Sri Lotus Developers IPO is a bookbuilding of 0.00 crore shares.
Sri Lotus Developers IPO dates are yet to be announced. The allotment for the Sri Lotus Developers IPO is expected to be finalized on [.].
Sri Lotus Developers IPO price bands are yet to be announced.
Motilal Oswal Investment Advisors Limited is the book-running lead manager of the Sri Lotus Developers IPO, while Kfin Technologies Limited is the registrar for the issue.
Sri Lotus Developers IPO Details
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹1 per share |
| Issue Price Band | [.] to [.] per share |
| Lot Size | |
| Sale Type | Fresh Capital |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 43,59,09,986 shares |
Sri Lotus Developers And Realty IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net Issue |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII Shares Offered | Not less than 15.00% of the Net Issue |
Sri Lotus Developers IPO DRHP Status
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Tue, Dec 24, 2024 |
| SEBI/Exchange approval received | Fri, May 16, 2025 |
Sri Lotus Developers IPO Promoter Holding
| Share Holding Pre Issue | 91.78% |
| Share Holding Post Issue |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
About Sri Lotus Developers & Realty Ltd.
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 November 30, 2024, the company possesses a developable area of 0.68 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 November 30, 2024, the company has three (3) Completed Projects, six (6) Ongoing Projects and seven (7) Upcoming Projects.
- 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.
Company Financials
Sri Lotus Developers And Realty Limited Financial Information (Restated Consolidated)
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| 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 ₹ Crore | ||||
Key Performance Indicator (KPI)
| KPI | Values |
|---|---|
| ROE | 70.68% |
| ROCE | 26.28% |
| Debt/Equity | 2.51 |
| RoNW | 70.68% |
| PAT Margin | 25.96% |
Objects of the Issue (Sri Lotus Developers IPO Objectives)
- 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.
Sri Lotus Developers & Realty Ltd. Contact Details
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
Phone: +91 7506283400
Email: investors@lotusdevelopers.com
Website: https://www.lotusdevelopers.com/
Sri Lotus Developers IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: srilotus.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/