Sri Lotus Developers and Realty IPO sets price band of ₹140 to ₹150 per share; check lot size, objectives and key dates

Sri Lotus Developers and Realty IPO: Real estate developer Sri Lotus Developers and Realty has set a price band of ₹140 to ₹150 per share for its initial public offering, which will open for subscription on July 30. The issue will conclude on August 1.

The company seeks to raise ₹792 crore solely via a fresh issuance of equity shares. There is no offer for sale (OFS) component.

Capital raised to the tune of ₹550 crore will be used for investment in subsidiaries Dhyan Projects Pvt Ltd, Tryksha Real Estate Pvt Ltd, and Richfeel Real Estate Pvt Ltd for part-funding development and construction costs of ongoing projects, The Arcadian, Varun and Amalfi, respectively.

A portion will also be utilised for general corporate purposes.

Sri Lotus Developers and Realty IPO: Lot size

A lot consists of 100 shares. The company has reserved 50% of the net issue for qualified institutional buyers, 35% for retail investors and the remaining 15% for non-institutional investors.

Sri Lotus Developers IPO timeline: Allotment and listing date

Motilal Oswal Investment Advisors and Monarch Networth Capital are the book-running lead managers for the public offer, while KFin Technologies serves as the registrar.

Sri Lotus Developers and Realty develops residential and commercial premises in Mumbai, with a key focus on redevelopment projects in luxury and ultra-luxury segments in the Western suburbs.

Its projects are bifurcated into three categories: greenfield projects (construction on parcels of undeveloped land), redevelopment projects (reconstruction after development agreements with housing societies and commercial unit holders) and joint development projects (by entering into a development deal with the land parcel owner).

As of June 2025, Sri Lotus Developers and Realty Limited (formerly AKP Holdings Limited) has completed a developable area of 0.93 million square feet (sq. ft), consisting of residential and commercial properties.