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15 Days Price Change

Sri Lotus Developers IPO

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WEBSITE Inc. Year: 2015 Industry: Construction - Real Estate Listed Page

Profile
Issue Size 594.88 Cr
Profile
Price Range 140  to  150 per share
Profile
Min Investment ₹150
Profile
Lot Size 1
Profile
Face Value ₹1
Profile
Draft Prospectus
Invest Before the IPO Goes Live

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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

We are a developer of residential and commercial premises in Mumbai, Maharashtra, with a focus in Redevelopment Projects in the Ultra Luxury Segment and Luxury Segment in the western suburbs. Since our establishment, we have aimed at building a brand centred around customer satisfaction, by creating environments that enhance our customers’ lifestyles. Our operations are strategically located in Mumbai, one of the biggest real estate markets in India. For the calendar years 2019 to 2023, the MMR was ranked first among the top seven Indian residential real estate markets (namely, MMR (Maharashtra), Pune (Maharashtra), Bengaluru (Karnataka), Hyderabad (Telangana), the National Capital Region, Chennai (Tamil Nadu) and Kolkata (West Bengal)) in terms of supply, absorption and average base selling price. (Source: Anarock Report) We acquired land for our operations in the western suburbs of Mumbai in 2017, focusing on the ultra-luxury and luxury residential properties market. We believe that our growth can be attributed to our Promoter, our understanding of the real estate market, our design and execution capabilities, our sales ability and the “Lotus Developers” brand. We are led by our promoter, Anand Kamalnayan Pandit, who has over 24 years of experience in the real estate business. He is a recipient of the Builder Ratna Award. His active engagement in the ventures of the Company has been pivotal in acquiring market opportunities. He guides the management of the Company to diversify the reach by progressing into new territories within the micro-markets of the Mumbai region. His valuable expertise is reflected in the projects that have been successfully completed by him under entities separate from the Company – see “Business – Our Projects – Completed Projects”. He has executed twelve (12) projects in the western suburbs of Mumbai, out of which eight (8) projects are in the residential segment and four (4) projects were in the commercial segment, and developed over 3.32 million square feet, under entities separate from the companies. Read More

Basic Info

Face Value 1 per share

Price 140  to  150 per share

P/E (x) 27.3

Sales( Cr.) 550

PAT( Cr.) 228

EPS 5.5

Draft Prospectus

Exchange BSE-NSE

Promoter

Company Promoters

Anand Kamalnayan Pandit Roopa Anand Pandit Ashka Anand Pandit

Pre Issue Share Holding 91.78%

Post Issue Share Holding 81.86%

Listing Details:

Listing Price: 179.1

Listing Gain: 16.25%

Current Price: 137.9

Gain On Issue: 137.9 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Jul 30, 2025
Closing Date Aug 01, 2025
Allotment Aug 04, 2025
Refund Aug 05, 2025
Delivery of Shares Aug 05, 2025
Listing Date Aug 06, 2025

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 100 15,000
Retail (Max) 13 1300 195,000
S-HNI (Min) 14 1400 210,000
S-HNI (Max) 66 6600 990,000
B-HNI (Min) 67 6700 1,005,000

Objective of the Issue

1.Investment in our Subsidiaries, Richfeel Real Estate Private Limited, Dhyan Projects Private Limited and Tryksha Real Estate Private Limited for part-funding development and construction cost of our Ongoing Projects, Amalfi, The Arcadian and Varun, respectively 2.General corporate purposes.

Issue

Category Nos Bid Bid (x)
QIB 11285714 1849737200 163.9x
NII 8464286 488488300 57.7x
Retail 19750000 400495100 20.3x
EMP 158730 3148800 19.8x
Total 39658730 2741869400 69.1x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Sri Lotus Developers Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 103 167 462 550
Other Income 1 3 5 20
Total Income 103 170 466 569
Total Expenditure 80 143 300 255
Operating Profit 24 27 166 314
Interest 2 4 4 6
Depreciation 0 1 1 2
Exceptional Income / Expenses 0 0 0 0
Profit Before Tax 21 23 161 307
Provision for Tax 5 6 42 79
Profit After Tax 17 17 119 228
Adjustments -4 -0 1 -0
Profit After Adjustments 13 17 120 227
Adjusted Earnings Per Share 0.3 0.4 3 5.2

Sri Lotus Developers Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 32 48 170 932
Minority's Interest -0 -1 1 1
Borrowings 32 30 32 25
Other Non-Current Liabilities -0 -3 -0 25
Total Current Liabilities 358 405 532 234
Total Liabilities 421 479 734 1218
Fixed Assets 1 2 4 5
Other Non-Current Assets 7 7 18 11
Total Current Assets 414 470 712 1202
Total Assets 421 479 734 1218

Sri Lotus Developers Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 15 27 72 102
Cash Flow from Operating Activities -111 71 46 -20
Cash Flow from Investing Activities 36 -15 28 16
Cash Flow from Financing Activities 87 -11 -44 250
Net Cash Inflow / Outflow 12 45 30 246
Closing Cash & Cash Equivalent 27 72 102 348

Sri Lotus Developers Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.32 0.42 3 5.22
CEPS(Rs) 0.43 0.44 3.01 5.26
DPS(Rs) 0 0 0 0
Book NAV/Share(Rs) 0.79 1.21 4.24 21.39
Core EBITDA Margin(%) 22.35 14.55 35.04 53.58
EBIT Margin(%) 22.63 15.67 35.78 56.87
Pre Tax Margin(%) 20.78 13.54 34.91 55.82
PAT Margin (%) 16.35 10.07 25.81 41.46
Cash Profit Margin (%) 16.72 10.61 26.08 41.74
ROA(%) 3.98 3.73 19.64 23.35
ROE(%) 52.94 41.98 109.35 41.36
ROCE(%) 6.31 7.02 33.87 37.83
Receivable days 35.7 22.4 20.99 82.14
Inventory Days 801.07 498.5 280.71 333.62
Payable days -198.77 19.66 19.04 30.2
PER(x) 0 0 0 0
Price/Book(x) 0 0 0 0
Dividend Yield(%) 0 0 0 0
EV/Net Sales(x) 3.21 1.64 0.7 -0.39
EV/Core EBITDA(x) 13.99 9.98 1.95 -0.68
Net Sales Growth(%) 0 62.68 176.61 19.09
EBIT Growth(%) 0 12.65 531.41 89.28
PAT Growth(%) 0 0.18 609.06 91.27
EPS Growth(%) 0 28.85 620.13 74.12
Debt/Equity(x) 10.61 6.8 2.53 0.13
Current Ratio(x) 1.15 1.16 1.34 5.14
Quick Ratio(x) 0.53 0.59 0.44 2.89
Interest Cover(x) 12.19 7.35 41.03 54.26
Total Debt/Mcap(x) 0 0 0 0

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 19% 75% 0% 0%
Operating Profit CAGR 89% 136% 0% 0%
PAT CAGR 92% 138% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR NA% NA% NA% NA%
ROE Average 41% 64% 61% 61%
ROCE Average 38% 26% 21% 21%

Company Contact Information

Sri Lotus Developers And Realty Ltd.

Ankit Kumar Tater

91 7506283400

investors@lotusdevelopers.com

5th & 6th Floor, Lotus Tower 1 Jai Hind Society, N S Road No. 12/a J V P D Scheme, Juhu

IPO Lead Manager(s)

Sri Lotus Developers And Realty Ltd.

Monarch Networth Capital Ltd.

Motilal Oswal Investment Advisors Pvt Ltd

Registrar Info

Sri Lotus Developers And Realty Ltd.

K FIN Technologies Ltd.-(Karvy Fintech Pvt Ltd.)

Karvy Selenium Tower B, Plot 31-32 Gachibowli,Financial District, Nanakramguda Hyderabad – 500032 Tel. No. 040 67161500 Fax. No. 040 23001153 E-mail: einward.ris@karvy.com Website: www.karvy.com Toll Free No. of exclusive Call Centre:1-800-345001

040 - 67162222/18003094001

einward.ris@kfintech.com

https://www.kfintech.com

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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