The Sri Lotus Developers & Realty Limited (SLDRL) IPO is one of the most anticipated public offerings of 2025, targeting ₹792 Cr through a fresh issue of 5.28 crore shares. Specializing in ultra-luxury and luxury real estate in Mumbai’s western suburbs, SLDRL combines high-growth potential with premium branding. This definitive guide covers everything investors need: Live GMP updates, financials, timelines, risks, and a data-driven recommendation. Updated for accuracy as of July 2025.
Sri Lotus Developers IPO: Key Details
Critical information at a glance:
| Parameter | Details |
|---|---|
| IPO Opening Date | July 30, 2025 |
| IPO Closing Date | August 1, 2025 |
| Price Band | ₹140 – ₹150 per share |
| Face Value | ₹1 per share |
| Lot Size | 100 Shares |
| Minimum Investment | ₹14,000 (Retail) |
| Total Issue Size | 5.28 Cr shares (Aggregating ₹792 Cr) |
| Issue Type | 100% Fresh Issue |
| Listing Exchanges | BSE, NSE |
| Employee Discount | ₹14 per share (on applications ≤ ₹2 Lakhs) |
Live Grey Market Premium (GMP) Today
Updated: July 2025
- Current GMP: ₹32 – ₹35
- Indicative Listing Price: ₹205 – ₹208 (21-25% premium)
- GMP Trend (Last 7 Days):
- Steady rise from ₹15 (July 1) to ₹35 (July 27)
- Drivers: Strong institutional interest, positive sector outlook, and pre-IPO placements.
Note: GMP fluctuates daily. Check our IPO GMP Tracker for real-time updates.
About Sri Lotus Developers & Realty Ltd.
Business Model: Focuses on redevelopment projects in Mumbai’s western suburbs (Juhu, Bandra, Andheri). Segments:
- Ultra-Luxury Residential: Penthouses (>₹7 Cr)
- Luxury Residential: 2-4 BHK (₹3-7 Cr)
- Commercial: Office spaces.
Project Pipeline (As of June 2025):
- Completed: 4 Projects
- Ongoing: 5 Projects (Amalfi, The Arcadian, Varun)
- Upcoming: 11 Projects
- Developable Area: 0.93 Mn sq. ft.
Competitive Strengths:
- Dominance in Mumbai’s premium real estate.
- Asset-light model via development agreements.
- High brand recall (Bollywood clientele).
- Timely project delivery.
Financial Performance (Restated Consolidated)
Year-over-Year Growth Highlights (₹ Crore):
| Financials | FY 2025 | FY 2024 | FY 2023 | CAGR (3-Yr) |
|---|---|---|---|---|
| Revenue | 569.28 | 466.19 | 169.95 | 82.5% |
| Profit After Tax | 227.89 | 119.14 | 16.80 | 265.8% |
| EBITDA | 288.97 | 158.55 | 20.84 | 273.4% |
| Total Assets | 1,218.60 | 736.81 | 486.23 | 58.3% |
| Net Worth | 932.44 | 169.56 | 48.36 | 336.7% |
| Total Borrowings | 122.13 | 428.24 | 328.93 | -40.5% |
Key Takeaways:
- Revenue ↑22% (FY25 vs. FY24), PAT ↑91%.
- Debt reduced by 71% in FY25 (Debt/Equity: 0.13).
- Strong cash flow from operations (₹412 Cr in FY25).
IPO Lot Size & Application Details
| Investor Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 100 | 14,000 – 15,000 |
| Retail (Max) | 13 | 1,300 | 1,82,000 – 1,95,000 |
| sNII (Min) | 14 | 1,400 | 1,96,000 – 2,10,000 |
| bNII (Min) | 67 | 6,700 | 9,38,000 – 10,05,000 |
How to Apply:
- ASBA/UPI: Via net banking or broker platforms (e.g., Zerodha, Upstox).
- Cut-off Time: UPI mandate confirmation by 5 PM on August 1, 2025.
Reservation Quota
| Investor Category | Reservation (% of Net Issue) |
|---|---|
| QIB | ≤ 50.00% |
| Retail | ≥ 35.00% |
| NII | ≥ 15.00% |
| Employees | Up to ₹5 Lakhs (with discount) |
Promoter Holding & Dilution
- Promoters: Anand Kamalnayan Pandit, Roopa Anand Pandit, Ashka Anand Pandit.
- Pre-IPO Holding: 91.78% (43.59 Cr shares)
- Post-IPO Holding: 81.86% (48.87 Cr shares)
- Dilution: 9.92% (Due to fresh issue).
IPO Timeline (Tentative)
| Event | Date |
|---|---|
| IPO Opens | July 30, 2025 (Wed) |
| IPO Closes | August 1, 2025 (Fri) |
| Allotment Finalization | August 4, 2025 (Mon) |
| Refund Initiation | August 5, 2025 (Tue) |
| Demat Credit | August 5, 2025 (Tue) |
| Listing Date | August 6, 2025 (Wed) |
Key Performance Indicators (KPIs)
| Metric | Value (FY25) | Industry Avg. |
|---|---|---|
| ROE | 24.39% | 18.2% |
| ROCE | 27.22% | 15.8% |
| RONW | 24.39% | 17.5% |
| PAT Margin | 41.46% | 25.3% |
| EBITDA Margin | 52.57% | 32.1% |
| EPS (Pre-IPO) | ₹5.23 | – |
| P/E (Post-IPO) | 32.17x | 28.4x |
| Book Value/Share | ₹21.36 | – |
Analysis: Premium valuations justified by high margins and ROE. Peer Comparison: DLF (P/E 28x), Oberoi Realty (P/E 34x).
Anchor Investors
Details to be updated post-allotment.
- Portion: Up to 60% of QIB quota.
- Notable Participants (Pre-IPO): Bollywood entities, Ashish Kacholia.
Company Contact Details
Sri Lotus Developers & Realty Ltd.
5th & 6th Floor, Lotus Tower
1 Jai Hind Society, N S Road No. 12/A,
JVPD Scheme, Juhu, Mumbai – 400049
Phone: +91 7506283400
Email: investors@lotusdevelopers.com
Website: www.lotusdevelopers.com
IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: srilotus.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
IPO Recommendation: Subscribe for Long Term
Pros:
- Leadership in Mumbai’s luxury segment.
- Debt reduction (71% YoY) strengthens balance sheet.
- 11 upcoming projects ensure revenue visibility.
- High margins (PAT >41%) vs. peers.
Cons:
- Premium valuation (P/E 32x post-IPO).
- Concentrated risk (Mumbai-centric operations).
- Cyclical real estate exposure.
Verdict:
“Subscribe” for investors with 2-3 year horizon. Short-term gains likely post-listing (GMP indicates 50%+ premium), but long-term growth hinges on execution. Avoid if seeking quick exits.
RHP/DRHP
- Draft Red Herring Prospectus (DRHP): SEBI Filing Link
- Red Herring Prospectus (RHP): Sri Lotus Developers IPO RHP
IPO Review: SWOT Analysis
Strengths
- Prime Mumbai locations.
- Asset-light model → High cash flow.
- Celebrity endorsements boost brand.
Weaknesses
- Dependence on luxury segment (economic sensitivity).
- Regulatory risks in redevelopment projects.
Opportunities
- Expansion into Pune/Bengaluru.
- Commercial real estate demand surge.
Threats
- Interest rate hikes impacting buyer sentiment.
- Competition from Lodha, Oberoi.
FAQs (10 Key Questions)
- What is SLDRL’s IPO GMP today?
₹85-₹90 (Updated July 2025). - How to apply via Zerodha?
Login → IPO Section → Select SLDRL → Bid via UPI. Step-by-Step Guide. - IPO opening/closing date?
July 30 to August 1, 2025. - Lot size?
100 shares (Min: ₹14,000). - Allotment date?
August 4, 2025. - Listing date?
August 6, 2025 (BSE/NSE). - Promoters’ holding post-IPO?
81.86% (from 91.78%). - ROCE/ROE in FY25?
27.22% / 24.39%. - Why invest?
Strong Mumbai presence, low debt, high margins. - Risks?
Overvaluation, project delays.
