Sri Lotus Developers IPO Details: βΉ792 Cr Fresh Issue Opens July 30
Sri Lotus Developers IPO is a book-built issue worth βΉ792 crore, consisting entirely of a fresh issue of 5.28 crore equity shares. The IPO will open for subscription on July 30, 2025, and close on August 1, 2025.
The allotment date is expected on Monday, August 4, 2025, and the shares are likely to be listed on the BSE and NSE by Wednesday, August 6, 2025.
The price band for Sri Lotus Developers IPO is set between βΉ140 to βΉ150 per share. Retail investors can apply for a minimum lot size of 100 shares, requiring an investment of βΉ14,000. For small non-institutional investors (sNII), the minimum application is 14 lots (1,400 shares) costing βΉ2,10,000, while for big non-institutional investors (bNII), itβs 67 lots (6,700 shares) amounting to βΉ10,05,000.
This IPO presents a fresh opportunity for investors looking to participate in the growing real estate and development sector.
Sri Lotus Developers IPO Details
| General | Details |
|---|---|
| IPO Date | July 30, 2025 to August 1, 2025 |
| Listing Date | [.] |
| Face Value | βΉ1 per share |
| Issue Price Band | βΉ140 to βΉ150 per share |
| Lot Size | 100 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 5,28,00,000 shares (aggregating up to βΉ792.00 Cr) |
| Employee Discount | βΉ14.00 |
| Issue Type | Bookbuilding 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 IPO Timeline
Sri Lotus Developers IPO will open for subscription on July 30, 2025, and close on August 1, 2025.
| IPO Timeline | Dates |
|---|---|
| IPO Open Date | Wed, Jul 30, 2025 |
| IPO Close Date | Fri, Aug 1, 2025 |
| Tentative Allotment | Mon, Aug 4, 2025 |
| Initiation of Refunds | Tue, Aug 5, 2025 |
| Credit of Shares to Demat | Tue, Aug 5, 2025 |
| Tentative Listing Date | Wed, Aug 6, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 1, 2025 |
Sri Lotus Developers IPO Lot Size
In the Sri Lotus Developers IPO, investors can bid for a minimum of 100 shares and in multiples thereafter. The table below shows the minimum and maximum investment limits for retail and HNI categories.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 100 | βΉ15,000 |
| Retail (Max) | 13 | 1,300 | βΉ1,95,000 |
| S-HNI (Min) | 14 | 1,400 | βΉ2,10,000 |
| S-HNI (Max) | 66 | 6,600 | βΉ9,90,000 |
| B-HNI (Min) | 67 | 6,700 | βΉ10,05,000 |
Sri Lotus Developers IPO Promoter Holding
The promoters of the Company are Anand Kamalnayan Pandit, Roopa Anand Pandit and Ashka Anand Pandit.
| Share Holding Pre Issue | 91.78% |
| Share Holding Post Issue | 81.86% |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
Sri Lotus Developers IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net Issue |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII Shares Offered | Not less than 15.00% of the Net Issue |
Investor Category Reservations
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Up to Rs 5 Lakhs | Yes |
| Employee + RII/NII | Employee limit: Up to Rs 5 Lakhs (In certain cases, employees are given discount if bidding amount is upto Rs. 2 lakhs)If applying as RII: Upto Rs. 2 lakhsIf applying as NII: sNII > Rs. 2 lakhs and upto Rs. 10 lakhs and bNII > Rs. 10 lakhs | Yes for Employee and RII/NII |
About Sri Lotus Developers & Realty IPO
Sri Lotus Developers & Realty Ltd. began its journey in February 2015 as AKP Holdings Private Limited. In December 2024, it transitioned into a public company and rebranded as Sri Lotus Developers & Realty Ltd. The company focuses on redevelopment and joint development projects, primarily in the luxury and ultra-luxury residential and commercial segments across Mumbai.
As of November 2024, the company holds a total developable area of 0.68 million sq. ft., with 3 completed, 6 ongoing, and 7 upcoming projects. With a strong presence in Mumbaiβs western suburbs such as Juhu, Andheri, and Malad, the Sri Lotus Developers IPO is set to capitalize on the booming demand in these premium localities.
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By FY 2024, Sri Lotus Developers & Realty Ltd. reported revenue of βΉ467 crore and a profit of βΉ119.8 crore, up sharply from the previous year. The company raised βΉ400 crore in pre-IPO placement from well-known investors, setting the stage for the βΉ792 crore Sri Lotus Developers IPO. This reflects investor confidence in the brandβs growth and profitability.
Led by promoter Anand Kamalnayan Pandit, who brings 24+ years of experience in real estate, the company has built a reputation for navigating society negotiations and redevelopment approvals. Funds from the Sri Lotus Developers IPO will go toward ongoing luxury projects such as Amalfi, The Arcadian, and Varun.
With backing from high-profile investors like Amitabh Bachchan, Hrithik Roshan, and Ashish Kacholia, the Sri Lotus Developers IPO has received significant media buzz. Their involvement adds brand value and strengthens the company’s image in the luxury development space.
Products
- Ultra-Luxury Residences: 3BHK, 4BHK, and penthouses in western Mumbai priced βΉ7 crore and above
- Luxury Apartments: 2BHK and 3BHK units priced between βΉ3 crore to βΉ7 crore
- Commercial Spaces: Premium-grade commercial office spaces in locations like Andheri, Juhu, and Malad
Company Strengths
- Proven expertise in redevelopment projects with an asset-light model to reduce land acquisition cost
- Strong foothold in Mumbaiβs high-demand micro-markets, enabling price premiums of up to 22%
- Trusted promoter with deep industry relationships and approval experience
- Tech-enabled planning and construction using BIM, CRM tools, and virtual walkthroughs
- Backed by celebrity investors and prominent names, enhancing trust in Sri Lotus Developers IPO
Company Financials
Sri Lotus Developers & Realty Ltd. Financial Information
Sri Lotus Developers & Realty Ltd. reported a 22% year-on-year increase in revenue and a remarkable 91% surge in profit after tax (PAT) between the financial years ending March 31, 2024, and March 31, 2025.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 1,218.60 | 736.81 | 486.23 |
| Revenue | 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 βΉ Crore | |||
Key Performance Indicator (KPI)
The market capitalization of Sri Lotus Developers IPO is estimated at βΉ7,330.65 crore, reflecting strong investor interest and the company’s valuation in the premium real estate segment.
| 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 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.23 | 4.66 |
| P/E (x) | 28.69 | 32.17 |
- Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2025 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2025 that is available in RHP.
Objects of the Issue
| S.No. | Objects of the Issue | Expected Amount (βΉ in crores) |
|---|---|---|
| 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 |
Sri Lotus Developers & Realty IPO Contact Details
Sri Lotus Developers & Realty Ltd. Contact Details
- 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 - Phone: +91 7506283400
- Email: investors@lotusdevelopers.com
- Website: https://www.lotusdevelopers.com/
Sri Lotus Developers IPO Registrar
- Kfin Technologies Limited
- Phone: 04067162222, 04079611000
- Email: srilotus.ipo@kfintech.com
- Website: https://kosmic.kfintech.com/ipostatus/
- Price band: βΉ140 to βΉ150 per share
- Lot size: 100 shares
- Retail minimum investment: βΉ14,000
- sNII investment: 14 lots (βΉ2,10,000)
- bNII investment: 67 lots (βΉ10,05,000)
- Market Capitalization: βΉ7,330.65 crore
- Revenue Growth (FY25 vs FY24): 22%
- Profit After Tax (PAT) Growth: 91%
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