Sri Lotus Developers IPO: Bollywood Stars and Top Investors Bet on Mumbai Real Estate
Sri Lotus Developers and Realty Limited, a prominent real estate developer in Mumbai, is set to launch its IPO, attracting significant investments from Bollywood icons like Shah Rukh Khan, Amitabh Bachchan, and veteran investor Ashish Kacholia.
Sri Lotus DevelopersIpoMumbai Real EstateBollywood InvestmentsAshish KacholiaReal Estate MumbaiJul 23, 2025
The equity shares were allotted in 2024 at a price of Rs 150 apiece. The Shah Rukh Khan Family Trust holds 675,000 shares, investing Rs 10.1 crore, while Amitabh Bachchan acquired 666,670 shares at a cost of Rs 10 crore during the private placement, as detailed in the Red Herring Prospectus (RHP) filed by the company. Hrithik Rakesh Roshan and his father Rakesh Roshan each hold 70,000 shares. Ashish Kacholia acquired 3,333,300 equity shares for nearly Rs 50 crore.
The Sri Lotus Developers IPO will close for subscription on August 1. Prior to filing its Draft Red Herring Prospectus (DRHP) in December 2024, the company raised Rs 399.20 crore through a private placement to 118 individuals and entities. This round also saw participation from other celebrities such as Ektaa Ravi Kapoor, her brother Tusshar Kapoor, and their father Jeetendra.
Anand Kamalnayan Pandit, the promoter of Sri Lotus Developers, is a well-known film producer and distributor, which has helped the company attract significant Bollywood interest. Other marquee investors like Jagdish Master and DRChoksey Finserv have also backed the company.
Through this book-built IPO, Sri Lotus Developers aims to raise Rs 792 crore. The company, incorporated in February 2015, focuses on developing residential and commercial properties in Mumbai, Maharashtra, with a particular emphasis on redevelopment projects in the ultra-luxury and luxury segments of the western suburbs.
As of June 30, 2025, Sri Lotus Developers had a developable area of 0.93 million square feet, encompassing both residential and commercial projects. This robust portfolio and strategic focus on high-end properties in Mumbai position the company for significant growth and investor interest.
(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Frequently Asked Questions
What is the price per share for the Sri Lotus Developers IPO?
The equity shares for the Sri Lotus Developers IPO were allotted at a price of Rs 150 apiece.
Who are the notable investors in the Sri Lotus Developers IPO?
Notable investors include Shah Rukh Khan, Amitabh Bachchan, the Roshan family, and Ashish Kacholia.
When will the Sri Lotus Developers IPO close for subscription?
The Sri Lotus Developers IPO will close for subscription on August 1.
How much developable area does Sri Lotus Developers have?
As of June 30, 2025, Sri Lotus Developers had a developable area of 0.93 million square feet.
What segments of the real estate market does Sri Lotus Developers focus on?
Sri Lotus Developers focuses on redevelopment projects in the ultra-luxury and luxury segments of the western suburbs in Mumbai.
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