Subscribe for Sri Lotus Developers and Realty Ltd IPO; Anand Rathi

Anand Rathi, has come out with its report on Sri Lotus Developers and Realty Ltd. The research firm has recommended to “ Subscribe” the ipo in its research report as on July 29, 2025.

Broker Research

July 29, 2025 / 11:51 IST

IPO

Anand Rathi, Sri Lotus Developers and Realty Ltd

Sri Lotus Developers & Realty Ltd is a developer of residential and commercial premises in Mumbai, Maharashtra, with a focus on Redevelopment Projects in the Ultra Luxury Segment and Luxury Segment in the western suburbs. Since their establishment, they have aimed at building a brand centered around customer satisfaction, by creating environments that enhance their customers’ lifestyles. Their operations are strategically located in Mumbai, one of the biggest real estate markets in India. For the calendar years 2019 to 2023, the MMR was ranked first among the top seven Indian residential real estate markets (namely, MMR (Maharashtra), Pune (Maharashtra), Bengaluru (Karnataka), Hyderabad (Telangana), the National Capital Region, Chennai (Tamil Nadu) and Kolkata (West Bengal)) in terms of supply, absorption and average base selling price. Company acquired land for their operations in the western suburbs of Mumbai in 2017, focusing on the Ultra-luxury and Luxury residential properties market. Company believe that their growth can be attributed to their Promoter, their understanding of the real estate market, their design and execution capabilities, their sales ability and the “Lotus Developers” brand.

Valuation and Outlook

At the upper price band company is valuing at P/E of 30.6x to its FY25 earnings, with EV/EBITDA of 24.5x and market cap of ₹ 73,306 million post issue of equity shares. We believe that the IPO is fully priced and recommend a “SubscribeLong Term” rating to the IPO.

For all IPO report, click here