Sri Lotus Developers and Realty Limited has fixed the price band of ₹140/- to ₹150/- per Equity Share of face value ₹1/- each for its maiden initial public offer.
- Issue Opens: July 30, 2025
- Issue Closes: August 1, 2025
- Face Value: Rs 1 each
- Price Band: Rs 140 – 150 per share
- Lot Size: 100 Shares
- Sale Type: Fresh Capital
- Issue Type: Book Building
- Listing Date: August 6, 2025
- Listing At: BSE & NSE
The Initial Public Offering of the Company will open on Wednesday, July 30, 2025, for subscription and close on Friday, August 1, 2025. Investors can bid for a minimum of 100 Equity Shares and in multiples of 100 Equity Shares thereafter. A discount of ₹14 per equity shares is being offered to eligible employees bidding in the employee reservation portion. The IPO is entirely a fresh issue of shares up to Rs 792 crore with no offer for sale component.
Sri Lotus Developers and Realty is a developer of residential and commercial premises in Mumbai, Maharashtra, with a focus in Redevelopment Projects in the Ultra Luxury Segment and Luxury Segment in the western suburbs under the “Lotus Developers” brand.
The company’s projects can be bifurcated into the following three (3) categories, Greenfield Projects, Redevelopment Projects, Joint Development Projects.
As of June 30, 2025, the company has completed developable area of 0.93 million square feet consisting of both residential and commercial properties.
The developments focus primarily on ultra-luxury and luxury residential properties and commercial properties through construction and development of 2BHK and 3 BHK flats with a price range of ₹ 3 crores to ₹ 7 crores (“Luxury Residential Segment”); construction and development of 3BHK, 4 BHK and 4+ BHK flats and penthouses, with a price of above 7 crores (“Ultra Luxury Residential Segment”, together with the Luxury Residential Segment as the “Residential Segment”); and construction and development of commercial offices.
As of June 30, 2025, the company has 4 Completed Projects, 5 Ongoing Projects and 11 Upcoming Projects. The company is expanding its reach into other micro-markets in southern and central regions of Mumbai, such as Nepean Sea Road and Prabhadevi, and eastern suburbs of Mumbai, such as Ghatkopar.
Sri Lotus Developers and Realty’s revenue from operations increased by 19.09% from ₹461.57 crore in Fiscal 2024 to ₹549.68 crore in Fiscal 2025, primarily due to an increase in sales of projects and sale of services. Profit after tax increased by 90.21% in profit after tax from ₹119.81 crore in Fiscal 2024 to ₹227.89 crore in Fiscal 2025. The Issue is being made through the book-building process.
