Mumbai, July 30 -- The initial public offer of Sri Lotus Developers and Realty received bids for 14,23,86,800 shares as against 3,96,58,730 shares on offer, according to stock exchange data at 17:00 IST on Wednesday (30 July 2025). The issue was subscribed 3.59 times.

The issue opened for bidding on 30 July 2025 and it will close on 1 August 2025. The price band of the IPO is fixed between Rs 140 and 150 per share. An investor can bid for a minimum of 100 equity shares and in multiples thereof.

The offer comprises 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 Real Estate, Dhyan Projects, and Tryksha Real Estate-to partially fund the d...