Sri Lotus Developers and Realty was incorporated on February 17, 2015. The company develops residential and commercial properties in Mumbai, focusing on ultra-luxury and luxury redevelopment projects in the western suburbs. It prioritizes customer satisfaction by creating environments that elevate lifestyles
| Bidding Dates |
|---|
| 30 Jul 2025 - 01 Aug 2025 |
| Subscription |
|---|
| 69.14x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,000 | 1 | 13 | 100 | 52.8 M | ₹140 - ₹150 | 81.86 % | ₹7392.0 M - ₹7920.0 M | RHP DOC |
Sri Lotus Developers IPO SUBSCRIPTION STATUS
01 Aug '25Sri Lotus Developers IPO overall subscription rate was 69.14 times the total available shares
Sri Lotus Developers IPO retail subscription rate was 20.28 times in the retail segment
Sri Lotus Developers IPO non-institutional investor subscription rate was 57.71 times in the non-institutional investor category
Sri Lotus Developers IPO Qualified Institutional Bidder subscription rate was 163.9 times the available shares for Qualified Institutional Bidder
Sri Lotus Developers IPO Employees subscription rate was 19.84 times in the Employees category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers | Employees |
|---|---|---|---|---|
| Category Reservation | 35% | 15% | 50% | - |
01 Aug 2025 (Day 3) | 20.28x | 57.71x | 163.9x | 19.84x |
31 Jul 2025 (Day 2) | 8.9x | 15.96x | 8.69x | 7.83x |
30 Jul 2025 (Day 1) | 2.84x | 3.1x | 5.31x | 3.01x |
Sri Lotus Developers FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 549.7 | 227.9 | -19.5 | -20.7 | 52.6% |
| FY24 | 461.6 | 119.1 | 46.2 | 45.6 | 34.4% |
| FY23 | 166.9 | 16.8 | 71.1 | 70.4 | 12.5% |
Sri Lotus Developers IPO SUBSCRIPTION STATUS DETAILS
Sri Lotus Developers had 52.8 M shares on offer
Sri Lotus Developers IPO offer price was in the range ₹140 - ₹150
Sri Lotus Developers IPO minimum Investment was ₹14000
Sri Lotus Developers IPO issue size was ₹ 7392.0 M - ₹ 7920.0 M
Sri Lotus Developers had a minimum lot size of 100 Shares per application
Sri Lotus Developers NUMBER OF SHARES ON OFFER
Sri Lotus Developers IPO IMPORTANT DATES
| Issue Open Date | 30 Jul 2025 |
| Issue close Date | 01 Aug 2025 |
| Allotment Date | 04 Aug 2025 |
| Refund Date | 05 Aug 2025 |
| Demat Account Credit Date | 05 Aug 2025 |
| Listing Date | 06 Aug 2025 |
| Listing on Exchange(s) | NSE and BSE |
| Sri Lotus Developers Allotment Status | Exchange/ Registrar |
Sri Lotus Developers IPO subscription opened on 30 Jul 2025, and closed on 01 Aug 2025
IPO allotment for Sri Lotus Developers was finalized on Monday, 04 Aug 2025
IPO listing for Sri Lotus Developers was on NSE and BSE on Wednesday, 06 Aug 2025
Sri Lotus Developers IPO LISTING GAINS
| Issue Price (adjusted) | 150.0 |
| Listing Open Price | 178.0 |
| Listing Close Price | 196.8 |
| Listing Gain% | 18.7% |
| Current Gain% | 11.8% |
Sri Lotus Developers Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sri Lotus Developers and Realty Ltd. | 167.7 | 8196.6 | 31.9 | 1.5 | 9.8 | 12.4 | 10.1 | 818.7 | 43.8 | 237.1 | 4.3 | 5.3 | 20.7 |
| DLF Ltd. | 650.1 | 160920 | 36.2 | -41.9 | 23.8 | 9.7 | 5.9 | 9816 | 9.1 | 4414.7 | 1.1 | 18 | -0.9 |
| Lodha Developers Ltd. | 1212 | 121094.4 | 29.4 | 0.7 | 6.7 | 14.7 | 5.8 | 17119.5 | 20.8 | 3428.2 | 24 | 41.3 | 39.2 |
| Prestige Estates Projects Ltd. | 1585.9 | 68309.5 | 60 | 0.5 | 5.2 | 7.3 | 1.6 | 13195.5 | 70.6 | 1195.5 | 155.7 | 26.4 | 115.9 |
| Phoenix Mills Ltd. | 1908.7 | 68267.3 | 53.3 | 1.8 | 15 | 11.1 | 5.4 | 4593.6 | 15.9 | 1223.8 | 24.3 | 35.8 | 29 |
| Oberoi Realty Ltd. | 1793.6 | 65215.7 | 24.8 | 0.9 | 10.3 | 14 | 9.9 | 6304.3 | 15.2 | 2507.4 | 12.7 | 72.3 | 27.5 |
Sri Lotus Developers INFORMATION ON IPO ISSUE
About Sri Lotus Developers
Sri Lotus Developers and Realty was incorporated on February 17, 2015. The company develops residential and commercial properties in Mumbai, focusing on ultra-luxury and luxury redevelopment projects in the western suburbs. It prioritizes customer satisfaction by creating environments that elevate lifestyles
Object of the Issue
- Investment in subsidiaries Richfeel Real Estate, Dhyan Projects, and Tryksha Real Estate for part-funding development and construction cost of its ongoing projects, Amalfi, The Arcadian and Varun, respectively
- General corporate purposes
Sri Lotus Developers - PROMOTERS
| Name |
|---|
| Anand Kamalnayan Pandit |
| Roopa Anand Pandit |
| Ashka Anand Pandit |
Sri Lotus Developers - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Anand Kamalnayan Pandit | Chairman & Managing Director |
| Roopa Anand Pandit | Non Executive Non Independent Director |
| Ashka Anand Pandit | Whole Time Director |
| Madhukant Sanghvi | Independent Director |
| Ved Prakash Bhardwaj | Independent Director |
| Priti Desai | Independent Director |
Sri Lotus Developers Book Running Lead Manager
Monarch Networth Capital Limited
ecm@mnclgroup.com
Motilal Oswal Investment Advisors Limited
lotus.ipo@motilaloswal.com
Sri Lotus Developers Registrar to the Offer
KFin Technologies Limited
srilotus.ipo@kfintech.com
Sri Lotus Developers Strengths
Brand recognition
The company's projects are executed under the name "Lotus Developers," it focuses on customer satisfaction, quality, luxury construction, strong project execution, contemporary architecture, and timely delivery, which have contributed to establishing a reputable brand
Asset-light model
The company follows an asset-light model for project development through development agreements, ensuring a high level of cash flow from operating activities
End to end capabilities
The company is known for consistently delivering projects on or ahead of schedule, which has been a key factor in its growth and success in the real estate development industry in India
Sri Lotus Developers Risks
Dependent on contractors
The company relies heavily on third-party contractors for project construction and development. Any failure by these contractors to fulfill their obligations could negatively impact the company's business, operations, and cash flows
Price fluctuations & labor shortage
Increases in the prices, shortages, delays, or disruptions in the supply of construction materials and contract labor could lead to cost overruns and delays, adversely affecting estimated construction costs and project timelines
Competition
As the business model primarily focuses on redevelopment projects, there is a risk that bids for society redevelopment projects may not always be accepted. The inability to qualify, compete, or win such projects could negatively impact the business and results of operations
IPO FAQs
The promoters of the company are Anand Kamalnayan Pandit, Roopa Anand Pandit and Ashka Anand Pandit.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 140.0 - 150.0.
The IPO application opens on Jul 30, 2025 and closes on Aug 01, 2025.
The minimum lot size for the IPO is 100. The maximum lot size for the IPO is 1300.
For all category investors, the minimum application amount for this IPO is Rs. 14,000.0, the maximum value for this IPO is Rs 195,000.0.
This IPO will be allotted on Aug 04, 2025.
The refund will be credited to your account on Aug 05, 2025.
The allotted shares will be credited to your demat on Aug 05, 2025.
Sri Lotus Developers and Realty Ltd.’s shares listed on the stock exchanges on Aug 06, 2025.