Introduction:
The much-awaited Initial Public Offering (IPO) of Sri Lotus Developers and Realty Limited (LOTUSDEV) opened for public subscription on July 30, 2025, and will close on August 1, 2025. With a fresh issue worth ₹7,920 million and anchor investor support already in place for over 1.57 crore shares, this real estate-focused IPO has garnered significant interest. Priced in a competitive range of ₹140 to ₹150 per share, the IPO aims to leverage India’s growing urbanization and real estate boom. Here’s an in-depth look into the offer details, application process using UPI/ASBA, and key takeaways for retail, QIB, and NII investors.
LOTUSDEV IPO: Price Band, Lot Size, and Category-Wise Details
The IPO is a 100% book building issue consisting entirely of a Fresh Issue. Notably, this IPO does not include an Offer for Sale (OFS), which signals that all proceeds will go toward business expansion, debt reduction, or operational needs—often seen as a positive sign by analysts.
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Caption: LOTUSDEV IPO snapshot showing issue size, price range, and investor limits.
✅ Key Offer Details:
- Issue Size: ₹7,920 million
- Price Range: ₹140 to ₹150 per equity share
- Discount: ₹14 per share for eligible employees
- Face Value: ₹1 per equity share
- Bid Lot: 100 shares and in multiples thereof
- Minimum Order Quantity: 100 equity shares
- Tick Size: Re.1
The IPO market timings are from 10:00 a.m. to 5:00 p.m., across all days of the subscription period.
✅ Category-Wise Application Limits:
- Retail Investors: Max ₹2,00,000
- Eligible Employees: Max ₹5,00,000
- QIB Investors: Up to 3,95,00,000 shares (lower price band)
- NII Investors: Up to 2,82,14,200 shares (lower price band)
Lead managers for the IPO are Monarch Networth Capital Limited and Motilal Oswal Investment Advisors Limited. KFin Technologies Limited is acting as the registrar.
Mandatory UPI-ASBA Based Application: SEBI Guidelines in Force
In line with SEBI’s mandate, all investors must apply through the ASBA (Application Supported by Blocked Amount) facility. For retail and employee investors, UPI-based payment is now mandatory.
🔔 Important Cut-Off:
- UPI Mandate Deadline: August 1, 2025, 5:00 PM
- Only applications where mandate status is “RC100” (funds blocked) before this cut-off will be valid.
🔑 SEBI Circular Reminder:
As per SEBI circular SEBI/HO/CFD/DIL2/CIR/P/2019/76, dated June 28, 2019:
“Intermediaries must retain physical application forms for six months (for UPI-based payments). However, for electronic forms, retaining printouts is not required. Electronic records should be maintained for at least 3 years.”
This ensures transparency, auditability, and a seamless digital trail.
Demand Outlook: Real Estate Momentum + Strong Anchor Backing
With a growing focus on Tier 1 and Tier 2 urban development, Sri Lotus Developers is well-positioned to ride the wave of real estate expansion in India. The real estate sector has witnessed a post-pandemic revival, driven by low interest rates, housing demand, and infrastructure projects.
Analysts are positive on the IPO’s timing, especially considering:
- Full Fresh Issue (no promoter sell-off)
- Strong Anchor Book allocation for 1.57 crore shares
- Affordable price band and employee discount
- Sector growth tailwinds in urban development and housing-
Investors may track subscription status in real-time on NSE/BSE IPO portals under the “Demand Graph” and “Bid Details” tabs.
Step-by-Step Guide: How to Apply for LOTUSDEV IPO Using UPI/ASBA
Here’s how you can invest in the LOTUSDEV IPO before the window closes:
✅ Through UPI-Linked Broker Platforms:
- Log in to your app (Zerodha, Groww, Upstox, Angel One, etc.)
- Go to IPO section → Select “LOTUSDEV IPO”
- Choose investor type: IND (Retail) or EMP (Eligible Employee)
- Enter number of lots (100 shares per lot) and bid at cut-off price
- Enter UPI ID linked with your bank account
- Approve mandate in your UPI app immediately after submitting
- Check status via broker/NSE platform (look for RC100 confirmation)
✅ Through Net Banking (ASBA):
- Login to your Net Banking portal (ICICI, HDFC, SBI, etc.)
- Click on “IPO” or “ASBA Services”
- Fill in required details for LOTUSDEV IPO
- Submit and verify — funds will be blocked automatically
- Track your application from bank or registrar dashboard
Expert Verdict: Should You Invest in LOTUSDEV IPO?
Sri Lotus Developers and Realty Ltd brings forward a strong growth proposition with a focus on leveraging India’s real estate potential. With no OFS, investors can be reassured that IPO proceeds will directly support growth initiatives such as land acquisition, project development, and infrastructure expansion.
👍 Why You Might Consider Subscribing:
- 100% Fresh Issue – No promoter exit
- Priced attractively for the segment
- Favorable macro trend: Urban development push
- Strong anchor investor backing
- ₹14 discount for employees
- Reasonable lot size for retail investors
👎 Risks to Consider:
- Real estate sector is cyclical and interest rate sensitive
- IPO market sentiment can fluctuate near listing
- Depends on execution capability and upcoming project success
Final call? For moderate to long-term investors with appetite for real estate and infrastructure plays, LOTUSDEV IPO could offer value. However, those looking for quick listing gains should wait for Day 2–3 subscription numbers for better clarity.
✅ Useful Links for Investors:
- 🔗 Download Red Herring Prospectus
- 🔗 Anchor Allocation Report
- 🔗 Sample Application Forms
- 🔗 UPI Based ASBA Video
- 🔗 List of UPI-Supported Mobile Apps
- 🔗 SEBI Circular on ASBA Guidelines
Disclaimer:
This article is for informational purposes only and does not constitute investment advice. Investors are encouraged to consult certified financial advisors before making any IPO investment decisions.
