Lotus Developers IPO GMP

Lotus Developers IPO GMP

The Grey Market Premium (GMP) for the Sri Lotus Developers IPO is fluctuating between ₹44 and ₹46 today, July 31, 2025. This indicates a potential listing gain of around 29-30.66% over the IPO's upper price band of ₹150.

Here's a summary of the GMP trends:

• July 31, 2025: ₹44 - ₹46

• July 30, 2025: ₹44

• July 29, 2025: ₹45

• July 28, 2025: ₹34

Factors Contributing to the Rising GMP:

• Strong Financial Performance: The company has demonstrated consistent revenue and profit growth in the past three fiscal years, with revenue increasing from ₹167 crore in FY23 to ₹550 crore in FY25, and PAT margin rising from 10.1% to 41.5% during the same period.

• Celebrity and Influencer Backing: High-profile investors like Amitabh Bachchan, Shah Rukh Khan, and Ashish Kacholia have invested in the company, boosting investor confidence.

• Focus on Luxury Housing: Sri Lotus Developers specializes in ultra-luxury and luxury housing projects in Mumbai's western suburbs, a segment with strong demand.

Sri Lotus Developers IPO is currently open for subscription from July 30, 2025 to August 1, 2025.

About the Company:

• Sri Lotus Developers is a Mumbai-based real estate development company specializing in ultra-luxury and luxury residential and commercial properties.

• They primarily focus on redevelopment projects in Mumbai's western suburbs, operating under an asset-light model.

IPO Details:

• The IPO aims to raise ₹792 crore through a fresh issue of shares.

• The price band is set between ₹140 to ₹150 per share.

• The minimum lot size is 100 shares, requiring a minimum investment of ₹14,000 for retail investors.

IPO Objectives:

• The company plans to use the IPO proceeds to invest in its subsidiaries to support ongoing project development and for general corporate purposes.

• Specific projects mentioned include Amalfi, The Arcadian, and Varun.

Other Important Details:

• The basis of allotment is expected to be finalized around August 4, 2025.

• The tentative listing date on BSE and NSE is August 6, 2025.

• Motilal Oswal Investment Advisors Limited is the book-running lead manager, and Kfin Technologies Limited is the registrar.

Points to Consider:

• The GMP is not an official indicator and is based on market speculation.

• Investment decisions should be based on thorough research and analysis of the company's financials, business model, and the overall market conditions.

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