Sri Lotus Developers’ IPO Receives Blockbuster Response, Subscribed 74x, Outshining Peers
The initial public offering (IPO) of Sri Lotus Developers has garnered an overwhelming response from investors, with the issue being subscribed a staggering 74 times, making it one of the most successful listings in the recent real estate IPO landscape. What sets this IPO apart is the extraordinary demand from institutional investors. 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. A Sharp Contrast with Other Real Estate Peers Sri Lotus Developers’ IPO performance stands in stark contrast to recent real estate sector IPOs, many of which witnessed muted or modest interest: ● Kalpataru Projects International’s IPO was subscribed just 2 times overall, with QIB subscribed 3 times ● Rustomjee Group’s Keystone Realtors saw a total subscription of 2 times, with the QIB segment subscribed 4 times. ● Macrotech Developers (Lodh...