Kolkata: It is not very often that a company which has had its IPO less just about seven weeks ago is assigned a Buy rating by a major brokerage house with a big upside. This is exactly what Motilal Oswal has done to real estate developer Sri Lotus Developers and Realty, which had its issue in the first week of August. The IPO garnered a subscription level more than 74 times.

According to Motilal Oswal, Sri Lotus Developers and Realty has found an established foothold in society redevelopment space. The financials appear impressive. Presales of the firm surged at a Compounded Annual Growth Rate of 39% between FY22 and FY25. The pipeline of the realty company is so strong that it has been estimated that this pace of growth will accelerate to 129% CAGR between FY25 and FY28. Lotus Develope

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