Sri Lotus Developers IPO Sees Robust Day 1 Subscription – A Look at the Company's Growth
Sri Lotus Developers and Realty Ltd's IPO opened on July 30, 2025, and saw a robust 3.25x overall subscription. The company, known for its luxury real estate projects in Mumbai, is poised for significant growth.
Sri Lotus DevelopersIpoReal EstateLuxury ProjectsMumbaiReal Estate MumbaiJul 30, 2025
The IPO, which is entirely a fresh issue of 5.28 crore equity shares, is being offered at a price band of Rs 140–Rs 150 per share. Investors can bid in lots of 100 shares, requiring a minimum investment of Rs 14,000 for retail applicants. Employees are eligible for a Rs 14 per share discount on the issue price. The public issue will close on August 1, 2025.
Allotment is expected to be finalised by August 4, with tentative listing on both BSE and NSE scheduled for August 6. Motilal Oswal Investment Advisors Limited is the book-running lead manager to the issue, while Kfin Technologies Limited is acting as the registrar.
Sri Lotus Developers and Realty Ltd, founded in February 2015, is a Mumbai-based real estate company known for its focus on luxury and ultra-luxury redevelopment projects across the city’s western suburbs. The company mainly works on premium residential spaces—think 2BHK and 3BHK flats priced between Rs 3 crore to Rs 7 crore, and larger 3BHK, 4BHK, or even penthouses that go beyond Rs 7 crore. Alongside residential spaces, it also develops high-end commercial office properties.
As of June 30, 2025, Sri Lotus has a total developable area of around 0.93 million sq. ft. and is actively working on multiple projects. It has already delivered four completed projects, is currently developing five more, and has eleven new ones lined up—signalling strong momentum in Mumbai’s high-end property market.
The robust subscription on Day 1 of the IPO is a testament to the company's strong market position and growth potential. With a focus on premium and luxury projects, Sri Lotus Developers is well-positioned to capitalize on the increasing demand for high-end real estate in Mumbai. The company's strategic approach and well-executed projects have earned it a reputation for delivering quality and value to its investors and customers.
Frequently Asked Questions
What is the total size of Sri Lotus Developers' IPO?
The total size of Sri Lotus Developers' IPO is Rs 792 crore.
What is the price band for the IPO?
The price band for the IPO is Rs 140–Rs 150 per share.
How many shares are being offered in the IPO?
The IPO is offering a total of 5.28 crore equity shares.
What is the minimum investment required for retail applicants?
The minimum investment required for retail applicants is Rs 14,000.
When will the IPO close?
The IPO will close on August 1, 2025.
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