NEW DELHI: Sri Lotus Developers and Realty has fixed the price band of ₹140- to ₹150- per equity share of face value ₹1 each for its maiden initial public offer (IPO).
The IPO will open on July 30, 2025, for subscription and close on August 1, 2025. Investors can bid for a minimum of 100 equity shares and in multiples of 100 equity shares thereafter. A discount of ₹14 per equity shares is being offered to eligible employees bidding in the employee reservation portion.
The IPO is entirely a fresh issue of shares up to ₹792 crore with no offer for sale component.
As of June 30, 2025, the company has completed developable area of 0.93 million sq ft consisting of both residential and commercial properties. It has four completed projects, five ongoing projects and 11 upcoming projects.
The company’s revenue from operations increased by 19.09% from ₹461.57 crore in FY24 to ₹549.68 crore in FY25. Profit after tax increased by 90.21% 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, and KFin Technologies is the registrar of the issue.
The Issue is being made through the book-building process, wherein not more than 50% of the net issue shall be available for allocation on a proportionate basis to qualified institutional buyers, not less than 15% of the net issue shall be available for allocation to non-institutional bidders, and not less than 35% of the net issue shall be available for allocation to retail individual bidders.
