Sri Lotus Developers and Realty, founded in 2015, is a real estate developer based in Mumbai, specialising in ultra-luxury and luxury residential properties and commercial developments. The company operates primarily in the western suburbs, focusing on redevelopment projects. As of November 30, 2024, Sri Lotus Developers has a developable area of 0.68 million square feet, with a portfolio that includes completed, ongoing, and upcoming residential and commercial projects. The company aims to deliver quality real estate through a customer-focused approach and efficient project management.
IPO schedule
Issue open date
2025-07-30
Issue close date
2025-08-01
UPI mandate deadline
2025-08-01 (5 PM)
Allotment finalization
2025-08-04
Refund initiation
2025-08-05
Share credit
2025-08-05
Listing date
2025-08-06
Mandate end date
2025-08-18
Lock-in end date for anchor investors (50%)
2025-09-01
Lock-in end date for anchor investors (remaining)
2025-11-02
Financials
Financial Year Ended
March 2023
March 2024
March 2025
Total Assets
486.23
736.81
1018.60
Revenue
169.95
466.19
569.28
Profit After Tax
16.29
119.81
227.89
Issue size
Funds Raised in the IPO
Amount
Overall
₹792 crores
Fresh Issue
₹792 crores
Utilisation of proceeds
Purpose
INR crores (%)
Investment in subsidiaries
550 (75.4%%)
General corporate purposes
Strengths
Focused on Ultra Luxury and Luxury markets in Mumbai’s Western Suburbs.
Recognised brand with premium pricing and sales throughout construction.
Asset-light model through development agreements, ensuring strong cash flow.
End-to-end project capabilities and timely completion.
Experienced Promoters and management team.
Risks
Statutory and regulatory approvals or permits may not be obtained or renewed, affecting project development.
Reliance on luxury and ultra-luxury residential development, dependent on high-net-worth individuals’ demands.
Delays or issues with ongoing and upcoming projects may affect business and results.
Credit and performance risks from third-party contractors and specialists may impact operations.
Potential loss of land acquisition agreements or advances due to invalid or expired contracts.