Sri Lotus Developers IPO Opens Soon: GMP, Price Band, Dates, and Key Details
Sri Lotus Developers Limited, a leading real estate developer, is all set to open its Initial Public Offering (IPO) on Wednesday, July 30, 2025. The company aims to raise a substantial ₹792 crore from the Indian stock markets through this public issue. Sri Lotus Developers is a Mumbai-based firm with a strong focus on both residential and commercial properties, particularly in the ultra-luxury and luxury segments within the city's western suburbs.
According to previous reports, the company has successfully developed a cumulative area of 0.93 million square feet, comprising both residential and commercial properties, as of June 30, 2025. The real estate firm is backed by prominent figures such as Bollywood icons Shah Rukh Khan and Amitabh Bachchan, along with prominent investor Ashish Kacholia.
As of Sunday, July 27, 2025, the grey market premium (GMP) for the Sri Lotus Developers IPO stood at ₹32 per share. With the upper price band for the public issue set at ₹150, the stocks are expected to be listed at ₹182, including a premium of 21.33%, according to Investorgain data. GMP is a measure of an investor's willingness to pay more for a public issue. The GMP has remained flat at its current levels for the last two days, dropping to ₹32 on Friday, July 25, from ₹34 on Thursday.
Sri Lotus Developers IPO is offering an entire book-built issue of fresh equity shares with a face value of ₹1 apiece, totaling ₹792 crore, as per the official draft papers. There is no offer for sale (OFS) component in this public issue. The company plans to use ₹550 crore to fund investments into its subsidiaries, namely Richfeel Real Estate Private Limited, Dhyan Projects Private Limited, and Tryksha Real Estate Private Limited. This will partly finance the development and construction expenses of ongoing projects: Amalfi, The Arcadian, and Varun, respectively.
The IPO is scheduled to open on Wednesday, July 30, 2025, and close on Friday, August 1, 2025. The company has fixed the price band for the IPO in the range of ₹140 to ₹150 per equity share of the face value of Re 1. The IPO is offering investors a lot size of 100 equity shares per lot. Monarch Networth Capital and Motilal Oswal Investment Advisors are the book-running lead managers of the public issue, while Kfin Technologies Ltd is the advisor to the offer.
Sri Lotus Developers' IPO presents a significant opportunity for investors looking to tap into the thriving real estate market in Mumbai, especially in the ultra-luxury and luxury segments. The company's strong track record and backing from prominent investors add to its appeal.
