Sri Lotus Developers IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Jul 30 to Aug 01 2025
Price Band
₹150
Current GMP
₹178(18.67%)
Subscription
74.10 times
IPO Details
| IPO Date | July 30, 2025 to August 1, 2025 |
| Listing Date | August 6, 2025 |
| Face Value | ₹1 per share |
| Issue Price | ₹150 per share |
| Lot Size | 100 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 5,28,13,724 shares (aggregating up to ₹792.21 Cr) |
| Employee Discount | ₹14.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 43,59,09,986 shares |
| Share Holding Post Issue | 48,87,23,710 shares |
IPO Date
July 30, 2025 to August 1, 2025
Listing Date
August 6, 2025
Face Value
₹1 per share
Issue Price
₹150 per share
Lot Size
100 Shares
Sale Type
Fresh Capital
Total Issue Size
5,28,13,724 shares (aggregating up to ₹792.21 Cr)
Employee Discount
₹14.00
Issue Type
Bookbuilding IPO
Listing At
BSE, NSE
Share Holding Pre Issue
43,59,09,986 shares
Share Holding Post Issue
48,87,23,710 shares
IPO Subscription Details
| Anchor Investors | 1 |
| Qualified Institutions | 175.61 |
| Non-Institutional Buyers | 61.82 |
| bNII (bids above ₹10L) | 59.13 |
| sNII (bids below ₹10L) | 67.22 |
| Retail Investors | 21.77 |
| Employees | 21.37 |
| Total ** | 74.10 |
Anchor Investors
1
Qualified Institutions
175.61
Non-Institutional Buyers
61.82
bNII (bids above ₹10L)
59.13
sNII (bids below ₹10L)
67.22
Retail Investors
21.77
Employees
21.37
Total **
74.10
Day Wise Sub
| Day | QIB | NII | NII (> ₹10L) | NII (< ₹10L) | Retail | EMP | Total |
|---|---|---|---|---|---|---|---|
| Day 1 Jul 30, 2025 | 5.68 | 3.32 | 2.69 | 4.59 | 3.05 | 3.24 | 3.86 |
| Day 2 Jul 31, 2025 | 9.31 | 17.10 | 14.11 | 23.09 | 9.58 | 8.46 | 11.10 |
| Day 3 Aug 1, 2025 | 175.61 | 61.82 | 59.13 | 67.22 | 21.77 | 21.37 | 74.10 |
DayDay 1
Jul 30, 2025
QIB5.68
NII3.32
NII (> ₹10L)2.69
NII (< ₹10L)4.59
Retail3.05
EMP3.24
Total3.86
DayDay 2
Jul 31, 2025
QIB9.31
NII17.10
NII (> ₹10L)14.11
NII (< ₹10L)23.09
Retail9.58
EMP8.46
Total11.10
DayDay 3
Aug 1, 2025
QIB175.61
NII61.82
NII (> ₹10L)59.13
NII (< ₹10L)67.22
Retail21.77
EMP21.37
Total74.10
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 06-08-2025 | 150.00 | 27(18.00%) | 177 |
| 05-08-2025 | 150.00 | 27(18.00%) | 177 |
| 04-08-2025 | 150.00 | 39(26.00%) | 189 |
| 03-08-2025 | 150.00 | 37(24.67%) | 187 |
| 02-08-2025 | 150.00 | 37(24.67%) | 187 |
| 01-08-2025 | 150.00 | 37(24.67%) | 187 |
| 31-07-2025 | 150.00 | 42(28.00%) | 192 |
| 30-07-2025 | 150.00 | 44(29.33%) | 194 |
| 29-07-2025 | 150.00 | 44(29.33%) | 194 |
| 28-07-2025 | 150.00 | 40(26.67%) | 190 |
| 27-07-2025 | 150.00 | 32(21.33%) | 182 |
| 26-07-2025 | 150.00 | 32(21.33%) | 182 |
| 25-07-2025 | 150.00 | 32(21.33%) | 182 |
| 24-07-2025 | 150.00 | 34(22.67%) | 184 |
| 23-07-2025 | NA | 51(0.00%) | 51 |
| 22-07-2025 | 0(%) | (%) |
Date06-08-2025
Price150.00
GMP27(18.00%)
Estimate List Price177
Date05-08-2025
Price150.00
GMP27(18.00%)
Estimate List Price177
Date04-08-2025
Price150.00
GMP39(26.00%)
Estimate List Price189
Date03-08-2025
Price150.00
GMP37(24.67%)
Estimate List Price187
Date02-08-2025
Price150.00
GMP37(24.67%)
Estimate List Price187
Date01-08-2025
Price150.00
GMP37(24.67%)
Estimate List Price187
Date31-07-2025
Price150.00
GMP42(28.00%)
Estimate List Price192
Date30-07-2025
Price150.00
GMP44(29.33%)
Estimate List Price194
Date29-07-2025
Price150.00
GMP44(29.33%)
Estimate List Price194
Date28-07-2025
Price150.00
GMP40(26.67%)
Estimate List Price190
Date27-07-2025
Price150.00
GMP32(21.33%)
Estimate List Price182
Date26-07-2025
Price150.00
GMP32(21.33%)
Estimate List Price182
Date25-07-2025
Price150.00
GMP32(21.33%)
Estimate List Price182
Date24-07-2025
Price150.00
GMP34(22.67%)
Estimate List Price184
Date23-07-2025
PriceNA
GMP51(0.00%)
Estimate List Price51
Date22-07-2025
Price
GMP0(%)
Estimate List Price(%)
IPO Important Dates
| IPO Open Date | Wed, Jul 30, 2025 |
| IPO Close Date | Fri, Aug 1, 2025 |
| Tentative Allotment | Mon, Aug 4, 2025 |
| Initiation of Refunds | Tue, Aug 5, 2025 |
| Credit of Shares to Demat | Tue, Aug 5, 2025 |
| Tentative Listing Date | Wed, Aug 6, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 1, 2025 |
IPO Open Date
Wed, Jul 30, 2025
IPO Close Date
Fri, Aug 1, 2025
Tentative Allotment
Mon, Aug 4, 2025
Initiation of Refunds
Tue, Aug 5, 2025
Credit of Shares to Demat
Tue, Aug 5, 2025
Tentative Listing Date
Wed, Aug 6, 2025
Cut-off time for UPI mandate confirmation
5 PM on August 1, 2025
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 100 | ₹15,000 |
| Retail (Max) | 13 | 1,300 | ₹1,95,000 |
| S-HNI (Min) | 14 | 1,400 | ₹2,10,000 |
| S-HNI (Max) | 66 | 6,600 | ₹9,90,000 |
| B-HNI (Min) | 67 | 6,700 | ₹10,05,000 |
ApplicationRetail (Min)
Lots1
Shares100
Amount₹15,000
ApplicationRetail (Max)
Lots13
Shares1,300
Amount₹1,95,000
ApplicationS-HNI (Min)
Lots14
Shares1,400
Amount₹2,10,000
ApplicationS-HNI (Max)
Lots66
Shares6,600
Amount₹9,90,000
ApplicationB-HNI (Min)
Lots67
Shares6,700
Amount₹10,05,000
Financial Information
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 1,218.60 | 736.81 | 486.23 |
| Total Income | 569.28 | 466.19 | 169.95 |
| Profit After Tax | 227.89 | 119.14 | 16.80 |
| EBITDA | 288.97 | 158.55 | 20.84 |
| Net Worth | 932.44 | 169.56 | 48.36 |
| Reserves and Surplus | 888.93 | 149.60 | 28.32 |
| Total Borrowing | 122.13 | 428.24 | 328.93 |
Period EndedPeriod Ended
31 Mar 202531 Mar 2025
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
31 Mar 20251,218.60
31 Mar 2024736.81
31 Mar 2023486.23
Period EndedTotal Income
31 Mar 2025569.28
31 Mar 2024466.19
31 Mar 2023169.95
Period EndedProfit After Tax
31 Mar 2025227.89
31 Mar 2024119.14
31 Mar 202316.80
Period EndedEBITDA
31 Mar 2025288.97
31 Mar 2024158.55
31 Mar 202320.84
Period EndedNet Worth
31 Mar 2025932.44
31 Mar 2024169.56
31 Mar 202348.36
Period EndedReserves and Surplus
31 Mar 2025888.93
31 Mar 2024149.60
31 Mar 202328.32
Period EndedTotal Borrowing
31 Mar 2025122.13
31 Mar 2024428.24
31 Mar 2023328.93
Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio |
|---|---|---|---|---|---|---|
| Sri Lotus Developers And Realty Limited | 5.51 | 5.51 | 21.39 | 24.39 | ||
| Arkade Developers Limited | 9.25 | 9.25 | 47.60 | 22.03 | 17.76 | 4.32 |
| Keystone Realtors Limited | 13.85 | 13.71 | 219.95 | 48.18 | 6.20 | 3.05 |
| Suraj Estate Developers Limited | 21.80 | 19.70 | 195.08 | 14.91 | 11.10 | 1.67 |
| Sunteck Realty Limited | 10.26 | 10.26 | 222.54 | 43.26 | 4.61 | 2.00 |
| Mahindra Lifespaces Limited | 3.95 | 3.95 | 122.26 | 91.43 | 3.23 | 2.96 |
| Hubtown Limited | 4.39 | 4.25 | 177.60 | 68.20 | 1.93 | 1.69 |
Company NameSri Lotus Developers And Realty Limited
EPS (Basic)5.51
EPS (Diluted)5.51
NAV (per share) (Rs)21.39
P/E (x)
RoNW (%)24.39
P/BV Ratio
Company NameArkade Developers Limited
EPS (Basic)9.25
EPS (Diluted)9.25
NAV (per share) (Rs)47.60
P/E (x)22.03
RoNW (%)17.76
P/BV Ratio4.32
Company NameKeystone Realtors Limited
EPS (Basic)13.85
EPS (Diluted)13.71
NAV (per share) (Rs)219.95
P/E (x)48.18
RoNW (%)6.20
P/BV Ratio3.05
Company NameSuraj Estate Developers Limited
EPS (Basic)21.80
EPS (Diluted)19.70
NAV (per share) (Rs)195.08
P/E (x)14.91
RoNW (%)11.10
P/BV Ratio1.67
Company NameSunteck Realty Limited
EPS (Basic)10.26
EPS (Diluted)10.26
NAV (per share) (Rs)222.54
P/E (x)43.26
RoNW (%)4.61
P/BV Ratio2.00
Company NameMahindra Lifespaces Limited
EPS (Basic)3.95
EPS (Diluted)3.95
NAV (per share) (Rs)122.26
P/E (x)91.43
RoNW (%)3.23
P/BV Ratio2.96
Company NameHubtown Limited
EPS (Basic)4.39
EPS (Diluted)4.25
NAV (per share) (Rs)177.60
P/E (x)68.20
RoNW (%)1.93
P/BV Ratio1.69
IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 2,63,33,332 (49.86%) | NA |
| − Anchor Investor Shares Offered | 1,57,99,999 (29.92%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 1,05,33,333 (19.94%) | NA |
| NII (HNI) Shares Offered | 79,00,000 (14.96%) | NA |
| − bNII > ₹10L | 52,66,666 (9.97%) | 3,761 |
| − sNII < ₹10L | 26,33,334 (4.99%) | 1,880 |
| Retail Shares Offered | 1,84,33,334 (34.90%) | 1,84,333 |
| Employee Shares Offered | 1,47,058 (0.28%) | NA |
| Total Shares Offered | 5,28,13,724 (100.00%) |
Investor CategoryQIB Shares Offered
Shares Offered2,63,33,332 (49.86%)
Maximum AllotteesNA
Investor Category− Anchor Investor Shares Offered
Shares Offered1,57,99,999 (29.92%)
Maximum AllotteesNA
Investor Category− QIB (Ex. Anchor) Shares Offered
Shares Offered1,05,33,333 (19.94%)
Maximum AllotteesNA
Investor CategoryNII (HNI) Shares Offered
Shares Offered79,00,000 (14.96%)
Maximum AllotteesNA
Investor Category− bNII > ₹10L
Shares Offered52,66,666 (9.97%)
Maximum Allottees3,761
Investor Category− sNII < ₹10L
Shares Offered26,33,334 (4.99%)
Maximum Allottees1,880
Investor CategoryRetail Shares Offered
Shares Offered1,84,33,334 (34.90%)
Maximum Allottees1,84,333
Investor CategoryEmployee Shares Offered
Shares Offered1,47,058 (0.28%)
Maximum AllotteesNA
Investor CategoryTotal Shares Offered
Shares Offered5,28,13,724 (100.00%)
Maximum Allottees
Information about company
Incorporated in February 2015, Sri Lotus Developers and Realty Limited is a developer of residential and commercial properties located in Mumbai, Maharashtra, specializing in redevelopment projects within the ultra-luxury and luxury segments of the western suburbs.
As of June 30, 2025, the company possesses a developable area of 0.93 million square feet, encompassing residential and commercial properties.
The company's developmental focus is primarily directed towards ultra-luxury and luxury residential properties, in addition to commercial properties, through the following initiatives:
The construction and development of the flats identified as 2BHK and 3 BHK, which are priced within the range of ₹3 crores to ₹7 crores, is categorized under the "Luxury Residential Segment."
The construction and development of 3BHK and 4 BHK, along with flats and penthouses exceeding four bedrooms (4+ BHK), rentals pricing surpasses ₹7 crores. This offering is integrated with the Luxury Residential Segment
The construction and development of commercial office spaces ("Commercial") Segment”).
As of June 30, 2025, the company has four (4) Completed Projects, five (5) Ongoing Projects and eleven (11) Upcoming Projects.
Competitive Strengths
Positioned in the Ultra Luxury and Luxury residential real estate markets of Mumbai's Western Suburbs, focusing on customer needs with a strong project pipeline.
Strong brand recognition with the ability to sell at premium pricing, allowing us to sell throughout the construction phase.
Asset-light model for development of projects through development agreements, enabling us to maintain the high level of cash flow generated from operating activities.
End-to-end capabilities and timely completion of projects.
Experienced Promoters and management team.
Objectives of IPO
The Company Sri Lotus Developers IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
S.No.
Objects of the Issue
Expected Amount (₹ in crores)
1
Investment in the Subsidiaries, Richfeel Real Estate Private Limited, Dhyan Projects Private Limited and Tryksha Real Estate Private Limited for part-funding development and construction cost of their Ongoing Projects, Amalfi, The Arcadian and Varun, respectively
550.00
2
General corporate purposes
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