All details for Sri Lotus Developers IPO: Dates, price, subscription, financials, objectives, KPIs, registrar, and company overview.
Dates & Price Band To Be Announced
Sri Lotus Developers IPO: At a Glance
IPO Timeline
| IPO Activity | Date |
|---|---|
| IPO Open Date | To be announced |
| IPO Close Date | To be announced |
| Tentative Allotment | To be announced |
| Refunds Initiation | To be announced |
| Credit of Shares to Demat | To be announced |
| IPO Listing Date | To be announced |
IPO Price & Lot Size
| Issue Price Band | To be announced |
|---|---|
| Market Lot | To be announced |
Company Financials (₹ Crore)
Bar Chart: Revenue, PAT & Net Worth
Line Chart: Revenue, PAT & Net Worth
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 30 Sep 2024 | 1,012.74 | 247.55 | 90.63 | 398.3 | 462.18 |
| 31 Mar 2024 | 736.81 | 466.19 | 119.81 | 169.56 | 428.24 |
| 31 Mar 2023 | 486.23 | 169.95 | 16.29 | 48.36 | 328.93 |
| 31 Mar 2022 | 424.52 | 103.18 | 12.51 | 31.69 | 336.13 |
Key Performance Indicators (KPI)
| KPI | Values |
|---|---|
| ROE | 70.68% |
| ROCE | 26.28% |
| Debt/Equity | 2.51 |
| RoNW | 70.68% |
| PAT Margin | 25.96% |
Objects of the Issue
| S.No. | Objects |
|---|---|
| 1 | Investment in Subsidiaries (Richfeel Real Estate, Dhyan Projects, Tryksha Real Estate) for project funding |
| 2 | General corporate purposes |
About Sri Lotus Developers & Realty Ltd.
Incorporated: February 2015
Business: Developer of residential and commercial properties in Mumbai’s western suburbs, specializing in ultra-luxury and luxury redevelopment projects.
Development Area: 0.68 million sq ft (Nov 2024)
Segments:
- Luxury Residential: 2BHK/3BHK priced ₹3–7 cr
- Ultra Luxury Residential: 3BHK/4BHK/penthouses, 4+ BHK, >₹7 cr
- Commercial office spaces
Promoters: Anand Kamalnayan Pandit, Roopa Anand Pandit, Ashka Anand Pandit
Strengths:
- Positioned in ultra luxury/luxury Mumbai real estate
- Strong brand, premium pricing
- Asset-light development model, strong cash flow
- End-to-end capabilities, timely completion
- Experienced promoters and management
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 has not been announced yet. The company has filed its DRHP with SEBI and is awaiting approval. The price band will be determined through the book-building process and will be announced closer to the IPO date.
The exact dates for the IPO subscription period have not been finalized yet. Based on the DRHP filing timeline, the IPO is expected to open in Q3 2025. The specific opening and closing dates will be announced after SEBI approval and in consultation with the book running lead managers.
The minimum investment amount will depend on the final price band and lot size, which will be announced later. Typically, the minimum investment in Indian IPOs is around ₹14,000-₹15,000 for retail investors, based on 1 lot of shares.
You can apply for the IPO through:
- Your bank's net banking platform (ASBA facility)
- Brokerage accounts (online or offline)
- Registered investment platforms
- Designated branches of syndicate banks
The exact application process will be detailed in the RHP (Red Herring Prospectus) when the IPO dates are announced.
Sri Lotus Developers operates in the luxury and ultra-luxury residential real estate segment in Mumbai's western suburbs. Their revenue comes from:
- Sale of residential units (2BHK/3BHK in luxury segment, 3BHK+/penthouses in ultra-luxury)
- Commercial office space development
- Redevelopment projects
- Joint development agreements
The company follows an asset-light model focusing on premium properties with strong margins.
Some key risks to consider:
- Market concentration risk: Dependence on Mumbai's real estate market
- Regulatory risks: Changes in real estate laws and RERA regulations
- Execution risks: Delays in project completion
- Economic risks: Sensitivity to interest rate changes and economic cycles
- Competition: Intense competition in luxury real estate segment
Investors should carefully review the risk factors section in the RHP before investing.
As per the DRHP, the net proceeds from the IPO will be utilized for:
- Funding ongoing and upcoming residential projects through subsidiaries
- General corporate purposes
- Meeting working capital requirements
The exact allocation will be detailed in the final prospectus with specific amounts for each purpose.
Sri Lotus Developers has:
- 3 completed projects totaling 0.28 million sq ft
- 6 ongoing projects covering 0.32 million sq ft
- 7 upcoming projects in pipeline
- Average project completion time of 36-42 months
- No significant delays reported in past projects
The company emphasizes timely delivery as part of its brand promise in the luxury segment.
As of September 30, 2024:
- Total borrowings: ₹462.18 crore
- Debt-to-equity ratio: 2.51
- Interest coverage ratio: 4.2x
Part of the IPO proceeds may be used to reduce debt and improve the capital structure.
The book running lead managers for Sri Lotus Developers IPO are:
- ICICI Securities Limited
- Axis Capital Limited
- JM Financial Limited
These institutions are responsible for managing the IPO process, including investor roadshows, price discovery, and allocation.
