The Sri Lotus Developers IPO represents a bookbuilding effort amounting to ₹792.00 crores. This issue consists entirely of a new offering of 5.28 crore shares.
The subscription period for the Sri Lotus Developers IPO commences on July 30, 2025, and concludes on August 1, 2025. The allotment for this IPO is anticipated to be finalized on Monday, August 4, 2025. Furthermore, the Sri Lotus Developers IPO is scheduled to be listed on the BSE and NSE, with a provisional listing date set for Wednesday, August 6, 2025.
The price band for the Sri Lotus Developers IPO is established between ₹140 and ₹150 per share. The application lot size is 100 shares. Retail investors are required to make a minimum investment of ₹14,000 (for 100 shares). For small and medium-sized non-institutional investors (sNII), the lot size investment is 14 lots (1,400 shares), totaling ₹2,10,000, while for large non-institutional investors (bNII), it is 67 lots (6,700 shares), amounting to ₹10,05,000.
Motilal Oswal Investment Advisors Limited serves as the book-running lead manager for the Sri Lotus Developers IPO, whereas Kfin Technologies Limited acts as the registrar for this issue.
Sri Lotus Developers IPO Details
| IPO Date | July 30, 2025 to August 1, 2025 |
| Listing Date | [.] |
| Face Value | ₹1 per share |
| Issue Price Band | ₹140 to ₹150 per share |
| Lot Size | 100 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 5,28,00,000 shares (aggregating up to ₹792.00 Cr) |
| Employee Discount | ₹14.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 43,59,09,986 shares |
| Share Holding Post Issue | 48,87,09,986 shares |
Sri Lotus Developers IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net Issue |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII Shares Offered | Not less than 15.00% of the Net Issue |
Investor Category Reservations
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Up to Rs 5 Lakhs | Yes |
| Employee + RII/NII |
| Yes for Employee and RII/NII |
Sri Lotus Developers IPO Timeline (Tentative Schedule)
Sri Lotus Developers IPO opens on July 30, 2025, and closes on August 1, 2025.
| IPO Open Date | Wed, Jul 30, 2025 |
| IPO Close Date | Fri, Aug 1, 2025 |
| Tentative Allotment | Mon, Aug 4, 2025 |
| Initiation of Refunds | Tue, Aug 5, 2025 |
| Credit of Shares to Demat | Tue, Aug 5, 2025 |
| Tentative Listing Date | Wed, Aug 6, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 1, 2025 |
Sri Lotus Developers IPO Lot Size
Investors can bid for a minimum of 100 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 100 | ₹15,000 |
| Retail (Max) | 13 | 1,300 | ₹1,95,000 |
| S-HNI (Min) | 14 | 1,400 | ₹2,10,000 |
| S-HNI (Max) | 66 | 6,600 | ₹9,90,000 |
| B-HNI (Min) | 67 | 6,700 | ₹10,05,000 |
Sri Lotus Developers IPO Promoter Holding
The promoters of the Company are Anand Kamalnayan Pandit, Roopa Anand Pandit and Ashka Anand Pandit.
| Share Holding Pre Issue | 91.78% |
| Share Holding Post Issue | 81.86% |
Sri Lotus Developers & Realty Ltd. Financial Information (Restated Consolidated)
Sri Lotus Developers & Realty Ltd.'s revenue increased by 22% and profit after tax (PAT) rose by 91% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 1,218.60 | 736.81 | 486.23 |
| Revenue | 569.28 | 466.19 | 169.95 |
| Profit After Tax | 227.89 | 119.14 | 16.80 |
| EBITDA | 288.97 | 158.55 | 20.84 |
| Net Worth | 932.44 | 169.56 | 48.36 |
| Reserves and Surplus | 888.93 | 149.60 | 28.32 |
| Total Borrowing | 122.13 | 428.24 | 328.93 |
| Amount in ₹ Crore | |||
Key Performance Indicator (KPI)
The market capitalization of Sri Lotus Developers IPO is ₹7330.65 Cr.
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| ROE | 24.39% |
| ROCE | 27.22% |
| Debt/Equity | 0.13 |
| RoNW | 24.39% |
| PAT Margin | 41.46% |
| EBITDA Margin | 52.57% |
| Price to Book Value | 7.01 |
About Sri Lotus Developers & Realty Ltd.
Founded in February 2015, Sri Lotus Developers and Realty Limited is engaged in the development of residential and commercial properties situated in Mumbai, Maharashtra, with a focus on redevelopment projects in the ultra-luxury and luxury sectors of the western suburbs.
As of June 30, 2025, the company has a developable area of 0.93 million square feet, which includes both residential and commercial properties.
The company's development strategy is primarily aimed at ultra-luxury and luxury residential properties, as well as commercial properties, through the following initiatives:
The construction and development of flats designated as 2BHK and 3BHK, priced between ₹3 crores and ₹7 crores, fall under the "Luxury Residential Segment."
The construction and development of 3BHK and 4BHK units, along with flats and penthouses with more than four bedrooms (4+ BHK), with rental prices exceeding ₹7 crores, are included in the Luxury Residential Segment.
The construction and development of commercial office spaces are categorized under the "Commercial Segment."
As of June 30, 2025, the company has completed four (4) projects, has five (5) ongoing projects, and has eleven (11) upcoming projects.
Competitive Strengths
Strategically positioned in the Ultra Luxury and Luxury residential real estate markets of Mumbai's Western Suburbs, with a strong emphasis on customer needs and a robust project pipeline.
Strong brand recognition enables premium pricing, allowing sales throughout the construction phase.
An asset-light model for project development through development agreements, which helps maintain a high level of cash flow from operating activities.
Comprehensive capabilities and timely project completion.
A seasoned team of promoters and management.