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SLLOTUSDEVListed

Sri Lotus Developers & Realty Limited

Bookbuilding IPO · NSE, BSE

Price band
₹140 - ₹150
Lot size
100 shares
Issue amount
₹792 cr
Total subscription
74.08×
Current price₹176.54
Listing price ₹178
Watch live price ↗
Opens
30 Jul 2025
Closes
1 Aug 2025
Allotment
4 Aug 2025
Listing
6 Aug 2025

Offer at a glance

Issue overview

Issue size
5,28,00,000 shares
Face value
0
Minimum investment
₹14,000
Fresh issue
₹792 cr
Offer for sale
₹0 cr
Registrar
Kfin Technologies Limited
Listing exchange
NSE, BSE
Maximum investment
₹15,000
Issue type
Bookbuilding IPO
Shares before issue
43,59,09,986
Shares after issue
0

Lot sizes

CategoryLotsSharesAmount
RETAIL1100₹15,000
sHNI141,400₹2,10,000
bHNI676,700₹10,05,000

Share reservation

Retail34.91%
NII(HNI)14.96%
QIB19.95%
Employees0.28%

Subscription & GMP

Subscription by category

Total subscribed74.08×

Missing multiples are calculated from bids and offered shares when available.

QIB175.61×
NIB61.83×
HNIs(10L +)59.13×
HNIs (2-10L)67.25×
RETAIL21.73×
EMPLOYEES21.41×

GMP history

0285618 Jul: ₹022 Jul: ₹023 Jul: ₹5624 Jul: ₹3525 Jul: ₹3026 Jul: ₹3228 Jul: ₹4029 Jul: ₹4430 Jul: ₹4431 Jul: ₹421 Aug: ₹422 Aug: ₹374 Aug: ₹375 Aug: ₹396 Aug: ₹277 Nov: ₹2712 Nov: ₹2724 Nov: ₹27
18 Jul₹2724 Nov

Application-wise demand

CategoryReserved applicationsApplied applications
RETAIL1,84,33332,93,843
HNIs(10L +)3,76243,051
HNIs (2-10L)1,8811,21,010
EMPLOYEE022,554

Subscription demand

Amounts in ₹ crore. HNI subcategories are included in the NII total.

CategoryOfferedDemand
QIBs15827,746.06
RETAIL276.56,007.43
HNIs 2+39.52,656.21
HNIs 10+794,671.11
EMPLOYEES2.2147.23

Financial performance

Company financials

In Crores · Reported periods may include interim results.

Revenue & profit In Crores
0200400600Mar-23 · Revenue: 169.95Mar-23 · Profit after tax: 16.29Mar-23Mar-24 · Revenue: 466.19Mar-24 · Profit after tax: 119.81Mar-24Sep-24 · Revenue: 247.55Sep-24 · Profit after tax: 90.63Sep-24
RevenueProfit after tax

Key performance indicators

MetricMar-25Mar-24Mar-23
EPS5.5130.42
ROE24.3970.6834.41
ROCE27.2226.285.29
RONW000
PRE IPO(PE)000
POST IPO(PE)000

Values and labels as reported in the issue data.

Company information

Company profile

Sri Lotus Developers and Realty Limited, established in February 2015, is a real estate development company primarily operating in Mumbai, Maharashtra. The company specializes in the redevelopment of ultra-luxury and luxury residential and commercial properties, particularly in the western suburbs of Mumbai. As of November 30, 2024, it has a total developable area of 0.68 million square feet. The company focuses on constructing 2 BHK and 3 BHK flats priced between ₹3 crores and ₹7 crores, as well as larger units such as 3 BHK, 4 BHK, and penthouses priced above ₹7 crores. In the commercial segment, Sri Lotus develops premium office spaces tailored to high-end business requirements. As of the same date, the company has completed 3 projects, is working on 6 ongoing developments, and has 7 upcoming projects in the pipeline.

Strengths

  • Established Presence in Mumbai's Prime Real Estate Market: Operates in the ultra-luxury and luxury housing segments in Mumbai’s western suburbs—one of the most expensive and in-demand real estate zones in India, ensuring continued relevance and demand.
  • Recognized Premium Brand with Steady Demand: Known under the "Lotus Developers" brand for high construction quality, on-time project delivery, and customer satisfaction, enabling premium pricing even during the construction stage.
  • Asset-Light Growth Strategy: Focuses on redevelopment and joint development agreements to reduce land acquisition costs, maintain healthy cash flows, and gain flexibility to enter new micro-markets across Mumbai.

Risk factors

  • Risk of Project Delays or Incompletion: Ongoing and future projects may be delayed or left unfinished due to land title disputes, regulatory barriers, financing issues, or challenges in obtaining occupant clearances—potentially affecting business performance.
  • Large Inventory of Unsold Units: As of November 30, 2024, the company has 283 unsold units across various projects. Slow sales of this inventory could strain cash flows, reduce profitability, and impact overall financial health.
  • Reliance on External Contractors: All construction and development work is outsourced. Delays or underperformance by third-party contractors or agencies could disrupt project timelines and hinder operations.

Promoters

Anand Kamalnayan Pandit

Roopa Anand Pandit

Ashka Anand Pandit

Registrar & documents

Lead manager

Monarch Networth Capital Limited, Motilal Oswal Investment Advisors Limited

Registered office

Sri Lotus Developers & Realty Ltd. 5th & 6th Floor, Lotus Towe 1 Jai Hind Society, N S Road No. 12/A, JVPD Scheme, Juhu, Mumbai, Maharashtra, 400049

+91 7506283400

[email protected]Company website ↗

Understanding LOTUSDEV IPO data

Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.