Sri Lotus Developers & Realty IPO
Sri Lotus Developers & Realty IPO — date, price band, lot size & details 2025
Sri Lotus Developers & Realty listed on 6 Aug 2025 at ₹178, 18.7% above the ₹150 issue price.
Sri Lotus Developers and Realty redevelops ultra-luxury and luxury residential and commercial property in the western suburbs of Mumbai. It had a developable area of 0.93 million square feet on 30 June 2025.
Stock price
Sri Lotus Developers & Realty is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 10 November.
- Open 30 Jul 2025
- Close 01 Aug 2025
- Allotment 04 Aug 2025
- Refund/credit 05 Aug 2025
- Listing 06 Aug 2025
Issue summary
The terms of the offer, as filed.
| IPO Dates | 30 Jul to 1 Aug, 2025 |
|---|---|
| Price Band | ₹140 – ₹150 |
| Face Value | ₹1 |
| Lot Size | 100 Shares |
| Issue Size | ₹792 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Employee Discount | Rs 14.00 per share |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 15,000 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 100 shares at the ₹150 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 100 | ₹15,000 |
| Retail (max) | 13 | 1,300 | ₹1,95,000 |
| S-HNI (min) | 14 | 1,400 | ₹2,10,000 |
| S-HNI (max) | 66 | 6,600 | ₹9,90,000 |
| B-HNI (min) | 67 | 6,700 | ₹10,05,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Total income rose from Rs 169.95 crore in FY2023 to Rs 569.28 crore in FY2025.
- 02Profit after tax rose from Rs 16.80 crore in FY2023 to Rs 227.89 crore in FY2025.
- 03Total borrowing fell from Rs 428.24 crore on 31 March 2024 to Rs 122.13 crore on 31 March 2025.
- 04The PAT margin was 41.46% and return on equity was 24.39%.
- 05The whole Rs 792 crore issue was fresh capital, and debt to equity was 0.13.
Risks · 6
- 01The P/E was 32.17 at the upper band of Rs 150, based on post-issue EPS of Rs 4.66.
- 02Real estate income is lumpy. Profit after tax went from Rs 16.80 crore in FY2023 to Rs 227.89 crore in FY2025.
- 03All projects are in the western suburbs of Mumbai, so the 0.93 million square feet of developable area is in one market.
- 04Net worth jumped from Rs 169.56 crore on 31 March 2024 to Rs 932.44 crore on 31 March 2025, so the record at this size is short.
- 05The company focuses on homes priced from Rs 3 crore upward, a segment that depends on a narrow set of buyers.
- 06Promoters held 91.78% before the issue and held 81.86% after it, so public float is limited.
Three years of numbers
All figures in ₹ crore, as reported in the Sri Lotus Developers & Realty offer document.
| Metric | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 1,218.60 | 736.81 | 486.23 |
| Total Income | 569.28 | 466.19 | 169.95 |
| Profit After Tax | 227.89 | 119.14 | 16.80 |
| EBITDA | 288.97 | 158.55 | 20.84 |
| NET Worth | 932.44 | 169.56 | 48.36 |
| Reserves and Surplus | 888.93 | 149.60 | 28.32 |
| Total Borrowing | 122.13 | 428.24 | 328.93 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Sri Lotus Developers & Realty RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Sri Lotus Developers & Realty IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹5.23 | ₹4.66 |
| P/E Ratio (x) | 28.69 | 32.17 |
| Market Cap at Offer Price (₹ Cr) | ₹6,536.04 | ₹7,335.52 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹150 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹792.00 Cr of the issue is earmarked to named objects.
Sri Lotus Developers & Realty IPO Anchor Investors
16 anchor investors across 15 fund houses committed ₹236.99 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
The company had a developable area of 0.93 million square feet on 30 June 2025.
Flats of 2BHK and 3BHK priced between Rs 3 crore and Rs 7 crore fall in its luxury residential segment. Larger flats and penthouses fall in the ultra-luxury segment.
The IPO was a fresh issue of Rs 792 crore. Rs 550.00 crore was planned for investing in subsidiaries that are developing projects.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Sri Lotus Developers & Realty IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Motilal Oswal Investment Advisors
40 issues handledBest listing: GNG Electronics (+49.8%). Weakest: Turtlemint Fintech Solutions (-10.4%).
Monarch Networth Capital Ltd
1 issue handled1 of their issues has listed so far, and 0 opened above the issue price (average 0%). That is too small a sample to read as a hit rate.
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Sri Lotus Developers & Realty?
The current Grey Market Premium is ₹27, or 18% over the issue price.
What is the Sri Lotus Developers & Realty IPO price band?
₹140 to ₹150, on a face value of ₹1.
When is the allotment?
The basis of allotment is 4 August 2025, with listing on 6 August 2025.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
