Archive · 30 Jul 2025
Sri Lotus Developers IPO Launches, Raising ₹792 Crore
Sri Lotus Developers, a Mumbai real estate company, is selling shares through an IPO.
They are raising money to build more luxury homes and commercial properties.
The IPO opens on July 30, where you can buy shares for ₹140-150.
The money will go towards projects.
Investment firms have varying opinions, but many suggest subscribing.
Sri Lotus Developers launched an IPO on July 30 to raise ₹792 crore.
The IPO price band is ₹140-150 per share, with a minimum investment of 100 shares.
The company develops luxury and ultra-luxury residential and commercial properties in Mumbai.
Proceeds will fund ongoing projects and general corporate purposes.
Brokerages offer mixed views, citing strong growth but premium valuation.
- Who
- Sri Lotus Developers & Realty Ltd.
- What
- Sri Lotus Developers launched an IPO to raise ₹792 crore.
- When
- The IPO opened for subscription on July 30, 2024, and closes on August 1, 2024.
- Where
- Mumbai, India.
- Why
- To fund the development and construction of projects, and for general corporate purposes.
Proponents
Critics
Valuation
Proponents
Strong financial performance, asset-light model, and growth strategy.
Critics
Valuation is premium at 24.5 times FY25 EBITDA compared to peer averages of 20.7 times.
- IPO Amount
- ₹792 crore
- Share Price
- ₹140-150
- Minimum Investment
- 100 shares
- Opening Date
- July 30
- Closing Date
- August 01
- Listing Date
- August 6
- GMP
- ₹44
Sources
Backed by Bollywood stars and profit up 13x—should you bet on Lotus Developers’s IPO?
Sri Lotus Developers & Realty IPO opens today: Should you subscribe to it?
Sri Lotus Developers opens today: ‘Subscribe’ or ‘Skip’? From price band, GMP to brokerage views – All you need to know