Sri Lotus Developers and Realty IPO
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Schedule of Sri Lotus Developers and Realty
| Issue open date | 30 Jul 2025 |
| Issue close date | 01 Aug 2025 |
| UPI mandate deadline | 01 Aug 2025 (5 PM) |
| Allotment finalization | 04 Aug 2025 |
| Refund initiation | 05 Aug 2025 |
| Share credit | 05 Aug 2025 |
| Listing date | 06 Aug 2025 |
| Mandate end date | 18 Aug 2025 |
| Lock-in end date for anchor investors (50%) | 01 Sep 2025 |
| Lock-in end date for anchor investors (remaining) | 02 Nov 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Sri Lotus Developers and Realty
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.
Financials of Sri Lotus Developers and Realty
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.