Sri Lotus Developers & Realty IPO

About the company

Incorporated in 2015, Sri Lotus Developers and Realty Limited is a developer of residential and commercial premises in Mumbai, Maharashtra, with a strategic focus on redevelopment projects in the ultra-luxury and luxury segments within the western suburbs. As of June 30, 2025, the company has completed a developable area of 0.93 Mn sqft consisting of both residential and commercial properties. The company operates through 3 distinct project categories: Greenfield Projects on undeveloped land parcels acquired by the company, Redevelopment Projects reconstructed through development agreements with housing societies or commercial unit holders, and Joint Development Projects where the company enters agreements with landholders for shared development and revenue. The company targets the higher-income housing market with ultra-luxury and luxury homes featuring premium designs and amenities. The company operates in 3 segments: the Luxury Residential Segment with 2BHK and 3BHK flats priced between ₹3-7 crores, the Ultra Luxury Residential Segment with 3BHK, 4BHK, and 4+ BHK flats and penthouses priced above ₹7 crores, and the Commercial Segment for office developments. In FY25, the company generated 80.73% of its revenue from the commercial segment, while luxury and ultra-luxury residential segments contributed 6.38% and 7.25%, respectively. Greenfield projects accounted for 61.92% of total revenue, driven primarily by the Signature project, which alone contributed ₹3,403.37 Mn. As of June 30, 2025, the company maintains a strong pipeline with 4 completed projects, 5 ongoing projects, and 11 upcoming projects. The completed projects comprise 2 residential projects with 248,042 sq. ft. of developable area and 2 commercial projects with 683,406 sq. ft. of developable area. The ongoing projects include 5 residential developments with an estimated 797,292 sq ft of developable area, while upcoming projects span 8 residential and 3 commercial developments with an estimated total developable area of 4,978,379 sq ft. India's real estate sector has grown from $50 Bn in 2008 to $180 Bn in 2020 and is projected to reach $1,000 Bn by 2030 and $5,800 Bn by 2047. By 2025, it is estimated to contribute 13% to the GDP. Urban population is expected to reach 50% of India’s total by 2046, with a significant rise in demand for urban housing, especially in Tier 1 cities. India is entering a demographic dividend phase, with over 64% of the population in the working-age group, projected to peak at 65% by 2036. Simultaneously, household sizes are shrinking, increasing demand for more housing units. MMR continues to lead the country in terms of supply (31–35%), absorption (32–34%), and capital value appreciation (>50% from 2021 to Q1 2025). Major infrastructure projects like the Mumbai Metro expansions, Atal Setu, Coastal Road, and the Navi Mumbai International Airport are improving connectivity to extended suburbs and increasing real estate potential in peripheral areas. The company’s Greenfield projects, especially in emerging nodes around Navi Mumbai, are likely to gain from this infra-led development. Now, Sri Lotus Developers and Realty Limited is launching its initial public offering (IPO), which consists of a fresh issue worth up to ₹792.00 crore. The total issue size of the IPO is ₹792.00 crore. Its shares will be listed on the NSE and BSE.

Financial performance (₹ Cr)

Subscription breakup (final, times)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   30 Jul 2025

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   01 Aug 2025

   Last day to place your bid

3. Basis of Allotment

   Completed
   04 Aug 2025

   Share allotment finalised

4. Refund Initiation

   Completed
   05 Aug 2025

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   05 Aug 2025

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   06 Aug 2025

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.