Sri Lotus Developers IPO oversubscribed ~74×, outpacing peers in real estate

Sri Lotus Developers IPO subscription status: Bidding for the initial public offering (IPO) of Sri Lotus Developers Ltd ended on Friday, and focus has now shifted to the Sri Lotus Developers IPO allotment date, which can be announced either today or on Monday next week. The public issue received a strong response from the Indian primary market investors as it had been subscribed to around 74 times.Comparing the Sri Lotus Developers IPO subscription status with recently listed peers of the realty company, the Sri Lotus Developers IPO is far ahead of them.

The extraordinary demand from institutional investors sets this Sri Lotus Developers IPO apart. The Qualified Institutional Buyers (QIB) category alone saw an oversubscription of 175 times, reflecting strong institutional confidence in the company’s business fundamentals, project pipeline, and market positioning.