Sri Lotus Developers & Realty IPO

About Sri Lotus Developers and Realty IPO

The initial public offering (IPO) of Sri Lotus Developers and Realty Limited consists of an issue of fresh equity shares aggregating up to ₹792 crore. The price band is TBA and the lot size is TBA.

The IPO opening date is July 30, 2025 and the closing date is August 1, 2025. The IPO allotment date is Aug 4, 2025. The tentative listing date is Aug 6, 2025. The credit of shares to the demat account will take place on August 5, 2025. The initiation of refunds will take place on August 5, 2025.

Sri Lotus Developers Realty Limited is a Mumbai-based developer that specialises in building high-end homes and commercial spaces, mainly focusing on rebuilding older properties in the city's western suburbs. With over 24 years of real estate experience, the company focuses on customer satisfaction by designing projects that enhance lifestyles and maximises market appeal.

Objectives of Sri Lotus Developers and Realty IPO

The net proceeds from the issue, after deducting issue expenses applicable to the offer, will be utilised for two key objectives:

• Investment in the company's subsidiaries - Richfeel Real Estate Private Limited, Dhyan Projects Private Limited and Tryksha Real Estate Private Limited - for partially funding the development and construction costs of ongoing real estate projects named Amalfi, The Arcadian and Varun.

• General corporate purposes.

The public listing is expected to enhance the company's visibility, brand image and provide a market for trading of shares to existing shareholders.

Industry Outlook

Key Drivers

Redevelopment Boom: Mumbai’s limited land availability drives demand for redevelopment projects, contributing ~40% of new residential supply in FY24

Affordable Housing: PMAY initiatives boosted demand for mid-segment housing (₹5–15 lakh price range).

Commercial Real Estate: Post-pandemic hybrid work models increased demand for flexible office spaces.

Company Information

Sri Lotus Developers Realty Limited is a Mumbai-based developer that specialises in building high-end homes and commercial spaces, mainly focusing on rebuilding older properties in the city's western suburbs. Led by Promoter Anand Kamalnayan Pandit, with over 24 years of real estate experience, the company focuses on customer satisfaction by designing projects that enhance lifestyles and maximise market appeal. It also makes use of modern technology like 3D modelling and virtual reality to plan and show its projects better, and its work includes starting new projects from scratch, rebuilding existing ones, and partnering with landowners to develop properties.

Strengths of Sri Lotus Developers and Realty IPO

• Strategic and Strong Position in the Luxury Residential Real Estate Market
  
• Asset-Light Operating Model
  
• Timely Project Execution
  
• Strong brand recognition which allows them to sell at a premium pricing
  
• Experienced Promoters and management team
  

Risks of Sri Lotus Developers and Realty IPO

• Regional Concentration Risk
  
• Construction Delay Risk
  
• Inventory Risk
  
• Contractor Risk
  
• Input Cost Risk
  
• Redevelopment Project Risk
  
• Regulatory Compliance Risk
  
• Dependence on third-party contractors
  

Anchor Investor Bidding Date: The anchor investing bidding date is one day prior to the actual opening of the IPO i.e. July 29, 2025.

IPO Registrar and Book Running Lead Manager

Registrar - KFIN Technologies Limited Book Running Lead Managers - Monarch Networth Capital Limited, Motilal Oswal Investment Advisors Limited

Business Model

Sri Lotus Developers and Realty Limited operates primarily in the real estate sector, focusing on redevelopment projects in Mumbai's Western Suburbs. The company’s business model primarily focuses on redevelopment projects. It adopts a customer-focused approach, emphasizing the design and development of projects that attract strong market interest. By leveraging experience and strategic research in areas such as layout planning, floor space index utilization, unit sizing, amenities, and interior design, the company enhances overall customer appeal. Its core strength lies in efficiently managing the entire real estate value chain, with in-house teams overseeing each stage from conceptualization to project completion.

Company Growth Trajectory

Over the last few years, the company's revenue from operations has shown significant growth, increasing from ₹102.58 crores in FY22 to ₹461.58 crores in FY24, and further reaching ₹543.682 crores in FY25. The EBITDA margin has also improved remarkably, rising from 20.63% in FY22 to 34.20% in FY24, and achieving an impressive 52.57% in FY25.

How to Check Allotment Status of Sri Lotus Developers and Realty IPO?

1. Visit the Registrar's Website

Go to the official website of KFin Technologies, the registrar for this IPO. KFin's website has a page for checking IPO allotment status. On this page, enter your Permanent Account Number (PAN), application number, or Demat account ID. Then click the 'Submit' button. Your allotment status will be displayed.

The KFin IPO allotment status page is: https://ris.kfintech.com/ipostatus/

2. Check on the Bombay Stock Exchange Website

The Bombay Stock Exchange (BSE) also has an IPO allotment status page. Go to www.bseindia.com and find the 'Investors' tab. Under 'Investors', click on 'IPO'. This will take you to the IPO allotment status page.

On the BSE IPO page, follow these steps:

• Select 'Equity' from the dropdown menu
  
• Choose 'Sri Lotus Developers and Realty Ltd' in the next dropdown
  
• Enter your application number
  
• Enter your PAN
  
• Click 'Search'
  

Your Sri Lotus IPO allotment status will be displayed.

1. Verify on the National Stock Exchange Website

The National Stock Exchange (NSE) has an IPO Bid Verification module. Use this to check Sri Lotus IPO allotment status.

Go to www.nseindia.com and find the 'Invest' tab. Click on 'Verify IPO Bids' under 'Resources & Tools'.

On the NSE IPO Bid Verification page, enter:

• Application number
  
• PAN
  

Then click 'Submit'. Your Sri Lotus IPO bid and allotment details will be displayed.

How to Apply for Sri Lotus Developers and Realty Ltd IPO?

Here are the steps to apply for Sri Lotus Developers and Realty Ltd IPO:

• Step 1: Log in to your Kotak Securities Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
  
• Step 2: Specify IPO details - Enter the number of lots and the price you wish to apply for.
  
• Step 3: Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
  
• Step 4: Mandate Notification - Your UPI app will receive a mandate notification to block funds.
  
• Step 5: Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.