Shah Rukh Khan-backed Sri Lotus Developers and Realty IPO set to redefine Mumbai’s luxury real estate game with Rs. 792 cr issue : Bollywood News
In December 2024, Bollywood Hungama reported that Shah Rukh Khan Family Trust, Amicitabh Bachchan bought actions of a value of Rs. 10 Broan in the IPO of Lotus developers of Anand Pandit. As for Hrithik Roshan, he bought 70,000 shares for approximately Rs. 1 crore. Meanwhile, Sara Ali Khan, Ektaa Kapoor, Tiger Shroff and Rajkummar Rao also bought small participations in the company. Now it has been revealed that the developers and Realty from Sri Lotus received the final approval of SEBI for its RS 792 public number, all via fresh actions – no offer for sale.
The developers Sri Lotus Sri Rukh Khan and the IPO are ready to redefine the luxury real estate game of Mumbai with RS. 792 CR number
Anand Pandit, who has developers Sri Lotus and Realty, has a long association with Bollywood Car many stars have commercial and residential spaces in the properties developed and managed by Lotus developers. He then became a producer and supported several films like Pyaar ka punchnama 2 (2015), Sarkar 3 (2017), Satyameva Jayate (2018), Baazar (2018), Batla house (2019), Dhamaal Total (2019), PM Narendra Modi (2019), The big bull (2021), Chehre (2021), Doctor G (2022), Thank God (2022), Kabzaa (2023), Swatterya Veer Savarkar (2024) etc.
According to an article by The Economic Times, the developers of Sri Lotus and Realty, known for having transformed the western suburbs of Mumbai with 2BHKS ultra-premium into sprawl pentals, are now entering the public market. Its IPO will feed ambitious real estate projects by virtue of its subsidiaries – Richfel, the projects of Hyan and Tryksha – including high -end developments like Amalfi, Arcadian and Varun.
The celebrity Sparkle began in December 2024 during a pre-time placement of Rs 400 crore, where the actions were issued at Rs 150 each. Shah Rukh Khan Family Trust seized 6.75 Lakh shares for Rs 10.1 crores, while Amitabh Bachchan has also invested Rs 10 Core. Hrithik Roshan, Ajay Devgn, Ektaa Kapoor, Sara Ali Khan, Tiger Shroff and Rajkummar Rao joined the range of star investors. The veteran investor Ashish Kacholia conducted the pack with an participation of RS 50 crores, acquiring more than 33 Lakh shares.
Sri Lotus has made a name for joint and redevelopment companies, targeting ambitious owners in the RS 3-7 driving medium and luxury buyers in search of houses more believes of Rs. According to the history of the Economic Times, in FY24, the income of the company increased by almost 177% to RS 461.57 crore, against Rs 166.87 23. The net profit soaped out of six to Rs 119.81 crore. In the first half of fiscal year 25, Sri Lotus has already recorded Rs 243.42 Rotating with Rs 90.63 Brooding profits.
With glamor, growth and sparkling figures, this IPO supported by Shah Rukh Khan is not only a real estate game – it is a deployment of red carpet for investors who envisage the luxury segment booming of Mumbai.
Read also: Shah Rukh Khan Starrer King starts tomorrow? Siddharth Anand drops a cryptic index before Suhana Khan’s birthday
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