Sri Lotus Developers sets IPO price range at INR140-150 per share

Sri Lotus Developers sets IPO price range at INR140-150 per share

Sri Lotus Developers & Realty Ltd., a prominent developer of residential and commercial properties in Mumbai, has announced its initial public offering (IPO) price range. The IPO, slated to open on July 30, 2025, and close on August 1, 2025, will offer shares at a price band of INR140 to INR150 per share [1].

The company, which specializes in ultra-luxury and luxury residential real estate projects, is aiming to raise up to INR792.00 crores through this IPO. The issue will be a fresh capital raise, with the allotment expected to be finalized on August 4, 2025, and the tentative listing date set for August 6, 2025, on both BSE and NSE [1].

The IPO will be led by Motilal Oswal Investment Advisors Limited as the book-running lead manager, with Kfin Technologies Limited serving as the registrar [1]. The company has a strong track record, with its revenue and profit after tax (PAT) increasing by 22% and 91%, respectively, between the financial year ending March 31, 2025, and March 31, 2024 [1].

The IPO will be open to qualified institutional buyers (QIBs), retail investors, and non-institutional investors (NIIs), with a reservation policy in place to ensure fair distribution [1]. The company has also allotted equity shares to prominent figures such as Shah Rukh Khan, Amitabh Bachchan, the Roshan family, and Ashish Kacholia at a private placement price of Rs 150 apiece [2].

Investors interested in the IPO are advised to review the company's detailed prospectus and consult with their financial advisors before making any investment decisions. The IPO will be open for subscription from July 30, 2025, to August 1, 2025, with the tentative allotment date set for August 4, 2025 [1].

References:
[1] https://www.chittorgarh.com/ipo/sri-lotus-developers-and-realty-ipo/2027/
[2] https://economictimes.indiatimes.com/markets/stocks/news/sri-lotus-developers-ipo-shah-rukh-big-b-and-ashish-kacholia-have-bets-on-this-mumbai-realtor/articleshow/122861999.cms