Sri Lotus Developers IPO:
Sri Lotus Developers & Realty Ltd., a Mumbai-based firm specializing in luxury and ultra-luxury real estate, has announced its Initial Public Offering (IPO) to raise up to ₹792 crore. The public issue, which is entirely a fresh issue shares, will be open for subscription from Wednesday, July 30, 2025, to Friday, August 1, 2025.
Sri Lotus Developers IPO Details and Timeline
The company has set a price band of ₹140 to ₹150 per share, with a face value of ₹1 per share. The shares are scheduled for tentative listing on the BSE and NSE on Wednesday, August 6, 2025.
Investors can apply in lots, with one lot consisting of 100 shares.
* Retail Individual Investors (RII) can apply for a minimum of one lot (100 shares) for ₹15,000 and a maximum of 13 lots (1,300 shares) for ₹1,95,000.
* Small Non-Institutional Investors (sNII) can bid for 14 lots (1,400 shares) up to 66 lots (6,600 shares), with investment amounts ranging from ₹2,10,000 to ₹9,90,000.
* Big Non-Institutional Investors (bNII) applications start from a minimum of 67 lots (6,700 shares), amounting to ₹10,05,000.
The company is also offering a discount of ₹14 per share to its eligible employees.
Sri Lotus Developers IPO timeline is as follows:
* IPO Open Date: July 30, 2025
* IPO Close Date: August 1, 2025
* Basis of Allotment(expected): August 4, 2025
* Tentative Listing Date: August 6, 2025
Company Overview and Financial Health
Incorporated in 2015, Sri Lotus Developers & Realty Ltd. focuses on the development of high-end residential and commercial properties in Mumbai’s western suburbs, with a specialization in redevelopment projects. As of June 30, 2025, the company holds a developable area of 0.93 million square feet. Its luxury residential projects include 2BHK, 3BHK, and 4BHK flats, along with penthouses, priced between ₹3 crore and ₹7 crore.
The company has demonstrated strong financial growth. For the financial year ended March 31, 2025, Sri Lotus Developers reported:
* Revenue: ₹569.28 crore, up from ₹466.19 crore in FY24.
* Profit After Tax (PAT): ₹227.89 crore, a significant 91% increase from ₹119.14 crore in the previous fiscal year.
* Total Assets: Grew to ₹1,218.60 crore.
* Total Borrowing: Reduced substantially to ₹122.13 crore from ₹428.24 crore in FY24.
The promoters of the company are Anand Kamalayan Pandit, Roopa Anand Pandit, and Ashka Anand Pandit, who collectively hold a 91.78% pre-issue stake.
Objectives of the Sri Lotus Developers IPO
The net proceeds from the IPO are primarily intended for strategic investments and expansion. The company proposes to utilize the funds for:
* Investment in Subsidiaries: An amount of ₹550.00 crore will be invested in subsidiaries—Richfeel Real Estate Private Limited, Dhyan Projects Private Limited, and Tryksha Real Estate Private Limited—to part-fund the development and construction of ongoing projects named Amalfi, The Arcadian, and Varun.
* General Corporate Purposes: The balance of the funds will be used for general corporate needs.
Sri Lotus Developers IPO Reservation Categories and Lead Managers
The issue allocation is structured as follows:
* Qualified Institutional Buyers (QIB): Not more than 50% of the net issue.
* Retail Individual Investors (RII): Not less than 35% of the net issue.
* Non-Institutional Investors (NII): Not less than 15% of the net issue.
Motilal Oswal Investment Advisors Limited is the book-running lead manager for the IPO, while Kfin Technologies Limited will serve as the registrar for the issue.