Tag: Sri Lotus Developers IPO

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Sri Lotus Developers’ Q1 FY26 Profit Falls 36% to ₹26 Crore

NEW DELHI: Sri Lotus Developers and Realty Ltd experienced a 36% drop in consolidated net profit, reporting Rs 25.78 crore for the first quarter of this fiscal year. This is a decline from Rs 40.16 crore during the same period last year. The company’s total income decreased to Rs 68.09 crore in the April-June quarter, down from Rs 122.46 crore in the same quarter last fiscal year, as per a regulatory filing on Tuesday. Earlier this month, Sri Lotus Developers and Realty Ltd successfully launched its Initial Public Offering (IPO) and was listed on the stock exchanges. Published On Aug…

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Sri Lotus Developers’ Stock Soars 31% on Debut

NEW DELHI: Shares of Sri Lotus Developers and Realty, supported by renowned investor Ashish Kacholia, ended their first trading day with a remarkable rise of over 31% compared to the issue price of Rs 150 on Wednesday. The stock debuted at Rs 179.10, reflecting a 19.4% increase from the issue price on the BSE. Throughout the day, shares soared by 31.3%, reaching a peak of Rs 197 each. Shares eventually settled at Rs 196.85, up 31.23%. On the NSE, the stock opened at Rs 178, marking an 18.67% rise. It eventually closed at Rs 195.80, a 30.53% increase, which is…

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Sri Lotus Developers IPO Oversubscribed 69.14x

NEW DELHI: The initial public offering (IPO) of Sri Lotus Developers and Realty Ltd, featuring prominent Bollywood figures and notable investor Ashish Kacholia, was oversubscribed 69.14 times by the close of bidding on Friday. According to NSE data, the IPO received bids for 2,74,18,69,400 shares against an available 3,96,58,730 shares. The segment for qualified institutional buyers (QIBs) was particularly robust, with a subscription of 163.90 times, while non-institutional investors saw a subscription rate of 57.71 times. Retail individual investors (RIIs) contributed a subscription rate of 20.28 times. Sri Lotus Developers secured Rs 237 crore from institutional investors on Tuesday. The…

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Sri Lotus Developers IPO Secures 10.34x Subscription on Day 2

NEW DELHI: The initial public offering (IPO) of Sri Lotus Developers and Realty Ltd, a real estate firm backed by Bollywood celebrities and investor Ashish Kacholia, has been subscribed 10.34 times as of Thursday, the second day of bidding. According to data from the NSE, the offering received bids for 40,99,20,100 shares versus the 3,96,58,730 shares available. The non-institutional investor category was subscribed 15.95 times, while the segment for Retail Individual Investors (RIIs) saw an 8.89 times subscription rate. Meanwhile, the Qualified Institutional Buyers (QIBs) portion was subscribed 8.69 times. Earlier this week, Sri Lotus Developers secured Rs 237 crore…

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Sri Lotus Developers IPO Sees 3.59x Subscription on Day 1

NEW DELHI: Sri Lotus Developers and Realty Ltd, a real estate firm supported by Bollywood celebrities and prominent investor Ashish Kacholia, witnessed strong demand for its initial public offering (IPO), which was subscribed 3.59 times on its opening day of bidding on Wednesday. According to the National Stock Exchange (NSE), the IPO received bids for 14.23 crore (142,386,800) equity shares, surpassing the 3.96 crore (39,658,730) equity shares available. The Qualified Institutional Buyers (QIB) segment was particularly strong, achieving 5.31 times subscription, while the non-institutional investors’ allocation was subscribed 3.10 times. The Retail Individual Investors (RIIs) portion received bids 2.82 times…

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Sri Lotus Developers’ IPO Opens July 30, Priced at ₹140-₹150

NEW DELHI: Sri Lotus Developers and Realty has established a price range of ₹140 to ₹150 per equity share of face value ₹1 for its initial public offering (IPO). The IPO is set to open for subscription on July 30, 2025, and will close on August 1, 2025. Investors can bid for a minimum of 100 equity shares, with options to bid in multiples of 100 shares thereafter. A discount of ₹14 per share is available for eligible employees participating in the employee reservation segment. The IPO consists entirely of a fresh issue of shares up to ₹792 crore, with…