Sri Lotus Developers & Realty Limited is a Mumbai-based real estate development company, has launched its Initial Public Offering (IPO), attracting attention due to its high-end projects, strong financials, and celebrity anchor investors. Here’s a detailed look at the IPO, including the timeline, lot size, price band, promoter shareholding, reservation breakup, and company contact details.
Sri Lotus Developers IPO Date
Shri Lotus Developers IPO will open for subscription on July 30, 2025 and close on August 1, 2025. The basis of allotment will be finalised on August 4, 2025, refunds and shares will be credited to demat accounts by 5 August 2025. The shares are scheduled to be listed on both BSE and NSE website on August 6, 2025.
Sri Lotus Developers IPO Details
- Issue Size: ₹792 crore
- Type: 100% fresh issue (no offer for sale)
- Price Band: ₹140 – ₹150 per share
- Face Value: ₹1 per share
- Total Shares Offered: 5.28 crore
- Minimum Investment (Retail): ₹15,000 for 100 shares
- Listing Exchanges: BSE, NSE
The objective of the IPO is to finance ongoing projects through investments in subsidiaries and to meet general corporate purposes.
Lot Size and Investment
The lot size for retail investors is 100 shares. A retail investor can apply for a minimum of one lot (₹15,000 at the upper price band of ₹150). High Net-worth Individuals (HNIs) must apply for a minimum of 14 lots (1,400 shares) in the small HNI category and 67 lots (6,700 shares) in the big HNI category.
Sri Lotus Developers IPO Promoter Holding
Before the IPO, the promoter stake was 91.8%. Post the IPO, it is expected to reduce to 81.9%, increasing public shareholding to 18.1%. This reduction will improve transparency and liquidity in the company’s shares after listing.
Sri Lotus Developers IPO Reservation
The IPO reservation is structured as follows:
- Qualified Institutional Buyers (QIBs): 50% of the net offer
- Non-Institutional Investors (NIIs): 15%
- Retail Individual Investors (RIIs): 35%
This allocation ensures fair participation across investor categories.
Anchor Investors
The IPO attracted notable anchor investors prior to the public subscription. Some of the well-known people include Shah Rukh Khan, Amitabh Bachchan, Hrithik Roshan’s family, and investor Ashish Kacholia. This has boosted market sentiment and indicates confidence in the company’s growth potential.
Sri Lotus Developers IPO Financial Performance
Shree Lotus Developers reported strong financials for FY24. Revenue stood at ₹569 crores, while net profit stood at ₹227.9 crores. EBITDA margin stood at around 52.6% and PAT margin at over 41%. These figures reflect efficient operations and a strong foothold in the premium real estate market of Mumbai.
Sri Lotus Developers IPO GMP and Market Sentiment
As of July 30, the Grey Market Premium (GMP) was around ₹44, suggesting an expected listing price near ₹194, indicating nearly 29% upside from the upper price band. The Sri Lotus Developers IPO has seen strong subscription demand, particularly from institutional investors.
Sri Lotus Developers IPO Contact Details
Sri Lotus Developers & Realty Ltd.
5th & 6th Floor, Lotus Tower, Jai Hind Society,
J.V.P.D Scheme, N.S. Road No. 12/A, Juhu, Mumbai – 400049, Maharashtra
Phone: +91-7506283400
Email: info@lotusdevelopers.com
Website: www.lotusdevelopers.com
Registrar: KFin Technologies Limited
Email: einward.ris@kfintech.com
Phone: 040-67162222
Conclusion
With strong financials, prestigious projects in Mumbai, high-profile anchor investors, and promising GMP, the Sri Lotus Developers IPO presents a compelling opportunity for both retail and institutional investors. However, investors should also consider the premium valuation and execution risks before investing.
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