Sri Lotus Developers IPO Allotment: Know How To Check Status On NSE, Latest GMP And Other Details

Sri Lotus Developers IPO (Sri Lotus Developers) closed with a subscription of 69.14 times on August 1. Following the closure of the bidding window, Sri Lotus Developers' IPO share allotment status is expected to be decided today, on August 4. Here are some key details related to Sri Lotus Developers IPO, the latest GMP and the steps which applicants can follow to check their share allotment status:

Sri Lotus Developers IPO Allotment

Sri Lotus Developers IPO applicants can check their share allotment status on the Kfin Technologies Ltd website. Investors can also check Sri Lotus Developers' IPO allotment on the BSE and NSE websites.

Steps To Check Sri Lotus Developers IPO Allotment

• Head to the NSE's page for bid verification using this link https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids

• Select the 'Equity & SME IPO bid details' option from the list

• Choose 'Sri Lotus Developers' from the dropdown list shown on screen

• Input your IPO application number and PAN card details

• Click on the 'submit' button

• The status of your application will be displayed

Steps To Check Sri Lotus Developers IPO Allotment Status On BSE

• Head to BSE's dedicated page for viewing IPO application status using this link

• https://bseindia.com/investors/appli_check.aspx.

• An issue type menu will be shown on screen

• Choose 'Equity' from the menu shown on screen

• Choose 'Sri Lotus Developers' from the list of IPOs

• Input your IPO application number or PAN details

• Select 'Search'

• The allotment status of your share application will be shown on the screen

Steps To Check Sri Lotus Developers IPO Allotment Status On Registrar Website

• Head to the Kfintech website via this link

• https://ris.kfintech.com/ipostatus

• Select 'Sri Lotus Developers & Realty Ltd' from the menu shown on screen

• Input either your PAN details, your Application Number, or DP Client ID

• Click on 'Submit' to

• Your share allotment status will be displayed on the screen

Sri Lotus Developers IPO GMP

Sri Lotus Developers GMP remained around Rs 37 at the time of writing the story, as per websites which track grey market activities. Sri Lotus Developers IPO price band ranges between Rs 140 and Rs 150. At the higher end of the price band Sri Lotus Developers' unlisted shares are quoting a grey market price of Rs 187 per share (Rs 150 + Rs 37), indicating a robust listing at a premium of more than 24 per cent.

Sri Lotus Developers IPO Details

Sri Lotus Developers aims to raise Rs 792 crore through its public issue, which consists of 5.28 crore shares. The Sri Lotus Developers IPO issue price was set between Rs 140 and Rs 150 per share. The minimum application size for retail investors is one lot or 100 shares, aggregating to an investment of Rs 15,000.

Sri Lotus Developers IPO Subscription Details

Sri Lotus Developers IPO has been booked 69.14 times on August 1, at the time of writing investors across categories applied for 2741.9 million shares compared to the 39.65 shares offered for subscription.

Sri Lotus Developers' IPO's retail portion was subscribed 20.28 times as investors placed bids for over 400.5 million shares against the 19.75 million shares set aside for the category.

Non-Institutional Investors (NIIs) placed bids for over 488.49 million shares against the 84.64 lakh shares set aside for the category, leading to a subscription of 57.71 times. The Qualified Institutional Buyers (QIBs) booked their quota 163.9 times. The QIBs applied for more than 1849.7 million shares against 11.28 million shares reserved for them.

Employees of the company subscribed to their quota 19.84 times as they applied for over 31.48 lakh shares compared to the 1.58 lakh shares set aside for them.

Sri Lotus Developers IPO Listing date

Subsequent to the finalisation of the share allotment status of the Sri Lotus Developers IPO, refunds will be initiated for unsuccessful applicants on August 5. Successful applicants will receive shares of Sri Lotus Developers Ltd in their demat accounts of August 5 as well. Shares of the realty company will debut on the NSE and BSE. The Sri Lotus Developers shares will make their Dalal Street debut on August 6.

Sri Lotus Developers IPO: Objective

Sri Lotus Developers seeks to use Rs 550 from the proceeds of the public issue for investing in its subsidiaries. The realty company will also use a part of the proceeds for general corporate purposes.