Sri Lotus Developers & Realty Subscription
Last updated on 01-Aug-2025 18:39:05
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 10533334 | 1849737200 | 175.61 |
| HNIs | 7900000 | 488488300 | 61.83 |
| HNIs 10+ | 5266667 | 311407400 | 59.13 |
| HNIs 2+ | 2633333 | 177080900 | 67.25 |
| Retail | 18433333 | 400495100 | 21.73 |
| Employees | 147059 | 3148800 | 21.41 |
| Total | 37013726 | 2741869400 | 74.08 |
Application-Wise Breakup (Approx. no. of Apps) | |||
|---|---|---|---|
| Category | Reserved | Applied | Times |
| HNIs (10L+) | 3762 | 43051 | 11.44 |
| HNIs (2-10L) | 1881 | 121010 | 64.33 |
| Retail | 184333 | 3293843 | 17.87 |
| Employee | - | 22554 | - |
| Total Applications: 3480458 | |||
| © IPO Premium | |||
| Subscription Demand (in ₹ crore) | |||
|---|---|---|---|
| Category | Offered | Demand | Times |
| QIBs | 158 | 27746.06 | 175.61 |
| FIIs | - | 8293.6 | - |
| DIIs | - | 14116.49 | - |
| Mutual funds | - | 1045.55 | - |
| Others | - | 4290.43 | - |
| HNIs | 118.5 | 7327.32 | 61.83 |
| HNIs 10+ | 79 | 4671.11 | 59.13 |
| HNIs 2+ | 39.5 | 2656.21 | 67.25 |
| Retail | 276.5 | 6007.43 | 21.73 |
| Employees | 2.21 | 47.23 | 21.41 |
| Total | 555.21 | 41128.04 | 74.08 |
| QIB Interest Cost per share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹35.4 | @8% ₹40.4 | @9% ₹45.5 | @10% ₹50.5 | @11% ₹55.6 | @12% ₹60.6 |
Sri Lotus Developers & Realty About
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 100 | 15000 | 184333 |
| sHNI | 14 | 1400 | 210000 | 1881 |
| bHNI | 67 | 6700 | 1005000 | 3762 |
IPO Details
| Total Issue Size | 52,800,000 shares (aggregating up to 792 Cr) |
| Fresh Issue | 52,800,000 shares (aggregating up to 792 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 43,59,09,986 shares |
| Share Holding Post Issue | 48,87,09,986 shares |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Offer |
| NII Shares Offered | Not less than 15% of the Net Isssue |
Key Performance Indicator (KPI)
| KPI | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE | 24.39% | 70.68% | 34.41% |
| ROCE | 27.22% | 26.28% | 5.29% |
| EPS (basic) | 5.51 | 3.00 | 0.42 |
| RONW | 24.39% | 70.68% | 34.41% |
| P/E Pre IPO | 28.69 | ||
| P/E Post IPO | 32.17 |
Company Financial In Crore
| Period Ended | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| Assets | 1,218.60 | 736.81 | 486.23 |
| Revenue | 569.27 | 466.19 | 169.95 |
| Profit After Tax | 227.88 | 119.81 | 16.29 |
| Net Worth | 932.43 | 169.56 | 48.36 |
| Total Borrowing | 122.12 | 428.24 | 328.93 |
About Company
Established in February 2015, Sri Lotus Developers and Realty Limited is engaged in the development of residential and commercial properties, with a primary presence in Mumbai, Maharashtra. The company focuses on redevelopment projects in the ultra-luxury and luxury segments, specifically in the western suburbs of Mumbai.
Project Scale
As of November 30, 2024, the company holds a total developable area of 0.68 million square feet, covering both residential and commercial developments.
Development Focus Areas
Luxury Residential Segment
2 BHK and 3 BHK flats priced between ₹3 crores to ₹7 crores.
3 BHK, 4 BHK, and larger penthouses (4+ BHK) priced above ₹7 crores, included under this category.
Commercial Segment
Development of commercial office spaces aimed at high-end business needs.
Project Status
Completed Projects: 4
Ongoing Projects: 5
Upcoming Projects: 11
Strength
Strong Presence in Mumbai's Premium Real Estate Market: The company strategically operates in the ultra-luxury and luxury residential segments of Mumbai’s western suburbs—one of India's most expensive and high-demand real estate regions, ensuring strong market relevance and demand.
Premium Brand with Consistent Demand: Operating under the "Lotus Developers" brand, the company enjoys high brand recognition backed by quality construction, timely delivery, and customer satisfaction, enabling it to sell units at premium pricing even during construction phases.
Asset-Light Development Model: By focusing on redevelopment and joint development agreements, the company avoids heavy upfront land costs, maintains strong cash flows, and gains flexibility to expand into new micro-markets across Mumbai.
Weakness
Delay or Inability to Complete Projects: The company’s ongoing and upcoming projects may face delays or remain incomplete due to land title issues, regulatory hurdles, financing challenges, or occupant clearance—potentially impacting overall business performance.
High Inventory of Unsold Units: As of November 30, 2024, the company holds 283 unsold units across completed and ongoing projects. Delays in selling this inventory could affect cash flow, profitability, and financial stability.
Complete Dependence on Third-Party Contractors: All construction and development work is outsourced to third-party contractors and specialist agencies. Any non-performance or delays by these partners may disrupt project timelines and negatively affect operations.
Sri Lotus Developers & Realty Lead Manager(s)
Sri Lotus Developers & Realty Address
5th & 6th Floor, Lotus Towe
1 Jai Hind Society, N S Road No. 12/A,
JVPD Scheme, Juhu,
Mumbai, Maharashtra, 400049
Phone: +91 7506283400
Email: investors@lotusdevelopers.com
Website: https://www.lotusdevelopers.com/