Mumbai, Aug. 4 -- The initial public offer of Sri Lotus Developers and Realty received bids for 2,74,18,69,400 shares as against 3,96,58,730 shares on offer. The issue was subscribed 69.14 times.

The Qualified Institutional Buyers (QIBs) category was subscribed 163.90 times. The Non-Institutional Investors (NIIs) category was subscribed 57.71 times. The Retail Individual Investors (RIIs) category was subscribed 20.28 times.

The issue opened for bidding on 30 July 2025 and it closed on 1 August 2025. The price band of the IPO is fixed between Rs 140 and 150 per share.

The offer comprised a fresh issue of equity shares worth up to Rs 792 crore. Of the net proceeds, the company intends to invest Rs 550 crore in its subsidiaries-Richfeel R...