Sri Lotus Developers IPO
GMP, Subscription, Price, Dates & Financial Details
Construction - Real Estate
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…
Open Date
Wed, 30 Jul 2025
Close Date
Fri, 01 Aug 2025
Price Band
₹ 140 – 150
Lot Size
100
Issue Size
₹ 792.00 Cr
Minimum Investment
₹ 15,000 (100 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Sri Lotus Developers IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹792 Crore, comprising a fresh issue of 5.28 Crore equity shares aggregating to ₹792.00 Crore.
The Sri Lotus Developers IPO remained open for subscription from July 30, 2025, to August 01, 2025. The basis of allotment was finalized on August 04, 2025, and the company's shares were listed on the NSE and BSE on August 06, 2025.
The company had fixed the price band at ₹140 to ₹150 per share, with a lot size of 100 shares. Retail investors were required to make a minimum investment of ₹15,000 (based on the upper price band) to apply for one lot.
The IPO also included a reservation of 158,730 equity shares for eligible employees, who received a discount of ₹14 per share.
KFin Technologies Limited served as the registrar to the issue. Motilal Oswal Investment Advisors Ltd, and Monarch Networth Capital Ltd acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Sri Lotus Developers & Realty Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Sri Lotus Developers IPO Timeline (Tentative)
- IPO Open Date
- Wed, 30 Jul 25
- IPO Close Date
- Fri, 01 Aug 25
- Basis of Allotment
- Mon, 04 Aug 25
- Initiation of Refunds
- Tue, 05 Aug 25
- Credit of Shares to Demat
- Tue, 05 Aug 25
- Listing Date
- Wed, 06 Aug 25 — NSE & BSE
Open Date
30 July 2025
Close Date
01 August 2025
Basis Of Allotment
04 August 2025
Listing Date
06 August 2025
IPO Subscription
Check Live Subscription →The Sri Lotus Developers IPO has received bids for 2,74,18,69,400 shares against 3,96,58,730 shares offered, resulting in an overall subscription of 69.14x. the NII category is subscribed 57.71x, Retail Investors 20.28x, Employees 19.84x, and QIBs 163.9x. Within the NII category, BNII is subscribed 55.19x, while SNII is subscribed 62.76x.
QIB
163.9x
NII
57.71x
BNII
55.19x
SNII
62.76x
RII
20.28x
EMP
19.84x
Total
69.14x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 1,97,50,000 shares, representing 49.8% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 1,12,85,714 shares (28.46%), while Non-Institutional Investors (NIIs) receive 84,64,286 shares (21.34%).
| Category | Shares Offered | Shares Offered |
|---|---|---|
| Qualified Institutions | 11,285,714 | 28.46% |
| Non-Institutional | 8,464,286 | 21.34% |
| BNII | 5,642,858 | 14.23% |
| SNII | 2,821,428 | 7.11% |
| Retail Investors | 19,750,000 | 49.8% |
| Employees | 158,730 | 0.4% |
| Total | 39,658,730 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Sri Lotus Developers & Realty Limited KPI Information
| 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 |
| Pat Margin % | 41.46 | 25.96 | 9.76 |
Peers Comparison
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Sri Lotus Developers and Realty Ltd | 1 | 0 | 5.51 | 5.51 | 24.39 | 21.39 |
| Arkade Developers Ltd | 10 | 22.03 | 9.25 | 9.25 | 17.76 | 47.6 |
| Keystone Realtors Ltd | 10 | 48.18 | 13.85 | 13.71 | 6.2 | 219.95 |
| Suraj Estate Developers Ltd | 5 | 14.91 | 21.8 | 19.7 | 11.1 | 195.08 |
| Sunteck Realty Ltd | 1 | 43.26 | 10.26 | 10.26 | 4.61 | 222.54 |
About Sri Lotus Developers & Realty Limited
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)
Sri Lotus Developers IPO Promoters
- Anand Kamalnayan Pandit
- Roopa Anand Pandit
- Ashka Anand Pandit
Promoters Holding
Holding Pre Issue
91.78%
Holding Post Issue
81.86%
Sri Lotus Developers IPO Objective
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.
Sri Lotus Developers & Realty Limited Address / Contact Details
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
Sri Lotus Developers IPO Lot Size
The Sri Lotus Developers IPO has a lot size of 100 shares. Retail investors require a minimum investment of ₹15,000 by applying for 1 lot (100 shares). The maximum application allowed for the retail category is 13 lots (1,300 shares), requiring an investment of ₹1,95,000.
| 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 |
Issue Reservation
- QIB — 28.46%
- NII — 21.34%
- RII — 49.8%
- EMP — 0.4%
Book Running Lead Managers
- Motilal Oswal Investment Advisors Ltd
- Monarch Networth Capital Ltd
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Sri Lotus Developers IPO?
Sri Lotus Developers IPO is a Book-building IPO with a total issue size of ₹792 crore. The Sri Lotus Developers IPO price band is ₹140 to 150 per share. The Sri Lotus Developers IPO subscription opens on Wed, Jul 30, 2025, and closes on Fri, Aug 1, 2025. The Sri Lotus Developers IPO will be listed on the BSE,NSE. KFin Technologies Limited is the registrar for the Sri Lotus Developers IPO.
When will the Sri Lotus Developers IPO open for subscription?
The Sri Lotus Developers IPO opens on Wed, Jul 30, 2025 and closes on Fri, Aug 1, 2025
What is Sri Lotus Developers IPO Price Band?
Sri Lotus Developers IPO Price Band is ₹140 to 150 per share.
What is Sri Lotus Developers IPO Lot Size?
Sri Lotus Developers IPO lot size is 100 shares, Retail investors need a minimum investment of ₹15000 based on the upper price band
What is the minimum investment for Sri Lotus Developers IPO?
The minimum investment for Sri Lotus Developers IPO is ₹15000, based on one lot of 100 shares at the upper price band of ₹150 per share.
How to apply for Sri Lotus Developers IPO?
Investors can apply for the Sri Lotus Developers IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Aug 1, 2025. The application amount remains blocked until the Sri Lotus Developers IPO allotment is finalized.
What is Sri Lotus Developers IPO Issue Size?
Sri Lotus Developers IPO issue size is ₹792 crores.
What is the Sri Lotus Developers IPO Allotment Date?
Sri Lotus Developers IPO allotment date is Mon, Aug 4, 2025.
Who is the Sri Lotus Developers IPO Registrar?
The registrar for Sri Lotus Developers IPO is KFin Technologies Limited. Investors can go to KFin Technologies Limited website to check Sri Lotus Developers IPO allotment status, refund processing, and other IPO-related information.
What is the Sri Lotus Developers IPO GMP?
The Sri Lotus Developers IPO GMP (Grey Market Premium) is ₹51 as of Wed, Jul 23, 2025. Based on the upper price band of ₹150 per share, the estimated Sri Lotus Developers IPO listing price is ₹201, indicating a potential listing gain of approximately 34.00% over the issue price.
Who is the Sri Lotus Developers IPO Lead Manager?
The book-running lead managers (BRLMs) for the Sri Lotus Developers IPO are Monarch Networth Capital Ltd. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Sri Lotus Developers IPO Red Herring Prospectus (RHP).