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Sri Lotus Developers IPO is a bookbuilt issue of Rs 792.00 crore. This issue is entirely a fresh issue of 5.28 crore shares with no offer for sale.
The IPO opens for subscription on July 30, 2025, and closes on August 1, 2025. The allotment is expected to be finalized on Monday, August 4, 2025. The price band for the IPO is set at ₹140 to ₹150 per share, and the minimum lot size for an application is 100 shares.
Company Summary
Incorporated in February 2015, Sri Lotus Developers and Realty Limited is a developer of residential and commercial properties located in Mumbai, Maharashtra, specializing in redevelopment projects within the ultra-luxury and luxury segments of the western suburbs.
As of June 30, 2025, the company possesses a developable area of 0.93 million square feet, encompassing residential and commercial properties.
The company’s developmental focus is primarily directed towards ultra-luxury and luxury residential properties, in addition to commercial properties, through the following initiatives:
The construction and development of the flats identified as 2BHK and 3 BHK, which are priced within the range of ₹3 crores to ₹7 crores, is categorized under the “Luxury Residential Segment.”
The construction and development of 3BHK and 4 BHK, along with flats and penthouses exceeding four bedrooms (4+ BHK), rentals pricing surpasses ₹7 crores. This offering is integrated with the Luxury Residential Segment
The construction and development of commercial office spaces (“Commercial Segment”).
As of June 30, 2025, the company has four (4) Completed Projects, five (5) Ongoing Projects, and eleven (11) Upcoming Projects.
Company Strengths
- Positioned in the Ultra Luxury and Luxury residential real estate markets of Mumbai’s Western Suburbs, focusing on customer needs with a strong project pipeline.
- Strong brand recognition with the ability to sell at premium pricing, allowing us to sell throughout the construction phase.
- Asset-light model for the development of projects through development agreements, enabling us to maintain the high level of cash flow generated from operating activities.
- End-to-end capabilities and timely completion of projects.
- Experienced Promoters and management team.
Company Financials
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 1,218.6 | 736.81 | 486.23 |
| Revenue | 569.28 | 466.19 | 169.95 |
| Profit After Tax | 227.89 | 119.14 | 16.8 |
| EBITDA | 288.97 | 158.55 | 20.84 |
| Net Worth | 932.44 | 169.56 | 48.36 |
| Reserves and Surplus | 888.93 | 149.6 | 28.32 |
| Total Borrowing | 122.13 | 428.24 | 328.93 |
| Amount in ₹ Crore | |||
Objectives of IPO
- Investment in the Subsidiaries, Richfeel Real Estate Private Limited, Dhyan Projects Private Limited, and Tryksha Real Estate Private Limited for part-funding development and construction cost of their Ongoing Projects, Amalfi, The Arcadian, and Varun, respectively
- General corporate purposes
Promoters of the company
The promoters of the Company are Anand Kamalnayan Pandit, Roopa Anand Pandit, and Ashka Anand Pandit.
IPO Details
| IPO Date | July 30, 2025 to August 1, 2025 |
| Listing Date | August 6, 2025 |
| Face Value | ₹1 per share |
| Price Band | ₹140 to ₹150 per share |
| Lot size | 100 shares |
| Total Issue size | 5,28,00,000 shares (aggregating upto ₹792.00 Cr ) |
| Issue type | Bookbuilding IPO |
| Listing at | NSE, BSE |
| Share Holding Pre Issue | 43,59,09,986 shares |
| Share Holding Post Issue | 48,87,09,986 shares |
Category Reservation
| Application Category | Maximum Bidding Limits | Bidding at the 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 | 1. Employee limit: Up to Rs 5 lakhs (In certain cases, employees are given a discount if the bidding amount is up to Rs 2 Lakhs) 2. If applying as RII: Up to Rs 2 Lakhs 3. If applying as NII: sNII > Rs 2 Lakhs and up to Rs 10 Lakhs and bNII > Rs 10 Lakhs | Yes for Employee and RII/NII |
Lot Allocation Details
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 100 | ₹15,000.00 |
| Retail (Max) | 13 | 1,300 | ₹1,95,000.00 |
| S-HNI (Min) | 14 | 1,400 | ₹2,10,000.00 |
| S-HNI (Max) | 66 | 6,600 | ₹9,90,000.00 |
| B-HNI (Min) | 67 | 6,700 | ₹10,05,000.00 |
Allotment Schedule
| Basis of Allotment | Mon, 4 Aug, 2025 |
| Initiation of Refunds | Tue, 5 Aug, 2025 |
| Credit of Shares to Demat | Tue, 5 Aug, 2025 |
| Tentative Listing Date | Wed, 6 Aug, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 1, 2025 |
IPO Reservation
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII Shares Offered | Not less than 15% of the Net Issue |
To check allotment, click here
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