July 15, 2025
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Sri Lotus Developers IPO GMP grey market premium, review, Subscription, allotment, listing estimate @ Chanakyanipothi.com
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What is the latest news relating to Sri Lotus Developers IPO?
The company is anticipated to enter the market on 29 July
Who is the promoter of Sri Lotus Developers IPO?
The promoters of the Company are Anand Kamalnayan Pandit, Roopa Anand Pandit and Ashka Anand Pandit. The promoters hold 91.78% holding in the pre-IPO capital
What are the Objects of Sri Lotus Developers IPO?
The net proceeds of the Issue are proposed to be utilised for the following objects:
- Investment in our Subsidiaries, Richfeel Real Estate Private Limited, Dhyan Projects Private Limited and Tryksha Real Estate Private Limited for part-funding development and construction cost of our Ongoing Projects, Amalfi, The Arcadian and Varun, respectively; and
- General corporate purposes.
What is the business of Sri Lotus Developers?
🏗️ Sri Lotus Developers and Realty Limited – Company Overview
Incorporated in February 2015, Sri Lotus Developers and Realty Limited is a Mumbai-based real estate developer specializing in redevelopment projects in the ultra-luxury and luxury segments. The company primarily operates in the western suburbs of Mumbai, focusing on both residential and commercial developments.
📐 Project Footprint
As of November 30, 2024, the company has a developable area of 0.68 million sq. ft., covering both residential and commercial projects.
🏡 Segment-wise Focus
Sri Lotus Developers is strategically focused on high-end real estate through three key segments:
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Luxury Residential Segment
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Development of 2BHK and 3BHK flats priced between ₹3 crore to ₹7 crore
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Ultra-Luxury Residential Segment
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Development of 3BHK, 4BHK, and 4+ BHK flats and penthouses priced above ₹7 crore
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Commercial Office Space Segment
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Construction and development of premium commercial spaces
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📊 Project Status (as of Nov 30, 2024):
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✅ Completed Projects: 3
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🚧 Ongoing Projects: 6
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🔜 Upcoming Projects: 7
Sri Lotus Developers IPO GMP grey market premium, review, Subscription, allotment, listing estimate
|
Sri Lotus Developers IPO Details |
|
| IPO opens on | 29 July 2025 |
| IPO closes on | 31 July 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Shares / Rs – Crore |
| * Fresh Issue | – Shares / Rs – Crore |
| * Offer for Sale | 57260001 shares/ Rs.? Crore |
| Face Value per share: | Rs. 1 |
| Price Band | Rs.? |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs. ? per share |
| Retail Lot Size | ? Shares |
| Listing will at | BSE, NSE |
|
Shares offered |
Shares | Rs. in Crore |
| QIB (50 %) | – | – |
| NII (15 %) | – | – |
| RII (35 %) | – | – |
| Employees | – | – |
| Total Shares | ? | |
| Retail portion will be oversubscribed by | ? Forms. | |
| How to apply in Sri Lotus Developers IPO? | Amount Rs. |
|
| Min Retail Application | ? Shares | ? |
| Max Retail Application | ? Shares | ? |
| Small HNI (Min) application | ? Shares | ? |
| Small HNI (Max) application | ? Shares | ? |
| Big HNI Application | ? Shares | ? |
|
What is the timetable of Sri Lotus Developers IPO? |
|
| IPO opens on | 29 July 2025 |
| IPO Closes on | 31 July 2025 |
| IPO Allotment on | 1 August 2025 |
| Unblocking of ASBA | 2 August 2025 |
| Credit of Shares | 2 August 2025 |
| Listing on | 3 August 2025 |
| Registered Office Sri Lotus Developers & Realty Ltd. 5th & 6th Floor, Lotus Towe 1 Jai Hind Society, N S Road No. 12/A, JVPD Scheme, Juhu, Mumbai, Maharashtra, 400049 |
|
| Who are the Lead Managers of Sri Lotus Developers IPO? Motilal Oswal Investment Advisors Ltd Monarch Capital Network ltd |
|
| Registrar to IPO | |
|
Kfin Technologies ltd |
Sri Lotus Developers IPO Financial
| Period Ended | 30-Sep-24 | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
| Assets | 1,012.74 | 736.81 | 486.23 | 424.52 |
| Revenue | 247.55 | 466.19 | 169.95 | 103.18 |
| Profit After Tax | 90.63 | 119.81 | 16.29 | 12.51 |
| Net Worth | 398.3 | 169.56 | 48.36 | 31.69 |
| Total Borrowing | 462.18 | 428.24 | 328.93 | 336.13 |
| Amount in Rs. Crore | ||||
Sri Lotus Developers IPO
Key Performance Indicators
| Price /EPS | ? |
| Price/Book Value Ratio | ? |
| Price/BV after IPO | ? |
How Sri Lotus Developers IPO compares with the Peers?
| As on date of DRHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Cr | |||
# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Sri Lotus Developers IPO Review
We will update our Review & Guidance, once the price band and other details are announced by the company.
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Sri Lotus Developers is a Mumbai-based real estate company focused on redevelopment projects in the ultra-luxury and luxury residential and commercial property segments.
The company’s projects are primarily located in the western suburbs of Mumbai, Maharashtra.
As of November 30, 2024, the company has a developable area of 0.68 million square feet across residential and commercial projects.
The company develops 2BHK and 3BHK flats priced between ₹3 crore to ₹7 crore under the luxury segment, and 3BHK, 4BHK, and 4+ BHK penthouses priced above ₹7 crore under the ultra-luxury segment. It also develops premium commercial office spaces.
As of November 30, 2024, the company has completed 3 projects, is currently working on 6 projects, and has 7 upcoming projects.
The IPO is targeted at investors interested in premium real estate exposure. However, potential investors should assess project execution capability, market demand in luxury housing, and competition in Mumbai’s redevelopment space.
