by Suman Gupta
Sri Lotus Developers & Realty Limited Opens on Wednesday, July 30, 2025 and Closes on Friday, August 1, 2025.
MUMBAI, 24 JULY, 2025 : Sri Lotus Developers & Realty Limited (LOTUS DEVELOPERS) IPO is a book-built issue amounting to Rs 792 crore. It is entirely a fresh issue, meaning all the proceeds will go to the company. The subscription for the IPO will open on July 30, 2025, and close on August 1, 2025.
The allotment is expected to be finalised on August 4, 2025, and the shares are likely to be listed on both BSE and NSE on August 6, 2025. The price band is to be announced. The equity shares were allotted in 2024 at a price of Rs 150 apiece. Before filing its Draft Red Herring Prospectus (DRHP) in December 2024, Sri Lotus Developers raised Rs 399.20 crore through a private placement to 118 individuals and entities. That round also saw participation from other celebrities such as Ektaa Ravi Kapoor, her brother Tusshar Kapoor, and their father Jeetendra.
Sri Lotus Developers and Realty Limited, a real estate company backed by Bollywood stars Shah Rukh Khan and Amitabh Bachchan, is set to enter the primary market with its initial public offering (IPO) worth Rs 792 crore.
Both SRK and Big B have reportedly invested Rs 10.1 crore and Rs 10 crore, respectively, in the company, which is promoted by real estate developer and film producer Anand Pandit.Other celebrities, including Hrithik Roshan, Ajay Devgn, Ektaa Kapoor, Sara Ali Khan, Tiger Shroff, and Rajkummar Rao have also invested in the firm. Their involvement has drawn attention to the IPO, making it one of the most talked-about public issues this season.The Shah Rukh Khan Family Trust holds 6,75,000 shares, investing Rs 10.1 crore, while Amitabh Bachchan acquired 666,670 shares at a cost of Rs 10 crore during the private placement, according to the Red Herring Prospectus (RHP) filed by the company. Meanwhile, Hrithik Rakesh Roshan and his father Rakesh Roshan hold 70,000 shares each.Kacholia acquired 3,333,300 equity shares for nearly Rs 50 crore.Other marquee investors like Jagdish Master and DRChoksey Finserv have also backed the company.
The company is promoted by Anand Kamalnayan Pandit, Roopa Anand Pandit, and Ashka Anand Pandit. Incorporated in February 2015, Sri Lotus Developers specialises in redevelopment projects, mainly in the ultra-luxury and luxury segments across Mumbai’s western suburbs.
The company focuses on both residential and commercial properties. As of June 30, 2025, it had a total developable area of 0.93 million square feet across various projects.According to the RHP, the company plans to use Rs 550 crore from the IPO proceeds to invest in three of its subsidiaries—Richfeel Real Estate Private Limited, Dhyan Projects Private Limited, and Tryksha Real Estate Private Limited.
These funds will partly support the construction and development costs of three ongoing projects: Amalfi, The Arcadian, and Varun. The remaining funds will be used for general corporate purposes.
Incorporated in February 2015, Sri Lotus Developers and Realty Limited develops residential and commercial properties in Mumbai, Maharashtra, focusing on redevelopment projects in the ultra-luxury and luxury segments of the western suburbs.As of June 30, 2025, the company had a developable area of 0.93 million square feet, covering both residential and commercial projects.
Motilal Oswal Investment Advisors Limited is acting as the book-running lead manager, while Kfin Technologies Limited is the registrar for the issue.
