Sri Lotus Developers IPO – Review
Sri Lotus Developers and Realty Limited, a developer of commercial and residential premises in Mumbai, is planning to raise INR 792 Crore via an IPO.
[Fresh Issue 792 Cr + OFS NIL]
Sri lotus developers ipo price is INR 140 – 150 per share
Sri Lotus Developers: History
The Company was incorporated as AKP Holdings Private Limited, a private limited company under the Companies Act, 2013,
The Company was converted into a public limited company under a special resolution passed in the AGM by the BOD and the shareholders on December 12, 2024, and its name was changed to Sri Lotus Developers and Realty Ltd under a fresh certificate of incorporation issued by the RoC on December 16, 2024.
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Sri Lotus Developers: Business
Sri Lotus Developers & Realty Ltd is a developer of residential and commercial projects in Mumbai (Maharashtra, India) with a focus on Redevelopment Projects in the Luxury and Ultra Luxury Segment in the western suburbs.
The Company adopts a customer-centric business model which focuses on designing and developing projects that create a greater market appeal.
Historically, Sri Lotus focus has been on the western suburbs of Mumbai.
To drive future growth, it is expanding its reach into other micro-markets in southern and central regions of Mumbai (Nepean Sea Road and Prabhadevi), and eastern suburbs of Mumbai (Ghatkopar).
Projects Classification
The Company’s projects can be classified into 3 categories –
- Greenfield Projects,
- Redevelopment Projects,
- Joint Development Projects.
As of November 30, 2024, the Company has a developable area of 0.68 million square feet consisting of both commercial and residential properties.
As of November 30, 2024, the Company has –
Three (3) Completed Projects,
Six (6) Ongoing Projects, and
Seven (7) Upcoming Projects.
Strategies Ahead
- Strengthening position in the Ultra Luxury & Luxury Segment in the western suburbs of Mumbai
- Enhanced focus on an asset-light business model
- Expand into the micro-markets in the south, central, and eastern regions of Mumbai and other regions of western Mumbai.
- Continue to selectively develop Commercial Projects in the Mumbai region
- Focus on enhancing brand visibility and reputation through the development of quality real estate projects
Company Promoters
- Anand Kamalnayan Pandit,
- Roopa Anand Pandit,
- Ashka Anand Pandit
Refer to Sri lotus developers ipo drhp for detailed information.
IPO Details
IPO date = 30 July to 01 August 2025
Minimum Amount = INR 15,000
Minimum Bid = 100 Shares
Face Value (FV) = INR 1
Listing On = NSE, BSE
Book Running Lead Manager
Monarch Networth Capital Limited
Motilal Oswal Investment Advisors Limited
Financial
CONCLUSION
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