Latest news with #SriLotus
Mint
8 hours ago
- Business
- Mint
Sri Lotus Developers IPO opens tomorrow: GMP, issue details, 10 key things to know
Sri Lotus Developers IPO opens for subscription on tomorrow (Wednesday, July 30). Sri Lotus Developers, based in Mumbai, specializes in real estate, particularly focusing on the redevelopment of high-end residential and commercial properties within the luxury and ultra-luxury segments of Mumbai's western suburbs. As of June 30, 2025, the company has successfully completed a total developed area of 0.93 million square feet across both residential and commercial projects. According to the red herring prospectus (RHP), Arkade Developers Ltd has a P/E ratio of 22.03, Keystone Realtors Ltd has a P/E of 48.18, Suraj Estate Developers Ltd has a P/E of 14.91, Sunteck Realty Ltd's P/E stands at 43.26, Mahindra Lifespaces Ltd has a P/E of 91.43, and Hubtown Ltd has a P/E of 68.20. In the 2025 financial year, Sri Lotus Developers achieved a revenue of ₹ 549.68 crore, up from ₹ 461.58 crore the previous year. The net profit surged to ₹ 227.89 crore, an increase from ₹ 119.81 crore in the prior year. As of FY25, the company reported total debt of ₹ 122.13 crore. Sri Lotus Developers and Realty features an impressive group of pre-IPO investors, including cinema icons like Shah Rukh Khan, Amitabh Bachchan, and notable investor Ashish Kacholia. The company's initial public offering (IPO) is planned with a price range of ₹ 140-150 per share, aligning with the price from its private placement in November 2024 when it raised ₹ 400 crore. During that funding round, shares were issued at ₹ 150 each to 118 investors, consistent with the upper end of the IPO price band. Sri Lotus Developers IPO date: Sri Lotus IPO opens for subscription on Wednesday, July 30, and closes on Friday, August 1. Sri Lotus Developers IPO price band: Sri Lotus IPO price band has been fixed in the range of ₹ 140 to ₹ 150 per equity share of face value of Re 1. Sri Lotus Developers IPO lot size: Sri Lotus lot size is 100 equity shares and in multiples of 100 equity shares thereafter. Anchor investors:The allocation to anchor investors for Sri Lotus Developers IPO is scheduled to take place today (Tuesday, July 29). Sri Lotus Developers IPO details: Sri Lotus Developers IPO comprises solely of fresh issue, aiming to raise ₹ 792 crore. Sri Lotus Developers IPO objective: Of the total funds acquired, ₹ 550 crore will be allocated to its subsidiaries—Richfeel Real Estate Private Limited, Dhyan Projects Private Limited, and Tryksha Real Estate Private Limited—to partially cover the development and construction costs of ongoing projects: Amalfi, The Arcadian, and Varun, respectively. Sri Lotus Developers IPO listing date and allotment details: Tentatively, the allotment basis for shares of Sri Lotus Developers IPO is set to be determined on Monday, August 4. The company plans to process refunds on Tuesday, August 5, and on the same day, shares will be credited to the demat accounts of allottees after the refunds are completed. It is anticipated that Sri Lotus Developers' share price will debut on BSE and NSE on Wednesday, August 6. Lead Manager and Registrar of Sri Lotus Developers IPO: The primary managers for this offering are Monarch Networth Capital and Motilal Oswal Investment Advisors. Kfin Technologies Limited is the registrar for the issue. Sri Lotus Developers IPO reservation: Sri Lotus Developers IPO has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional Institutional Investors (NII), and not less than 35% of the offer is reserved for retail investors. Sri Lotus Developers IPO GMP today: Sri Lotus Developers IPO GMP today or grey market premium is +40. This indicates Sri Lotus Developers share price were trading at a premium of ₹ 40 in the grey market on Tuesday, according to Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Sri Lotus Developers share price was indicated at ₹ 190 apiece, which is 26.67% higher than the IPO price of ₹ 150. 'Grey market premium' indicates investors' readiness to pay more than the issue price. Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.
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Business Standard
5 days ago
- Business
- Business Standard
Lotus Developers IPO to open on July 30; price band set at Rs 140-150
Sri Lotus Developers and Realty's Rs 792-crore initial public offering (IPO) will open on Wednesday, July 30, with a fixed price band of Rs 140-150 per equity share. At the top end of the price band, the company is valued at Rs 7,331 crore. The IPO, which closes on August 1, is entirely a fresh issue with no offer for sale component. Sri Lotus develops residential and commercial premises in Mumbai, Maharashtra, focusing on redevelopment projects in the ultra-luxury (more than Rs 7 crore) and luxury (Rs 3-7 crore) segments, particularly across the western suburbs under the 'Lotus Developers' brand. The company aims to use the net proceeds of the issue to invest in its subsidiaries for part-funding development and construction costs of its ongoing projects and general corporate purposes. The company's promoters are Anand Pandit, a film producer; Roopa Anand Pandit; and Ashka Anand Pandit. The company was founded by Anand Pandit, and its investors include actors like Amitabh Bachchan, Shah Rukh Khan, and Hrithik Roshan. In December 2024, the company raised about Rs 407.6 crore through a private placement. Bachchan and Khan had subscribed to shares worth Rs 10 crore each. The company's other investors are Ashish Kacholia, Ekta Kapoor, Tusshar Kapoor, Jeetendra, Tiger Shroff, Rakesh Roshan, Sajid Nadiadwala, and Manoj Bajpayee. Sri Lotus' revenue from operations increased by 19.09 per cent year-on-year (YoY) to Rs 549.68 crore in the financial year 2025 (FY25), primarily due to an increase in sales of projects and sales of services. Profit after tax increased by 90.21 per cent YoY to Rs 227.89 crore in FY25. As of June 30, 2025, the company has completed a developable area of 0.93 million square feet (msf), consisting of both residential and commercial properties. The company has completed four projects and has five ongoing projects and 11 upcoming projects.
Economic Times
5 days ago
- Business
- Economic Times
Sri Lotus IPO: No gains yet for Shah Rukh, Amitabh Bachchan and Ashish Kacholia as issue price matches buying price
Sri Lotus IPO opens July 30 at ₹150, same as 2024 private placement price paid by Bollywood stars and investor Ashish Kacholia. Bollywood celebrities and investor Ashish Kacholia await returns on their pre-IPO investments in Sri Lotus Developers, as the IPO opens at the same price as the 2024 private placement. The firm plans to raise ₹792 crore through the offering. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Bollywood icons Shah Rukh Khan, Amitabh Bachchan, the Roshan family, and veteran investor Ashish Kacholia are yet to make gains from their investments in Sri Lotus Developers, whose initial public offering (IPO) will open on Wednesday, July 30, company has set the IPO price band at Rs 140 - Rs 150 per equity share, which is the same as the price at which Sri Lotus allotted shares to the 118 investors, including the Bollywood stalwarts and equity shares were allotted in 2024 at a price of Rs 150 apiece on a private placement Shah Rukh Khan Family Trust holds 675,000 shares investing Rs 10.1 crore while Amitabh Bachchan bought 666,670 shares at a cost of Rs 10 crore at the time of the private placement according to the Red Herring Prospectus (RHP) filed by the company. Meanwhile, Hrithik Rakesh Roshan and father Rakesh Roshan hold 70,000 shares each in the had to shell out nearly Rs 50 for 3,333,300 equity Sri Lotus Developers IPO will close for subscription on August Lotus Developers raised Rs 399.20 crore through a private placement to 118 individuals and entities before filing its Draft Red Herring Prospectus (DRHP) in December 2024. The December round also attracted other celebrities like Ektaa Ravi Kapoor, her brother Tusshar Kapoor and their father to the Red Herring Prospectus, King Khan invested Rs 1.01 crore, while Amitabh Bachchan invested Rs 1 crore, both at Rs 150 per share during the private placement company drew significant interest from Bollywood because its promoter, Anand Kamalnayan Pandit, is also a prominent film producer and marquee investors like Jagdish Master and DRChoksey Finserv have also invested in the the IPO, which is a book building issue, Sri Lotus Developers plans to raise 792 in February 2015, Sri Lotus Developers and Realty Limited is a developer of residential and commercial properties located in Mumbai, Maharashtra, specializing in redevelopment projects within the ultra-luxury and luxury segments of the western of June 30, 2025, the company held a developable area of 0.93 million square feet, encompassing residential and commercial properties. As of June 30, 2025, the company has 4 Completed Projects, 5 Ongoing Projects and 11 Upcoming Projects. Monarch Networth Capital Limited , and Motilal Oswal Investment Advisors Limited are the book-running lead managers, and KFin Technologies Limited is the registrar of the issue.
Time of India
5 days ago
- Business
- Time of India
Sri Lotus IPO: No gains yet for Shah Rukh, Amitabh Bachchan and Ashish Kacholia as issue price matches buying price
Bollywood icons Shah Rukh Khan, Amitabh Bachchan, the Roshan family, and veteran investor Ashish Kacholia are yet to make gains from their investments in Sri Lotus Developers, whose initial public offering (IPO) will open on Wednesday, July 30, 2025. The company has set the IPO price band at Rs 140 - Rs 150 per equity share, which is the same as the price at which Sri Lotus allotted shares to the 118 investors, including the Bollywood stalwarts and Kacholia. Explore courses from Top Institutes in Please select course: Select a Course Category Finance Cybersecurity Product Management Design Thinking Technology Project Management CXO Artificial Intelligence Data Analytics MBA others Others MCA Operations Management Data Science Data Science PGDM Public Policy Healthcare healthcare Leadership Management Degree Digital Marketing Skills you'll gain: Duration: 9 Months IIM Calcutta SEPO - IIMC CFO India Starts on undefined Get Details Skills you'll gain: Duration: 7 Months S P Jain Institute of Management and Research CERT-SPJIMR Fintech & Blockchain India Starts on undefined Get Details The equity shares were allotted in 2024 at a price of Rs 150 apiece on a private placement basis. The Shah Rukh Khan Family Trust holds 675,000 shares investing Rs 10.1 crore while Amitabh Bachchan bought 666,670 shares at a cost of Rs 10 crore at the time of the private placement according to the Red Herring Prospectus (RHP) filed by the company. Meanwhile, Hrithik Rakesh Roshan and father Rakesh Roshan hold 70,000 shares each in the company. Kacholia had to shell out nearly Rs 50 for 3,333,300 equity shares. The Sri Lotus Developers IPO will close for subscription on August 1. Sri Lotus Developers raised Rs 399.20 crore through a private placement to 118 individuals and entities before filing its Draft Red Herring Prospectus (DRHP) in December 2024. The December round also attracted other celebrities like Ektaa Ravi Kapoor, her brother Tusshar Kapoor and their father Jeetendra. According to the Red Herring Prospectus, King Khan invested Rs 1.01 crore, while Amitabh Bachchan invested Rs 1 crore, both at Rs 150 per share during the private placement round. The company drew significant interest from Bollywood because its promoter, Anand Kamalnayan Pandit, is also a prominent film producer and distributor. Other marquee investors like Jagdish Master and DRChoksey Finserv have also invested in the company. Through the IPO, which is a book building issue, Sri Lotus Developers plans to raise 792 crores. Incorporated in February 2015, Sri Lotus Developers and Realty Limited is a developer of residential and commercial properties located in Mumbai, Maharashtra, specializing in redevelopment projects within the ultra-luxury and luxury segments of the western suburbs. As of June 30, 2025, the company held a developable area of 0.93 million square feet, encompassing residential and commercial properties. As of June 30, 2025, the company has 4 Completed Projects, 5 Ongoing Projects and 11 Upcoming Projects. Monarch Networth Capital Limited , and Motilal Oswal Investment Advisors Limited are the book-running lead managers, and KFin Technologies Limited is the registrar of the issue.
