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Sri Lotus Developers Sets IPO Price Band at Rs 140–150

2025-07-25

Sri Lotus Developers and Realty has fixed the price band of Rs 140 to Rs 150 per equity share (face value Rs 1 each) for its upcoming Initial Public Offering (IPO), which opens on Wednesday, July 30, 2025, and closes on Friday, August 1, 2025.

The IPO comprises a fresh issue of shares aggregating up to Rs 7.92 billion, with no offer-for-sale component. Investors can bid for a minimum of 100 equity shares and in multiples of 100 thereafter. Eligible employees bidding under the reserved portion will receive a discount of Rs 14 per share.

Headquartered in Mumbai, the company operates under the “Lotus Developers” brand, focusing on redevelopment projects in the ultra-luxury and luxury residential segments, primarily across the western suburbs. Project categories include greenfield, redevelopment, and joint development ventures.

As of June 30, 2025, the company had completed 0.93 million sq. ft. of developable area and had a portfolio of 4 completed, 5 ongoing, and 11 upcoming projects. Expansion is underway into micro-markets such as Nepean Sea Road, Prabhadevi, and Ghatkopar.

Financial Performance:

Revenue from operations rose 19.09 per cent to Rs 5.49 billion in FY25 (from Rs 4.61 billion in FY24)
Profit after tax grew 90.21 per cent to Rs 2.27 billion in FY25 (from Rs 1.19 billion crore in FY24)

Issue Allocation: