Description
Allocation of 15,799,999 equity shares to 16 anchor investors at Rs. 150 per share for Sri Lotus Developers IPO.
Summary
Sri Lotus Developers and Realty Limited has allocated 15,799,999 equity shares to 16 anchor investors at Rs. 150 per share (including share premium of Rs. 149) on July 29, 2025. The total allocation amount is Rs. 2,369,999,950. This is part of the company’s proposed IPO comprising a fresh issue of equity shares aggregating up to Rs. 7,920 million.
Key Points
- Total anchor allocation: 15,799,999 equity shares at Rs. 150 per share
- Face value: Re. 1 per equity share
- Share premium: Rs. 149 per equity share
- Total allocation value: Rs. 2,369,999,950
- Number of anchor investors: 16
- Domestic mutual funds received 33.76% of anchor allocation (5,333,500 shares to 3 funds)
- Book Running Lead Managers: Monarch Networth Capital Limited and Motilal Oswal Investment Advisors Limited
Regulatory Changes
No regulatory changes mentioned in this circular.
Compliance Requirements
- IPO Committee finalized allocation in consultation with Book Running Lead Managers
- Allocation disclosed to stock exchanges as per listing requirements
- Proper categorization of domestic vs international anchor investors maintained
Important Dates
- July 29, 2025: IPO Committee meeting and anchor investor allocation finalized
- IPO launch date: Not specified in the circular
Impact Assessment
The anchor investor allocation indicates strong institutional interest in the IPO. With major investors like Tata Mutual Fund, Mahindra Manulife funds, and international investors participating, this provides price discovery support and confidence for the public issue. The allocation to domestic mutual funds (33.76%) meets regulatory requirements and demonstrates local institutional backing.
Impact Justification
IPO allocation announcement affects market participation and price discovery for upcoming public issue