Sri Lotus Developers & Realty IPO
Bookbuilding IPO | ₹792.00 Cr | Listing at BSE, NSE
IPO Open
Wed, Jul 30, 2025
IPO Close
Fri, Aug 01, 2025
Price Band
₹140.00 to ₹150.00
Market Cap (Pre-IPO)
₹7,330.65 Cr
IPO Details
| IPO Date | Jul 30, 2025 to Aug 01, 2025 |
| Listing Date | Tentative: Aug 06, 2025 |
| Face Value | ₹1.00 per share |
| Price Band | ₹140.00 to ₹150.00 |
| Lot Size | 100 Shares (Minimum: ₹15,000.00) |
| Sale Type | Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹792.00 Crores |
| Total Shares Offered | 52,813,724 shares |
| Offer For Sale | 52,813,724 shares |
Subscription Data
| Category | Times Subscribed |
|---|---|
| QIB | 175.61x |
| NII | 61.82x |
| RII | 21.77x |
| Total | 74.10x |
Sri Lotus Developers & Realty IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 2,63,33,332 (49.86%) |
| Retail Shares Offered | 1,84,33,334 (34.90%) |
| NII Shares Offered | 79,00,000 (14.96%) |
Sri Lotus Developers & Realty IPO Lot Size
Investors can bid for a minimum of 100 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 100 | ₹15,000 |
| Retail (Max) | 13 | 1,300 | ₹195,000 |
| S-HNI (Min) | 14 | 1,400 | ₹210,000 |
| S-HNI (Max) | 66 | 6,600 | ₹990,000 |
| B-HNI (Min) | 67 | 6,700 | ₹1,005,000 |
Sri Lotus Developers & Realty Financial Information (Restated Consolidated)
Sri Lotus Developers & Realty Ltd.'s revenue increased by 22% and profit after tax (PAT) rose by 91% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 1,218.60 | 736.81 | 486.23 |
| Total Income | 569.28 | 466.19 | 169.95 |
| Profit After Tax | 227.89 | 119.14 | 16.80 |
| EBITDA | 288.97 | 158.55 | 20.84 |
| NET Worth | 932.44 | 169.56 | 48.36 |
| Reserves and Surplus | 888.93 | 149.60 | 28.32 |
| Total Borrowing | 122.13 | 428.24 | 328.93 |
Amount in ₹ Cr
Key Performance Indicators
As of Monday, March 31, 2025| KPI | Values |
|---|---|
| ROE (Return on Equity) | 24.39% |
| ROCE (Return on Capital Employed) | 27.22% |
| Debt/Equity | 0.13 |
| RoNW (Return on Net Worth) | 24.39% |
| PAT Margin (Profit After Tax Margin) | 41.46% |
| EBITDA Margin | 52.57% |
| Price to Book Value | 7.01 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 5.23 | 4.66 |
| P/E (x) | 28.69 | 32.17 |
| Promoter Holding | 91.78% | 81.86% |
Company Promoters
- The promoters of the Company are Anand Kamalnayan Pandit
- Roopa Anand Pandit and Ashka Anand Pandit.
Company Overview
Incorporated in February 2015, Sri Lotus Developers and Realty Limited is a developer of residential and commercial properties located in Mumbai, Maharashtra, specializing in redevelopment projects within the ultra-luxury and luxury segments of the western suburbs.
As of June 30, 2025, the company possesses a developable area of 0.93 million square feet, encompassing residential and commercial properties.
The company's developmental focus is primarily directed towards ultra-luxury and luxury residential properties, in addition to commercial properties, through the following initiatives:
- The construction and development of the flats identified as 2BHK and 3 BHK, which are priced within the range of ₹3 crores to ₹7 crores, is categorized under the "Luxury Residential Segment."
- The construction and development of 3BHK and 4 BHK, along with flats and penthouses exceeding four bedrooms (4+ BHK), rentals pricing surpasses ₹7 crores. This offering is integrated with the Luxury Residential Segment
- The construction and development of commercial office spaces ("Commercial") Segment”).
As of June 30, 2025, the company has four (4) Completed Projects, five (5) Ongoing Projects and eleven (11) Upcoming Projects.
Company Strengths
- Positioned in the Ultra Luxury and Luxury residential real estate markets of Mumbai's Western Suburbs, focusing on customer needs with a strong project pipeline.
- Strong brand recognition with the ability to sell at premium pricing, allowing us to sell throughout the construction phase.
- Asset-light model for development of projects through development agreements, enabling us to maintain the high level of cash flow generated from operating activities.
- End-to-end capabilities and timely completion of projects.
- Experienced Promoters and management team.
Use of Proceeds
| 1) | Investment in the Subsidiaries, Richfeel Real Estate Private Limited, Dhyan Projects Private Limited and Tryksha Real Estate Private Limited for part-funding development and construction cost of their Ongoing Projects, Amalfi, The Arcadian and Varun, respectively | 550.00 |
| 2) | General corporate purposes | 182.29 |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Sri Lotus Developers & Realty IPO Peer Comparison
Sri Lotus Developers & Realty peer comparison with similar listed entities. (As on March 31, 2025)| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Sri Lotus Developers And Realty Limited | 5.51 | 5.51 | 21.39 | 0.00 | 24.39 | - | Consolidated |
| Arkade Developers Limited | 9.25 | 9.25 | 47.60 | 22.03 | 17.76 | 4.32 | Consolidated |
| Keystone Realtors Limited | 13.85 | 13.71 | 219.95 | 48.18 | 6.20 | 3.05 | Consolidated |
| Suraj Estate Developers Limited | 21.80 | 19.70 | 195.08 | 14.91 | 11.10 | 1.67 | Consolidated |
| Sunteck Realty Limited | 10.26 | 10.26 | 222.54 | 43.26 | 4.61 | 2.00 | Consolidated |
| Mahindra Lifespaces Limited | 3.95 | 3.95 | 122.26 | 91.43 | 3.23 | 2.96 | Consolidated |
| Hubtown Limited | 4.39 | 4.25 | 177.60 | 68.20 | 1.93 | 1.69 | Consolidated |
Quick Info
| Sector | Real Estate |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹7,330.65 Cr |
| GMP | 0.00 |
Important Dates
| IPO Open | Jul 30, 2025 |
| IPO Close | Aug 01, 2025 |
| Allotment Date | Aug 04, 2025 |
| Credit to Demat | Aug 05, 2025 |
| Listing Date | Tentative: Aug 06, 2025 |
Lead Manager(s)
Motilal Oswal Investment Advisors Ltd.
Registrar
Kfin Technologies Ltd.
04067162222, 04079611000
Description
- pers IPO bidding started from Jul 30, 2025 and ended on Aug 1, 2025. The allotment for Sri Lotus Developers IPO was finalized on Aug 4, 2025. The shares got listed on BSE, NSE on Aug 6, 2025.
- Sri Lotus Developers IPO price band is set at ₹150.00 per share . The lot size for an application is 100. The minimum amount of investment required by an retail is ₹15,000 (100 shares) (based on upper price). The lot size investment for sNII is 14 lots (1,400 shares), amounting to ₹2,10,000, and for bNII, it is 67 lots (6,700 shares), amounting to ₹10,05,000.
- The issue includes a reservation of up to 1,47,058 shares for employees offered at a discount of ₹14.00 to the issue price.