NEW DELHI: Sri Lotus Developers and Realty has established a price range of ₹140 to ₹150 per equity share of face value ₹1 for its initial public offering (IPO).
The IPO is set to open for subscription on July 30, 2025, and will close on August 1, 2025. Investors can bid for a minimum of 100 equity shares, with options to bid in multiples of 100 shares thereafter. A discount of ₹14 per share is available for eligible employees participating in the employee reservation segment.
The IPO consists entirely of a fresh issue of shares up to ₹792 crore, with no offer for sale component.
As of June 30, 2025, the company has developed a total area of 0.93 million sq ft across residential and commercial properties. It boasts four completed projects, five ongoing projects, and 11 projects in the pipeline.
The company’s revenue from operations increased by 19.09%, rising from ₹461.57 crore in FY24 to ₹549.68 crore in FY25. Profit after tax surged by 90.21%, increasing from ₹119.81 crore in FY24 to ₹227.89 crore in FY25.
Monarch Networth Capital and Motilal Oswal Investment Advisors are the book-running lead managers, while KFin Technologies serves as the registrar for the issue.
The issue is being conducted through the book-building process, allowing for allocation of up to 50% of the net issue to qualified institutional buyers, a minimum of 15% to non-institutional bidders, and at least 35% to retail individual bidders.
