Sri Lotus Developers and Realty IPO
Sri Lotus Developers and Realty Limited (LOTUSDEV) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 06 August 2025.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +38.6% (likely range +29% to +74%), day's high +51.8%, chance of a gain 92%. Actual: +18.7% at the open, +30.5% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 1,12,85,714 | 1,84,97,37,200 | 164x | |
| NII (HNI) total | 84,64,286 | 48,84,88,300 | 57.7x | |
| Big NII (above ₹10 lakh) | 56,42,858 | 31,14,07,400 | 55.2x | |
| Small NII (₹2-10 lakh) | 28,21,428 | 17,70,80,900 | 62.8x | |
| Retail | 1,97,50,000 | 40,04,95,100 | 20.3x | |
| Employees | 1,58,730 | 31,48,800 | 19.8x | |
| Total | 3,96,58,730 | 2,74,18,69,400 | 69.1x |
Bids on NSE and BSE together, as published by NSE, as of 01 Aug 2025, 07:00 PM. Shares offered exclude the anchor portion. 12% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Sri Lotus Developers and Realty's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Harsha Engineers InternationalSep 2022 | 178x | 71.3x | 17.6x | 74.7x | ₹794 Cr | +36.4% | +59.9% |
| Ecos (India) Mobility & HospitalityAug 2024 | 137x | 71.2x | 19.8x | 64.3x | ₹601 Cr | +16.8% | +36.5% |
| P N Gadgil JewellersSep 2024 | 137x | 56.1x | 16.6x | 59.4x | ₹1,158 Cr | +72.9% | +76.7% |
| Transrail LightingDec 2024 | 201x | 76.4x | 22.1x | 80.8x | ₹843 Cr | +36.6% | +40.0% |
| IKIO LightingJun 2023 | 164x | 63.4x | 13.9x | 66.3x | ₹615 Cr | +37.7% | +50.0% |
| INOX IndiaDec 2023 | 148x | 53.2x | 15.3x | 61.3x | ₹1,459 Cr | +43.9% | +50.0% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Monarch Networth Capital | 6 | +23.6% | 67% |
| Motilal Oswal Investment Advisors | 47 | +15.0% | 72% |
Offer documents (NSE)
Frequently asked
What is the Sri Lotus Developers and Realty IPO price band and lot size? ₹140–150 per share, with a lot of 100 shares, so the smallest retail bid is ₹15,000.
How many times has it been subscribed? 69.1x overall: QIB 164x, NII 57.7x, retail 20.3x, employees 19.8x.
How did it list? It opened at ₹178, +18.7% against the issue price of ₹150, and closed its first day +30.4%.
