Sri Lotus Developers and Realty Limited is a Mumbai-based real estate developer primarily focused on redevelopment projects in the ultra-luxury and luxury segments within the western suburbs of Mumbai.
Key highlights:
- Established to create high-end residential and commercial spaces that enhance customer lifestyles.
- Operates strategically in Mumbai, which is among India’s largest and most dynamic real estate markets.
- Led by promoter Anand Kamalnayan Pandit, who brings over 24 years of real estate experience and has successfully developed over 3.32 million sq. ft. across 12 projects (8 residential, 4 commercial).
The company develops projects under three models:
- Redevelopment Projects – reconstructing older buildings through development agreements.
- Joint Development Projects – collaborating with landowners.
- Greenfield Projects – constructing on newly acquired, undeveloped land.
Project portfolio:
- As of June 30, 2025:
- 5 ongoing projects and
- 11 upcoming projects, with an estimated developable area of around 4.97 million sq. ft.
- Positioned in premium locations like Juhu, Bandra, Andheri West, Versova, and Prabhadevi.
Market position & brand:
- Commands a price premium of ~22% over the average quoted prices in the Juhu market.
- Recognized among the ‘Best Realty Brands’ in 2024 and 2025 by ET Edge under the luxury category.
- Strong brand recall and reputation for construction quality and timely delivery.
Sri Lotus Developers IPO – Details
| IPO Opening Date | 30 July 2025 |
| IPO Closing Date | 01 August 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: [] Shares Worth ₹792.00 Crore Fresh Issue: [] Shares Worth ₹792.00 Crore |
| Face Value | ₹1 per equity share |
| IPO Price | ₹[] – ₹[] per share |
| Market Lot | – |
| Min Order | – |
| Listing At | BSE, NSE |
| Register | Kfin Technologies Limited |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Sri Lotus Developers IPO – Date Schedule
| IPO Open Date | 30 July 2025 |
| IPO Close Date | 01 August 2025 |
| Basis of Allotment | 04 August 2025 |
| Initiation of Refund | 05 August 2025 |
| Credit of Shares to Demat Account | 05 August 2025 |
| IPO Listing Date | 06 August 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 01, 2025 |
Sri Lotus Developers IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | – | – | ₹ |
| Retail (Max) | – | – | ₹ |
| S-HNI (Min) | – | – | ₹ |
| S-HNI (Max) | – | – | ₹ |
| B-HNI (Min) | – | – | ₹ |
Competitive Strength
- 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 Promoters
- Anand Kamalnayan Pandit
- Roopa Anand Pandit
- Ashka Anand Pandit
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2023 | ₹169.95 Cr | ₹147.06 Cr | ₹16.29 Cr | ₹328.93 Cr |
| 31 March 2024 | ₹466.19 Cr | ₹305.07 Cr | ₹119.81 Cr | ₹428.23 Cr |
| 31 March 2025 | ₹569.27 Cr | ₹262.45 Cr | ₹227.89 Cr | ₹122.12 Cr |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 24.39% |
| ROCE | 27.22% |
| Debt/Equity | 0.13 |
| RoNW | 24.39% |
| PAT Margin | 41.46% |
| EBITDA Margin | 52.57% |
| Pre IPO | Post IPO | |
| EPS (₹) | – | – |
| P/E (x) | – | – |
Object Of The Issue
| Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|
| Investment in its Subsidiaries, Richfeel Real Estate Private Limited, Dhyan Projects Private Limited, and Tryksha Real Estate Private Limited, for part-funding the development and construction costs of its Ongoing Projects, Amalfi, The Arcadian, and Varun, respectively. | 550.00 |
| General corporate purposes. |
Sri Lotus Developers IPO Peer Comparison
| S. No. | Face Value (₹) | Company Name | P/E Ratio |
|---|---|---|---|
| 1 | 10 | Mahindra Lifespaces Limited | 91.43 |
| 2 | 10 | Hubtown Limited | 68.20 |
| 3 | 10 | Keystone Realtors Limited | 48.18 |
| 4 | 1 | Sunteck Realty Limited | 43.26 |
| 5 | 10 | Arkade Developers Limited | 22.03 |
| 6 | 5 | Suraj Estate Developers Limited | 14.91 |
✅Strengths
- Strong focus on luxury segment in Mumbai’s western suburbs.
- Asset-light redevelopment model supporting cash flow.
- Premium brand known for timely delivery and quality.
- Led by an experienced promoter with 24+ years in real estate.
⚠️Risks
- Dependent on economic cycles and market demand.
- High capital needs and borrowings.
- Possible regulatory delays and project risks.
- Reliance on key management.
Sri Lotus Developers IPO Promoter Holding
| Pre Issue Share Holding | 91.78% |
| Post Issue Share Holding | – |
Sri Lotus Developers IPO Prospectus
Company Contact Information
| Sri Lotus Developers & Realty Ltd. 5th & 6th Floor, Lotus Tower 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/ |
Sri Lotus Developers IPO Lead Manager(s)
| 1. Monarch Networth Capital Limited 2. Motilal Oswal Investment Advisors Limited |
Sri Lotus Developers IPO FAQs
| What is Sri Lotus Developers IPO? Sri Lotus Developers IPO is a main-board IPO. The issue is priced at ₹[] to ₹[] per equity share. The IPO is to be listed on BSE & NSE. |
| When will Sri Lotus Developers IPO open? The IPO is to open on 30 July 2025 for QIB, NII, and Retail Investors. |
| What is Sri Lotus Developers IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Sri Lotus Developers IPO? You can apply Sri Lotus Developers IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Sri Lotus Developers IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Sri Lotus Developers IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Sri Lotus Developers IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Sri Lotus Developers IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Sri Lotus Developers IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Sri Lotus Developers IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Sri Lotus Developers IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Sri Lotus Developers IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Sri Lotus Developers IPO Size? Sri Lotus Developers IPO size is ₹792.00 Crore. |
| What is the Sri Lotus Developers IPO Price Band? Sri Lotus Developers IPO Price Band is ₹[] to ₹[]. |
| What is Sri Lotus Developers IPO Minimum and Maximum Lot Size for Retail? The minimum bid is [] Shares with ₹[] while the maximum bid is [] Shares with ₹[]. |
| What is the Sri Lotus Developers IPO Allotment Date? Sri Lotus Developers IPO allotment date is 04 August 2025. |
| What is the Sri Lotus Developers IPO Listing Date? Sri Lotus Developers IPO listing date is 06 August 2025. The IPO is to be listed on BSE and NSE. |
