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Sri Lotus Developers IPO GMP: Its grey market premium currently stands at 24.67%, indicating strong listing gains for investors.
Sri Lotus Developers IPO GMP Today.
Sri Lotus Developers IPO Allotment Status and Latest GMP: The basis of allotment of the Sri Lotus Developers IPO is expected to be finalised today, August 4, in the evening. Once finalised, investors can check their allotment status on the websites of registrar Kfin Technologies as well as exchanges BSE and NSE. They will also receive a bank debit/ unblock SMS.
Also Read: JSW Cement IPO Price Band Fixed: Opening Date, GMP, Lot Size; Everything You Need To Know
The IPO was open between July 30 and August 1. On the final day of bidding on Friday, the issue received a 74.10 times subscription, garnering bids for 2,74,25,55,800 shares as against the 3,70,13,726 shares on offer. The retail and NII participation stood at 21.77x and 61.82x, respectively. The QIB category has received a 175.61x subscription.
Sri Lotus Developers IPO: A Step-By-Step Guide To Check Allotment Status
Option 1: Kfin Technologies (Registrar) Website
Kfin Technologies is the registrar for the Sri Lotus Developers IPO. Follow these steps to check your allotment status:
Visit the Registrar’s Website: Go to the Kfin Technologies’ portal at https://ipostatus.kfintech.com/.
Select the IPO: From the dropdown menu, choose ‘Sri Lotus Developers Limited’. Note that the IPO name will only appear once the allotment is finalised.
Choose an Identification Mode: Select one of the following options to check your status:
- Application Number
- Demat Account Number (DP ID/Client ID)
- PAN ID
Enter Details: Input the details corresponding to the selected mode (e.g., your PAN, application number, or Demat account details).
Complete CAPTCHA: Fill in the CAPTCHA for security verification and click ‘Submit’ to view your allotment status. The status will show whether shares were allotted and, if so, how many.
Option 2: Check Allotment Status on BSE Website
You can also check the allotment status on the BSE website. Here’s how:
Visit the BSE IPO Page: Go to https://www.bseindia.com/investors/appli_check.aspx.
Select Issue Type: Choose “Equity” as the issue type.
Select IPO: From the dropdown menu, select ‘Sri Lotus Developers Limited’.
Enter Details: Provide your Application Number or PAN.
Complete CAPTCHA: Tick the “I’m not a robot” CAPTCHA and click “Search” to view your allotment status.
Sri Lotus Developers IPO GMP Today
According to market observers, unlisted shares of Sri Lotus Developers Ltd are currently trading at Rs 187 against the upper IPO price of Rs 150. It means a grey market premium or GMP of Rs 37, which is 24.67% over its issue price.
The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
Sri Lotus Developers IPO More Info
The price band of the mainboard IPO, which plans to raise Rs 792 crore, has been fixed at Rs 150 apiece.
The IPO is entirely a fresh issue of shares worth Rs 792 crore with no Offer For Sale (OFS) component.
Proceeds from the fresh issue will be used for investment in its subsidiaries, Richfeel Real Estate Pvt Ltd, Dhyan Projects Pvt Ltd and Tryksha Real Estate Pvt Ltd for part-funding the development and construction cost of its ongoing projects, Amalfi, The Arcadian and Varun, respectively; besides, a portion will be used for general corporate purposes.
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.
Monarch Networth Capital and Motilal Oswal Investment Advisors are the book-running lead managers of the public issue.
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h…Read More
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h… Read More
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