Sri Lotus Developers IPO: Date, Overview, And GMP

Sri Lotus Developers IPO - Complete Overview 

Sri Lotus Developers IPO, a Mainboard IPO, is a book-built issue of Rs. 792 Cr (5.28 Cr Shares) by Sri Lotus Developers Limited. The company was founded in February 2015, and is a redevelopment company focused on residential and commercial properties based in Mumbai, Maharashtra, specialising in ultra-luxury and luxury redevelopment projects in the Western suburbs.

The company has 0.93 million square feet of residential and commercial projects under development as of June 30, 2025. The following projects, which make up the company's main focus, are being built to create premium residential and commercial properties.

The development of 2BHK and 3BHK flats priced between 3 crores and 7 crores falls under the Luxury Residential Segment. The development of 3BHK, 4BHK, and 4+ BHK flats and penthouses with rentals exceeding 7 crores is also part of the Luxury Residential Segment. The commercial office spaces are also under development (“Commercial” Segment).

This new IPO is to be launched on 30 July 2025, and the initial public offering of this upcoming IPO will end on 01 August 2025.

If you want to apply for the IPO, click to open a Demat Account.

Shahrukh Khan, Big B and others Join Investors List 

Bollywood stars Amitabh Bachchan and Shah Rukh Khan have invested in Sri Lotus Developers & Realty Ltd, which is set to launch an IPO. Furthermore, the Mumbai-based real estate developer has also been funded by the family of Jeetendra, Ektaa Ravi Kapoor, Tusshar Kapoor, along with Rakesh and Hrithik Roshan.

According to the company's Draft Red Herring Prospectus (DRHP), another prominent investor in the company is Ashish Kachloia, often hailed as one of the ‘big whales’ of the Indian stock market.

Let's see the number of shares they hold-

Kacholia - 3,333,300 equity shares

Shah Rukh Khan Family Trust - 6,75000 

Amitabha Bachchan - 6,66670

Ektaa Ravi Kapoor - 13,3300 

Jeetendra Alias Ravi Amarnath Kapoor - 10,0000

Tusshar Kapoor - 100,000

Hrithik Rakesh Roshan - 70,000

Rakesh Roshan - 70,000

Manoj Bajpayee - 6600

 

Sri Lotus Developers IPO Details

The Rs. 792 crore mainline IPO comprises a wholly fresh issue of 5.28 Cr Shares.

The IPO listing date is on Wednesday, 06 August 2025, and it will be listed at BSE and NSE. The Sri Lotus Developers IPO price band is Rs. 140 to Rs. 150 for each Share.

 

 

Company Financial

(Amount in Cr)

Period	31 Mar 2025	31 Mar 2024	31 Mar 2023
Total Assets	1,218.60	736.81	486.23
Total Revenue	569.28	466.19	169.95
PAT	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
Borrowings	122.13	428.24	328.93

 

Cash Flows

The cash flows for various activities are shown below:

(Amount in millions)

Net Cash Flow In Multiple Activities	31 Mar 2025	31 Mar 2024	31 Mar 2023
Net Cash Flow Operating Activities	(195)	461.56	711.36
Net Cash Flow Investing Activities	158.63	276.61	(147.70)
Net Cash Flow Financing Activities	2,499.55	(442.71)	(110.37)

 

Project-wise Revenue Breakdown

(Amount in millions)

Segment-wise Revenue Breakdown

(Amount in millions)

(Source RHP)

 

The Objective of The Issue

• Investment in the Dhyan Projects Private Limited, Tryksha Real Estate Private Limited, and Richfeel Real Estate Private Limited subsidiaries in order to partially finance the development and construction costs of their ongoing projects, Varun, The Arcadian, and Amalfi, respectively.

• General corporate purposes.

Click to check the IPO application status.

Peers of Sri Lotus Developers Ltd.

Company Name	Face Value (Rs.)	EPS (Rs.)	P/E (x)
Arkade Developers Limited	10	9.25	22.03
Keystone Realtors Limited	10	13.85	48.18
Suraj Estate Developers Limited	5	21.80	14.91
Sunteck Realty Limited	1	10.26	43.26
Mahindra Lifespaces Limited	10	3.95	91.43
Hubtown Limited	10	4.39	68.20

 

Evaluation

The Sri Lotus IPO price is between Rs. 140 to Rs. 150 for each Share.

Evaluation of P/E Ratio

Considering the period of FY 2025, with an EPS of Rs. 5.51 from the last year, the resulting P/E ratio is 27.22x.

Considering the weighted EPS of Rs. 3.83 for the last three years, the P/E ratio is 39.16x.

Explore the Shanti Gold International IPO.

 

Comparative Analysis With Listed Peers

The average P/E Ratio of the industry is 53.17x.

Particulars	P/E Ratio (x)
Highest	91.43
Lowest	14.91
Average	53.17

In simple words, the P/E ratio of this IPO is 27.22x, compared with the industry’s average P/E of 53.17x, indicating an undervaluation (on a P/E ratio basis only). Hence, the price of the Share seems fully priced for the investors when considered based on the average P/E ratio of the industry.

IPO's Strengths 

• Located in the Ultra Luxury and Luxury residential real estate segments in the Western Suburbs of Mumbai, concentrating on builder requirements aided by a strong project pipeline.

• Collective brand visibility makes us stand out in the market, selling throughout the construction period, enabling us to sell at a premium.

• Its cash flow from operating funds is high due to an asset-light model used in development agreements to design and build the structure.

• Capabilities in all areas of the development throughout the project lifecycle. Consistent and on time delivery of project milestones.

 

 

IPO’s Weaknesses

• The business has high working capital requirements, and any delays in receivables or the execution of projects can threaten liquidity. 

• The company operates in the real estate industry, which subjects it to several stringent regulations and requires numerous permits and clearances; the company’s delays or denials of which can hamper the company’s operations. 

• Construction materials, such as steel and cement, are subject to volatile pricing. Any such fluctuations would impact the margin and the overall cost projection of the project.
  
  

Sri Lotus Developers IPO GMP 

Sri Lotus Developers IPO GMP today is Rs. 51 as of 24 July 2025, while writing this information. Hence, its estimated listing price might be Rs. 201 (Upper price + Current GMP).

Sri Lotus Developers Limited IPO Timetable (Tentative)

The IPO open date is from Jul 30 to Aug 01, with IPO allotment on Aug 04, refund initiation on Aug 05, and listing on Aug 06, 2025.

Events	Date
IPO Opening Date	Jul 30, 2025
IPO Closing Date	Aug 01, 2025
IPO Allotment Date	Aug 04, 2025
Refund Initiation	Aug 05, 2025
IPO Listing Date	Aug 06, 2025

 

Sri Lotus Developers IPO Details 

The Sri Lotus Developers Limited IPO with a face value of Rs. 1 per Share offers a total issue size of 5,28,00,000 Shares (Rs. 792 Cr) and will be listed at BSE and NSE.

IPO Opening & Closing Date	Jul 30, 2025 to Aug 01, 2025
Face Value	Rs. 1 per Share
Issue Price	Rs. 140 to Rs. 150
Lot Size	100 Shares
Issue Size	5,28,00,000 Shares (Rs. 792 Cr)
Offer for Sale	-
Fresh Issue	5,28,00,000 Shares (Rs. 792 Cr)
Listing At	BSE, NSE
Issue Type	Book Built Issue IPO
Registrar	Kfin Technologies Limited

Sri Lotus Developers IPO Lot Size

The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (100 Shares) amounting to Rs. 15000 and 13 Lots (1300 Shares) amounting to Rs. 195000, respectively, while for HNI investors, the minimum Lot is 14 (1400 Shares) amounting to Rs. 210000.

Minimum Lot Investment (Retail)	1 Lot
Maximum Lot Investment (Retail)	13 Lots
S-HNI (Minimum)	14 Lots
S-HNI (Maximum)	66 Lots
B-HNI (Minimum)	67 Lots

 

 

Sri Lotus Developers IPO Reservation

Institutional Share Portion	50%
Retail Investors' Share Portion	35%
Non-Institutional Shares Portion	15%

 

Promoters And Management of Sri Lotus Developers Ltd.

• Anand Kamalnayan Pandit

• Roopa Anand Pandit

• Ashka Anand Pandit.
  
  

Pre-Issue Promoter Shareholding	91.78%
Post-Issue Promoter Shareholding	-

 

Sri Lotus Developers IPO Lead Managers

• Motilal Oswal Investment Advisors Limited.

 

Dividend Policy

The company has paid no dividends in the last three fiscal years.

 

 

Conclusion

Sri Lotus Developers IPO proposes the fresh issue of Rs. 792 Cr in the luxurious redevelopment real estate space of Mumbai. It is showing potential with higher revenue growth, improving profitability, and premium project pipeline. Regulatory, operational, and cost-related risks, however, should be considered.

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

Click Here To Stay Updated With The Upcoming IPOs.

DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.