Investors who participated in the Sri Lotus Developers IPO can now check their allotment status as the allotment process is scheduled for today. The IPO had garnered a massive response, with a total subscription of 74.10 times, indicating strong investor interest across all categories.
IPO Details: Oversubscribed 74.10 Times
The IPO was open for subscription for three days, and during this period, it received an overwhelming response. Here’s a quick recap:
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Subscription Status: 74.10x overall
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Investor Response: Strong across all segments
Such high subscription numbers reflect positive market sentiment and confidence in the company’s business prospects.
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How to Check IPO Allotment Status
To check if you’ve received the allotment, follow these simple steps:
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Visit the official website of the IPO registrar (like Bigshare Services or Link Intime, depending on the registrar).
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Click on the ‘IPO Allotment Status’ link.
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Select Sri Lotus Developers from the dropdown.
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Enter your PAN number, Application number, or DP ID/Client ID.
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Click on ‘Search’ to view your allotment status.
Allotment updates may take time to reflect—check periodically if the status isn’t visible immediately.
Grey Market Premium (GMP) & Listing Expectations
The Grey Market Premium (GMP) for Sri Lotus Developers IPO has shown some movement recently, reflecting investor expectations about the listing gains. While GMP figures change regularly, current indications suggest positive listing expectations.
The listing date is expected within the next few days on the NSE SME platform, though the exact date will be confirmed soon.
What’s Next for Investors?
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If you’re allotted shares, they will be credited to your Demat account before the listing day.
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If not allotted, your refund will be processed automatically to your bank account linked with the IPO application.
Click here to explore: SriLotus Developer IPO
