31 Mar 2023
Assets486.23
Total Income169.95
EBITDA20.84
Profit After Tax16.80
NET Worth48.36
Reserves and Surplus28.32
Total Borrowing328.93
At a glance
Updated 2026-09-11The shares listed at ₹178.00, a 18.67% move from the issue price. Sri Lotus Developers is a Mainboard IPO with an issue size of ₹792.00 crore, proposed for listing on BSE, NSE. The offer opens on 30th Jul 2025 and closes on 1st Aug 2025. The issue structure includes a fresh issue of ₹792.00 crore. The current listing schedule points to 6th Aug 2025.
Issue details
Listing atBSE, NSE
Issue typeBook Build Issue
Issue size₹792.00 Cr
Fresh issue₹792.00 Cr
Face value₹1
Price band₹140.00–₹150.00
Allotment4th Aug 2025
Listing6th Aug 2025
Listing performance
Full performance ↗Issue price₹150.00
Listing price₹178.00
Current price—
Listing gain18.67%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹27.00
GMP / upper price18.00%
Est. listing₹177.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens30th Jul 2025
Closes1st Aug 2025
Allotment4th Aug 2025
Refund5th Aug 2025
Demat5th Aug 2025
Listing6th Aug 2025
Subscription demand
Full bidding ↗Total74.10×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 100 | ₹15,000 |
Company
Use of proceeds
| Object | Amount |
|---|---|
| Investment in the Subsidiaries, Richfeel Real Estate Pvt.Ltd., Dhyan Projects Pvt.Ltd. and Tryksha Real Estate Pvt.Ltd. for part-funding development and construction cost of their Ongoing Projects, Amalfi, The Arcadian and Varun, respectively | ₹550.00 Cr |
| General Corporate Purposes | ₹182.29 Cr |
| Issue Expenses | ₹59.71 Cr |
| Total | ₹792.00 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue569.28₹ Cr · +22.1% vs prior year
EBITDA288.97₹ Cr · +82.3% vs prior year
PAT227.89₹ Cr · +91.3% vs prior year
Assets1,218.60₹ Cr · +65.4% vs prior year
Net Worth932.44₹ Cr · +449.9% vs prior year
Borrowing122.13₹ Cr · -71.5% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2024
Assets736.81
Total Income466.19
EBITDA158.55
Profit After Tax119.14
NET Worth169.56
Reserves and Surplus149.60
Total Borrowing428.24
31 Mar 2025
Assets1,218.60
Total Income569.28
EBITDA288.97
Profit After Tax227.89
NET Worth932.44
Reserves and Surplus888.93
Total Borrowing122.13
KPIs
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 24.39% |
| ROCE | 27.22% |
| Debt / Equity | 0.13% |
| RoNW | 24.39% |
| PAT Margin | 41.46% |
| EBITDA Margin | 52.57% |
| Price to Book Value | 7.01 |
Valuation & shareholding
Pre-IPO EPS5.23
Post-IPO EPS4.66
Pre-IPO P/E28.69
Post-IPO P/E32.17
Promoter holding pre91.78%
Promoter holding post81.86%
Market cap₹7330.65 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Sri Lotus Developers and Realty IPO | — | 32.17 x | — | — |
| Cube Highways IPO | — | - | — | — |
| Bagmane Prime IPO | — | - | — | — |
| Property Share IPO | — | - | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Investment in the Subsidiaries, Richfeel Real Estate Pvt.Ltd., Dhyan Projects Pvt.Ltd. and Tryksha Real Estate Pvt.Ltd. for part-funding development and construction cost of their Ongoing Projects, Amalfi, The Arcadian and Varun, respectively | ₹550.00 Cr |
| General Corporate Purposes | ₹182.29 Cr |
| Issue Expenses | ₹59.71 Cr |
| Total | ₹792.00 Cr |
Registrar & lead managers
Registrar
Kfin Technologies Ltd.Lead managers
- Motilal Oswal Investment Advisors...
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-11.
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