August 5, 2025
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Sri Lotus Developers IPO GMP grey market premium, review, Subscription, allotment, listing estimate @ Chanakyanipothi.com
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Final subscription Tally
| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| 175.61 | 59.13 | 67.82 | 61.82 | 21.77 | 74.10 |
| Applications: 34,79,062 | |||||
| Subscription Review: Good trend observed on the last day itself |
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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 | 30 July 2025 |
| IPO closes on | 1 August 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 52800000 Shares / Rs 792 Crore |
| * Fresh Issue | 52800000 Shares / Rs 792 Crore |
| * Offer for Sale – | |
| Face Value per share: | Rs. 1 |
| Price Band | Rs.140-150 |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs. 14 per share |
| Retail Lot Size | 100 Shares |
| Listing will at | BSE, NSE |
|
Shares offered |
Shares | Rs. in Crore |
| QIB (50 %) | 26400000 | 396.00 |
| NII (15 %) | 7920000 | 118.60 |
| RII (35 %) | 18480000 | 277.20 |
| Employees | – | – |
| Total Shares | 52800000 | 792.00 |
| Retail portion will be oversubscribed by | ? Forms. | |
| How to apply in Sri Lotus Developers IPO? | Amount Rs. |
|
| Min Retail Application | 100 Shares | 15000 |
| Max Retail Application | 1300 Shares | 195000 |
| Small HNI (Min) application | 1400 Shares | 210,000 |
| Small HNI (Max) application | 6600 Shares | 990,000 |
| Big HNI Application | 6700 Shares | 1005,000 |
|
What is the timetable of Sri Lotus Developers IPO? |
|
| IPO opens on | 30 July 2025 |
| IPO Closes on | 1 August 2025 |
| IPO Allotment on | 4 August 2025 |
| Unblocking of ASBA | 5 August 2025 |
| Credit of Shares | 5 August 2025 |
| Listing on | 6 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 | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 |
| Assets | 1,218.60 | 736.81 | 486.23 |
| Revenue | 569.28 | 466.19 | 169.95 |
| Profit After Tax | 227.89 | 119.14 | 16.8 |
| EBITDA | 288.97 | 158.55 | 20.84 |
| Net Worth | 932.44 | 169.56 | 48.36 |
| Reserves and Surplus | 888.93 | 149.6 | 28.32 |
| Total Borrowing | 122.13 | 428.24 | 328.93 |
| Amount in Rs. Crore | |||
Sri Lotus Developers IPO
Key Performance Indicators
| KPI | Values |
| ROE | 24.39% |
| ROCE | 27.22% |
| Debt/Equity | 0.13 |
| RoNW | 24.39% |
| PAT Margin | 41.46% |
| EBITDA Margin | 52.57% |
| EPS-post | 4.66 |
| PE Ratio | 32.17 |
How Sri Lotus Developers IPO compares with the Peers?
| Company Name | P/E (x) | RoNW (%) |
| Sri Lotus Developers And Realty Limited | 32.17 | 24.39 |
| Arkade Developers | 22.03 | 17.76 |
| Keystone Realtors Limited | 48.18 | 6.2 |
| Suraj Estate Developers | 14.91 | 11.1 |
| Sunteck Realty Limited | 43.26 | 4.61 |
| Mahindra Lifespaces | 91.43 | 3.23 |
| Hubtown Limited | 68.2 | 1.93 |
# 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
Sri Lotus Developers and Realty Limited IPO Review
Incorporated in 2015, Sri Lotus Developers and Realty Limited is a Mumbai-based real estate developer specializing in the redevelopment of ultra-luxury and luxury residential and commercial projects, primarily in the prime western suburbs of Mumbai such as Santacruz, Juhu, Vile Parle, and Andheri.
Business Model & Operations
The company follows an asset-light model, executing projects through Joint Development Agreements (JDAs), Development Management (DM) models, and selective outright purchases. This approach enables efficient capital deployment while reducing upfront land costs.
As of June 30, 2025, Sri Lotus has:
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4 completed projects
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5 ongoing projects
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11 upcoming projects
covering a total developable area of 0.93 million sq. ft. across residential and commercial segments.
The company focuses on the premium segment, offering:
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2BHK–3BHK units priced between ₹3–7 crore
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Ultra-luxury residences priced above ₹7 crore
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Commercial developments, which contributed 80.7% of FY25 revenue
Strong in-house teams handle design, legal structuring, marketing, and regulatory execution.
Industry Outlook
India’s real estate market is projected to grow at a CAGR of 9.5%, reaching nearly USD 1 trillion by 2030. Metro cities like Mumbai are expected to benefit most, with luxury and redevelopment demand accelerating.
Government policies such as Maharashtra’s Cluster Redevelopment Scheme and DCPR 2034 are providing policy tailwinds by offering higher FSI and faster approvals.
The luxury residential segment is expected to grow at a CAGR of 11–12%, driven by demand from HNIs, NRIs, and affluent buyers.
Key Risks
Potential investors must note:
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High geographic concentration in Mumbai’s western suburbs
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Heavy reliance on regulatory approvals for redevelopment
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Dependence on commercial revenue (over 80%)
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Limited brand visibility compared to larger peers
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Execution challenges given the number of ongoing and upcoming projects
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The real estate sector’s cyclical nature — evident as the HDFC Nifty Realty Index Fund delivered -15.23% in the last year and -8.10% in the last month, despite announcements of record bookings by top developers.
Financials & Recommendation
In FY2024-25, Sri Lotus reported total revenue of Rs. 569 crore, underscoring that it remains a small player in the real estate industry.
Chanakya Recommendation:
We recommend the IPO only as a long-term investment, given the industry potential but also the high sectoral risks and company-specific challenges.
Quicklinks
Sri Lotus Developers IPO GMP
Sri Lotus Developers IPO review
Sri Lotus Developers IPO GMP live updates
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.
