Sri Lotus Developers and Realty Limited has announced the launch of its maiden initial public offering (IPO), with the price band fixed at ₹140 to ₹150 per equity share of face value ₹1 each. 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 100Equity Shares and in multiples of 100Equity 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 (“Commercial Segment”).
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.
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.
This IPO marks a significant milestone in the company’s growth journey as it seeks to expand its footprint across Mumbai’s luxury real estate landscape.
