Sri Lotus Developers IPO 2025: Rs 792 Cr Equity Sale Opens July 30 at Rs 140–150 Per Share

Sri Lotus Developers and Realty Ltd. is set to raise Rs 792 crore through its entirely fresh equity issue, opening for subscription July 30–August 1, 2025, at a price band of Rs 140–150 per share with a lot size of 100 shares.

The Mumbai-based luxury property developer plans to allocate ₹550 crore from the IPO proceeds to subsidiaries—Richfeel, Dhyan Projects, and Tryksha—for funding high-end projects such as Amalfi, The Arcadian, and Varun. The remainder will support broader corporate needs.

IPO Timeline & Allocation

Anchor book opens: July 29, 2025

Public subscription: July 30–August 1, 2025

Allotment: August 4

Refunds & Demat credit: August 5

Expected listing (BSE/NSE): August 6

The issue reserves 50% for QIBs, 35% for retail, and 15% for NIIs/HNIs.

Notable Backers & Pre-IPO Round

Sri Lotus counts Bollywood heavyweights—Shah Rukh Khan, Amitabh Bachchan, Hrithik Roshan, Ajay Devgn, Ekta Kapoor, Tiger Shroff, Manoj Bajpayee, among others—and marquee investor Ashish Kacholia as pre-IPO financiers. These investors picked up shares at ₹150 in a November 2024 private placement, meaning their investment has mirroring exposure in the public offer.

Company Profile & Financials

Core operations: Redevelopment of ultra-luxury and luxury residential/commercial properties in Mumbai’s western suburbs

Buildable area completed: ~0.93 million sq ft (as of June 30, 2025)

FY25 revenue: ₹549–569 crore (up from ~₹462 crore in FY24)

FY25 net profit: ₹227.9 crore (up from ₹119.1 crore)

Final Take

With a star-studded pre-IPO roster, strong profit growth, and a ₹792 crore fresh issuance earmarked for expansion, Sri Lotus Developers’ IPO is positioned as a marquee real estate play in mid-2025. Investors eyeing long-term exposure in luxury-developer equity should mark the ₹140–150 price band and subscription dates (July 30–August 1) on their calendars.