Sri Lotus Developers IPO
Open MainLineCurrent GMP
₹27 (+18.00%)
Price Band
₹ 140 – 150
Lot Size
100
Issue Size
₹792 Cr
Minimum Investment
₹15000 (100 Shares)
Listing Date
06 August 2025
Subscription
69.14x
About the Company
Incorporated in February 2015, Sri Lotus Developers & Realty Limited is a Mumbai-based real estate developer specializing in residential and commercial projects, with a core focus on redevelopment projects in the ultra-luxury and luxury segments across Mumbai’s western suburbs.
Key Highlights:
- Core Focus: Ultra-luxury and luxury housing, particularly in redevelopment projects.
- Project Types:
- Greenfield Projects – built on undeveloped land
- Redevelopment Projects – via agreements with housing societies and owners
- Joint Development Projects – in collaboration with landholders
- Geographical Focus:
- Western suburbs (primary base)
- Expanding into central, southern (e.g., Nepean Sea Road, Prabhadevi), and eastern suburbs (e.g., Ghatkopar) of Mumbai
Product Segments:
- Luxury Residential (₹3–7 Cr): 2BHK and 3BHK flats
- Ultra-Luxury Residential (₹7+ Cr): 3BHK, 4BHK, 4+ BHK flats, and penthouses
- Commercial Segment: Premium office spaces
Current Portfolio (as of Nov 30, 2024):
- Completed Projects: 3
- Ongoing Projects: 6
- Upcoming Projects: 7
- Developable Area: ~0.68 million sq. ft.
Competitive Strengths:
- Strong brand recognition and premium pricing capability
- Asset-light model via development agreements
- Customer-centric approach with in-house design and execution teams
- Technological integration using BIM and VR for design, planning, and customer engagement
- Led by Anand Kamalnayan Pandit, an industry veteran with over 24 years of experience and past development of 3.32 million sq. ft. in Mumbai (via separate entities)
Promoters
- Anand Kamalnayan Pandit
- Roopa Anand Pandit
- Ashka Anand Pandit
Promoters Holding
Holding Pre Issue
91.78%
Holding Post Issue
81.86%
Objects of the Issue
The net proceeds of the Issue are proposed to be utilised for the following objects:
- Investment in our Subsidiaries, Richfeel Real Estate Private Limited, Dhyan Projects Private Limited and Tryksha Real Estate Private Limited for part-funding development and construction cost of our Ongoing Projects, Amalfi, The Arcadian and Varun, respectively
- General corporate purposes.
Address / Contact Info
Sri Lotus Developers & Realty Limited
5th & 6th Floor, Lotus Towe
1 Jai Hind Society, N S Road No. 12/A,
JVPD Scheme, Juhu,
Mumbai, Maharashtra, 400049
Phone: +91 7506283400
Email: investors@lotusdevelopers.com
Website: https://www.lotusdevelopers.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Wednesday, 30 July 2025
IPO Close Date
Friday, 01 August 2025
Basis of Allotment
Monday, 04 August 2025
Initiation of Refunds
Tuesday, 05 August 2025
Credit of Shares to Demat
Tuesday, 05 August 2025
Listing Date
Wednesday, 06 August 2025 — NSE & BSE
Important Dates
Open Date
30 July 2025
Close Date
01 August 2025
Basis Of Allotment
04 August 2025
Listing Date
06 August 2025
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 1218.6 | 736.81 | 486.23 |
| Revenue | 569.28 | 466.19 | 169.95 |
| Profit After Tax | 227.89 | 119.81 | 16.29 |
| Net Worth | 932.44 | 169.56 | 48.36 |
| Reserve & Surplus | 888.93 | 149.6 | 28.32 |
| Total Borrowings | 122.13 | 428.24 | 328.93 |
EPS Pre
0.00%
EPS Post
0.00%
P/E Pre
0.00
P/E (Post Issue)
0.00x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE % | 24.39 | 70.68 | 34.41 |
| ROCE % | 27.22 | 26.28 | 5.29 |
| Debt / Equity | 0.13 | 2.51 | 6.9 |
| RoNW % | 24.39 | 70.68 | 34.41 |
| PbW | 0 | 0 | 0 |
| Pat Margin % | 41.46 | 25.96 | 9.76 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 11285714 | 28.46 | 0 |
| Non-Institutional | 8464286 | 21.34 | 0 |
| BNII | 5642858 | 14.23 | 0 |
| SNII | 2821428 | 7.11 | 0 |
| Retail Investors | 19750000 | 49.8 | 0 |
| Employees | 158730 | 0.4 | 0 |
| Total | 39658730 | 100 | 0 |
Subscription Status ( Fri, 01 Aug 25 01:59 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 11285714 | 1849737200 | 163.9x |
| Non-Institutional | 8464286 | 488488300 | 57.71x |
| BNII | 5642858 | 311407400 | 55.19x |
| SNII | 2821428 | 177080900 | 62.76x |
| Retail Investors | 19750000 | 400495100 | 20.28x |
| Employees | 158730 | 3148800 | 19.84x |
| Total | 39658730 | 2741869400 | 69.14x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Sri Lotus Developers and Realty Ltd | 1 | 0.00 | 5.51 | 5.51 | 24.39 | 21.39 |
| Arkade Developers Ltd | 10 | 22.03 | 9.25 | 9.25 | 17.76 | 47.60 |
| Keystone Realtors Ltd | 10 | 48.18 | 13.85 | 13.71 | 6.20 | 219.95 |
| Suraj Estate Developers Ltd | 5 | 14.91 | 21.80 | 19.70 | 11.10 | 195.08 |
| Sunteck Realty Ltd | 1 | 43.26 | 10.26 | 10.26 | 4.61 | 222.54 |
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 100 | 15,000.00 |
| Retail (Max) | 13 | 1,300 | 195,000.00 |
| S-HNI (Min) | 14 | 1,400 | 210,000.00 |
| S-HNI (Max) | 66 | 6,600 | 990,000.00 |
| B-HNI (Min) | 67 | 6,700 | 1,005,000.00 |
Registrar
Kfin Technologies Limited
04067162222, 04079611000
reachus@kfintech.com
https://www.kfintech.com
Book Running Lead Managers
- Motilal Oswal Investment Advisors Pvt Ltd
- Monarch Networth Capital Ltd
RHP Document
DRHP Document
Anchor Investors
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Sri Lotus Developers IPO is a Book-building IPO worth ₹792 crores. The price band is ₹140 to 150 per share. The IPO opens on Wed, Jul 30, 2025 and closes on Fri, Aug 1, 2025. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.
The Sri Lotus Developers IPO opens on Wed, Jul 30, 2025 and closes on Fri, Aug 1, 2025
Sri Lotus Developers IPO Price Band is ₹140 to 150.
Sri Lotus Developers IPO lot size is 100, and the minimum amount required for application is ₹15000.
The minimum investment for Sri Lotus Developers IPO is approximately ₹15000 based on the upper price band.
To apply for the Sri Lotus Developers IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Fri, Aug 1, 2025. After submission, funds are blocked until the basis of allotment of Sri Lotus Developers IPO is finalised.
Sri Lotus Developers IPO issue size is ₹792 crores.
Sri Lotus Developers IPO allotment date is Sat, Jun 27, 2026.
The registrar for Sri Lotus Developers IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website for IPO allotment status, refund processing, and other queries related to Sri Lotus Developers IPO through their official website or helpline.
The Sri Lotus Developers IPO GMP (Grey Market Premium) is ₹27 as of Wed, Aug 6, 2025. Based on the upper price band of ₹150 per share, the estimated Sri Lotus Developers IPO listing price is ₹177, indicating a potential listing gain of approximately 31% over the issue price.