MUMBAI, JULY 24, 2025 (TGN): Sri Lotus Developers and Realty Limited has fixed the price band of Rs. 140/- to Rs. 150/- per Equity Share of face value Rs. 1/- each for its maiden initial public offer.
The Initial Public Offering (“IPO” or “Offer”) 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 Rs. 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 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 Rs. 461.57 crore in Fiscal 2024 to Rs. 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 Rs. 119.81 crore in Fiscal 2024 to Rs. 227.89 crore in Fiscal 2025.
Monarch Networth Capital Limited, and Motilal Oswal Investment Advisors Limited are the book-running lead managers, and KFin Technologies Limited is the registrar of the issue.
The Issue is being made through the book-building process, wherein not more than 50% of the net issue shall be available for allocation on a proportionate basis to qualified institutional buyers, not less than 15% of the net issue shall be available for allocation to non-institutional bidders, and not less than 35% of the net issue shall be available for allocation to retail individual bidders.
Note:
Issue Size of the IPO based on the upper and lower end of the price band
| Fresh Issue (Rs 792 crore) | |
| Lower Band (@ Rs 140) | Rs 792 crore |
| Upper Band (@ Rs 150) | Rs 792 crore |
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