise on listing day — both in pricing and participation,' said Dasani. The public offer was open from July 30 to August 1, and the IPO allotment was fixed on August 4. Sri Lotus Developers IPO listing date is today, August 6. Sri Lotus Developers shares will be listed on BSE and NSE. Sri Lotus Developers IPO price band was set at ₹ 140 to ₹ 150 per share. The company raised ₹ 792 crore from the IPO which was entirely a fresh issue of 5.28 crore equity shares. The public issue was subscribed 69.14 times in total, 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.
