Sri Lotus Developers IPO to Open on July 30 - Check Price band, Lot Size, and More

Mumbai-based developer of residential and commercial premises, Sri Lotus Developers, is coming up with its ₹792 crore IPO on July 30, 2025. The company filed its RHP (red herring prospectus) on July 22, 2025. As per the RHP, the proposed issue is entirely a fresh issue of 5.28 crore shares. 

The IPO is scheduled to close on August 1, 2025, with August 4, 2025, as the allotment date. 

Offer Details

Price Band: The IPO price band is set at ₹140 to ₹150 per share. 

Listing: The equity shares are proposed to be listed on NSE and BSE. 

Lot Size:

• • For retail investors: 1 lot (100 shares), requiring a minimum investment of ₹14,000
  • For Non-Institutional Investors (NIIs)  
    • • sNII (small NII): Minimum application of 14 lots (1,400 shares), requiring an investment of ₹2,09,160
      • bNII (big NII): Minimum application of 67 lots (11,122 shares), requiring an investment of ₹10,00,980.

Book-running lead manager: Monarch Networth Capital Limited and Motilal Oswal Investment Advisors Limited. 

Registrar: Kfin Technologies Limited

Use of Proceeds: The net proceeds from the fresh issue will be used to 

• Provide partial funding for the development and construction expenses of our ongoing projects, Amalfi, The Arcadian, and Varun, through investments in our subsidiaries Richfeel Real Estate Private Limited, Dhyan Projects Private Limited, and Tryksha Real Estate Private Limited, respectively, and
• For general corporate purposes.

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About the company

Sri Lotus Developers is a Mumbai-based real estate development company specialising in residential and commercial spaces, with a strong emphasis on redevelopment projects in the ultra-luxury and luxury segments. Most of the Lotus Developers completed, ongoing and upcoming projects are under the ultra-luxury segment and luxury segment and are located in Mumbai.

The company’s revenue from operations grew by 19.09%, rising from ₹461.58 crore in fiscal 2024 to ₹549.68 crore in fiscal 2025. 

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