| Price | Lot Size | Issue Date | Issue Size |
|---|---|---|---|
| ₹ 140 to ₹ 150 | 100 | 30th Jul, 2025 – 1st Jul, 2025 | ₹792.00 Cr |
Sri Lotus Developers & Realty Ltd
Incorporated in February 2015, Sri Lotus Developers & Realty Ltd. is a developer of residential and commercial properties located in Mumbai, Maharashtra, specializing in redevelopment projects within the ultra-luxury and luxury segments of the western suburbs. Since its inception, the company has prioritised customer-centric development, emphasizing lifestyle enhancement and high-quality design. The company’s operations are strategically located in Mumbai, one of India’s largest real estate markets. The company believes that its growth can be attributed to its promoter, the company’s understanding of the real estate market, execution capabilities, sales ability and the “Lotus Developers” brand. The projects developed by the company are categorised into three types: Greenfield projects, redevelopment projects, and joint development projects. As of June 2025, Lotus has completed four projects, five ongoing projects and 11 upcoming projects across residential and commercial segments, totalling an estimated 6.71 million sq. ft. of developable area. It seeks to enhance the value of projects by creating a better living environment through the provision of comprehensive community facilities and by engaging experts in various specialized fields. According to the Anarock Report, The Lotus Developers commands a premium of approximately 22% on its quoted prices compared to the average quoted prices in the Juhu market. The probable factors contributing to this premium include good brand recall, high construction quality, timely execution, and customer satisfaction. Historically, the company has focused on the western suburbs of Mumbai. Going forward, the company plans to expand into other micro-markets in southern and central regions of Mumbai such as Nepean Sea Road and Prabhadevi, and eastern suburbs of Mumbai such as Ghatkopar.
Objective of the Sri Lotus Developers & Realty Ltd IPO
The company proposes to utilise the net proceeds from the issue towards the following objects:
- Investment in subsidiaries, Richfeel Real Estate Pvt. Ltd., Dhyan Projects Pvt. Ltd., and Tryksha Real Estate Pvt. Ltd., for part-funding the development and construction costs of their ongoing projects, Amalfi, The Arcadian, and Varun, respectively;
- General corporate purposes.
Rationale To Sri Lotus Developers & Realty Ltd IPO
Strategic position in the ultra-luxury and luxury segments of the Mumbai residential real estate market, with a customer-centric focus and strong pipeline of projects
The majority of the company’s completed, ongoing, and upcoming projects are located in Mumbai and fall under the ultra-luxury and luxury segments. There has been a significant demand growth in the luxury housing market, particularly in the over Rs. 2.5 crores segment and in the Rs. 1.5-2.5 crores segment between 2021 and Q1 2025, indicating a growing interest in high-end properties, possibly due to increased affluence or demand for premium living spaces. Mumbai’s position as the commercial capital of India, combined with its demographics of a high-income customer base and an expanding segment of young professionals, provides a substantial market for the company’s projects in the western suburbs of Mumbai. Their project design is backed by strategic market research focusing on customer preferences such as layout planning, floor space index utilization, unit size, amenities and interior design. According to the Anarock Report, The Lotus Developers commands a premium of approximately 22% on its quoted prices compared to the average quoted prices in the Juhu market, due to strong brand recall, high construction quality, timely execution, and customer satisfaction, supported by the limited new supply and high demand. Further, the company’s recent average transacted value of Rs. 61,304 per sq. ft. on carpet area reflects a premium of approximately 10% over the average quoted market price in Juhu. As of June 30, 2025, the company has five ongoing projects with an aggregate estimated developable area of 0.80 million sq. ft. and estimated saleable RERA carpet area of 0.30 million sq. ft. In addition, the company has 11 upcoming projects with an aggregate estimated developable area of 4.98 million sq. ft. With high entry barriers in Mumbai’s western suburbs, primarily due to the limited availability of land and stringent regulatory approvals for project developments, the company is well-positioned to capitalise on the growing demand for real estate projects in the ultra-luxury and luxury segments of Mumbai’s western suburbs.
Strong brand recognition along with ability to sell at a premium price allows the company to sell throughout the construction phase
The company’s projects are executed under the “Lotus Developers” brand. The company’s established presence in the western suburbs of Mumbai leads to brand recognition, particularly in the ultra-luxury and luxury segments. The company has leveraged its established brand and high-quality product offerings to sell units within its projects relatively early in the project development period, including through pre-sales after obtaining RERA approvals. This pre-sales helps the company to generate early cash flow, reducing the requirement for debt, thereby ensuring a higher return on investment. For example, projects like Ananya, Signature, Ayana, and Arc One sold between 26-36% of their saleable area within one year of launch, and up to 87% before occupancy certificate (OC) issuance in some cases. Lotus also commands a 22% price premium over the Juhu market average (Anarock Report), supported by significant value appreciation across its projects – Signature appreciated by 232%, Ayana by 84%, Arc One by 58%, and Ananya by 24%. This combination of strong brand equity, premium pricing, and early sales performance positions Lotus Developers for sustained growth in Mumbai’s high-end real estate sector.
Valuation of Sri Lotus Developers & Realty Ltd IPO
India’s real estate industry is a major driver for economic growth and is expected to expand rapidly due to urbanization, infrastructure investments, digital innovation, and a tide of redevelopment projects, especially in metro cities like Mumbai. Sri Lotus Developers & Realty Ltd. has emerged as a prominent player in Mumbai’s ultra-luxury and luxury residential segments, specialising in the redevelopment of properties in the western suburbs. The company is well-positioned to capitalise on the growing trends in the Indian real estate industry. With its strong brand recall value, the company demands premium value for its properties. As of June 2025, Lotus has completed four projects, encompassing a developable area of 0.93 million sq. ft. across residential and commercial developments. The company has maintained a robust project pipeline, comprising five ongoing projects and 11 upcoming projects, which expands its presence beyond the western region into other micro-markets in the southern and central areas in Mumbai, such as Nepean Sea Road and Prabhadevi, as well as the eastern suburbs of Mumbai including Ghatkopar. Furthermore, the company’s asset-light model has resulted in a strong balance sheet and a net debt-free status. Financially, the company has demonstrated impressive growth across all fronts, with a revenue CAGR of 81.5% from FY23 to FY25, with revenue standing at Rs. 5,497 million, while the sales value grew from Rs. 1,987.8 million in FY23 to Rs. 4,629.3 million in FY25. The EBITDA grew at a CAGR of 267.8% from FY23 to FY25 to Rs. 2,890 million, with an EBITDA margin of 52.6%. The PAT grew from Rs. 168 million in FY23 to Rs. 2,279 million in FY25. The company is currently valued at an EV/EBITDA ratio of 25.4x on the upper price band, based on FY25 earnings, which is comparatively less than its peers. Given its proven track record of timely project completion, high brand recall value, premium pricing power, healthy project pipeline, ability to sell throughout the construction phase and strong financial performance, we recommend a “SUBSCRIBE” rating for this issue from a long-term perspective.
What is the Sri Lotus Developers & Realty Ltd Engineering Limited IPO?
The initial public offer (IPO) of Sri Lotus Developers & Realty Limited offers an early investment opportunity in Sri Lotus Developers & Realty Ltd . A stock market investor can buy Sri Lotus Developers & Realty Ltd IPO shares by applying in IPO before Sri Lotus Developers & Realty Ltd shares get listed at the stock exchanges. An investor could invest in Sri Lotus Developers & Realty Ltd IPO for short term listing gain or a long term.
How to apply for the Sri Lotus Developers & Realty Ltd IPO through StoxBox?
To apply for the Sri Lotus Developers & Realty Ltd IPO through StoxBox one can apply from the website and also from the app. Click here
When will the Sri Lotus Developers & Realty Ltd IPO open?
Sri Lotus Developers & Realty Ltd IPO is opening on 30th Jul 2025. Apply Now
What is the lot size of the Sri Lotus Developers & Realty Ltd IPO?
The Lot Size of Sri Lotus Developers & Realty Limited IPO is 100 equity shares. Login to your account now.
When is the Sri Lotus Developers & Realty Ltd allotment date?
The allotment Date for Sri Lotus Developers & Realty Ltd IPO is 4th Aug 2025. Login to your account now.
When is the Sri Lotus Developers & Realty Ltd IPO listing date?
The listing Date for Sri Lotus Developers & Realty Ltd IPO is 6th Aug 2025. Login to your account now
What is the minimum investment required for the Sri Lotus Developers & Realty Ltd IPO?
In the Retail segment the minimum investment required is Rs. 15,000. Login to your account now
What is the maximum investment allowed for the Sri Lotus Developers & Realty Limited IPO?
In the Retail segment the maximum investment requirement is Rs. 1,90,190. Login to your account now
What are the risks associated with investing in the M&B Engineering Ltd IPO?
- The company’s business is dependent on, and will continue to depend on, its manufacturing facilities, and is subject to certain risks in the manufacturing process due to the use of heavy machinery. Any slowdown or shutdown in manufacturing operations or strikes or work stoppages could adversely affect its business, cash flows, financial condition and results of operations.
- The company’s raw material cost constitutes a major portion of its total expenses. Any increase in the prices, availability and quality of raw materials could adversely affect its reputation, business, results of operations, financial conditions and cash flows.
- The company’s business is dependent on its design and engineering teams to accurately carryout the pre-approval engineering studies for potential orders. Inability of the design and engineering teams to accurately estimate project costs or execute orders could adversely impact its business, results of operations, financial condition and cash flows.
When will the Sri Lotus Developers & Realty Ltd IPO shares be credited to my Demat account?
The Sri Lotus Developers & Realty Limited. IPO be credited to the account on allotment date which is 5th Aug 2025. Login to your account now
Where can I find the Sri Lotus Developers & Realty Limited IPO prospectus?
The prospectus of Sri Lotus Developers & Realty Limited IPO prospectus can be find on the website of SEBI, NSE and BSE
