
Sri Lotus Developers IPO
ListedMainboardOpens 30 July 2025Closes 1 August 2025
Sri Lotus Developers and Realty Limited, incorporated in 2015, is a residential and commercial premises developer in Mumbai, Maharashtra. The company specializes in the Ultra Luxury and Luxury Segments within Mumbai's…
Sri Lotus Developers and Realty Limited, incorporated in 2015, is a residential and commercial premises developer in Mumbai, Maharashtra. The company specializes in the Ultra Luxury and Luxury Segments within Mumbai's western suburbs, focusing on greenfield projects, redevelopment projects, and joint development projects. Their Luxury Residential Segment includes 2BHK and 3BHK flats priced between ₹3 crore and ₹7 crore, while the Ultra-Luxury Residential Segment offers 3BHK, 4BHK, and 4+BHK flats and penthouses priced above ₹7 crore. They also undertake commercial office developments.
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Key ratios
As per RHP / filingsTimeline
IPO Opens
30 Jul 2025
IPO Closes
1 Aug 2025
Allotment
4 Aug 2025
Listing
6 Aug 2025
IPO Timeline & Listing Details
| Event | Date |
|---|---|
| IPO Open Date | 30 July 2025 |
| IPO Close Date | 1 August 2025 |
| Allotment Date | 4 August 2025 |
| Listing Date | 6 August 2025 |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Retail (Min) | 1 | ₹15,000 |
Retail (Max)Just less than ₹2,00,000 | 13 | ₹1,95,000 |
SHNI (Min)Just above ₹2,00,000 | 14 | ₹2,10,000 |
SHNI (Max)Below ₹10,00,000 | 66 | ₹9,90,000 |
BHNIAbove ₹10,00,000 | 67 | ₹10,05,000 |
IPO Objectives
- 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.
- General corporate purposes.
Strengths
- They have a strong presence in Mumbai's very high-end luxury residential market, which is a high-demand area.
- The company has a solid pipeline of 16 upcoming and ongoing projects, ensuring good future sales.
- Their 'Lotus Developers' brand is well-known and lets them sell properties for about 22% more than others in the area.
- They use a smart 'asset-light' business model like redevelopments, which cuts costs and speeds up projects.
- The company is financially very strong with excellent revenue and profit growth in FY25, healthy margins, and low debt.
Weaknesses
- They are heavily focused on Mumbai's Western Suburbs, making them vulnerable if that specific market faces issues.
- The company relies a lot on outside contractors, with the top 10 handling over half their project costs, which could lead to risks.
- Being in real estate, they are always affected by big economic factors like interest rates and government policies, which are out of their control.
- They have a number of unsold homes from completed and ongoing projects, which might affect their cash flow.
- The market is very competitive, and their high valuation compared to others means they need to keep growing strongly to justify it.
Financial Performance
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 1,218.6 | 736.81 | 486.23 | 424.51 |
| Revenue (₹ Cr.) | 569.28 | 466.19 | 169.95 | 102.58 |
| PAT (₹ Cr.) | 227.89 | 119.14 | 16.8 | 12.51 |
| Net Worth (₹ Cr.) | 932.44 | 169.56 | 48.36 | 31.68 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Sri Lotus Developers | 7.01 | 32.17 | 24.39% | 932.44 |
| Arkade Developers Limited | 4.07 | 23.14 | 17.76% | 324 |
| Keystone Realtors Limited | 2.86 | 46.14 | 6.2% | 1,794 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 5.68x | 9.31x | 175.61x |
| NII | 3.32x | 17.1x | 61.82x |
| S-HNI | 4.59x | 23.09x | 67.21x |
| B-HNI | 2.69x | 14.11x | 59.13x |
| RII | 3.05x | 9.58x | 21.76x |
| EMP | 3.24x | 8.46x | 21.36x |
| Total | 3.86x | 11.1x | 74.09x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 1,05,33,334 | 1,84,97,37,200 | 27,746.06 |
| NII | 79,00,000 | 48,83,96,800 | 7,325.95 |
| Small NII | 26,33,333 | 17,69,89,400 | 2,654.84 |
| Big NII | 52,66,667 | 31,14,07,400 | 4,671.11 |
| RII | 1,84,33,333 | 40,11,44,500 | 6,017.17 |
| EMP | 1,47,059 | 31,41,700 | 47.13 |
| Total | 3,70,13,726 | 2,74,24,20,200 | 41,136.3 |
Company Details
- Sri Lotus Developers & Realty Ltd.
- 5th & 6th Floor, Lotus Tower, 1 Jai Hind Society, N S Road No. 12/A, JVPD Scheme, Juhu, Mumbai, Maharashtra-400049
- +91 7506283400
- investors@lotusdevelopers.com
- https://www.lotusdevelopers.com/
Registrar Details
- Kfin Technologies Limited
- 04067162222, 04079611000
- srilotus.ipo@kfintech.com
- https://kosmic.kfintech.com/ipostatus/
Frequently Asked Questions
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Sources
We match Sri Lotus Developers IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- Kfin Technologies LimitedOfficial site to check allotment status for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.