Brokers usually take bids until: Zerodha 4:45 PM, Groww 4:50 PM, Angel One and Upstox 5:00 PM (HNI 4:00 PM). Check the exact time with your broker or bank.
Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Investment in subsidiaries for project funding
Investment in subsidiaries Richfeel Real Estate, Dhyan Projects and Tryksha Real Estate to part-fund development and construction costs of the ongoing Amalfi, The Arcadian and Varun projects.
General corporate purposes
Balance net proceeds for general corporate purposes.
(₹ in Crore)
Tap a bar to highlight a metric across periods and show its values.
Sri Lotus Developers and Realty Limited is a Mumbai-based real estate developer incorporated in 2015, focused on redevelopment projects in the ultra-luxury and luxury housing segments of the city's western suburbs. Its residential portfolio spans large-format 2BHK to 4BHK-plus apartments typically priced from about Rs 3 crore upward, alongside select commercial office developments. As of mid-2025 the company had a track record spanning several completed projects and a larger pipeline of ongoing and upcoming developments, giving it a leading position among redevelopment-focused builders catering to premium buyers in Mumbai's western suburbs. The company follows an asset-light, low-leverage model, relying on redevelopment arrangements rather than large outright land acquisitions to build its project pipeline. Revenue and profit grew sharply between FY23 and FY25 as more projects reached revenue-recognition milestones, and the company has funded part of its ongoing project pipeline, including its Amalfi, The Arcadian and Varun developments, through a mix of internal accruals and this fresh capital raise. Its business remains tied to the strength of Mumbai's premium residential and commercial property market.
Sri Lotus Developers raised about Rs 237 crore from anchor investors at the IPO cap price of Rs 150 per share, roughly 30 percent of the total issue. The anchor book included investors such as Societe Generale, Samsung, Citigroup Global, Nomura Singapore, Tata Mutual Fund, Mahindra Manulife Mutual Fund, Nippon India, Nuvama and HSBC.
Source: RHP • Analysis provided for informational purposes
Last Updated: 13 July 2026, 5:30 AM
Leading position in a premium niche
The company holds a leading position among redevelopment-focused builders in the ultra-luxury and luxury segment of Mumbai's western suburbs.
Asset-light, low-leverage model
It grows its project pipeline mainly through redevelopment arrangements rather than large land purchases, keeping debt levels comparatively low.
Strong recent growth
Revenue and profit have grown sharply since FY24 as more projects reached revenue-recognition stages.
Experienced promoter-led management
The founding family has a long track record in Mumbai real estate and has consistently delivered projects on schedule.
Premium market positioning
Its focus on high-ticket luxury and ultra-luxury units commands stronger margins than mass-market residential developers.
Rich valuation versus peers
The issue is priced at a meaningfully higher price-to-book multiple than most listed real estate peers, leaving less room for error.
Geographic concentration
The business is concentrated in Mumbai's western suburbs, so a local demand or regulatory slowdown would disproportionately affect results.
Execution and approval risk
Redevelopment projects depend on society approvals and regulatory clearances that can delay project timelines and cash flows.
Sri Lotus Developers and Realty Limited
5th & 6th Floor, Lotus Tower, 1 Jai Hind Society, N S Road No. 12/A, JVPD Scheme, Juhu, Mumbai 400049, Maharashtra, India
View on Maps →No financial information whatsoever published anywhere, within this website, should be considered as an advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this website. The information on this website is based on information available as on date coupled with market perceptions.
You agree with the terms and conditions to use this website.
Grey-market disclaimer. GMP shown here is grey-market news only. We do not trade or deal in the grey market or subject-to rates, nor do we recommend trading in the grey market.
Not investment advice. IPO Nex is an information tool, not investment advice. We do not recommend buying or selling any securities. Always do your own research before applying to any IPO.
IPO Nex does not guarantee any listing gain or return. IPO investments are subject to market risks.
All times are IST.
© 2026 IPO Nex by Niota. All rights reserved.
Revenue recognition volatility
Real estate revenue recognition is lumpy and tied to project completion milestones, which can make year-to-year results uneven.
Cyclical property market exposure
Demand for luxury housing is sensitive to broader economic conditions and interest rate cycles.