Sri Lotus Developers IPO
Sri Lotus Developers IPO
Sri Lotus Developers and Realty Limited, incorporated in 2015, is a residential and commercial premises developer in Mumbai, Maharashtra. The company specializes in the Ultra Luxury and Luxury Segments within Mumbai's western suburbs, focusing on greenfield projects, redevelopment projects, and joint development projects. Their Luxury Residential Segment includes 2BHK and 3BHK flats priced between ₹3 crore and ₹7 crore, while the Ultra-Luxury Residential Segment offers 3BHK, 4BHK, and 4+BHK flats and penthouses priced above ₹7 crore. They also undertake commercial office developments.
Investment Timeline
🤖 Smart Analysis
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🎯 Application Strategy
Action: 👍 CONSIDER - Decent opportunity for diversification
Lots: Apply 1-2 lots based on risk appetite
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Key Factor Analysis
Issue Details
Object of the Issue
The company proposes to utilize the Net Proceeds from the Issue towards the following objects:
- Investment in the Subsidiaries, Richfeel Real Estate Private Limited, Dhyan Projects Private Limited and Tryksha Real Estate Private Limited for part-funding development and construction cost of their Ongoing Projects, Amalfi, The Arcadian and Varun, respectively.
- General corporate purposes.
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