Sri Lotus Developers IPO: Price Band, Issue Details, Listing Date, Financials, Risk & More— DRChoksey Report
Sri Lotus Developers' Rs 792-crore IPO will open for subscription on July 30 and the price band is fixed in the range of Rs 140 to Rs 150 per equity share.
(photo source: company website)
Sri Lotus Developers Ltd. Rs 792-crore IPO comprises only of fresh issue, with no offer-for-sale component. The Mumbai-based real estate development company has fixed the price band in the range of Rs 140 to Rs 150 per equity share of the face value of Rs 1.
NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
DRChoksey Report
Sri Lotus Developers Ltd. will open its initial public offering for subscription on July 30 and the offer closes on August 1.
The Mumbai-based real estate development company has fixed the price band in the range of Rs 140 to Rs 150 per equity share of the face value of Rs 1.
The Rs 792-crore IPO comprises only of fresh issue, with no offer-for-sale component.
Monarch Networth Capital Ltd., Motilal Oswal Investment Advisors Ltd. are the book-running lead managers for the public issue.
The allotment for the Sri Lotus Developers IPO is expected to be finalized on August 04.
The shares will be listed on both the National Stock Exchange and the BSE on Aug 06.
Objects of the Offer
Investment in Subsidiaries for part-funding development and construction cost of Ongoing Projects.
General corporate purposes.
Outlook:
Sri Lotus Developers Ltd. led by its proven track record, and high brand recall value has able to scale its revenue and Ebitda rapidly at 267.8% CAGR over 81.5% and FY23-25, led by increase in area under development and strong delivery of units.
Further, as of June 30, 2025, the company has five ongoing projects with a total estimated developable area of 0.8 million square feet, and 11 upcoming projects spanning with developable area of 5.0 Mn. Sq. Ft., providing enough earnings visibility for the foreseeable future.
With its initial issue, the company plans to raise ~Rs 792 crore through issue of fresh equity, to fund investment of ~Rs 550 crore in its subsidiaries and rest of ~Fs 240 crore for general corporate purposes.
Lotus Developers initial issue is priced at 24.5x FY25 Ebitda, higher than its peer average of 20.7x FY25 Ebitda.
Given its strong growth, asset-light business model, and superior return profile, we believe the company demands premium over its peers and believe value in its initial offering. We assign a “Subscribe” rating to its initial issue.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
