Complete details: IPO dates, price, financials, objectives, KPIs, registrar, and business overview.
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Sri Lotus Developers IPO: At a Glance
IPO Timeline
| IPO Activity | Date |
|---|---|
| IPO Open Date | July 30, 2025 |
| IPO Close Date | August 1, 2025 |
| Basis of Allotment (Tentative) | August 4, 2025 |
| Refunds Initiation (Tentative) | August 5, 2025 |
| Credit of Shares to Demat (Tentative) | August 5, 2025 |
| IPO Listing Date (Tentative) | August 6, 2025 |
IPO Price & Lot Size
| Issue Price Band | ₹140 – ₹150 per share |
|---|---|
| Market Lot | 100 Shares |
| Retail Min | 1 lot (100 shares) – ₹15,000 |
| Retail Max | 13 lots (1,300 shares) – ₹1,95,000 |
| S-HNI Min | 14 lots (1,400 shares) – ₹2,10,000 |
| S-HNI Max | 66 lots (6,600 shares) – ₹9,90,000 |
| B-HNI Min | 67 lots (6,700 shares) – ₹10,05,000 |
Company Financials (₹ Crore)
Bar Chart: Revenue, PAT & Net Worth
Line Chart: Revenue, PAT & Net Worth
| Period Ended | Assets | Revenue | Profit After Tax | EBITDA | Net Worth | Reserves & Surplus | Total Borrowing |
|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 1,218.60 | 569.28 | 227.89 | 288.97 | 932.44 | 888.93 | 122.13 |
| 31 Mar 2024 | 736.81 | 466.19 | 119.14 | 158.55 | 169.56 | 149.60 | 428.24 |
| 31 Mar 2023 | 486.23 | 169.95 | 16.80 | 20.84 | 48.36 | 28.32 | 328.93 |
Key Performance Indicators (KPI)
| KPI | Values |
|---|---|
| ROE | 24.39% |
| ROCE | 27.22% |
| Debt/Equity | 0.13 |
| RoNW | 24.39% |
| PAT Margin | 41.46% |
| EBITDA Margin | 52.57% |
| Price to Book Value | 7.01 |
| EPS (Pre IPO) | 5.23 |
| EPS (Post IPO) | 4.66 |
| P/E (Pre IPO) | 28.69 |
| P/E (Post IPO) | 32.17 |
Objects of the Issue
| S.No. | Objects of the Issue | Expected Amount (₹ Cr.) |
|---|---|---|
| 1 | Investment in Subsidiaries for part-funding development and construction of ongoing projects | 550.00 |
| 2 | General Corporate Purpose | – |
About Sri Lotus Developers & Realty Ltd.
Incorporated: 2015
Business: Developer of residential and commercial properties in Mumbai, specializing in ultra-luxury/luxury redevelopment.
Developable Area (as of June 2025): 0.93 million sq.ft.
Projects: 4 Completed, 5 Ongoing, 11 Upcoming.
Promoters: Anand Kamalnayan Pandit, Roopa Anand Pandit, Ashka Anand Pandit
- Focus on ultra-luxury/luxury real estate in Mumbai’s Western Suburbs
- Premium pricing and strong brand recognition
- Asset-light project development model
- Experienced promoters and management
- End-to-end capabilities and timely project completion
Contact Details
5th & 6th Floor, Lotus Tower, 1 Jai Hind Society, N S Road No. 12/A,
JVPD Scheme, Juhu, Mumbai, Maharashtra, 400049
Phone: +91 7506283400
Email: investors@lotusdevelopers.com
Website: https://www.lotusdevelopers.com
Frequently Asked Questions (FAQ)
The price band for Sri Lotus Developers IPO is ₹140 to ₹150 per share, with an employee discount of ₹14 per share.
The IPO is scheduled to open for subscription on July 30, 2025, and close on August 1, 2025.
The minimum investment for retail investors is ₹15,000 (100 shares at the upper price band of ₹150 per share). The minimum lot size is 100 shares. For small HNI (sNII), the minimum investment is ₹2,10,000 (1,400 shares or 14 lots). For big HNI (bNII), the minimum investment is ₹10,05,000 (6,700 shares or 67 lots). Employees can invest up to ₹5,00,000 with a ₹14 per share discount.
You can apply for the IPO through:
- Your bank's net banking platform (ASBA facility)
- Brokerage accounts, using UPI or offline forms
- Registered investment platforms
- Designated branches of syndicate banks
Retail investors and employees can bid at the cut-off price. Detailed instructions are available in the Red Herring Prospectus (RHP).
Sri Lotus Developers & Realty Ltd. specializes in developing ultra-luxury and luxury residential and commercial properties in Mumbai’s western suburbs, focusing on redevelopment projects. Its revenue sources include:
- Luxury residential segment: 2BHK and 3BHK flats priced between ₹3 Cr to ₹7 Cr
- Ultra-luxury residential segment: 3BHK, 4BHK, and 4+ BHK flats and penthouses priced above ₹7 Cr
- Commercial segment: Development of commercial office spaces
As of June 30, 2025, the company has a developable area of 0.93 million square feet, with four completed, five ongoing, and eleven upcoming projects.
Key risks to consider include:
- Market risk: Dependence on Mumbai’s luxury real estate market, sensitive to economic and demand fluctuations
- Regulatory risk: Compliance with real estate regulations and approvals for redevelopment projects
- Operational risk: Delays in project completion or cost overruns
- Debt risk: Borrowings of ₹122.13 Cr with a debt-to-equity ratio of 0.13 as of FY25
- Concentration risk: Focus on Mumbai’s western suburbs may limit geographic diversification
Investors should review the risk factors in the RHP before investing.
The net proceeds from the fresh issue (₹792.00 Cr) will be used for:
- Investment in subsidiaries (Richfeel Real Estate Pvt. Ltd., Dhyan Projects Pvt. Ltd., and Tryksha Real Estate Pvt. Ltd.) for part-funding development and construction costs of ongoing projects (Amalfi, The Arcadian, and Varun): ₹550.00 Cr
- General corporate purposes: Remaining amount
Sri Lotus Developers has shown strong growth:
- Revenue growth: ₹169.95 Cr (FY23) to ₹466.19 Cr (FY24) to ₹569.28 Cr (FY25), a 22% increase from FY24 to FY25
- Profit after tax: ₹16.80 Cr (FY23) to ₹119.14 Cr (FY24) to ₹227.89 Cr (FY25), a 91% increase from FY24 to FY25
- Net worth: ₹48.36 Cr (FY23) to ₹169.56 Cr (FY24) to ₹932.44 Cr (FY25)
- Project portfolio: 4 completed, 5 ongoing, and 11 upcoming projects with 0.93 million sq. ft. developable area as of June 30, 2025
- Strong brand recognition in Mumbai’s luxury real estate market
The company’s asset-light model and focus on premium pricing drive its growth.
As of March 31, 2025:
- Total borrowings: ₹122.13 Cr
- Debt-to-equity ratio: 0.13
- Revenue: ₹569.28 Cr, supporting strong debt servicing capacity
The company’s low debt-to-equity ratio and high revenue growth indicate a robust financial position.
The book running lead manager for the Sri Lotus Developers IPO is Motilal Oswal Investment Advisors Limited. The registrar is Kfin Technologies Limited.
Note: The information provided here is based on the RHP and available data as of July 26, 2025. For the most updated and accurate details, including subscription status and grey market premium, please refer to the Red Herring Prospectus (RHP) or consult with your financial advisor.
