Bookbuilding IPO | ₹792 Cr | Listed at BSE, NSE | Wed, Jul 30, 2025 - Fri, Aug 1, 2025
Sri Lotus Developers IPO is a book build issue of ₹792.00 crores. The issue is entirely a fresh issue of 5.28 crore shares of ₹792.00 crore.
Sri Lotus Developers IPO bidding started from Jul 30, 2025 and ended on Aug 1, 2025. The allotment for Sri Lotus Developers IPO was finalized on Aug 4, 2025. The shares got listed on BSE, NSE on Aug 6, 2025.
Sri Lotus Developers IPO price band is set at ₹150 per share. The lot size for an application is 100. The minimum amount of investment required by an retail is ₹15,000 (100 shares) (based on upper price). The lot size investment for sNII is 14 lots (1,400 shares), amounting to ₹2,10,000, and for bNII, it is 67 lots (6,700 shares), amounting to ₹10,05,000.
The issue includes a reservation of up to 1,47,058 shares for employees offered at a discount of ₹14.00 to the issue price.
Motilal Oswal Investment Advisors Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Sri Lotus Developers IPO RHP for detailed Information.
IPO Open
Wed, Jul 30, 2025
IPO Close
Fri, Aug 1, 2025
Issue Price
₹150 per share
Market Cap (Pre-IPO)
₹7,330.65 Cr
| IPO Date | 30 Jul to 1 Aug, 2025 |
| Listed on | Wed, Aug 6, 2025 |
| Face Value | ₹1 per share |
| Price Band | ₹140 to ₹150 |
| Issue Price | ₹150 per share |
| Lot Size | 100 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹14.00 |
| Total Issue Size | 5,28,13,724 shares (agg. up to ₹792 Cr) |
| Fresh Issue | 5,28,13,724 shares (agg. up to ₹792 Cr) |
| Share Holding Pre Issue | 43,59,09,986 shares |
| Share Holding Post Issue | 48,87,23,710 shares |
| BSE Script Code / NSE Symbol | 544469 / LOTUSDEV |
| ISIN | INE0V9Q01010 |
Sri Lotus Developers IPO offers total 5,28,13,724 shares. Out of which 2,63,33,332 (49.86%) allocated to QIB, 1,05,33,333 (19.94%) allocated to QIB (Ex- Anchor), 79,00,000 (14.96%) allocated to NII 1,84,33,334 (34.90%) allocated to RII and 1,57,99,999 (29.92%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 2,63,33,332 (49.86%) | NA |
| − Anchor Investor Shares Offered | 1,57,99,999 (29.92%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 1,05,33,333 (19.94%) | NA |
| NII (HNI) Shares Offered | 79,00,000 (14.96%) | NA |
| − bNII > ₹10L | 52,66,666 (9.97%) | 3,761 |
| − sNII < ₹10L | 26,33,334 (4.99%) | 1,880 |
| Retail Shares Offered | 1,84,33,334 (34.90%) | 1,84,333 |
| Employee Shares Offered | 1,47,058 (0.28%) | NA |
| Total Shares Offered | 5,28,13,724 (100.00%) |
Investors can bid for a minimum of 100 shares and in multiples thereof.
| 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 |
Sri Lotus Developers IPO raises ₹237.00 crore from anchor investors. Sri Lotus Developers IPO Anchor bid date is July 29, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Jul 29, 2025 |
| Shares Offered | 1,57,99,999 |
| Anchor Portion (₹ Cr.) | 237.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | Tue, Sep 2, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sat, Nov 1, 2025 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Up to Rs 5 Lakhs | Yes |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
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:
As of June 30, 2025, the company has four (4) Completed Projects, five (5) Ongoing Projects and eleven (11) Upcoming Projects.
Sri Lotus Developers & Realty Ltd.'s revenue increased by 22% and profit after tax (PAT) rose by 91% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 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 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 24.39% |
| ROCE | 27.22% |
| Debt/Equity | 0.13 |
| RoNW | 24.39% |
| PAT Margin | 41.46% |
| EBITDA Margin | 52.57% |
| Price to Book Value | 7.01 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 5.23 | 4.66 |
| P/E (x) | 28.69 | 32.17 |
| Promoter Holding | 91.78% | 81.86% |
| Market Cap | ₹7,330.65 Cr. |
The Sri Lotus Developers IPO is subscribed 74.10 times on August 1, 2025 5:04:37 PM (Day 3). The public issue subscribed 21.77 times in the retail category, 175.61 times in the QIB category, and 61.82 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 175.61 | 1,05,33,334 | 1,84,97,37,200 |
| NII | 61.82 | 79,00,000 | 48,84,14,100 |
| bNII (bids above ₹10L) | 59.13 | 52,66,667 | 31,14,07,400 |
| sNII (bids below ₹10L) | 67.22 | 26,33,333 | 17,70,06,700 |
| Retail | 21.77 | 1,84,33,333 | 40,12,62,000 |
| Employee | 21.37 | 1,47,059 | 31,42,500 |
| Total | 74.10 | 3,70,13,726 | 2,74,25,55,800 |
Total Application : 34,79,062
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLMs (including underwriting commission, brokerage and selling commission, as applicable) | 33.89 |
| 2 | Fees payable to the Registrar to the Issue | 1.56 |
| 3 | Fees payable to the other advisors to the Issue (fee payable to a chartered accountants appointed for providing confirmations and certificates for the purpose of the Issue; Anarock for preparing the industry report commissioned by our Company, Uttam Randive, independent proprietary firm for certifying the Completed, Upcoming and ongoing projects and Ronak Jain, Independent Chartered Engineer for certifying project cost of ongoing projects | 3.61 |
| 4 | Commission/processing fee for SCSBs, Sponsor Bank and Bankers to the Issue. Brokerage and selling commission and bidding charges or Members of the Syndicate, Registered Brokers, RTAs and CDPs | 2.44 |
| 5 | Others a) Listing fees, SEBI filing fees, upload fees, BSE & NSE processing fees, book building software fees and other regulatory expenses | 4.78 |
| 6 | b. Printing and stationery | 0.98 |
| 7 | c. Advertising and marketing expenses | 7.07 |
| 8 | d. Fees payable to legal counsels; and | 3.75 |
| 9 | e. Miscellaneous | 1.63 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹150.00 | ₹150.00 |
| Open | ₹179.10 | ₹178.00 |
| Low | ₹176.60 | ₹176.70 |
| High | ₹197.00 | ₹195.80 |
| Last Trade | ₹196.85 | ₹195.67 |
Lead Manager Reports
Sri Lotus Developers IPO is a main-board IPO of 5,28,13,724 equity shares of the face value of ₹1 aggregating up to ₹792 Crores. The issue is priced at ₹150 per share. The minimum order quantity is 100.
The IPO opens on Wed, Jul 30, 2025, and closes on Fri, Aug 1, 2025.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Sri Lotus Developers IPO using UPI as a payment gateway. Zerodha customers can apply in Sri Lotus Developers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sri Lotus Developers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sri Lotus Developers IPO opens on Wed, Jul 30, 2025 and closes on Fri, Aug 1, 2025.
Sri Lotus Developers IPO lot size is 100, and the minimum amount required for application is ₹15,000.
You can apply in Sri Lotus Developers IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Sri Lotus Developers IPO will be done on Monday, August 4, 2025, and the allotted shares will be credited to your demat account by Tue, Aug 5, 2025. Check the Sri Lotus Developers IPO allotment status.
The Sri Lotus Developers IPO listing date is on Wed, Aug 6, 2025.
