Sri Lotus Developers and Realty Ltd IPO: Date, Price, GMP, Review & All You Need to Know
Sri Lotus Developers and Realty Ltd, a well-known Mumbai-based real estate developer, has received SEBI’s approval to launch its IPO worth ₹792 crore. The IPO is backed by several film celebrities and marquee investors, making it one of the most talked-about upcoming public issues in India. Here’s a complete breakdown of the Sri Lotus Developers IPO, including important dates, issue size, GMP, allotment, and expert review.
🔷 Sri Lotus Developers IPO Details
- IPO Opening Date: To be announced
- IPO Closing Date: To be announced
- Issue Size: ₹792 crore (Fresh Issue)
- Face Value: ₹10 per equity share
- Price Band: To be announced
- Lot Size: To be announced
- IPO Type: Book Built Issue IPO
- Listing At: NSE, BSE
- Registrar: Link Intime India Pvt Ltd
🏢 About the Company
Sri Lotus Developers and Realty Ltd is engaged in real estate development, focusing on residential and commercial properties across the western suburbs of Mumbai. The company’s portfolio includes premium 2BHK and 3BHK apartments and various commercial developments.
As of November 30, 2024, the company has delivered 6 completed projects covering more than 7.5 lakh sq. ft. and has 4 ongoing developments spanning approximately 6 lakh sq. ft.
The company aims to offer "value housing" in key Mumbai suburbs, providing a combination of affordability, quality construction, and modern lifestyle amenities.
📈 Financial Performance (as of FY 2023-24)
| Parameter | FY 2022-23 | FY 2023-24 |
|---|---|---|
| Revenue | ₹102.5 Cr | ₹138.9 Cr |
| Profit After Tax (PAT) | ₹8.4 Cr | ₹11.2 Cr |
| EBITDA Margin | 15.6% | 17.2% |
| Net Worth | ₹59.3 Cr | ₹68.1 Cr |
🔥 Grey Market Premium (GMP)
Current GMP: ₹-- (Yet to be updated)
We will update the GMP trend daily once the IPO dates are officially announced.
📝 Objective of the Issue
- To fund working capital requirements
- To support ongoing and future real estate projects
- General corporate purposes
🧠 IPO Review & Expert Opinion
With a strong presence in Mumbai’s suburban market and backing from influential investors, Sri Lotus Developers is expected to draw significant attention from retail and institutional investors alike. However, being in the real estate sector, macroeconomic conditions and interest rate risks must be considered before investing.
Investors are advised to stay updated through SEBI’s official announcements and await the RHP (Red Herring Prospectus) for complete details.
📅 Sri Lotus Developers IPO Timeline (Tentative)
- RHP Filing Date: Approved by SEBI
- Anchor Investor Allotment: To be announced
- IPO Open Date: To be announced
- IPO Close Date: To be announced
- Basis of Allotment: TBA
- Listing Date: TBA
📌 Internal Links
🌐 External Source
❓ FAQ – Sri Lotus Developers IPO
1. What is the issue size of the Sri Lotus Developers IPO?
The IPO will raise ₹792 crore via fresh issue.
2. When will Sri Lotus Developers IPO open?
The IPO dates are yet to be officially announced. Stay tuned for updates.
3. What is the GMP of Sri Lotus Developers IPO?
As of now, GMP data is not available. It will be updated as soon as the IPO opens.
4. Who are the lead managers for this IPO?
The book running lead managers (BRLM) are yet to be disclosed in the RHP.
5. Will the IPO be listed on NSE and BSE?
Yes, the IPO is expected to be listed on both NSE and BSE.
6. Is it a good IPO to invest in?
With strong investor backing and a focus on the Mumbai property market, this IPO has potential. However, investors should analyze risk factors and read the full RHP before investing.
Disclaimer: This post is for informational purposes only. Please consult with your financial advisor before making any investment decisions.
