Latest news with #SriLotusDevelopersandRealty
Time of India
2 days ago
- Business
- Time of India
Sri Lotus Developers and Realty stock rallies over 31% in debut trade
NEW DELHI: Shares of Sri Lotus Developers and Realty , backed by renowned investor Ashish Kacholia , closed the first day of trade with a premium of more than 31 per cent against the issue price of Rs 150 on Wednesday. The stock listed at Rs 179.10, up by 19.4 per cent from the issue price on the BSE. During the day, the shares of Sri Lotus Developers and Realty surged 31.3 per cent to hit a high of Rs 197 apiece. Later, shares settled at Rs 196.85, up 31.23 per cent. On the NSE, the stock climbed 18.67 per cent to Rs 178 in the initial trade. Later, the shares of the company bounced closed at Rs 195.80, up 30.53 per cent, also its upper price band. At the market close, the company's market valuation stood at Rs 9,620.53 crore on the BSE. In volume terms, 9.18 crore equity shares were traded on the NSE while 1.69 crore shares changed hands on the BSE, during the day. The Rs 792 crore Initial Public Offering (IPO) was subscribed 69.14 times on the final day of bidding on Friday. Sri Lotus Developers on Tuesday raised Rs 237 crore from institutional investors. The company has fixed a price band of Rs 140-150 per share for the IPO. The Anand Kamalnayan Pandit-promoted company is a real estate developer engaged in the construction of residential and commercial premises in Mumbai , Maharashtra, with a focus on redevelopment projects in the ultra luxury and luxury segments in the western suburbs.
News18
3 days ago
- Business
- News18
Sri Lotus Developers and Realty stock rallies over 31 pc in debut trade
Agency: Last Updated: August 06, 2025, 19:00 IST Representational image (Image: News18) New Delhi, Aug 6 (PTI) Shares of Sri Lotus Developers and Realty, backed by renowned investor Ashish Kacholia, closed the first day of trade with a premium of more than 31 per cent against the issue price of Rs 150 on Wednesday. The stock listed at Rs 179.10, up by 19.4 per cent from the issue price on the BSE. During the day, the shares of Sri Lotus Developers and Realty surged 31.3 per cent to hit a high of Rs 197 apiece. Later, shares settled at Rs 196.85, up 31.23 per cent. On the NSE, the stock climbed 18.67 per cent to Rs 178 in the initial trade. Later, the shares of the company bounced closed at Rs 195.80, up 30.53 per cent, also its upper price band. At the market close, the company's market valuation stood at Rs 9,620.53 crore on the BSE. In volume terms, 9.18 crore equity shares were traded on the NSE while 1.69 crore shares changed hands on the BSE, during the day. The Rs 792 crore Initial Public Offering (IPO) was subscribed 69.14 times on the final day of bidding on Friday. Swipe Left For Next Video View all Sri Lotus Developers on Tuesday raised Rs 237 crore from institutional investors. The company has fixed a price band of Rs 140-150 per share for the IPO. The Anand Kamalnayan Pandit-promoted company is a real estate developer engaged in the construction of residential and commercial premises in Mumbai, Maharashtra, with a focus on redevelopment projects in the ultra luxury and luxury segments in the western suburbs. PTI HG HG MR (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments News agency-feeds Sri Lotus Developers and Realty stock rallies over 31 pc in debut trade Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy. Read More
Business Standard
4 days ago
- Business
- Business Standard
Sri Lotus Developers and Realty gains on debut
Shares of Sri Lotus Developers and Realty were currently trading at Rs 181.40 at 10:17 IST on the BSE, representing a premium of 20.93% compared with the issue price of Rs 150. The scrip was listed at Rs 179.10, exhibiting a premium of 19.4% to the issue price. So far, the stock has hit a high of Rs 182.95 and a low of Rs 176.60. On the BSE, over 36.56 lakh shares of the company were traded in the counter so far. The initial public offer of Sri Lotus Developers and Realty was subscribed 69.14 times. The issue opened for bidding on 30 July 2025 and it closed on 1 August 2025. The price band of the IPO is fixed between Rs 140 and 150 per share. The offer comprised a fresh issue of equity shares worth up to Rs 792 crore. Of the net proceeds, the company intends to invest Rs 550 crore in its subsidiariesRichfeel Real Estate, Dhyan Projects, and Tryksha Real Estateto partially fund the development and construction of its ongoing projects: Amalfi, The Arcadian, and Varun. The remaining amount will be used for general corporate purposes. Sri Lotus Developers & Realty, promoted by Anand Kamalnayan Pandit, is a Mumbai-based real estate developer focused on ultra-luxury and luxury residential and commercial projects in the western suburbs of the Mumbai Metropolitan Region (MMR). Operating under the Lotus Developers brand, the company has completed four projects with a developable area of 0.93 million sq ft and currently has five ongoing and eleven upcoming projects. With over 24 years of experience, the promoter has developed 3.32 million sq ft across 12 projects through other entities. The company primarily undertakes redevelopment, joint development, and greenfield projects and heavily relies on third-party contractors for construction. Ahead of the IPO, Sri Lotus Developers and Realty, on 29 July 2025, raised Rs 236.99 crore from anchor investors. The board allotted 1.57 crore shares at Rs 150 each to 16 anchor investors. The firm reported a consolidated net profit of Rs 227.41 crore and sales of Rs 549.68 crore for the twelve months ended on 31 March 2025.
Business Standard
5 days ago
- Business
- Business Standard
Sri Lotus Developers and Realty IPO ends with 69.14x subscription
The offer received bids for 274.18 crore shares as against 3.96 crore shares on offer. The initial public offer of Sri Lotus Developers and Realty received bids for 2,74,18,69,400 shares as against 3,96,58,730 shares on offer. The issue was subscribed 69.14 times. The Qualified Institutional Buyers (QIBs) category was subscribed 163.90 times. The Non-Institutional Investors (NIIs) category was subscribed 57.71 times. The Retail Individual Investors (RIIs) category was subscribed 20.28 times. The issue opened for bidding on 30 July 2025 and it closed on 1 August 2025. The price band of the IPO is fixed between Rs 140 and 150 per share. The offer comprised a fresh issue of equity shares worth up to Rs 792 crore. Of the net proceeds, the company intends to invest Rs 550 crore in its subsidiariesRichfeel Real Estate, Dhyan Projects, and Tryksha Real Estateto partially fund the development and construction of its ongoing projects: Amalfi, The Arcadian, and Varun. The remaining amount will be used for general corporate purposes. Sri Lotus Developers & Realty, promoted by Anand Kamalnayan Pandit, is a Mumbai-based real estate developer focused on ultra-luxury and luxury residential and commercial projects in the western suburbs of the Mumbai Metropolitan Region (MMR). Operating under the Lotus Developers brand, the company has completed four projects with a developable area of 0.93 million sq ft and currently has five ongoing and eleven upcoming projects. With over 24 years of experience, the promoter has developed 3.32 million sq ft across 12 projects through other entities. The company primarily undertakes redevelopment, joint development, and greenfield projects and heavily relies on third-party contractors for construction. Ahead of the IPO, Sri Lotus Developers and Realty, on 29 July 2025, raised Rs 236.99 crore from anchor investors. The board allotted 1.57 crore shares at Rs 150 each to 16 anchor investors. The firm reported a consolidated net profit of Rs 227.41 crore and sales of Rs 549.68 crore for the twelve months ended on 31 March 2025.
Economic Times
6 days ago
- Business
- Economic Times
Sri Lotus Developers IPO allotment: Here's how to check status as GMP stays firm
Allotment for Sri Lotus Developers IPO is expected today. The IPO was oversubscribed by 74.1 times. 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. Tired of too many ads? Remove Ads How to check Sri Lotus Developers IPO allotment status Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads 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 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 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 KFin Technologies (Registrar):Go to 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 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 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.
