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Sri Lotus Developers IPO
Price Band
₹140.0–150.0
Issue Size
₹792.0 Cr
Lot Size
100 shares
Min Investment
₹15,000
GMP
+₹27.0 (18.0%)
Issue Price
₹150.0
Subject to Sauda
₹2100
Paid only if allotted
Sri Lotus Developers IPO AI Summary
- Sri Lotus Developers IPO is listed on BSE, NSE in the Residential, Commercial Projects sector.
- Price band: ₹140.0–₹150.0 per share, lot size 100 shares (min. investment ₹15,000).
- Subscription window: 30 Jul–01 Aug 2025, listing on 06 Aug 2025.
- Current GMP is +₹27.0 (18.0%), an estimated listing price of ₹177 — unofficial and can change daily.
Sri Lotus Developers is an emerging player in the luxury real estate sector in Mumbai, with a strong project pipeline and financial growth. Investors should consider their risk appetite and market conditions when evaluating the IPO.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Sri Lotus Developers IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 01 Aug 2025 — not a current signal.
13 of 16 reviewers say Positive
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Sri Lotus Developers IPO Grey Market Premium (GMP) Today
GMP
+₹27.0
GMP %
+18.0%
Est. Listing
₹177.0
Updated: 25 Jul 2026 14:13
About the Company
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 June 30, 2025, the company possesses a developable area of 0.93 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 June 30, 2025, the company has four (4) Completed Projects, five (5) Ongoing Projects and eleven (11) Upcoming Projects. Competitive Strengths 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 (₹ Cr)
As of 2025-03-31
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 1,218.60 | 736.81 | 486.23 |
| Total Income | 569.28 | 466.19 | 169.95 |
| Profit After Tax | 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 |
| Total Borrowing | 122.13 | 428.24 | 328.93 |
Key Ratios
EPS
₹5.23
NAV
₹21.39
ROE
24.39%
ROCE
27.22%
RoNW
24.39%
P/B Value
7.01
P/E Ratio
28.69
Market Cap
₹7330.65 Cr
PAT Margin
41.46%
Debt/Equity
0.13
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Hubtown Limited | 177.6 | 1.93% | 68.2 | 4.39 | 4.25 |
| Mahindra Lifespaces Limited | 122.26 | 3.23% | 91.43 | 3.95 | 3.95 |
| Sunteck Realty Limited | 222.54 | 4.61% | 43.26 | 10.26 | 10.26 |
| Suraj Estate Developers Limited | 195.08 | 11.1% | 14.91 | 21.8 | 19.7 |
| Keystone Realtors Limited | 219.95 | 6.2% | 48.18 | 13.85 | 13.71 |
| Arkade Developers Limited | 47.6 | 17.76% | 22.03 | 9.25 | 9.25 |
| Sri Lotus Developers And Realty Limited This IPO | 21.39 | 24.39% | — | 5.51 | 5.51 |
Promoters
Anand Kamalnayan Pandit, Roopa Anand Pandit and Ashka Anand Pandit
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Investment in the Subsidiaries, Richfeel Real Estate Pvt.Ltd., Dhyan Projects Pvt.Ltd. and Tryksha Real Estate Pvt.Ltd. for part-funding development and construction cost of their Ongoing Projects, Amalfi, The Arcadian and Varun, respectively 550.00 2 General Corporate Purposes 182.29 3 Issue Expenses 59.71 Total 792.00
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹169.95 Cr in the year ending 31 Mar 2023, rising to ₹466.19 Cr by 31 Mar 2024, and further increasing to ₹569.28 Cr by 31 Mar 2025. This shows a significant growth trajectory over the periods.
Profit Trend
Profit after tax was ₹16.80 Cr for the year ending 31 Mar 2023, increasing to ₹119.14 Cr by 31 Mar 2024, and reaching ₹227.89 Cr by 31 Mar 2025. This demonstrates a strong upward trend in profitability.
Valuation
Sri Lotus Developers has an implied P/E ratio of 28.69 at the issue price, compared to peers trading at P/E ratios ranging from 14.91 to 91.43.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected premium on the listing price of an IPO based on unofficial trading. A positive GMP suggests that investors expect the stock to list above its issue price, while a negative GMP indicates the opposite.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance.
Who May Want to Wait
Investors who prefer stable returns and are risk-averse may want to avoid IPOs in the real estate sector, which can be subject to market fluctuations and project delays.
IPO Timeline, Explained
The IPO process includes several key dates: the issue opens on 30 July 2025 and closes on 1 August 2025. Allotment of shares is expected by 4 August 2025, with the listing date set for 6 August 2025.
Listing Gains — The Risk
Listing-day gains can be unpredictable. While some IPOs may list at a premium, others may not perform as expected due to market conditions or investor sentiment. It's essential to consider these risks before investing.
This evaluation is generated from Sri Lotus Developers's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Sri Lotus Developers IPO GMP today?
Sri Lotus Developers IPO GMP today is +₹27.0 (18.0%), indicating an estimated listing price of ₹177. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Sri Lotus Developers IPO?
The price band of Sri Lotus Developers IPO is ₹140.0–₹150.0 per share.
When does Sri Lotus Developers IPO open and close?
Sri Lotus Developers IPO opens on 30 July 2025 and closes on 01 August 2025.
When does Sri Lotus Developers IPO list on the stock exchange?
Sri Lotus Developers IPO listed on 06 August 2025 at ₹177.0.
What is the lot size for Sri Lotus Developers IPO?
The lot size for Sri Lotus Developers IPO is 100 shares, requiring a minimum investment of ₹15,000.
What is the price band for the IPO?
The price band for the IPO is ₹140 to ₹150.
What is the minimum investment required?
The minimum investment required is ₹15,000.
What is the lot size for the IPO?
The lot size for the IPO is 100 shares.
When is the listing date?
The listing date is scheduled for 6 August 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium on the listing price of the IPO.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
30 Jul 2025
Close
01 Aug 2025
Allotment
04 Aug 2025
Listing
06 Aug 2025
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