Amitabh Bachchan and SRK-Backed Sri Lotus Developers Set IPO Price Band at ₹140-150
Mumbai-based real estate developer Sri Lotus Developers has set the price band for its IPO at ₹140-150 per share, aiming to raise ₹792 crore at the upper end of the issue price.
Sri Lotus DevelopersIpoReal EstateLuxury PropertiesMumbaiReal Estate MumbaiJul 24, 2025
As of June 30, 2025, Sri Lotus Developers has completed a developable area of 0.93 million square feet, comprising both residential and commercial properties. The company has successfully completed four projects, with five currently ongoing and another eleven in the pipeline. Sri Lotus Developers focuses primarily on ultra-luxury and luxury residential properties, offering 2BHK and 3BHK flats priced between ₹3 crore and ₹7 crore. This strategic focus on high-end properties has helped the company establish a strong foothold in the market.
On the financial front, the company has shown impressive growth. Revenue from operations increased by 176.61% from ₹166.87 crore in fiscal 2023 to ₹461.57 crore in fiscal 2024. Profit after tax surged by 635.57% to ₹119.81 crore from ₹16.29 crore in the previous fiscal. For the six months ended September 30, 2024, revenue from operations stood at ₹243.42 crore, and profit was at ₹90.63 crore. These figures underscore the company's robust financial health and growth potential.
The IPO is being managed by Monarch Networth Capital Limited and Motilal Oswal Investment Advisors Limited, who are the book-running lead managers. KFin Technologies Limited is the registrar of the issue. This team of experienced financial advisors will ensure a smooth and successful IPO process, further bolstering the company's position in the market.
Sri Lotus Developers' decision to go public comes at a time when the real estate sector is witnessing a resurgence, driven by a combination of favorable government policies, economic stability, and increasing demand for high-quality residential and commercial properties. The company's strong track record, strategic focus on luxury segments, and the backing of prominent Bollywood personalities are expected to attract significant investor interest.
In conclusion, the IPO of Sri Lotus Developers represents a promising opportunity for investors looking to tap into the growing luxury real estate market in India. With a strong financial performance and a robust project pipeline, the company is well-positioned to deliver value to its shareholders and continue its upward trajectory in the coming years.
Frequently Asked Questions
What is the price band set by Sri Lotus Developers for its IPO?
Sri Lotus Developers has set the price band for its IPO at ₹140-150 per share.
How much does Sri Lotus Developers aim to raise through its IPO?
The company aims to raise ₹792 crore at the upper end of the issue price.
What type of properties does Sri Lotus Developers focus on?
Sri Lotus Developers primarily focuses on ultra-luxury and luxury residential properties, offering 2BHK and 3BHK flats priced between ₹3 crore and ₹7 crore.
What was the revenue growth of Sri Lotus Developers from fiscal 2023 to fiscal 2024?
The company's revenue from operations increased by 176.61% from ₹166.87 crore in fiscal 2023 to ₹461.57 crore in fiscal 2024.
Who are the book-running lead managers for the Sri Lotus Developers IPO?
The book-running lead managers for the IPO are Monarch Networth Capital Limited and Motilal Oswal Investment Advisors Limited.
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