Sri Lotus Developers and Realty Limited is now set to launch its initial public offering (IPO), opening up a new opportunity for investors interested in the Indian real estate sector. The IPO will open for public subscription on July 30, 2025, and will remain open till August 1, 2025. Let’s take a closer look at what this IPO means and what Sri Lotus Developers brings to the table.
Sri Lotus Developers IPO Date
The key pointers for the Sri Lotus Developers IPO dates are:
- Bidding Opening Date: July 30, 2025
- Bidding Closing Date: August 1, 2025
- Allotment Date: August 4, 2025
- Initiation of Refunds (in case of less or no allotment): August 5, 2025
- Shares Credited to Your Demat Account: August 5, 2025
- IPO Listing Date: August 6, 2025
- Listing on Exchange: BSE and NSE
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Sri Lotus Developers: IPO Issue Size
Sri Lotus Developers’ IPO valuation, as denoted by the market capitalisation, stood at ₹7,330.65 crores. Here are the important Sri Lotus Developers IPO details:
- Sri Lotus Developers IPO Price Band: ₹140 to ₹150 per share
- Lot Size: 100 Shares
- Issue Size and Amount: 5.28 crore shares (amounting to ₹792 crores)
- Fresh Issue Size and Amount: 5.28 crore shares (amounting to ₹792 crores)
Sri Lotus Developers IPO Proceeds Usage
Sri Lotus Developers IPO proceeds will be used for the following purposes:
1. Investment in Subsidiary Companies
An estimated ₹550 crore will be allocated to fund the development and construction costs of ongoing projects undertaken by the company’s subsidiaries:
- Richfeel Real Estate Private Limited – Project: Amalfi
- Dhyan Projects Private Limited – Project: The Arcadian
- Tryksha Real Estate Private Limited – Project: Varun
2. General Corporate Purposes
A portion of the proceeds will also be used to support general business operations and corporate activities.
Sri Lotus Developers IPO Reservations
Sri Lotus Developers IPO reservations to different investors are:
- For QIBs: Not more than 50% of the Net Issue
- For NIIs: Not less than 15% of the Net Issue
- For Retail Investors: Not less than 35% of the Net Issue
Sri Lotus Developers IPO Lot Size
Sri Lotus Developers IPO lot size is 100 shares, wherein bidding can be done in multiples. The minimum amount that each category of investor needs to bid in this IPO is:
| Investor Type | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 1 | 100 | ₹15,000 |
| S-HNI | 14 | 1,400 | ₹2,10,000 |
| B-HNI | 67 | 6,700 | ₹10,05,000 |
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Sri Lotus Developers IPO Details: Promoter Holding
The promoters of the Company are Anand Kamalnayan Pandit, Roopa Anand Pandit, and Ashka Anand Pandit.
Sri Lotus Developers IPO: Company Overview
Sri Lotus Developers and Realty Limited, established in February 2015, is a Mumbai-based real estate company known for premium residential and commercial developments. The firm mainly operates in the western suburbs of Mumbai, with a strong focus on redevelopment projects in the ultra-luxury and luxury segments.
As of June 30, 2025, the company holds a total developable area of around 0.93 million square feet. This includes a mix of upscale homes and office spaces, catering to high-end buyers and commercial clients.
The company’s residential portfolio includes 2BHK and 3BHK flats priced between ₹3 crores and ₹7 crores under its luxury category. Homes priced above ₹7 crores, such as 3BHK, 4BHK, and larger penthouses, fall under its ultra-luxury segment. Commercial office developments are also part of the business model. As on June 30, 2025, the company has completed 4 projects so far, with 5 projects currently under development and 11 more in the pipeline.
Sri Lotus Developers IPO: Financial Performance
Sri Lotus Developers & Realty Ltd. key financials for different periods are as follows:
| Particulars (in ₹ Cr) | 31 Mar 2025 | 31 Mar 2024 | YoY Change (%) |
|---|---|---|---|
| Revenue from Operations | 549.68 | 461.58 | 22% |
| Profit After Tax | 227.89 | 119.14 | 91% |
| EBITDA | 288.97 | 158.55 | 82% |
| Net Worth | 932.44 | 169.56 | 450% |
| Total Assets | 1,218.60 | 736.81 | 65% |
| Total Borrowings | 122.13 | 428.24 | -71% |
| Sales Value | 462.93 | 346.97 | 33% |
- Sri Lotus Developers’ revenue from operations grew by 22% YoY, reaching ₹549.68 crores in FY25, compared to ₹461.58 crores in FY24.
- The company posted a 91% increase in profit after tax, rising from ₹119.14 crores to ₹227.89 crores, showcasing strong bottom-line growth.
- EBITDA improved by 82% YoY to ₹288.97 crores in FY25, underlining better operating efficiency and execution.
- Net worth surged by 450%, jumping from ₹169.56 crores to ₹932.44 crores, indicating a major improvement in the company’s capital position.
- The company’s total assets rose by 65% YoY, reaching ₹1,218.60 crores, reflecting its expanding real estate portfolio.
- Notably, total borrowings dropped by 71%, from ₹428.24 crores in FY24 to ₹122.13 crores in FY25, suggesting strong debt reduction and healthier financials.
- The sales value increased by 33% YoY to ₹462.93 crores, signalling its strong operational performance.
Sri Lotus Developers IPO Risk Factors
Sri Lotus Developers IPO GMP is ₹34 as of July 25, 2025 (at 13:53). It is expected to list at a 22.67% gain at a price of ₹184. However, GMP is not a safe or assured criterion to bid for an IPO.
Sri Lotus Developers & Realty Ltd. is exposed to various risk factors that can eventually affect its business and investors’ perception:
- Regional Exposure: The company’s projects are limited to Mumbai’s western suburbs, making it vulnerable to local market slowdowns.
- Third-Party Dependency: All construction work is outsourced. Any delay or poor performance by contractors could affect timelines and quality.
- Cost Fluctuations: Rising prices or limited availability of materials and labour may increase expenses and delay projects.
- Unsold Inventory: As of June 30, 2025, the company has 85 unsold units in completed projects and 167 unsold units in ongoing projects. Delays in selling could impact cash flow and profitability.
For all the insights on Sri Lotus Developers IPO and detailed expert advice, you can download the SMC ACE App or visit the SMC telegram channels. Take smart decisions and apply for Sri Lotus Developers IPO easily on the SMC ACE Apply by opening free demat account now.
Frequently Asked Questions – FAQs
1. When will the Sri Lotus Developers IPO open and close?
The IPO will open for subscription on July 30, 2025, and close on August 1, 2025. Investors can apply during this three-day window.
2. What is the listing date of the Sri Lotus Developers IPO?
The shares are expected to be listed on the BSE and NSE on Wednesday, August 6, 2025, subject to allotment and market conditions.
3. What is the use of proceeds from this IPO?
The company plans to utilise the funds mainly to support the construction of ongoing projects via its subsidiaries, Amalfi, The Arcadian, and Varun, and for general corporate purposes.
4. Who are the promoters of Sri Lotus Developers & Realty Ltd.?
The company is promoted by Anand Kamalnayan Pandit, Roopa Anand Pandit, and Ashka Anand Pandit.
References:
https://www.chittorgarh.net/reports/ipo_notes/sri-lotus-developers-ipo-rhp.pdf
https://www.investorgain.com/gmp/sri-lotus-developers-and-realty-ipo-gmp/1342/
Author: All Content is verified by SMC Global Securities.
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