Mumbai-based Sri Lotus Developers and Realty has launched its ₹792 crore initial public offering (IPO), targeting investors aligned with India’s luxury housing boom. Backed by strong financial performance and a project-rich pipeline, the IPO reflects the company’s asset-light, execution-driven model.
Sri Lotus Developers and Realty Ltd, headquartered in Mumbai, has opened its ₹792 crore initial public offering (IPO) for public subscription, marking a significant step for the ultra-luxury residential developer. Operating primarily in Mumbai’s western suburbs, the company focuses on high-end housing through redevelopment and joint development models. It has established a strong presence in premium micro-markets such as Juhu, Andheri, Bandra, Prabhadevi, and Ghatkopar.
The issue, which is entirely a fresh offer of 5.28 crore equity shares, is scheduled to close on August 1, 2025. The price band has been fixed at ₹140–₹150 per share, with a lot size of 100 shares. The IPO is being managed by Motilal Oswal Investment Advisors Ltd and Monarch Networth Capital Ltd, and the shares are set to be listed on both the NSE and BSE.
IPO Details:
- IPO Size: ₹792 crore (Fresh Issue Only)
- IPO Dates: Opens July 29, 2025 | Closes August 1, 2025
- Price Band: ₹140–₹150 per share
- Lot Size: 100 shares
- Minimum Investment (Retail): ₹15,000
- Listing Platform: NSE and BSE
- Lead Managers: Motilal Oswal, Monarch Networth
- Registrar: KFin Technologies Limited
The funds raised will be deployed towards ongoing projects across its subsidiaries—Amalfi, The Arcadian, and Varun—as well as for general corporate purposes. The company’s asset-light model, relying on partnerships with housing societies instead of land acquisitions, enables quicker execution cycles and optimized capital use.
Sri Lotus reported a net profit of ₹228 crore in FY25, up from ₹119 crore in the previous fiscal. Revenue stood at ₹550 crore, with a notable jump in EBITDA margin to 52.6%, reflecting operational efficiency. The company currently has 16 ongoing residential projects and is targeting the high-demand ₹2.5 crore-plus price segment.
Ahead of the IPO, shares of Sri Lotus Developers have been commanding a grey market premium (GMP) of ₹44, suggesting a potential listing gain of 29% over the upper band price.
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