Sri Lotus Developers & Realty Ltd IPO

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Sri Lotus Developers & Realty Ltd, based in Mumbai, specializes in ultra-luxury and luxury residential and commercial projects, primarily in the western suburbs. Founded in the early 1990s as Deepak Finance & Leasing Company (DFL), Led by Anand Kamalnayan Pandit, with over 24 years of experience, the company focuses on redevelopment projects and high-end living spaces, capitalizing on Mumbai’s growing demand for luxury housing.

Project Categories

The company’s projects are categorized into three segments:

1. Greenfield Projects: Projects built on undeveloped land.

2. Redevelopment Projects: Projects developed through agreements with housing societies and landholders.

3. Joint Development Projects: Projects developed in collaboration with landowners, where the company shares revenue or profits from the sale.

Key Developments and Focus Areas

Sri Lotus Developers specializes in ultra-luxury and luxury residential properties with price ranges from ₹3 crores to ₹7 crores for luxury segments and above ₹7 crores for ultra-luxury segments. They also develop commercial properties, including office spaces. Their developments incorporate modern designs and amenities aimed at enhancing customer lifestyles.

Technology Integration

The company leverages cutting-edge technology, including 3D Building Information Modelling (BIM) for project planning, execution, and coordination, alongside virtual reality for customer project walkthroughs. These technologies improve efficiency, coordination, and the overall customer experience.

Market Position and Competitive Strengths

i) Strategic Focus: Positioned in the ultra-luxury and luxury segments of Mumbai’s real estate market, particularly the western suburbs.
ii) Brand Recognition: Strong brand presence, recognized for its quality construction, customer satisfaction, and timely project delivery.
iii) Asset-Light Model: Focus on redevelopment and joint development projects, reducing land acquisition costs while accelerating capital efficiency.
iv) Timely Completion: Known for consistently completing projects on time, or ahead of schedule, which enhances its reputation.
v) Experienced Leadership: Led by Anand Kamalnayan Pandit, with over 24 years of experience in the industry, steering the company towards high-growth opportunities.

Future Growth and Expansion

The company is expanding its reach into new micro-markets within Mumbai, such as Nepean Sea Road, Prabhadevi, and Ghatkopar, to capture growth opportunities in diverse regions of the city. This expansion, combined with a strong focus on ultra-luxury developments, positions Sri Lotus Developers for continued success in the high-end real estate market.

Objects of the Sri Lotus Developers & Realty Ltd IPO:

The Net proceeds of the Issue are proposed to be utilised for the following objects: 1. Investment in our Subsidiaries, Richfeel Real Estate Private Limited, Dhyan Projects Private Limited and Tryksha Real Estate Private Limited for part-funding development and construction cost of our Ongoing Projects, Amalfi, The Arcadian and Varun, respectively (₹550 crore) 2. General corporate purposes

Sri Lotus Developers & Realty Ltd IPO Details:

Open Date: Jul 30 2025
Close Date: Aug 01 2025
Face Value: ₹ 1 Per Equity Share
Issue Size: 792 Cr.
Listing At: NSE,BSE

Promoters And Management:

1. Anand Kamalnayan Pandit is the Chairman and Managing Director of the company, effective from December 11, 2024. He has been with the company since its inception and is one of the promoters. He holds a Bachelor of Engineering in Electronics and Communication from the University of Gujarat and a diploma in Marketing Management. With over 24 years of experience in the real estate sector, he has previously served as a director at Bank of Maharashtra, Syndicate Bank, and Housing & Urban Development Corporation Limited. 2. Roopa Anand Pandit is a Non-Executive and Non-Independent Director, effective from December 10, 2024, and one of the promoters. She holds a Bachelor's and Master's degree in Arts from the University of Gujarat and has over 9 years of experience in the real estate sector. 3. Ashka Anand Pandit is the Whole-time Director of the company, effective from December 11, 2024. She holds a Bachelor’s degree in Business Administration from Narsee Monjee Institute of Management Studies and a Master of Science in Economics and International Financial Economics from the University of Warwick. With over 9 years of experience in real estate, she was previously associated with Purna Projects Private Limited and Veer Savarkar Projects Private Limited.

Financials of Sri Lotus Developers & Realty Ltd IPO:

To be updated shortly

Comparison With Peers:

To be updated shortly

Lead Manager of Sri Lotus Developers & Realty Ltd IPO:

  1. Monarch Networth Capital Limited
  2. Motilal Oswal Investments Advisors Private Limited

Registrar of Sri Lotus Developers & Realty Ltd IPO:

  1. Kfin Technology Private Limited

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