Sri Lotus Developers and Realty, based in Mumbai, is focused on redevelopment projects in the luxury and ultra-luxury residential and commercial segments of the western suburbs. The company has positioned itself as a high-end real estate developer committed to enhancing lifestyles through customer-centric development.

The IPO of Sri Lotus Developers and Realty Limited is a Book Built Issue of ₹792.00 Crores, consisting of a Fresh Issue of 5.28 Crore shares. The IPO opens on July 30, 2025, and closes on August 1, 2025. The price band has been set at ₹140 to ₹150 per share.

The market capitalization at the upper price band (₹150) will be approximately ₹7,330.64 Crores. Retail investors must invest in a minimum of 1 lot (100 shares), amounting to ₹15,000. For HNIs, the minimum investment is 14 lots (1,400 shares) or ₹2,10,000.

IPO Subscription and GMP Update

As of 11:30 AM on July 31, 2025, the IPO has been subscribed 2.63 times on the second day of bidding, indicating strong investor interest.

The Grey Market Premium (GMP) currently stands at ₹36, implying an expected listing price of ₹186, a 24.09% premium over the upper band. While GMP is unofficial and unregulated, it offers insight into market sentiment.

Anchor Investor Participation

On July 29, 2025, the company raised ₹236.99 Crores from Anchor Investors by allocating 1,57,99,999 equity shares at ₹150 per share, showing institutional confidence in the offering.

Use of IPO Proceeds

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

1. ₹550 Crores will be invested in the company’s subsidiaries—Richfeel Real Estate, Dhyan Projects, and Tryksha Real Estate—to part-fund ongoing projects like Amalfi, The Arcadian, and Varun.

2. Remaining funds will be used for general corporate purposes.

Company Financial Performance

The company has demonstrated strong and consistent financial growth over the past three fiscal years:

This growth reflects efficient project execution and robust profitability.

Valuation and Key Ratios

• Pre-Issue EPS (FY24): ₹5.51

• Post-Issue EPS (FY24): ₹4.65

• Pre-Issue P/E Ratio: 27.22x

• Post-Issue P/E Ratio: 32.24x

• Industry P/E: ~53x

• ROCE: 27.22%

• ROE: 24.39%

• RoNW: 24.39%

The company’s P/E ratio is well below industry average, indicating that valuation is fair and potentially undervalued relative to peers.

Promoter Background

Promoted by Anand Kamalnayan Pandit, the company benefits from his 24+ years of real estate experience. He has executed 12 projects (8 residential + 4 commercial) covering over 3.32 million sq. ft. under other ventures, and has been honoured with the Builder Ratna Award (2016).

IPO Allotment and Listing Dates

• Allotment Date: August 4, 2025 (Monday)

• Listing Date: August 6, 2025 (Wednesday)

• Exchanges: BSE and NSE

How to Check Allotment:

• Go to KFinTech's IPO Allotment Page

• Select Sri Lotus Developers and Realty IPO

• Enter PAN, Application Number, or DP Client ID

• Submit to check status

Final Recommendation

Given the company’s strong revenue growth, healthy margins, experienced management, and a reasonable valuation compared to industry peers, the IPO appears attractively priced.

With a GMP of ₹36 suggesting a 24% listing gain, investors looking for short-term listing benefit are recommended to Apply to Sri Lotus Developers and Realty Limited IPO.

Disclaimer

The above analysis is for educational and informational purposes only and does not constitute investment advice. IPO investments are subject to market risks. Kindly consult your financial advisor before investing.

The Upcoming IPOs in this week and coming weeks are BLT Logistics, Bhadora Industries, Highway Infrastructure, Parth Electricals & Engineering, Jyoti Global Plast, Essex Marine, Aaradhya Disposal Industries.

The Current active IPO are Flysbs Aviation, Cash Ur Drive Marketing, Renol Polychem, B.D. Industries (Pune), NSDL, Takyon Networks, Mehul Colours, M&B Engineering, Sri Lotus Developers & Realty.

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