Sri Lotus Developers IPO Subscribed 61.01 Times on Day 3

The Sri Lotus Developers IPO has received a strong response from investors, with a subscription of 61.01 times by Day 3. The company is offering shares at a price band of Rs. 150 per share, with a minimum lot size of 100 shares. The issue size stands at Rs. 792 crore, comprising entirely of a fresh issue. Stay tuned for the latest updates on the Sri Lotus Developers IPO subscription status as the offering progresses.

Sri Lotus Developers IPO Subscription Status - Day 3

By the end of Day 3, the Sri Lotus Developers IPO was subscribed 61.01 times in total. The Qualified Institutional Buyers (QIBs) subscribed 135.05 times, showing very high interest. The Non-Institutional Investors (NIIs) subscribed 59.03 times, and the Retail Investors subscribed 19.89 times.

Last updated: 15:22 PM, Friday, 01 Aug 2025

Sri Lotus Developers IPO Subscription Status - Day 2

On Day 2, the Sri Lotus Developers IPO continued to witness strong demand, with an overall subscription of 11.10 times. The Non-Institutional Investors (NIIs) led the charts with a subscription of 17.10 times, followed by the Retail Category at 9.58 times. The Qualified Institutional Buyers (QIBs) also showed strong participation, subscribing 9.31 times.

Sri Lotus Developers IPO Subscription Status - Day 1

The Sri Lotus Developers IPO received a positive response on Day 1 with an overall subscription of 3.86 times. The Qualified Institutional Buyers (QIBs) subscribed 5.68 times, showing strong institutional interest. The Non-Institutional Investors (NIIs) category saw a subscription of 3.32 times, while the Retail Category was subscribed 3.05 times.

Company Overview of Sri Lotus Developers IPO 

Sri Lotus Developers and Realty Limited is a prominent developer of residential and commercial properties in Mumbai, Maharashtra, with a focus on redevelopment projects in the ultra-luxury and luxury segments in the city's western suburbs. Since its inception, the company has built a brand centered around customer satisfaction, aiming to create environments that elevate the lifestyles of its customers.

The company’s operations are strategically positioned in Mumbai, one of the largest real estate markets in India. Between 2019 and 2023, the Mumbai Metropolitan Region (MMR) consistently ranked first among the top seven residential real estate markets in India in terms of supply, absorption, and average base selling price (Source: Anarock Report). Sri Lotus Developers has acquired land in the western suburbs of Mumbai since 2017, focusing on high-end residential projects.

Sri Lotus Developers focuses on ultra-luxury and luxury residential properties, particularly in the Rs. 2.5 crore segment, which has experienced significant growth, more than quadrupling from 3% in 2021 to 22% in Q1 2025. The company’s developments include 2BHK and 3BHK flats in the luxury residential segment, priced between Rs. 3 crore and Rs. 7 crore, as well as 3BHK, 4BHK, and penthouses in the ultra-luxury segment priced above Rs. 7 crore. Additionally, the company is engaged in developing commercial office spaces.  

Strengths and Risks of Sri Lotus Developers IPO

Let’s dive into the strengths and risks to assess if the Sri Lotus Developers IPO is good or bad for investoRs. 

Strengths: 

• The company is strategically positioned in the ultra-luxury and luxury segments of the residential real estate market in the western suburbs of Mumbai, with a customer-centric focus and a strong pipeline of projects. The demand for luxury housing in the Rs. 2.5 crore and Rs. 1.5 crore to Rs. 2.5 crore segments have significantly grown in this region.

• The company enjoys strong brand recognition, allowing it to sell at premium pricing throughout the construction phase, commanding a premium of approximately 22% on its quoted prices compared to the average in the Juhu market.

• The company adopts an asset-light model for project development, primarily through development agreements, which enables it to maintain high cash flow from operating activities.

• The company possesses end-to-end capabilities that ensure the timely completion of projects, including in-house construction management, customer support, and facility management teams, complemented by external specialists.

• The company is guided by an experienced Promoter and management team. Anand Kamalnayan Pandit, the Promoter, has over 24 years of experience in the real estate business and has successfully executed projects totaling over 3.32 million square feet. 

Risks:

• The business is highly dependent on and concentrated in the Western Suburbs of Mumbai, exposing it to localized economic, regulatory, and natural disaster risks.

• The company has a significant number of unsold units in both completed and ongoing projects, which could adversely affect sales and financial condition if not sold timely.

• The company has experienced negative cash flows in the last three fiscal years.

• The ability to fully develop projects depends on obtaining, maintaining, and renewing statutory and regulatory approvals, licenses, or permits, and failure to do so could adversely affect the business.

• Increases in prices or disruptions in the supply of construction materials and contract labor could lead to higher estimated construction costs and delays, resulting in cost overruns.

Sri Lotus Developers IPO Details

• IPO Date: July 30, 2025 to August 1, 2025

• Issue Price: Rs. 150 per share

• Lot Size: 100 shares

• Total Issue Size: 5,28,00,000 shares (aggregating up to Rs. 792.00 crore)

• Tentative Allotment Date: August 4, 2025

• Tentative Listing Date: August 6, 2025

How to Apply for Sri Lotus Developers IPO

• Visit the Rupeezy app or Rupezy DOCK.

• Navigate to the IPO section on the Home Page

• Here, you can view all the IPOs with details such as market lot, minimum bid quantity, price range, and analysis.

• You can read the Red Herring Prospectus for the issue details.

• Click on Apply.

• Enter your UPI ID for payment & place the bid.

• While placing the bid, enter the cutoff price or desired price in the range specified. Select quantity as per lot size. 

• Submit to complete the order.