Sri Lotus Developers & Realty Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 26,333,332 (50%) | — | ₹39,500 Cr |
| NII (HNI) | — | 7,900,000 (15%) | — | ₹11,850 Cr |
| Retail | — | 18,433,334 (35%) | — | ₹27,650 Cr |
| Employee | — | 147,058 (0%) | — | ₹22 Cr |
| Σ Total | — | 52,813,724 (100%) | — | ₹792,206 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 100 | ₹15,000 |
| Retail (Max) | 13 | 1,300 | ₹195,000 |
| S-HNI (Min) | 14 | 1,400 | ₹210,000 |
| B-HNI (Min) | 67 | 6,700 | ₹1,005,000 |
Financial Statements Amount in Crore
| Metric | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 569 | 466 | 170 |
| EBITDA | 289 | 159 | 21 |
| Profit After Tax | 228 | 119 | 17 |
| Net Worth | 932 | 170 | 48 |
| Total Assets | 1,219 | 737 | 486 |
| Reserves & Surplus | 889 | 150 | 28 |
| Total Borrowing | 122 | 428 | 329 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 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 – 182.29
Company Overview
Incorporated in February 2015, Sri Lotus Developers and Realty Limited is a developer of residential and commercial properties located in Mumbai, Maharashtra, specializing in redevelopment projects within the ultra-luxury and luxury segments of the western suburbs.
As of June 30, 2025, the company possesses a developable area of 0.93 million square feet, encompassing residential and commercial properties.
The company's developmental focus is primarily directed towards ultra-luxury and luxury residential properties, in addition to commercial properties, through the following initiatives:
- The construction and development of the flats identified as 2BHK and 3 BHK, which are priced within the range of ₹3 crores to ₹7 crores, is categorized under the "Luxury Residential Segment."
- The construction and development of 3BHK and 4 BHK, along with flats and penthouses exceeding four bedrooms (4+ BHK), rentals pricing surpasses ₹7 crores. This offering is integrated with the Luxury Residential Segment
- The construction and development of commercial office spaces ("Commercial") Segment”).
As of June 30, 2025, the company has four (4) Completed Projects, five (5) Ongoing Projects and eleven (11) Upcoming Projects.
Competitive Strengths
- Positioned in the Ultra Luxury and Luxury residential real estate markets of Mumbai's Western Suburbs, focusing on customer needs with a strong project pipeline.
- Strong brand recognition with the ability to sell at premium pricing, allowing us to sell throughout the construction phase.
- Asset-light model for development of projects through development agreements, enabling us to maintain the high level of cash flow generated from operating activities.
- End-to-end capabilities and timely completion of projects.
- Experienced Promoters and management team.