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Sri Lotus Developers & Realty IPO
68.70xsubscribed

Sri Lotus Developers & Realty IPO

Construction - Real Estate
listed
₹14,000Min. investment

Sri Lotus Developers & Realty Limited IPO Details

SectorConstruction - Real Estate
Price range₹140 – ₹150
IPO type
Regular
Lot size100 shares
Issue size₹792Cr
Red Herring Prospectus
Read
Market cap
₹7,330.65CrHigher than sector avg
RevenueApr 2024 - Mar 2025
₹549.68CrHigher than sector avg
Growth rate3Y CAGR
49.50%

Sri Lotus Developers & Realty IPO Subscription Status

Date
QIB
NII
Retail
Total
30-Jul-25
5.31 times (X)
2.99 times (X)
2.85 times (X)
3.58 times (X)
31-Jul-25
8.69X
15.61X
8.91X
10.28X
01-Aug-25
163.9X
56.51X
19.92X
68.7X

As on 30-Jul-25, 5:30 PM

Sri Lotus Developers & Realty IPO Timeline

  1. Pre-apply
    26 Jul 2025
  2. Bid start
    30 Jul 2025
  3. Bid end
    1 Aug 2025
  4. Allotment
    4 Aug 2025
  5. Release of funds
    5 Aug 2025
  6. Demat transfer
    5 Aug 2025
  7. Listing
    6 Aug 2025

About Sri Lotus Developers & Realty Limited

Incorporated in 2015, Sri Lotus Developers and Realty Limited is a developer of residential and commercial premises in Mumbai, Maharashtra, with a strategic focus on redevelopment projects in the ultra-luxury and luxury segments within the western suburbs. As of June 30, 2025, the company has completed a developable area of 0.93 Mn sqft consisting of both residential and commercial properties.
The company operates through 3 distinct project categories: Greenfield Projects on undeveloped land parcels acquired by the company, Redevelopment Projects reconstructed through development agreements with housing societies or commercial unit holders, and Joint Development Projects where the company enters agreements with landholders for shared development and revenue.
The company targets the higher-income housing market with ultra-luxury and luxury homes featuring premium designs and amenities. The company operates in 3 segments: the Luxury Residential Segment with 2BHK and 3BHK flats priced between ₹3-7 crores, the Ultra Luxury Residential Segment with 3BHK, 4BHK, and 4+ BHK flats and penthouses priced above ₹7 crores, and the Commercial Segment for office developments.
In FY25, the company generated 80.73% of its revenue from the commercial segment, while luxury and ultra-luxury residential segments contributed 6.38% and 7.25%, respectively. Greenfield projects accounted for 61.92% of total revenue, driven primarily by the Signature project, which alone contributed ₹3,403.37 Mn.
As of June 30, 2025, the company maintains a strong pipeline with 4 completed projects, 5 ongoing projects, and 11 upcoming projects. The completed projects comprise 2 residential projects with 248,042 sq. ft. of developable area and 2 commercial projects with 683,406 sq. ft. of developable area. The ongoing projects include 5 residential developments with an estimated 797,292 sq ft of developable area, while upcoming projects span 8 residential and 3 commercial developments with an estimated total developable area of 4,978,379 sq ft.
India's real estate sector has grown from $50 Bn in 2008 to $180 Bn in 2020 and is projected to reach $1,000 Bn by 2030 and $5,800 Bn by 2047. By 2025, it is estimated to contribute 13% to the GDP. Urban population is expected to reach 50% of India’s total by 2046, with a significant rise in demand for urban housing, especially in Tier 1 cities. India is entering a demographic dividend phase, with over 64% of the population in the working-age group, projected to peak at 65% by 2036. Simultaneously, household sizes are shrinking, increasing demand for more housing units.
MMR continues to lead the country in terms of supply (31–35%), absorption (32–34%), and capital value appreciation (>50% from 2021 to Q1 2025). Major infrastructure projects like the Mumbai Metro expansions, Atal Setu, Coastal Road, and the Navi Mumbai International Airport are improving connectivity to extended suburbs and increasing real estate potential in peripheral areas. The company’s Greenfield projects, especially in emerging nodes around Navi Mumbai, are likely to gain from this infra-led development.
Now, Sri Lotus Developers and Realty Limited is launching its initial public offering (IPO), which consists of a fresh issue worth up to ₹792.00 crore. The total issue size of the IPO is ₹792.00 crore. Its shares will be listed on the NSE and BSE.

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Strength and Weakness

Pricing power and strong pipeline

The company commands a ~22% premium over average quoted prices in the Juhu market and a 10% premium on recent transacted prices due to its brand strength, construction quality, and timely execution. As of June 30, 2025, the company has 5 ongoing projects with 0.80 Mn sq ft of estimated developable area and 11 upcoming projects aggregating 4.98 Mn sq ft. This ensures strong revenue visibility in the near to medium term.

Asset-light development model

A majority of projects are structured as redevelopment or joint development agreements, significantly reducing land acquisition costs and improving capital efficiency. As of June 30, 2025, ~90% of upcoming projects are redevelopment-based.

Focus on luxury and ultra-luxury real estate in Mumbai

The company has a strategic focus on luxury and ultra-luxury residential and commercial projects in the high-demand western suburbs of Mumbai like Juhu and Andheri. Demand for homes priced above ₹2.5 Cr rose from 3% in 2021 to 22% in Q1FY25, indicating the company’s alignment with evolving buyer preferences.

Commercial real estate tailwinds

Strong growth in the commercial property market of Andheri West, where 2 of the 4 completed and 3 of the 11 upcoming projects are located, presents a strategic opportunity to diversify revenues and tap rising rental yields.

Objectives of Sri Lotus Developers And Realty Limited IPO

Funding of capital expenditure
The company will use ₹550.00 crores to invest in subsidiaries.
General corporate purposes
The company will allocate up to 25% of the gross proceeds towards general corporate purposes.

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratioD/E ratio
This IPO₹549.68Cr49.50%₹227.87Cr₹7,330.65Cr27.220.13
This sector (avg.)₹459.59Cr0%₹44.01Cr₹4,335.58Cr74.900.89
₹7,993.66Cr---₹2,694.51Cr₹1,57,367.9Cr35.520.10
₹13,779.5Cr---₹2,766.6Cr₹97,035.24Cr29.090.35
₹7,349.4Cr---₹616.9Cr₹62,951.23Cr64.870.85

*Revenue for financial year 2024-25. Lower P/E and D/E ratios are generally preferred.

Sri Lotus Developers & Realty IPO Contact Details

Company NameSri Lotus Developers & Realty Limited

How to apply for Sri Lotus Developers & Realty IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Sri Lotus Developers And Realty Limited IPO FAQs

Investors can apply for the Sri Lotus Developers & Realty IPO through their Demat account via the stock exchange or through their broker.
The issue size of the Sri Lotus Developers & Realty IPO is 792 Cr.
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
Sri Lotus Developers & Realty IPO will be open between 2025-07-30 and 2025-08-01.
Sri Lotus Developers & Realty IPO allotment date is 2025-08-05. For Sri Lotus Developers & Realty IPO allotment status check, you can visit the website of the registrar of the IPO.
For Sri Lotus Developers & Realty IPO, the IPO registrar is KFIN TECHNOLOGIES LIMITED. You can check Sri Lotus Developers & Realty IPO allotment status on the website of the registrar.
The shares are proposed to be listed on the BSE and NSE.
The Sri Lotus Developers & Realty IPO shares will typically be credited to your demat account one working day before the IPO's listing date, provided your application is successfully allotted.
The Sri Lotus Developers & Realty IPO lot size is 100 and minimum order quantity is 100.
Sri Lotus Developers & Realty IPO has set the price band for its IPO at 150 per equity share with a face value of 1.