SRK, Amitabh Bachchan Backed Shri Lotus IPO is Here! Do You Want to Apply for Star Studded IPO? Details Here

Sri Lotus Developers & Realty Ltd., a Mumbai-based real estate company backed by Bollywood superstars Shah Rukh Khan and Amitabh Bachchan, is launching its Rs 792 crore initial public offering (IPO) this week. Investrs who want to apply this IPO can plan their strategy.

Along with several Bollywood stars, this IPO is also backed by Ashish Kacholia, one of India's well-known equity investors. Known for his sharp market sense and investments in high-growth companies, who has made a strategic investment of Rs 50 crore.

Sri Lotus Developers IPO Details:

Sri Lotus Developers is launching an IPO worth Rs 792 crore, which will consist entirely of a fresh issue of 5.28 crore shares. The price range for the shares is set between Rs 140 and Rs 150. A discount of Rs 14 per equity share is being offered to eligible employees bidding in the employee reservation portion of the IPO.

Sri Lotus Developers has set its IPO price at Rs 140-Rs 150, the same as its earlier private round, which included Bollywood celebrities like Amitabh Bachchan to keep it fair for new investors, according to moneycontrol.com.

The IPO will open for public subscription on Wednesday, July 30, and close on Friday, August 1. Shares are expected to be allotted on Monday, August 4, with listing on both the BSE and NSE scheduled for Wednesday, August 6.

The price band for the IPO is set between Rs 140 to Rs 150 per share, with a minimum investment of Rs 14,000 for retail investors (1 lot = 100 shares). For larger investors, small non-institutional investors (sNII) need to invest in at least 14 lots (Rs 2.1 lakh), while big non-institutional investors (bNII) must buy 67 lots (Rs 10.05 lakh).

Motilal Oswal Investment Advisors and Monarch Networth Capital are the main managers of the IPO, while Kfin Technologies is handling the share registration process.

Glamorous Backing from Bollywood:

In December 2024, Sri Lotus Developers raised Rs 400 crore in a private funding round by selling shares at Rs 150 each. Several Bollywood stars took part in this investment.

The Shah Rukh Khan Family Trust invested Rs 10.1 crore, while Amitabh Bachchan put in Rs 10 crore. Hrithik Roshan invested Rs 1 crore, and other celebrities like Ektaa Kapoor, Jeetendra, Tusshar Kapoor, Rakesh Roshan, Tiger Shroff, Manoj Bajpayee, and Sajid Nadiadwala also bought smaller stakes.

This strong celebrity interest is linked to the company's promoter, Anand Pandit, a well-known film producer who has worked with many of these stars.

Sri Lotus Developers IPO GMP:

The IPO has generated excitement in the market, with a grey market premium (GMP) of Rs 32 over the issue price. If this trend continues, shares could list at around Rs 182, giving investors an estimated 21% gain on listing day.

With strong celebrity backing, solid real estate credentials, and positive grey market signals, the Sri Lotus Developers IPO is one of the most talked-about offerings in recent times.

Should you Apply?

Even after star studded and Ashish Kacholia's backing, Sri Lotus Developers IPO is witnessing a decent approach from broking firms.

Reviewing the IPO, Axis Securities has explained the strengths, weakness and achievements. However, it stayed away from rating this IPO by acting neutral.

About the Company:

Sri Lotus Developers, founded in 2015, is a real estate company based in Mumbai. It specializes in ultra-luxury and luxury residential and commercial projects, mainly in the city's western suburbs. The company follows an asset-light model, focusing on redevelopment and joint development projects.

As of June 30, 2025, it has completed 4 projects covering 0.93 million square feet, has 5 ongoing projects with 0.80 million square feet under development, and is planning 11 upcoming projects covering 4.98 million square feet.

The company is also expanding into south-central and eastern parts of Mumbai and is looking to develop more commercial spaces, especially in areas like Andheri West and Juhu.

Disclaimer
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