The IPO of Sri Lotus Developers & Realty Ltd. has wrapped up its highly anticipated allotment process after drawing extraordinary investor attention in July and August 2025. With the finalisation of allotment status on August 4, the spotlight is now on who got the coveted shares and what to expect as the listing date approaches. Let’s break down everything you need to know about checking your Sri Lotus Developers IPO allotment status, category-wise demand, key dates, and latest market talk.
IPO Subscription Overview: Strong Market Demand
Sri Lotus Developers & Realty Ltd., a luxury and ultra-luxury real estate developer focused on Mumbai’s prime western suburbs, opened its ₹792 crore IPO from July 30 to August 1, 2025. The issue was set at a price band of ₹140–₹150 per share, with a minimum lot size of 100 shares (₹14,000 minimum investment for retail applicants).
Final Subscription Figures:
- Total Subscription: 74.10 times
- Qualified Institutional Buyers (QIB): 175.61x
- Non-Institutional Investors (NII): 61.82x
- Retail Investors (RII): 21.77x
This exceptional oversubscription led to a highly competitive allotment process, particularly for retail applicants.
Allotment Finalised: How to Check Your Status
The allotment status was finalised on August 4, 2025. Here’s how you can easily check if you’ve been allotted shares:
1. KFin Technologies Registrar Website
- Visit the official registrar’s page: KFin IPO Allotment Status
- Choose ‘Sri Lotus Developers & Realty Ltd.’ from the dropdown
- Enter your PAN, Application No., or DP Client ID
- Submit the security captcha and hit search
2. BSE Website
- Go to BSE IPO Allotment page
- Select ‘Equity’ as the issue type and ‘Sri Lotus Developers’ from the dropdown
- Enter your application details and PAN
- Search to view your allotment result
3. NSE Website
- Use the “Verify IPO Bids” portal on NSE’s official website
- Select ‘LOTUSDEV’ as IPO symbol, then enter PAN and Application Number to check status
4. Bank Account/SMS
- Applicants can also check their bank statement or alert SMS. If shares are allotted, the IPO amount will be debited; if not, funds will be unblocked/refunded by August 5, 2025.
Important Post-Allotment Dates
| Event | Date |
|---|---|
| Allotment finalisation | Aug 4, 2025 |
| Refund/unblock | Aug 5, 2025 |
| Shares credited to demat | Aug 5, 2025 |
| Listing date | Aug 6, 2025 |
Grey Market Premium & Listing Expectations
As of August 4, the Sri Lotus Developers IPO is commanding a grey market premium (GMP) of around ₹36–₹38 per share. This signals an expected listing price near ₹187 (against an issue price of ₹150)—hinting at gains of approximately 24–26% on debut. While GMP is a helpful indicator of unofficial sentiment, remember that real trading may differ once the shares list on BSE and NSE on August 6, 2025.
Snapshot: Company Highlights
- Business: High-end and ultra-luxury residential and commercial redevelopment in Mumbai’s Bandra, Khar, Santacruz, and Juhu.
- Track record: 4 completed projects, 6 ongoing, 11 in pipeline; units priced from ₹3 crore upwards.
- IPO Type: 100% fresh issue; proceeds used for ongoing development and general corporate purposes.
What Should Investors Do Next?
Whether or not you received an allotment, stay alert for official communications from your bank and KFin Technologies. Successful applicants will see shares in their demat accounts by August 5, while refunds will be processed for others. Watch the listing closely on August 6, as strong listing gains are anticipated.