Sri Lotus Developers IPO

Sri Lotus Developers IPO: Check IPO Date, Live Subscription and Key Details

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.

Min Investment
₹15000
Price Range
₹140.00-150.00
Issue Size
₹792.00 Cr
IPO Type
Mainboard

Key Metrics

Check Live GMP

Face Value
₹1
EPS
4.66
P/E Ratio
32.17
RoNW
24.39%
ROE
24.39%
Debt to Equity
0.13

Timeline

IPO Opens

30 Jul

IPO Closes

1 Aug

Allotment

4 Aug

Listing

6 Aug

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 Ended31 Mar 202531 Mar 202431 Mar 202331 Mar 2022
Assets (₹ Cr.)1218.6736.81486.23424.51
Revenue (₹ Cr.)569.28466.19169.95102.58
PAT (₹ Cr.)227.89119.1416.812.51
Net Worth (₹ Cr.)932.44169.5648.3631.68

Peer Comparison

CompanyP/B RatioP/E RatioRONW (%)Net Worth (₹ Cr.)
Sri Lotus Developers7.0132.1724.39932.44
Arkade Developers Limited4.0723.1417.76324
Keystone Realtors Limited2.8646.146.21794

Subscription Details

Daily Bids Status

DateDay 1Day 2Day 3
QIB5.68x9.31x175.61x
NII3.32x17.10x61.82x
S-HNI4.59x23.09x67.21x
B-HNI2.69x14.11x59.13x
RII3.05x9.58x21.76x
EMP3.24x8.46x21.36x
Total3.86x11.10x74.09x

Overall Subscription Statistics

CategoryShares OfferedShares BidBid Amount (₹ Cr)
QIB1,05,33,3341,84,97,37,20027,746.06
NII79,00,00048,83,96,8007,325.95
Small NII26,33,33317,69,89,4002,654.84
Big NII52,66,66731,14,07,4004,671.11
RII1,84,33,33340,11,44,5006,017.17
EMP1,47,05931,41,70047.13
Total3,70,13,7262,74,24,20,20041,136.30

Company Details

  • 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