Sri Lotus Developers and Realty promoter Anand Kamalnayan Pandit is selling shares through an offer for sale (OFS) on the stock exchange. Non-retail bidding is on 3 November 2026 and retail bidding on 4 November, at a floor price of ₹240 a share.
An OFS is a quick way for a promoter to sell shares on the exchange. The company does not get the money. The seller does.
Key facts of the Sri Lotus Developers and Realty OFS
| Detail | Non-retail (institutions and HNIs) | Retail |
|---|---|---|
| Bidding day | 3 November 2026 | 4 November 2026 |
| Floor price | ₹240 | ₹240 |
| Base shares offered | 2,14,16,236 | 23,79,582 |
| Extra shares if demand is strong | 45,00,000 | 5,00,000 |
| Base size at floor price | about ₹514 crore | about ₹57 crore |
The seller is the promoter, Anand Kamalnayan Pandit. The exchange symbol is LOTUSDEV. The sale runs on both BSE and NSE.
How the two days work
Non-retail investors bid on 3 November. Retail investors bid on 4 November. Non-retail investors who did not get shares can carry their bids forward to the second day.
The seller tells the exchange after trading hours, by 5 PM on 3 November, whether it will use the extra shares. That extra part is called the green shoe, an option to sell more than the base size when bids are strong.
Why is the promoter selling?
Our OFS page says the promoter is selling to meet the minimum public shareholding rule. Listed companies in India must keep a minimum share of their equity with the public. When promoters hold too much, they sell down through a route like an OFS.
What does a floor price mean?
The floor price is the lowest price at which bids are accepted. Investors can bid at the floor or higher. The final price depends on the bids that come in on the exchange.
Can you bid in this OFS?
Retail investors can bid on the second day through their usual broker app, as in any share purchase. The retail portion is kept apart from the non-retail portion. Each portion is judged on its own bids.
What our data shows
With the extra shares, the non-retail portion can grow to about ₹622 crore at the floor price. Our page shows live bids for each day. It measures demand against the full size, extra shares included, since that is what decides allotment.
What happens next
Check the live bids on the Sri Lotus Developers and Realty non-retail OFS page on 3 November. The retail OFS page opens for bids on 4 November. All current and upcoming sales are on our OFS page. Shares bought in an OFS reach your demat account on the normal settlement cycle for the exchange.
