1. At a Glance
- IPO Size: ₹792 Cr (Fresh Issue)
- Price Band: ₹140 – ₹150
- Shares: 5.28 Cr
- Lot Size: 100 shares (₹14,000 min)
- Listing: BSE, NSE (Aug 6, 2025)
- Promoter stake: 91.78% → 81.86%
- FY25 Revenue ₹569 Cr, PAT ₹228 Cr
- Post IPO P/E: 32× (because why not?)
2. Intro – Why This Matters
Imagine buying a penthouse only to find the swimming pool is still under construction. This IPO feels the same. Sri Lotus Developers is rolling in glamour – luxury towers, Bollywood investors, record profit growth – but the valuation screams “priced for perfection.”
Key stats to make you raise an eyebrow:
- PAT +91% in FY25
- Debt down 70% (₹428 Cr → ₹122 Cr)
3. Business Model – WTF Do They Even Do?
They build homes where even the garage smells like imported leather. The focus is:
- Luxury Residences: 2/3 BHK ₹3–7 Cr
- Ultra-Luxury: 4BHK+ & Penthouses >₹7 Cr
- Commercial: High-end office spaces
The kicker? They use
