Sri Lotus Developers & Realty IPO Price: ₹140 to ₹150 per share
IPO Dates: 30th July 2025 – 1st August 2025
Company Overview
Sri Lotus Developers and Realty Limited is a Mumbai-based real estate development company specializing in residential and commercial redevelopment projects, with a focus on the Ultra-Luxury and Luxury segments in the western suburbs of Mumbai. The company has strategically positioned its operations in Mumbai—India’s most valuable real estate market—since acquiring land in the region in 2017.
The company operates primarily under the brand name “Lotus Developers”, which has gained significant recognition in premium real estate circles. The company attributes its growth to its promoter’s leadership, execution capabilities, customer-oriented sales approach, and the trust built around the Lotus Developers brand.
Project Categories
Sri Lotus Developers and Realty Limited undertakes the following types of projects:
- Greenfield Projects: Developed on parcels of raw land acquired by the company, without existing infrastructure.
- Redevelopment Projects: Carried out through development agreements with housing societies, commercial unit holders, or other stakeholders.
- Joint Development Projects: In collaboration with landowners or long-term leaseholders. In these ventures, the company typically receives a share of the developed property, revenue, or profits—or a mix of both.
As of June 30, 2025, the company has completed 0.93 million square feet of developable area across both residential and commercial properties. The business currently focuses on:
- Commercial Segment: Construction and development of high-end commercial office spaces.
- Luxury Residential Segment: Construction of 2BHK and 3BHK flats priced between ₹3 crore and ₹7 crore.
- Ultra-Luxury Residential Segment: Construction of 3BHK, 4BHK, and penthouses priced above ₹7 crore.
Project Portfolio Summary (as of June 30, 2025)
As of June 30, 2025, Sri Lotus Developers and Realty Limited has a robust portfolio comprising 20 real estate projects with a total developable area of approximately 6.71 million sq. ft and an estimated saleable area of around 2.32 million sq. ft. The completed portfolio includes 4 projects—2 residential and 2 commercial—covering 931,448 sq. ft of developable area. The company is currently developing 5 residential projects with a combined developable area of 797,292 sq. ft. Additionally, 11 upcoming projects are in the pipeline, comprising 8 residential and 3 commercial developments, contributing nearly 5 million sq. ft to the future project pipeline. This mix of completed, ongoing, and upcoming projects reflects the company’s growing presence in Mumbai’s luxury and ultra-luxury real estate segment.
Technology Integration
The company leverages 3D Building Information Modelling (BIM) software to enhance construction productivity and cost efficiency. It also provides virtual reality walkthroughs to enrich the customer experience and improve project engagement.
Future Growth Plans
While the company has historically focused on the western suburbs of Mumbai, it now aims to expand into:
- Southern and Central Mumbai, including areas like Nepean Sea Road and Prabhadevi
- Eastern suburbs, including Ghatkopar
- Select commercial projects in premium localities like Juhu and Andheri West
Competitive Strengths
- Strong Presence in Premium Markets: Well-established position in the ultra-luxury and luxury residential segment of Mumbai’s western suburbs, supported by a customer-centric approach and a robust project pipeline.
- Premium Brand Recognition: The “Lotus Developers” brand enables the company to command a premium (~22%) over average market prices in key areas like Juhu. This also facilitates strong pre-sales during early phases of construction.
- Asset-Light Business Model: The company primarily follows an asset-light development strategy via redevelopment and joint development agreements, allowing for enhanced cash flow and reduced capital expenditure.
- End-to-End Project Execution Capabilities: From planning and design to execution and sales, the company maintains control over the full development lifecycle, leading to timely delivery and consistent quality.
- Experienced Promoters and Management Team: Led by seasoned professionals with deep experience in real estate development, project management, and strategic expansion across Mumbai.
Bidding Starts In
Sri Lotus Developers & Realty IPO Specifics:
| IPO Date | July 30, 2025 to August 1, 2025 |
| Listing Date | Wednesday, 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 up to ₹792.00 Cr) |
| Fresh Issue | 5,28,00,000 shares (aggregating up to ₹792.00 Cr) |
| Employee Discount | ₹14 |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 43,59,09,986 shares |
| Share Holding Post Issue | 48,87,09,986 shares |
Sri Lotus Developers & Realty IPO Timetable (Important Dates)
| IPO Open Date | Wednesday, July 30 2025 |
| IPO Close Date | Friday, August 1 2025 |
| Basis of Allotment | Monday, August 4 2025 |
| Initiation of Refunds | Tuesday, August 5 2025 |
| Credit of Shares to Demat | Tuesday, August 5 2025 |
| Listing Date | Wednesday, August 6 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 1, 2025 |
Sri Lotus Developers & Realty IPO Lot Size
Bidders have the opportunity to bid for a minimum of 100 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 100 | ₹15,000 |
| Retail (Max) | 13 | 1300 | ₹1,95,000 |
| S-HNI (Min) | 14 | 1400 | ₹2,10,000 |
| S-HNI (Max) | 67 | 6600 | ₹9,90,000 |
| B-HNI (Min) | 68 | 6700 | ₹10,05,000 |
Sri Lotus Developers & Realty IPO Reservation
| QIB Shares Offered | Not more than 50% of the Net offer |
| Retail Shares Offered | Not less than 35% of the Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Offer |
Sri Lotus Developers & Realty Limited IPO Financial Information
| Period Ended | 31 Mar 2023 | 31 Mar 2024 | 31 Mar 2025 |
|---|---|---|---|
| Assets | 486.23 | 736.81 | 1218.60 |
| Revenue | 169.95 | 466.19 | 569.28 |
| Profit After Tax | 16.80 | 119.14 | 227.89 |
| EBITDA | 20.84 | 158.55 | 288.97 |
| Net Worth | 48.36 | 169.56 | 932.44 |
| Reserves & Surplus | 28.32 | 149.60 | 888.93 |
| Total Borrowing | 328.93 | 428.24 | 122.13 |
Key Performance Indicator – Sri Lotus Developers & Realty IPO
| KPI | Values |
|---|---|
| Market Cap | ₹7330.65 Cr |
| EPS | 5.23 |
| P/E (x) | 28.69 |
| ROE | 24.39% |
| ROCE | 27.22% |
| PAT Margin | 41.46% |
| RoNW | 24.39% |
| Debt/Equity | 0.13 |
Objects of the Issue:
Sri Lotus Developers and Realty Limited proposes to utilize the net proceeds from its Initial Public Offering (IPO) for the following purposes:
- Investment in Subsidiaries:
An amount of ₹550.00 crore will be invested in the company’s subsidiaries — Richfeel Real Estate Private Limited, Dhyan Projects Private Limited, and Tryksha Real Estate Private Limited. These funds will be used to partly finance the development and construction costs of their respective ongoing real estate projects: Amalfi, The Arcadian, and Varun. - General Corporate Purposes:
The remaining funds will be allocated towards general corporate activities, including but not limited to working capital requirements, brand building, and administrative expenses.
Prospectus Links:
Prospectus: Official documents that provide detailed information about the IPO and the company.
