Sri Lotus Developers and Realty added 1.11% to Rs 182.45 after the companysaid that it has been appointed as developer of a prestigious re-development project located in Mumbai's Bandra West, in close proximity to the iconic Bandstand Promenade.
"With this project, the company aims to create an ultra-luxury development that will redefine premium living, offering world-class design, unmatched amenities, and an address that embodies exclusivity and sophistication, the real estate developer said in a statement.
Sri Lotus Developers & Realty is a Mumbai-based real estate developer focused on ultra-luxury and luxury residential and commercial projects in the western suburbs of the Mumbai Metropolitan Region (MMR).
The firm reported a consolidated net profit of Rs 227.41 crore and sales of Rs 549.68 crore for the twelve months ended on 31 March 2025.
The stock made its market debut on 6 August 2025 at Rs 179.10, listing at a 19.4% premium to the issue price of Rs 150. The initial public offering of Sri Lotus Developers and Realty had garnered strong investor interest, with a subscription of 69.14 times.
The IPO was open for bidding between 30 July and 1 August 2025, with a price band of Rs 140 to 150 per share. Of the net proceeds, Rs 550 crore will be infused into subsidiariesRichfeel Real Estate, Dhyan Projects, and Tryksha Real Estateto partly fund ongoing projects Amalfi, The Arcadian, and Varun. The balance will be allocated towards general corporate purposes.
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