Sri Lotus Developers IPO: GMP, price band, key dates & financial highlights
- Krishna Priya
- Jul 29
- 2 min read
Sri Lotus Developers & Realty Ltd. has set a price band of ₹140 to ₹150 per equity share, with a lot size of 100 shares, requiring a minimum investment of ₹14,000 for retail investors. IPO Snapshots
Total Issue Size: | ₹792.00 Cr |
Fresh Issue: | ₹792.00 Cr |
Offer for Sale: | Not Applicable |
Face Value: | ₹1 |
Price Band: | ₹140 to ₹150 |
Lot Size: | 100 shares |
Minimum Investment: | ₹14,000 |
Listing: | BSE, NSE |
Anchor Investors: | 29 July, 2025 |
Opens: | 30 July, 2025 |
Closes: | 01 August, 2025 |
Incorporated in February 2015, Sri Lotus Developers and Realty Ltd. is a Mumbai-based real estate developer specializing in ultra-luxury and luxury residential redevelopment projects across the city’s western suburbs. With a developable area of 0.93 million sq. ft. as of June 30, 2025, the company focuses on high-end 2BHK to 4+ BHK residences priced upwards of ₹3 crore, as well as premium commercial office spaces. Its portfolio includes 4 completed projects, 5 ongoing developments, and 11 upcoming ventures—positioning it as a boutique player in Mumbai’s top-tier real estate segment.
Financial Performance
Period Ended | Revenue (Sales) | Profit After Tax (PAT) |
31 Mar 2025 | ₹549.68 Cr | ₹227.89 Cr |
31 Mar 2024 | ₹461.58 Cr | ₹119.14 Cr |
31 Mar 2023 | ₹166.87 Cr | ₹16.80 Cr |
GMP (Grey Market Premium)
As of now, the Grey Market Premium (GMP) for Sri Lotus Developers IPO is hovering around ₹40, indicating a potential listing price of approximately ₹190, translating to an expected gain of nearly 26.7% over the upper price band of ₹150.
Peer Comparison
Company Name | CMP (₹) | Market Cap (₹ Cr.) | P/E | Sales (₹ Cr.) | OPM % | PAT (₹ Cr.) |
Sri Lotus Developers | - | - | - | 549.68 | - | 227.89 |
Arkade Developers | 192.70 | 3,577.79 | 23.06 | 717.17 | 27.63 | 155.46 |
Keystone Realtors | 618.80 | 7,798.73 | 45.37 | 2,004.10 | 10.20 | 171.96 |
Suraj Estate | 292.00 | 1,394.96 | 15.29 | 547.89 | 34.48 | 91.37 |
Sunteck Realty | 402.55 | 5,896.91 | 36.65 | 725.42 | 27.88 | 160.97 |
Mahindra Lifespace | 354.95 | 7,569.52 | 75.80 | 216.10 | -84.83 | 99.84 |
Hubtown Ltd. | 328.20 | 4,450.42 | 96.90 | 408.47 | 28.45 | 45.91 |
Use of Proceeds
Sri Lotus Developers plans to utilize ₹550 crore from the IPO proceeds to invest in its subsidiaries, Richfeel Real Estate, Dhyan Projects, and Tryksha Real Estate for part-funding the development and construction of their ongoing projects: Amalfi, The Arcadian, and Varun, respectively. The remaining funds will be allocated towards general corporate purposes.
Disclaimer: This content is for educational purposes only; please conduct your own research and consult with a qualified investment advisor before making any investment decisions.
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