Friday, August 1, 2025

Sri Lotus Developers & Realty IPO subscribed 69.13 times on Final Day

The Initial Public Offering of Sri Lotus Developers & Realty Limited was subscribed 69.13 times on the final day of bidding.

The issue received bids of 2,74,16,88,500 shares against the offered 3,96,58,730 equity shares, at a price band of ₹140-150, according to the data available on the stock exchanges.

Qualified Institutional Buyer Portion and Non-Institutional Investors Portion were subscribed 163.90 times and 57.71 times respectively, whereas Retail Portion was subscribed 20.27 times. Employee Portion was subscribed 19.83 times.

Monarch Networth Capital Limited, and Motilal Oswal Investment Advisors Limited are the book-running lead managers, and KFin Technologies Limited is the registrar of the issue.

Company Information

Sri Lotus Developers and Realty is a developer of residential and commercial premises in Mumbai, Maharashtra, with a focus in Redevelopment Projects in the Ultra Luxury Segment and Luxury Segment in the western suburbs under the “Lotus Developers” brand.

The company's projects can be bifurcated into the following three (3) categories, Greenfield Projects, Redevelopment Projects, Joint Development Projects.

As of June 30, 2025, the company has completed developable area of 0.93 million square feet consisting of both residential and commercial properties.

The developments focus primarily on ultra-luxury and luxury residential properties and commercial properties through construction and development of 2BHK and 3 BHK flats with a price range of ₹ 3 crores to ₹ 7 crores (“Luxury Residential Segment”); construction and development of 3BHK, 4 BHK and 4+ BHK flats and penthouses, with a price of above 7 crores (“Ultra Luxury Residential Segment”, together with the Luxury Residential Segment as the “Residential Segment”); and construction and development of commercial offices (“Commercial Segment”).

As of June 30, 2025, the company has 4 Completed Projects, 5 Ongoing Projects and 11 Upcoming Projects.

The company is expanding its reach into other micro-markets in southern and central regions of Mumbai, such as Nepean Sea Road and Prabhadevi, and eastern suburbs of Mumbai, such as Ghatkopar.

 

Sri Lotus Developers and Realty’s revenue from operations increased by 19.09% from ₹461.57 crore in Fiscal 2024 to ₹549.68 crore in Fiscal 2025, primarily due to an increase in sales of projects and sale of services. Profit after tax increased by 90.21% in profit after tax from ₹119.81 crore in Fiscal 2024 to ₹227.89 crore in Fiscal 2025.

The table below shows subscription data for all the categories of investors:

 

SRI LOTUS DEVELOPERS AND REALTY LIMITED

Last updated on
01 Aug 2025 | 05:00:00 PM

Sr.No.

Category

No.of shares offered / reserved

No. of shares bid for

No. of times of total meant for the category

1

Qualified Institutional Buyers (QIBs)

1,12,85,714

1,84,97,37,200

163.90

1(a)

Foreign Institutional Investors (FIIs)

-

55,29,06,400

-

1(b)

Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)

-

94,10,99,100

-

1(c)

Mutual Funds

-

6,97,03,300

-

1(D)

Others

-

28,60,28,400

-

2

Non Institutional Investors(NIIS)

84,64,286

48,84,72,900

57.71

2.1

Non Institutional Investors(Bid amount of more than Ten Lakh Rupees)

56,42,858

31,14,07,400

55.19

2.1(a)

Corporates

-

1,42,51,000

-

2.1(b)

Individuals (Other than RIIs)

-

28,41,23,800

-

2.1(c)

Others

-

1,30,32,600

-

2.2

Non Institutional Investors(Bid amount of more than Two Lakh Rupees and upto 10 lakh rupees)

28,21,428

17,70,65,500

62.76

2.2(a)

Corporates

-

8,20,800

-

2.2(b)

Individuals (Other than RIIs)

-

16,85,14,200

-

2.2(c)

Others

-

77,30,500

-

3

Retail Individual Investors (RIIs)

1,97,50,000

40,03,31,100

20.27

3(a)

Cut Off

-

32,90,81,000

-

3(b)

Price Bids

-

7,12,50,100

-

4

Employee Reserved

1,58,730

31,47,300

19.83

4(a)

Employee (Cut off)

-

24,68,300

-

4(b)

Employee (Price)

-

6,79,000

-

5

Reservation PortionShareholder

-

-

-

5(a)

RPS (Cut off)

-

-

-

5(b)

RPS (Price)

-

-

-

Total

3,96,58,730

2,74,16,88,500

69.13

 

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Aakash Educational Services Limited (AESL) Celebrates 16 Glorious Years of ANTHE with the Launch of ANTHE 2025 – Empowering Students to Become Problem Solvers of Tomorrow;

Scholarships upto 100% Worth ₹250 Crore and Cash Awards Worth ₹2.5 Crore Announced for Students of 

Classes V to XII;

AESL Launches Aakash Invictus Ace Test for Scholarship and Admission to Aakash Invictus


ANTHE to take place Online and Offline from October 04 - 12, 2025

Scholarships to be offered for Classroom, Aakash Digital and Invictus Courses.

Last year, a record was set when more than 1 million students wrote the exam.

Many toppers (NEET UG, JEE Main and Advanced) started their journey with ANTHE including 22 out of Top 100 in NEET 2025 and 10 out of Top 100 in JEE Advanced 2025

AESL also launches the Aakash Invictus Ace Test, a national-level scholarship exam for students of Classes 8 to 12 seeking advanced JEE preparation, scheduled for August 24, 31 and September 7, 2025.

Registrations are open and students/parents can either apply online at https://anthe.aakash.ac.in/home or visit the nearest centre of Aakash Institute in their city

For Invictus Ace Test register at https://www.aakash.ac.in/invictus-ace


Mumbai, August 01, 2025: Marking 16 successful years of transforming student aspirations into achievements, Aakash Educational Services Limited (AESL), the national leader in test preparatory services, proudly announces the launch of its flagship initiative – ANTHE 2025 (Aakash National Talent Hunt Exam). One of the most awaited annual events in the Indian academic calendar, ANTHE 2025 aims to empower Class V-XII studying students to rise above challenges and emerge as true problem solvers.


Carrying forward its mission of democratizing access to quality education, ANTHE 2025 offers up to 100% scholarships worth ₹250 Cr in total to Classroom, Aakash Digital and Invictus Courses, along with significant cash awards worth ₹2.5 Cr helping students achieve their dreams of a successful career in medicine or engineering. The exam opens the door for students to avail the best coaching for competitive exams like NEET, JEE, State CETs, NTSE, and Olympiads, offered by Aakash’s expert faculty.


Adding to this commitment, Aakash is also launching the Invictus Ace test, a scholarship exam for admission to the Aakash Invictus JEE Advanced preparation program for students from Classes 8 to 12 studying. The national-level eligibility-cum-scholarship test will be conducted on August 24, August 31, and September 7, 2025. The three-hour test (10:00 AM to 1:00 PM), available in both online and offline modes, carries a ₹300 application fee. Those who perform exceptionally well will be rewarded with scholarships of up to 100% and exciting cash prizes. Aakash Invictus is available to students at exclusive Invictus Centers in Delhi-NCR, Chennai, Bengaluru, Lucknow, Meerut, Prayagraj, Dehradun, Bhopal, Indore, Ahmedabad, ChandigarhRohtak, Hyderabad, Namakkal, Coimbatore, Bhubaneshwar ,Ranchi, Trichy ,Vizag, Mumbai, Kolkata, Durgapur & Patna.


Mr. Deepak Mehrotra, CEO and MD of Aakash Educational Services Limited (AESL), remarked, “ANTHE has become a symbol of possibility for students across India. Over the past 16 years, we have enabled meritorious students to pursue their dreams, regardless of financial background or location. At Aakash, we believe every student has the potential to become a problem solver, someone who can think critically, face challenges head-on, and create impact. ANTHE 2025 continues this legacy by providing deserving students with the resources, support, and motivation to rise and shine. With our wide network and hybrid learning approach, we are making quality education truly inclusive and outcome-focused.

From this year onwards, we are also launching the Invictus Ace Test for Scholarship & admission to the prestigious Aakash Invictus course for Advanced JEE preparation, that has been thoughtfully designed to evaluate students' understanding of core concepts and their preparedness for competitive exams.”


ANTHE has been instrumental in nurturing several top achievers over the years. In 2025, more than one million students appeared for the exam, making it one of the largest scholarship tests in the country. Many of AESL’s current toppers began their academic journey with ANTHE. Notably, this year 22 out of Top 100 in NEET and 10 out of Top 100 in JEE Advanced 2025 started their journey through ANTHE. 


The examination will be conducted both online and offline, ensuring flexibility and reach for students across India. The online mode of ANTHE 2025 will be available from October 4 to 12, 2025, during which students can take the test at their convenience by selecting a one-hour slot. The offline exam will be conducted on 5th and 12th October2025, at over 415 Aakash centres located in 26 states and union territories. 


Registrations for ANTHE 2025 are now open. Students can register online at https://anthe.aakash.ac.in/home or visit their nearest Aakash centre. The examination fee is ₹300 for both online and offline modes. A flat 50% discount is available for those who apply early. The last date to submit the application form is three days prior to the chosen online exam date and seven days before the selected offline exam date. Admit cards will be issued five days before the respective exam dates.


The results of ANTHE 2025 will be announced in phases. Results for Class X students will be declared on October 24, 2025, while results for Classes VII to IX will be declared on October 29, 2025. Result of Class V & VI will be declared on November 1st 2025. Results for Classes XI and XII will be announced on November 4, 2025. All results will be available on the official ANTHE website.

 

ANTHE will be a one-hour test comprising 40 multiple-choice questions based on the grade and stream aspirations of students. For Class V-IX students, the questions will cover subjects such as Physics, Chemistry, Biology, Mathematics and Mental Ability. For Class X students aspiring for medical education, the questions will cover Physics, Chemistry, Biology and Mental Ability, while for engineering aspirants of the same class, the questions will cover Physics, Chemistry, Mathematics and Mental Ability. Similarly, for Class XI-XII students who aim for NEET, questions will cover Physics, Chemistry, Botany and Zoology, while for engineering aspirants they will cover Physics, Chemistry and Mathematics. 


Aakash Educational Services Limited (AESL) is redefining test preparation with two powerful initiatives: Aakash Digital 2.0 and Aakash Invictus. Aakash Digital 2.0 is a unified, AI-powered learning platform that brings all AESL offerings online, delivering personalized, affordable, and high-impact coaching for NEET, JEE, and Olympiads. Complementing this is Aakash Invictus, a first-of-its-kind, elite JEE Advanced program designed for India’s brightest engineering aspirants. With small batches, top 500 JEE faculty, AI-driven insights, exclusive content, and a rigorous revision and testing module, Invictus offers precision-focused, phygital learning tailored for students targeting top IIT ranks or global engineering institutes.


About Aakash Educational Services Limited (AESL)


Aakash Educational Services Limited (AESL) is India’s leading test preparatory company that specializes in providing comprehensive and effective preparation services for students preparing for high stakes Medical (NEET) and Engineering entrance examinations (JEE) and competitive exams such as NTSE and Olympiads.


AESL has a pan India network of over 415 centres with over 400,000+ currently enrolled students and has established an unassailable market position and brand value over the last 37 years. It is committed to providing the highest quality test preparation services to unlock students’ true potential and achieve success in their academic endeavours.


AESL takes a student-centric approach to test preparation, recognizing that every student is unique and has individual needs. It has a team of highly qualified and experienced instructors who are passionate about helping students achieve their dreams. The company’s programmes are designed to be flexible and its teaching methodologies are backed by the latest technologies to ensure that students are well-prepared for their exams.


www.aakash.ac.in