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.
Price Range
₹140.00-150.00
Issue Size
₹792 Cr
Lot Size
100 shares
IPO Type
Mainboard
GMP
₹27(+18.00%)
Est. Listing Price
₹177
Estimate Profit
₹2,700
Retail Portion
-
Key Metrics
Check Live GMPGMPFace Value
₹1
EPS
4.66
P/E Ratio
32.17
RoNW
24.39%
ROE
24.39%
Debt to Equity
0.13
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Timeline
IPO Opens
30 Jul
IPO Closes
1 Aug
Allotment
4 Aug
Listing
6 Aug
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 30 July 2025 | Subscription starts |
| IPO Close Date | 1 August 2025 | Subscription ends |
| Allotment Date | 4 August 2025 | Allotment |
| Listing Date | 6 August 2025 | Listing |
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.
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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 |
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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/
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