Sign In
By signing in or creating an account, you agree with Associated Broadcasting Company's Terms & Conditions and Privacy Policy.
By signing in or creating an account, you agree with Associated Broadcasting Company's Terms & Conditions and Privacy Policy.
Kolkata: Sri Lotus Developers IPO is floating a bookbuilding issue of Rs 792.00 crore and it consists of only fresh shares which number 5.28 crore. M&B Engineering IPO is also a bookbuilding issue that will raise Rs 650.00 crore through an issue that will offer 0.71 crore fresh shares aggregating to Rs 275.00 crore and an OFS part of 0.97 crore shares to raise Rs 375.00 crore.
Sri Lotus Developers and Realty constructs residential and commercial properties in Mumbai and specialises in ultra-luxury and luxury segments. As on June 30, 2025, it has an area of 9.3 lakh square feet that can be developed into residential and commercial properties.
M&B Engineering manufactures and installs Self-Supported Roofing solutions and Pre-Engineered Buildings. It offers design, engineering, manufacturing, and testing to ensure reliable, safe, and high-performance structures in pre-engineered buildings, structural steel, and steel roofing. It has two manufacturing units in Sanand of Gujarat and Cheyyar in Tamil Nadu. It exports its products to 22 countries including the USA, Brazil, South Africa, Qatar, Sri Lanka, Morocco, Nigeria, Kenya, and Seychelles over the past 15 years.
The Sri Lotus Developers IPO GMP data as recorded by investorgain show an interesting trend. Till July 29, a day before the IPO subscription process opens, the GMP has been on an upward trajectory, signaling investor enthusiasm. The data is -- GMP on July 24: Rs 34, GMP on July 25-27: Rs 32, GMP on July 28-29: Rs 40. The GMP stood at Rs 44 today July 30 (day of IPO opening) morning. It signals a listing gain of 29.33. However, it must be remembered that GMP is an unofficial indicator and it can change with time.
Sri Lotus Developers IPO is designed to raise Rs 792.00 crore. Sri Lotus Developers IPO price band is Rs 140-150. For a retail investor the minimum investible lot consist of 100 shares which requires an application money of Rs 15,000 at the upper end of the price band. The lot size for sNII investors has 1,400 shares, while that for bNII it has 6,700 shares.
The allotment for the Sri Lotus Developers IPO is supposed to be completed on Monday, August 4, while the listing of shares is expected to take place on BSE and NSE on August 6, 2025. Motilal Oswal Investment Advisors is the book-running lead manager of the issue and Kfin Technologies is the registrar.
The M&B Engineering IPO GMP slipped significantly over the past few days. It started out at Rs 65 on July 25 but then declined to Rs 34 on July 29, a day before the IPO opened. It stood at Rs 43 on the morning of July 30, the first day of the IPO opening for bidding. AT this level is signals a listing gain of 11.17%. However, one must remember that GMP is an unofficial indicator and it can change with time and does not guarantee anything.
M&B Engineering IPO price band is Rs 366-385. The minimum lot size for a retail investor has 38 shares for which one has to cough up an application amount of Rs 14,630 at the upper end of the price band. For sNII investors, the minimum lot size has 14 lots or 532 shares, while for a bNII investor, the minimum investible size is 69 lots (or 2,622 shares).
The date of allotment for M&B Engineering IPO shares is August 4, while the listing of shares will take place on BSE and NSE on August 6, 2025. Equirus Capital is the book-running lead manager to the issue while the registrar is MUFG Intime India.
(Disclaimer: (Disclaimer: This article is only meant to provide information. TV9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds, precious metals, commodity, REITs, INVITs, any form of alternative investment instruments and crypto assets.))
