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×
- 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
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 100 | ₹15,000 |
| sHNI | 14 | 1,400 | ₹2,10,000 |
| bHNI | 67 | 6,700 | ₹10,05,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 1,84,333 | 32,93,843 |
| HNIs(10L +) | 3,762 | 43,051 |
| HNIs (2-10L) | 1,881 | 1,21,010 |
| EMPLOYEE | 0 | 22,554 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 158 | 27,746.06 |
| RETAIL | 276.5 | 6,007.43 |
| HNIs 2+ | 39.5 | 2,656.21 |
| HNIs 10+ | 79 | 4,671.11 |
| EMPLOYEES | 2.21 | 47.23 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 5.51 | 3 | 0.42 |
| ROE | 24.39 | 70.68 | 34.41 |
| ROCE | 27.22 | 26.28 | 5.29 |
| RONW | 0 | 0 | 0 |
| PRE IPO(PE) | 0 | 0 | 0 |
| POST IPO(PE) | 0 | 0 | 0 |
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
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →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.