Sri Lotus Developers and Realty has established a price range of ₹140 to ₹150 per equity share, with a face value of ₹1 each, for its inaugural initial public offering (IPO). The IPO is set to commence on July 30, 2025, and will conclude on August 1, 2025.
Investors are permitted to bid for a minimum of 100 equity shares, with subsequent bids in multiples of 100 equity shares. A discount of ₹14 per equity share is available for eligible employees participating in the employee reservation segment.
This IPO represents a complete fresh issue of shares amounting to ₹792 crore, with no component for sale. As of June 30, 2025, the company has developed a total area of 0.93 million square feet, which includes both residential and commercial properties. It boasts four completed projects, five projects currently underway, and 11 projects in the pipeline.
The company’s operational revenue rose by 19.09%, increasing from ₹461.57 crore in FY24 to ₹549.68 crore in FY25. Additionally, profit after tax surged by 90.21%, from ₹119.81 crore in FY24 to ₹227.89 crore in FY25.
Monarch Networth Capital and Motilal Oswal Investment Advisors serve as the book-running lead managers, while KFin Technologies acts as the registrar for the issue. The issue is being conducted through a book-building process, where no more than 50% of the net issue will be allocated on a proportionate basis to qualified institutional buyers, at least 15% will be reserved for non-institutional bidders, and a minimum of 35% will be designated for retail individual bidders.
