Sri Lotus Developers IPO allotment: Here’s how to check status as GMP stays firm

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.

How to check Sri Lotus Developers IPO allotment status

Via KFin Technologies (Registrar):

Go to https://ris.kfintech.com/ipostatus

Select “Sri Lotus Developers & Realty Ltd.” from the dropdown menu

Enter your PAN, Application Number, or DP Client ID

Click on “Submit” to view your allotment status

Via BSE website:

Visit https://www.bseindia.com/investors/appli_check.aspx

Select “Equity” and choose “Sri Lotus Developers”

Enter Application Number and PAN

Click “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.