Sri Lotus Developers & Realty Ltd IPO
Open Demat Account
Sri Lotus Developers & Realty Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 528 L | TBA | TBA | ₹ 4,000.71 L | BSE | ₹ 792 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 30 Jul, 25 | 01 Aug, 25 | 100 | ₹ 14,000 | Book Building | 06 Aug, 25 |
Sri Lotus Developers & Realty Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Construction |
| Sub Sector | NA |
| Issue Type | Book Building |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 0 | 0 |
| NII | 0x | 0 | 0 |
| Retail | 0x | 0 | 0 |
| Employee | 0x | 0 | 0 |
| Total | 0x | 52800000 | 0 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Sri Lotus Developers & Realty Ltd Financial Status
Income Statement
Balance Sheet
About Sri Lotus Developers & Realty Ltd
Our Company was incorporated as AKP Holdings Private Limited, a private limited company under the Companies Act, 2013, pursuant to the certificate of incorporation issued by the Registrar of Companies, Maharashtra at Mumbai (RoC) on February 17, 2015. Subsequently, the name of our Company was changed to AKP Holdings Limited, upon conversion into a public company, pursuant to a board resolution dated November 22, 2024, and a special resolution passed by shareholders dated November 26, 2024, and a fresh certificate of incorporation was issued on December 05, 2024, by the Registrar of Companies, Central Processing Centre. Thereafter, the name of our Company was changed to `Sri Lotus Developers and Realty Limited', pursuant to a board resolution dated December 11, 2024, and a shareholder resolution dated December 12, 2024, and a fresh certificate of change of name was issued on December 16, 2024, by the Registrar of Companies, Central Processing Centre.
India is the fastest-growing major economy in the world and is expected to be one of the top economic powers in the coming decade with the real estate sector along with its ancillary industries being a significant growth driver of the Indian economy. The real estate market in India has grown at a CAGR of approximately 11% from USD 50 billion in 2008 to USD 180 billion in 2020 and is expected to further reach USD 1000 billion by 2030 and touch USD 5800 billion by 2047. By 2025, it is estimated to contribute 13% to the country's GDP. Mumbai is one of the biggest real estate markets in India. It has various micro-markets along with Mumbai City, suburbs, extended suburbs, and neighboring areas such as Thane and Navi Mumbai. In Mumbai, redevelopment plays a crucial role due to the limited availability of land, particularly in the western suburbs. This micro-market faces significant land constraints, making redevelopment a key factor in addressing the demand.
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. We are led by our promoter, Anand Kamalnayan Pandit, who has over 24 years of experience in the real estate business.
Peer Comparison:
- Sri Lotus Developers and Realty Limited
- Arkade Developers Limited
- Keystone Realtors Limited
- Suraj Estate Developers Limited
- Sunteck Realty Limited
- Mahindra Lifespaces Limited
- Hubtown Limited
Sri Lotus Developers & Realty Ltd IPO Key Points
Strengths
- Strategic position in the Ultra Luxury Segment and Luxury Segment of the residential real estate market of Western Suburbs of Mumbai with a customer centric focus and strong pipeline of projects.
- Asset-light model for development of projects through development agreements, enabling us to maintain high level of cash flow generated from operating activities.
- End to end capabilities and timely completion of projects.
- Experienced Promoters and management team.
Risk
- Our business is dependent on the performance of, and the conditions affecting, the real estate micro markets with high geographical concentration in the Western Suburbs of Mumbai. As of June 30, 2025, all ongoing projects and most of our upcoming projects are in the Western Suburbs of Mumbai. Consequently, we are exposed to risks from economic, regulatory and other changes as well as natural disasters in the Western Suburbs of Mumbai, which in turn may affect our ability to ensure sale of projects and pricing of units in such projects.
- Inability to complete our Ongoing Projects and Upcoming Projects by their respective expected completion dates or at all could have a material adverse effect on our business, results of operations and financial condition.
- As of June 30, 2025, we have 85 unsold units in our Completed Projects and 167 unsold units in our Ongoing Projects. If we are not able to sell our project inventories in a timely manner, then it may adversely affect our business, results of operations and financial condition.
Strategy
- Strengthening our position in the Ultra Luxury Segment and Luxury Segment in western suburbs of Mumbai.
- Enhanced focus on our asset-light model.
- Expand into the micro-markets in the south central and eastern regions of Mumbai and other regions of western Mumbai.
- Continue to selectively develop Commercial Projects in Mumbai region.
- Focus on enhancing our brand visibility and reputation through development of quality real estate projects.
- Strategic position in the Ultra Luxury Segment and Luxury Segment of the residential real estate market of Western Suburbs of Mumbai with a customer centric focus and strong pipeline of projects.
- Asset-light model for development of projects through development agreements, enabling us to maintain high level of cash flow generated from operating activities.
- End to end capabilities and timely completion of projects.
- Experienced Promoters and management team.
How To Apply for Sri Lotus Developers & Realty Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
