IPO Details
Bidding Dates
30 Jul '25 - 01 Aug '25
Minimum Investment
₹15,000/ 1 Lot (100 Shares)
Price Range
₹140-₹150
Maximum Investment
₹1,95,000/ 13 Lots (1,300 Shares)
Retail Discount
To be announced
Issue Size
₹792.00 Cr
Investor category and sub category
Retail Individual Investors (RII) | Non-institutional Investors (NII) | Qualified Institutional Buyers (QIB) |Sri Lotus Developers IPO Important Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
Jul 30, 25
IPO Closing Date
Aug 01, 25
Basis of Allotment
Aug 04, 25
Initiation of Refunds
Aug 05, 25
IPO Listing Date
Aug 06, 25
Sri Lotus Developers IPO Subscription Details
| Date | QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|---|
|
Day 1Jul 29, 2025 |
0.00 | 0.93 | 1.05 | 1.31 | 0.73 |
About Sri Lotus Developers IPO
Sri Lotus Developers & Realty IPO is a book-built issue worth ₹792.00 crore. The entire issue comprises a fresh offering of 5.28 crore equity shares. The IPO opens for public subscription on July 30, 2025, and will close on August 1, 2025.
The basis of allotment is likely to be finalised on August 4, 2025. The shares are proposed to be listed on both BSE and NSE, with a tentative listing date set for August 6, 2025.
The price band for the IPO is fixed between ₹140 and ₹150 per share. Applicants can bid for a minimum of one lot, which includes 100 shares, requiring an investment of ₹14,000 for retail investors. For small non-institutional investors (sNII), the minimum application is 14 lots or 1,400 shares, totalling ₹2,10,000. For big non-institutional investors (bNII), the minimum application is 67 lots or 6,700 shares, amounting to ₹10,05,000.
Motilal Oswal Investment Advisors Limited is managing the issue as the book-running lead manager, while Kfin Technologies Limited is the registrar. For more detailed information, the RHP of Sri Lotus Developers IPO can be referred.
Industry Outlook
- India is projected to grow at 6.2% in 2025, supported by domestic demand and rising disposable incomes. This positive economic environment is expected to boost housing demand, benefiting developers like Sri Lotus Developers & Realty Limited.
- Between 2001 and 2011, the number of households rose by 28.51%, and owned homes increased by 28.36%. Urban housing share also rose from 28% to 32%, showing a clear shift towards city-based residential developments that aligns with Sri Lotus Developers’ business focus.
- Branded developers’ share in new residential launches increased from 41% in 2015 to over 56% in 2018, driven by RERA and liquidity issues. This trend favours larger, compliant players like Sri Lotus Developers & Realty Limited, allowing them to capture greater market share.
Sri Lotus Developers IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- A portion of the IPO proceeds will be invested in subsidiaries—Richfeel Real Estate, Dhyan Projects, and Tryksha Real Estate—to support the construction and development of ongoing residential projects: Amalfi, The Arcadian, and Varun.
- The remaining funds from the issue will be allocated towards general corporate purposes, helping the company strengthen its operational and financial position.
About Sri Lotus Developers & Realty Limited
Sri Lotus Developers & Realty Limited is a real estate development company based in Mumbai, Maharashtra, with a primary focus on luxury and ultra-luxury residential and commercial projects. The company specialises in redevelopment projects in the western suburbs of Mumbai, which is one of India’s most active real estate markets.
Established in 2017, the company has grown by acquiring key land parcels and launching premium housing projects. Its operations span across greenfield developments, redevelopment of existing properties, and joint development ventures with landowners. The company aims to create high-end living spaces by combining elegant designs, modern amenities, and well-planned community features.
Led by promoter Anand Kamalnayan Pandit, who has over 24 years of industry experience and has completed over 3.32 million sq. ft. of development through other entities, the company benefits from his strong industry understanding and strategic leadership.
Sri Lotus Developers focuses on building luxury 2BHK and 3BHK homes priced between ₹3-₹7 crore, as well as ultra-luxury residences above ₹7 crore. It also develops commercial office spaces. With growing demand for homes priced above ₹2.5 crore, the company is well-positioned in a thriving market.
Technology plays a key role in its operations, with tools like BIM and virtual walkthroughs enhancing project efficiency and customer experience. The company now aims to expand into central, southern, and eastern micro-markets of Mumbai, such as Nepean Sea Road, Prabhadevi, and Ghatkopar, to capture broader growth opportunities.
How To Check the Allotment Status of Sri Lotus Developers IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
How To Apply for the Sri Lotus Developers IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Sri Lotus Developers IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
Contact Details of Sri Lotus Developers IPO
Registered office: 5th & 6th Floor, Lotus Tower, 1 Jai Hind Society, N S Road No. 12/A, JVPD Scheme, Juhu, Mumbai-400049, Maharashtra, India
Phone: +91 7506283400
E-mail: investors@lotusdevelopers.com
Sri Lotus Developers IPO Reservation
|
Investor Category |
Shares Offered |
|
QIB Shares |
Not more than 50.00% of the Net Issue |
|
Retail Shares |
Not less than 35.00% of the Net Issue |
|
NII Shares |
Not less than 15.00% of the Net Issue |
Sri Lotus Developers IPO Lot Size
|
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 include Anand Kamalnayan Pandit, Roopa Anand Pandit and Ashka Anand Pandit.
|
Share Holding Pre-Issue |
91.78% |
|
Share Holding Post Issue  |
81.86% |
Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.
Sri Lotus Developers IPO Investor Category Reservations
|
Category |
Investment Limit |
Cut-off Price Option |
|
Retail (RII) |
Up to ₹2 lakh |
Allowed |
|
Small HNI (sNII) |
Above ₹2 lakh and up to ₹10 lakh |
Not Allowed |
|
Big HNI (bNII) |
Above ₹10 lakh (within NII quota) |
Not Allowed |
|
Employee |
Up to ₹5 lakh |
Allowed |
|
Employee + RII/NII |
● Employee: Up to ₹5 lakh ● RII: Up to ₹2 lakh ● NII: ₹2–10 lakh ● bNII: Above ₹10 lakh |
Allowed for Employee and RII only |
Key Performance Indicators for Sri Lotus Developers IPO
|
KPI |
Value |
|
Debt/Equity  |
0.13 |
|
ROE (%) |
24.39 |
|
RoCE (%) |
27.22 |
|
RoNW (%) |
24.39 |
|
PAT Margin (%) |
41.46 |
|
EBITDA Margin (%) |
52.57 |
|
Price to Book Value |
7.01 |
Sri Lotus Developers IPO Prospectus
Sri Lotus Developers IPO Registrar and Lead Managers
Sri Lotus Developers IPO Lead Managers
- Motilal Oswal Investment Advisors Limited
Registrar for Sri Lotus Developers IPO
Kfin Technologies Limited
- Contact Number: 04067162222, 04079611000
- Email Address: ipo@kfintech.com
Sri Lotus Developers IPO Registrar
Financial Performance of Sri Lotus Developers & Realty Limited
| Particulars | Year ending on March 31, 2024 | Year ending on March 31, 2023 | Year ending on March 31, 2022 |
|---|---|---|---|
| Revenue from Operation (in ₹ million) | 4,615.75 | 1,668.71 | 1,025.78 |
| Profit After Tax (in ₹ million) | 1,198.09 | 162.88 | 125.11 |
| Earnings per share (in ₹) | 3.00 | 0.42 | 0.32 |
| Net Worth (in ₹ million) | 1,695.57 | 483.63 | 316.85 |
| Return on Equity (in %) | 70.68 | 34.41 | 40.77 |
| Return on capital employed (RoCE) (%) | 26.28 | 5.29 | 4.50 |
| EBITDA (in ₹ million) | 1,585.45 | 208.41 | 168.97 |
Know before investing
Strengths
8-
Strong focus on ultra-luxury housing in Western Mumbai, with 70.68% RoNW.
-
Premium projects across Mumbai with 1.05 million sq. ft. ongoing development.
-
Asset-light model boosts capital efficiency through redevelopment and joint development projects.
-
Well-known brand, selling at premium throughout the construction phase in Mumbai.
-
Awarded “Best Realty Brand 2024” in the luxury category by Times Group.
-
Targeting rising demand as luxury housing share rose to 16% Q3 2024.
-
Led by 24+ years experienced promoter and 28+ years experienced CEO.
-
Expanding to high-growth micro-markets like Prabhadevi, Nepean Sea Road, Ghatkopar.
Risks
8-
All projects concentrated in Western Mumbai; vulnerable to local market disruptions.
-
Six ongoing and seven upcoming projects risk delay or incomplete delivery.
-
Dependence on third-party contractors poses risks to construction and deadlines.
-
Unsold inventory includes 248 units in ongoing projects as of November 2024.
-
No long-term contracts for raw materials; supply issues may raise costs.
-
Reliant on winning society redevelopment bids; acceptance not always guaranteed.
-
Past regulatory delays may attract action under FEMA or Companies Act.
-
Discontinued film division posted ₹47.77 million losses in FY22 and FY23.
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Sri Lotus Developers & Realty Limited Peer Comparison
| Company Name | Revenue (₹ million) | EPS (Basic) | P/E Ratio | Return on Net Worth (%) |
|---|---|---|---|---|
| Sri Lotus Developers & Realty | 4,615.75 | 3.00 | - | 70.68 |
| Arkade Developers Limited | 6,347.37 | 8.08 | 20.15 | 38.01 |
| Keystone Realtors Limited | 22,222.50 | 9.85 | 69.81 | 6.18 |
| Suraj Estate Developers Limited | 4,122.14 | 19.39 | 29.91 | 13.07 |
| Sunteck Realty Limited | 5,648.47 | 4.99 | 101.78 | 2.27 |
Sri Lotus Developers IPO FAQs
Sri Lotus Developers IPO is a book-built issue IPO. It runs from July 30, 2025, to August 1, 2025.
The Basis of Allotment will happen on Monday, August 4, 2025.
The IPO subscription window will open on July 30, 2025.
The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 100 shares.
The listing date for the Sri Lotus Developers IPO is Wednesday, August 6, 2025.
The issue size of the Sri Lotus Developers IPO is ₹792.00 crore.
The open and close dates for Sri Lotus Developers IPO are from July 30, 2025, to August 1, 2025.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
You will receive a notification once your order is successfully placed with the exchange after the bidding starts.
Kfin Technologies Limited is the registrar responsible for managing the IPO allotment process and handling investor queries.
Sri Lotus Developers IPO is proposed to be listed on the National Stock Exchange and the Bombay Stock Exchange (BSE).
- Multiple Submissions: Use different Demat accounts to make multiple applications.
- Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
- Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
To read Sri Lotus Developers & Realty Limited’s financial statements, download the IPO’s RHP document.
Pre-apply allows investors to apply for the Sri Lotus Developers IPO two days before the subscription period opens, ensuring an early submission of your application.
Your order will be placed when the IPO opens for bidding, and a UPI request will follow within 24 hours.
