Sri Lotus Developers and Realty Ltd has announced that promoter Anand Kamalnayan Pandit will sell 2.37 crore shares through an Offer for Sale (OFS) on stock exchanges. According to the company's regulatory filing, the shares represent 4.87% of the total paid-up capital and are scheduled for sale on November 3-4, 2026. The floor price for the OFS has been set at ₹240 per share, while the company's shares closed at ₹245.90 on Monday. The OFSE includes an oversubscription option covering an additional 50 lakh shares (1.02%) to meet non-retail demand if it exceeds the base offer. The base offer size comprises 2,37,95,818 equity shares with Monarch Networth Capital Limited serving as the broker.
The OFSE is being conducted to meet the minimum public shareholding requirement of 75% as mandated by SEBI regulations. As reported by The Economic Times, currently, promoters hold a 79.87% stake in the company, which is above the regulatory threshold. SEBI granted an exemption from the standard 12-week cooling-off period on October 19, 2026, permitting this OFS to proceed following an open market sale of 97.7 lakh shares on September 10, 2026. The transaction aims to achieve the minimum public shareholding (MPS) requirements prescribed under Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957. Retail investors can participate exclusively on T+1 day, Wednesday, November 4, 2026, with a maximum bid value of ₹2 lakh.
Mumbai-based Sri Lotus Developers is recognized as one of the leading realty firms in the country. The company operates in the real estate development sector and is headquartered in Mumbai, making it a significant player in India's property development market. Its equity shares carry a face value of ₹1 each and are listed on both BSE and National Stock Exchange of India with ISIN INE0V9Q01010. The combined effect of the September open market sale and this OFS would reduce promoter holding by approximately 5.89% of total paid-up capital. The absence of a retail discount suggests the promoter is seeking parity between institutional and retail pricing, potentially indicating confidence in demand at the ₹240 floor level despite the significant volume overhang.
The OFS follows a structured two-day bidding mechanism with non-retail investors bidding on Tuesday, November 3, 2026 (T day) and retail investors and carry-forward bids processed on Wednesday, November 4, 2026 (T+1 day). Trading hours are 9:15 am to 3:30 pm IST on both days. The seller reserves the right to cancel the offer if sufficient demand is not received at or above the floor price. Historical stock performance shows the company's shares have delivered +73.30% returns over 5 years, +34.95% over 6 months, and +26.76% over 1 year, with recent gains of +9.99% in 5 days and +10.47% in 1 month. The cumulative share disposal by the promoter highlights a structured approach to regulatory compliance, with the promoter offloading nearly 6.87% of total equity within a two-month span through both open market sales and this proposed OFS.
