India’s real estate sector is experiencing a significant boom, fueled by rapid urbanisation, increasing disposable incomes, and government initiatives promoting housing and infrastructure. With a focus on delivering quality residential and commercial projects, real estate developers are well-positioned to capitalise on this expansion. In this evolving market, Sri Lotus Developers & Realty Limited, a key player in the development of residential and commercial properties, is launching its Initial Public Offering (IPO) on August 1, 2025. The IPO offers investors an opportunity to engage with a company equipped to meet the rising demands of the real estate sector.
This article provides a comprehensive overview of the Sri Lotus Developers IPO details, offering key insights for potential investors.
About Sri Lotus Developers & Realty Ltd.
Incorporated in February 2015, Sri Lotus Developers & Realty Ltd. specialises in the redevelopment of luxury and ultra-luxury residential and commercial properties across Mumbai’s western suburbs, including high-demand areas such as Malad, Goregaon, and Juhu.
As of June 30, 2025, the company has a developable area of 0.93 million sq. ft., featuring:
- Luxury Residential Units priced between ₹3 crore to ₹7 crore.
- Ultra-Luxury Penthouses priced above ₹7 crore.
- Premium Commercial Office Spaces.
The company follows an asset-light model for the development of projects through development agreements, enabling it to maintain a high level of cash flow from operating activities. A substantial amount of the company’s projects are redevelopment projects or joint development projects. As of June 30, 2025, the company has 4 completed projects, 5 ongoing projects, and 11 upcoming projects, showcasing its active presence and pipeline in the regions.
Sri Lotus Developers & Realty Ltd. IPO Details
The Sri Lotus Developers IPO is a book-building issue aiming to raise ₹792 crore. This entire issue is a fresh issuance of 5.28 crore equity shares. The Sri Lotus Developers IPO price band has been set at ₹140 to ₹150 per share, with a face value of ₹1 per share.
Important IPO Timeline
| Event | Date |
| IPO Open Date | Wed, Jul 30, 2025 |
| IPO Close Date | Fri, Aug 1, 2025 |
| Tentative Allotment | Mon, Aug 4, 2025 |
| Initiation of Refunds | Tue, Aug 5, 2025 |
| Credit of Shares to Demat | Tue, Aug 5, 2025 |
| Tentative Listing Date | Wed, Aug 6, 2025 |
| Cut-off Time for UPI Mandate Confirmation | 5 PM on Aug 1, 2025 |
Key IPO Details
| Event | Details |
| IPO Date | July 30, 2025 to August 1, 2025 |
| Listing Date | [.] |
| Face Value | ₹1 per share |
| Issue Price Band | ₹140 to ₹150 per share |
| Lot Size | 100 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 5,28,00,000 shares (aggregating up to ₹792.00 Cr) |
| Employee Discount | ₹14.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Shareholding (Pre-Issue) | 43,59,09,986 shares |
| Shareholding (Post-Issue) | 48,87,09,986 shares |
Lot Size of Sri Lotus Developers & Realty IPO
| 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 & Realty Limited Financials
Sri Lotus Developers & Realty Limited has shown significant growth in its financial performance. The company’s total income increased from ₹169.95 crore in FY23 to ₹569.28 crore in FY25. Concurrently, the Profit After Tax (PAT) has risen from ₹16.80 crore in FY23 to ₹227.89 crore in FY25.
Key Performance Indicators (as of Mar 31, 2025)
- Market Capitalisation: ₹7330.65 Cr
- Return on Net Worth (RoNW): 24.39%
- PAT Margin: 41.46%
- Debt-to-Equity Ratio: 0.13
- Price to Book Value: 7.01
Company Financial Snapshot
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets (₹ Cr) | 1,218.60 | 737 | 486.23 |
| Revenue (₹ Cr) | 569.28 | 466 | 169.95 |
| Profit After Tax (₹ Cr) | 227.89 | 119 | 16.8 |
| EBITDA (₹ Cr) | 288.97 | 159 | 20.84 |
| Net Worth (₹ Cr) | 932.44 | 170 | 48.36 |
| Reserves and Surplus (₹ Cr) | 888.93 | 149.6 | 28.32 |
| Total Borrowing (₹ Cr) | 122.13 | 428.24 | 328.93 |
Sri Lotus Developers & Realty Limited: Industry Outlook
India’s real estate sector is a key contributor to its economy, undergoing significant transformation due to:
- Rapid Urbanisation: Growing migration to cities fuels demand for both residential and commercial spaces.
- Affordable Housing Focus: Government policies promoting affordable housing are driving new project developments.
- Infrastructure Development: Investment in roads, railways, and other infrastructure boosts real estate value and connectivity.
- Favorable Demographics: A young population with rising incomes is creating sustained demand for homeownership and commercial spaces.
- Increased FDI and Policy Support: Foreign Direct Investment and a more transparent regulatory environment are attracting more players to the sector.
- Digital Adoption: Technology is streamlining property search, sales, and management, enhancing efficiency.
Use of IPO Proceeds
The net proceeds from the fresh issue component of the Sri Lotus Developers IPO are primarily intended for:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
| 1 | Investment in 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 |
| 2 | General corporate purposes |
Sri Lotus Developers & Realty Limited IPO Peer Comparison
Sri Lotus Developers & Realty operates in the competitive real estate development landscape. Key peers in the broader real estate sector include Arkade Developers Limited, Keystone Realtors Limited, Suraj Estate Developers Limited, Sunteck Realty Limited, Mahindra Lifespaces Limited, and Hubtown Limited. These companies offer insights into sector trends, market dynamics, and competitive positioning within the evolving real estate market.
How To Apply for the Sri Lotus Developers & Realty IPO Online?
- Log in to your Torus Digital Account
- Select the IPO issue
- Enter the number of lot sizes and price
- Provide your UPI ID
- Complete the transaction on your UPI app
If you want to apply for an IPO, consider opening a Torus Digital Demat account for a seamless experience.
Conclusion
The upcoming Sri Lotus Developers & Realty IPO offers a compelling opportunity for investors interested in India’s rapidly expanding real estate sector, particularly in Mumbai’s western suburbs. With its focus on luxury and ultra-luxury residential and commercial redevelopment projects and an asset-light model, the company is well-positioned to benefit from the increasing demand for quality properties.
Sri Lotus Developers & Realty Limited’s strong financial performance, combined with a favorable industry outlook driven by urbanization, infrastructure development, and supportive government policies, positions it for continued growth. Potential investors should carefully evaluate the company’s business model, financial health, and the broader competitive landscape. This IPO presents a unique chance to invest in a company that is contributing to India’s urban development. Keep an eye on upcoming IPOs for more opportunities.
