Sri Lotus Developers and Realty is a Mumbai-based developer specializing in residential and commercial premises, with a strong focus on redevelopment projects in the Ultra Luxury and Luxury Segments in the western suburbs. Since inception, the company has prioritized building a brand focused on customer satisfaction and creating environments that enhance lifestyle experiences.

IPO Details and Subscription Information

The company is launching a Book Built Issue amounting to approximately ₹792 Crores through a Fresh Issue of 5.28 Crore equity shares. The IPO subscription opens on July 30, 2025, and closes on August 1, 2025. The allotment date is scheduled for August 4, 2025, with listing expected on August 6, 2025, on both the BSE and NSE.

The IPO price band is set between ₹140 and ₹150 per share. At the upper price band, the company’s market capitalization will be approximately ₹7,330.64 Crores. The minimum lot size for retail investors is 100 shares, requiring a minimum investment of ₹15,000. High-Net-Worth Individuals (HNIs) must apply for at least 14 lots (1,400 shares), amounting to ₹2,10,000.

Monarch Networth Capital Limited and Motilal Oswal Investment Advisors Limited are the Book Running Lead Managers (BRLMs) for the issue, and KFin Technologies Limited is the registrar.

Grey Market Premium and Subscription Status

The Grey Market Premium (GMP) is reported at ₹36 as of July 28, 2025, indicating a possible listing gain of around 24.09%. Investors should note that grey market premiums are indicative and depend on unregulated demand and supply; they do not guarantee listing price or returns.

On the first day of subscription (July 30, 2025), the IPO was subscribed 0.27 times. Investors can monitor the live subscription status via the BSE website.

Anchor Investor Participation

Sri Lotus Developers and Realty raised about ₹236.99 Crores from anchor investors at ₹150 per share. A total of 1,57,99,999 shares were allotted to anchor investors from the Qualified Institutional Buyers (QIB) portion.

Company Overview and Financial Highlights

The company is led by Anand Kamalnayan Pandit, the promoter with over 24 years of experience in real estate development. He has successfully overseen 12 projects across residential and commercial segments covering over 3.32 million sq. ft.

Financially, the company has shown robust growth:

• Revenues for FY23, FY24, and FY25 were ₹1,699.46 Million, ₹4,661.88 Million, and ₹5,692.77 Million respectively.

• EBITDA improved from ₹244.31 Million (FY23) to ₹3,085.61 Million (FY25).

• Profit After Tax (PAT) increased from ₹168.03 Million (FY23) to ₹2,278.86 Million (FY25).

Key financial ratios for FY24 include:

• Pre-issue EPS: ₹5.51

• Post-issue EPS: ₹4.65

• Pre-issue P/E ratio: 27.22x

• Post-issue P/E ratio: 32.24x (industry P/E approx. 53x)

• ROCE: 27.22%

• ROE and RoNW: 24.39%

These metrics indicate that the IPO is fairly priced compared to industry standards.

Investment Perspective

The strong promoter background, strategic focus on luxury redevelopment, and consistent financial performance make Sri Lotus Developers and Realty’s IPO an attractive investment for investors with moderate risk tolerance. The GMP suggests potential listing gains.

How to Check Allotment Status

Investors can check their allotment status starting August 4, 2025, on the registrar’s website by:

• Visiting the IPO allotment page

• Selecting Sri Lotus Developers and Realty Limited IPO from the IPO list

• Entering application number, PAN, or DP Client ID

• Submitting the details to view allotment status

IPO Objectives

The net proceeds from the IPO will be utilized as follows:

1. Approximately ₹550 Crores to fund investment in subsidiaries for part-financing ongoing development projects Amalfi, The Arcadian, and Varun.

2. General corporate purposes.

Disclaimer

This article is for informational purposes only and does not constitute investment advice. Investors should seek professional advice and carefully review the prospectus before investing. Investment in securities is subject to market risks.

The Upcoming IPOs in this week and coming weeks are BLT Logistics, Bhadora Industries, Highway Infrastructure, Flysbs Aviation, Parth Electricals & Engineering, Jyoti Global Plast, Cash Ur Drive Marketing, Renol Polychem, Jyoti Global Plast, Jyoti Global Plast.

The Current active IPO are B.D. Industries (Pune), NSDL, Takyon Networks, Mehul Colours, M&B Engineering, Sri Lotus Developers & Realty, Aditya Infotech, Lakshmi India Finance, Kaytex Fabrics, Umiya Mobile, Repono.

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