Sri Lotus Developers shares made a strong stock market debut on 6 August 2025, listing at a healthy premium to their issue price of ₹150. On the BSE, the stock opened at ₹179.10, representing a 19.4% premium, while on the NSE, it debuted at ₹178, reflecting an 18.7% rise from the issue price.
Subscription Details and Investor Interest
Sri Lotus Developers secured ₹792 crore through its IPO, which involved the issuance of 5.28 crore new shares. The offer was open for subscription from 30 July to 1 August 2025 and received overwhelming interest, with the IPO being subscribed 74.10 times overall. The Qualified Institutional Buyers (QIB) segment led the charge, subscribing 175.61 times, followed by Non-Institutional Investors (NIIs) at 61.82 times, and retail investors at 21.77 times.
About the Company
Based in Mumbai, Sri Lotus Developers focuses on luxury residential and commercial redevelopment projects, primarily in the city’s affluent western suburbs. The company has positioned itself as a niche player in Mumbai’s competitive real estate market. As of June 2025, it holds a developable area of 0.93 million square feet, with a project pipeline that includes four completed projects, five ongoing, and eleven upcoming developments.
The company fall under realty sector and operates an asset-light model, partnering with landowners through development agreements, which allows it to maintain healthy cash flows while mitigating risk.
IPO Proceeds and Future Plans
₹550 crore from the IPO proceeds has been designated for funding ongoing projects, with the rest allocated for corporate expenditures. The company intends to use the funds primarily to invest in its subsidiaries and accelerate the development of marquee projects such as Amalfi, The Arcadian, and Varun.
Financial Performance
In FY25, the company reported a revenue of ₹569.28 crore, reflecting a 22% growth compared to the previous year. Its profit after tax (PAT) surged by over 100%, reaching ₹227.89 crore.
Conclusion
The strong debut of Sri Lotus Developers IPO on the stock market, with its shares listing at a premium, reflects investor confidence in the company’s growth prospects. The overwhelming subscription to the IPO suggests that the company is well-positioned to succeed in the competitive luxury housing market of Mumbai. Investors will now be focused on how the company executes its ambitious project pipeline and continues to deliver growth.
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