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Sri Lotus Developers IPO fully subscribed on Day 1: Check price band, lot size and other key details
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3 min read | Updated on July 30, 2025, 14:55 IST
SUMMARY
Sri Lotus Developers IPO opened on July 30, 2025, and was subscribed 2.3 times till 2:15 pm on Day 1. The ₹792 crore public issue is a fresh offer priced at ₹140–₹150 per share. Focused on Mumbai’s luxury real estate market, the company aims to use net IPO proceeds to fund project construction and for general corporate expenses.
Sri Lotus Developers and Realty is a developer of residential and commercial premises in Mumbai. | Image: Lotusdevelopers.com
₹792 crore IPO of Sri Lotus Developers received bids for over 9.1 crore shares against 3.96 crore shares. On the first day of bidding, the retail portion of the IPO was booked 1.88 times as of 2:15 pm, with applications for over 3.7 crore shares against 1.9 crore shares set aside for the category.
The NIIs also showed the highest interest in IPO, as their quote was booked 1.76 times. The NIIs applied for 1.48 crore shares against 84.6 lakh shares reserved for them. The Qualified Institutional Buyers (QIB) applied for 3.89 crore shares against 1.1 crore shares set aside for them. The QIBs’ quota was booked 3.4 times.
Sri Lotus Developers IPO details
Sri Lotus Developers IPO, a book-built offer worth ₹792 crore, is a completely fresh issue of over 5.28 crore shares, amounting to ₹792 crore. Sri Lotus Developers IPO issue price was fixed at ₹140 to ₹150 per share. The minimum lot size for the issue is 100 shares, aggregating to an investment of ₹15,000 per lot.
Sri Lotus Developers IPO dates
Sri Lotus Developers' IPO opened for subscription on Wednesday, July 30. The share allotment status will likely be finalised by Monday, August 4.
Once the allotment of shares is completed, refunds will be initiated for unsuccessful bidders on Tuesday, August 5, and successful bidders will also receive shares in their demat accounts the same day. Shares of Sri Lotus Developers will be listed on the NSE and BSE. The IPO listing has been scheduled for Wednesday, August 6.
Sri Lotus Developers IPO objective
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Funding of capital expenditure: The company will use ₹550 crore to invest in subsidiaries for part-funding the construction of ongoing real estate projects.
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General corporate purposes: The company will use some amount not exceeding 25% of the gross proceeds towards general corporate purposes.
Financial snapshot
| (₹ Crore) | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | 166.87 | 461.58 | 549.68 |
| Total Assets | 486.23 | 736.81 | 1,218.60 |
| Net Profit/(Loss) | 16.80 | 119.14 | 227.87 |
| EBITDA | 20.84 | 158.55 | 288.97 |
About Sri Lotus Developers
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.
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