Latest news with #SriLotusDevelopersandRealty
Mint
5 hours ago
- Business
- Mint
Sri Lotus Developers IPO: How much bollywood stars, ace investor Ashish Kacholia will earn?
The Sri Lotus Developers and Realty IPO, set to launch on Wednesday, July 30, has issued equity shares through a private placement to several Bollywood stars. Notable figures include Shah Rukh Khan, Amitabh Bachchan, the Roshan family, and seasoned investor Ashish Kacholia. In 2024, shares were issued at a price of ₹ 150 each. All of these investors have yet to see any returns. The company's IPO is priced between ₹ 140-150 per share, which aligns with the price from its November 2024 private placement round when it raised ₹ 400 crore. At that time, shares were offered at ₹ 150 each to 118 investors—exactly matching the upper limit of the Sri Lotus Developers IPO price band. The Shah Rukh Khan Family Trust has taken 6,75,000 shares for an investment of ₹ 10.1 crore, while Amitabh Bachchan purchased 666,670 shares for ₹ 10 crore during the private placement, as detailed in the Red Herring Prospectus (RHP) submitted by the company. Additionally, both Hrithik Rakesh Roshan and his father Rakesh Roshan hold 70,000 shares each. Kacholia secured 3,333,300 equity shares for an investment of approximately ₹ 50 crore. Prior to submitting its Draft Red Herring Prospectus (DRHP) in December 2024, Sri Lotus Developers gathered ₹ 399.20 crore via a private placement to 118 individual and institutional investors. This funding round also included participation from other notable figures such as Ektaa Ravi Kapoor, her brother Tusshar Kapoor, and their father Jeetendra. Other film industry names like Tiger Shroff ( ₹ 50 lakh), Jeetendra (Ravi Kapoor), Tusshar Kapoor, Sajid Nadiadwala, and Manoj Bajpayee have made investments ranging from ₹ 10 lakh to ₹ 1 crore. The company garnered considerable interest from Bollywood largely due to its promoter, Anand Kamalnayan Pandit, a recognised film producer and distributor. Additionally, other prominent investors like Jagdish Master and DRChoksey Finserv have also supported the company. Sri Lotus Developers IPO is solely composed of a new issue, aiming to raise ₹ 792 crore. Of the total funds raised, ₹ 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. The lead managers for this issue are Monarch Networth Capital and Motilal Oswal Investment Advisors. Sri Lotus Developers IPO GMP is +34 . This indicates Sri Lotus Developers share price were trading at a premium of ₹ 34 in the grey market, 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 ₹ 184 apiece, which is 22.67% 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.
Time of India
6 hours ago
- Business
- Time of India
Sri Lotus Developers and Realty IPO to open on July 30. Check GMP, price band, and other key details
The initial public offering (IPO) of Sri Lotus Developers and Realty will open for subscription on Wednesday, July 30, and close on August 1. In the grey market, the company's shares are trading at a premium of Rs 32 over the upper price band of Rs 150, indicating a potential listing gain of 21%, with an expected price of Rs 182. Explore courses from Top Institutes in Please select course: Select a Course Category Degree Operations Management MBA PGDM Digital Marketing Healthcare Product Management healthcare Leadership Finance Project Management Public Policy Others CXO Technology Management others Data Science Data Science Skills you'll gain: Data-Driven Decision-Making Strategic Leadership and Transformation Global Business Acumen Comprehensive Business Expertise Duration: 2 Years University of Western Australia UWA Global MBA Starts on Jun 28, 2024 Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo Sri Lotus Developers and Realty IPO GMP Cools from Earlier Highs However, the grey market premium (GMP) has cooled from Rs 51 earlier, as market participants had expected a higher issue price. Notably, the company had allotted shares at Rs 150 apiece during a private placement in 2024 to 118 individuals, including several Bollywood celebrities and high-profile investors. According to the Red Herring Prospectus (RHP), the Shah Rukh Khan Family Trust invested Rs 10.1 crore for 6.75 lakh shares, while Amitabh Bachchan acquired 6.66 lakh shares for Rs 10 crore. Hrithik Roshan and his father Rakesh Roshan hold 70,000 shares each. Veteran investor Ashish Kacholia subscribed to 33.33 lakh shares, reportedly investing close to Rs 50 crore. Live Events In total, the company raised Rs 399.2 crore through this private placement round before filing its DRHP in December 2024. Other investors included Ektaa Kapoor, Tusshar Kapoor, Jeetendra, Jagdish Master, and DRChoksey Finserv. Sri Lotus Developers and Realty IPO Fund Use The upcoming IPO is a book-building issue through which the company plans to raise Rs 792 crore. The entire proceeds are expected to support future development and expansion. Company Overview Founded in February 2015, Sri Lotus Developers and Realty is a Mumbai-based real estate company focused on redevelopment projects in the ultra-luxury and luxury segments across the city's western suburbs. As of June 30, 2025, the firm has a developable area of 0.93 million sq. ft., spanning both residential and commercial properties. The company is promoted by Anand Kamalnayan Pandit, a well-known film producer and distributor, which has helped attract interest from marquee investors and entertainment industry names. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Economic Times
2 days ago
- Business
- Economic Times
Sri Lotus Developers IPO's latest GMP shows stock listing at 21% premium. Check details
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Sri Lotus Developers and Realty, which is set to launch its IPO next Wednesday, is commanding a grey market premium of Rs 32 over the upper band of issue price of Rs 150. If the GMP holds, the stock could be listed at Rs 182 which is a 21% listing GMP is however down from Rs 51 recorded ahead of the price band announcement as the Street expected the issue price to be above Rs 150, the price at which the realtor had allotted equity shares on a private placement basis to 118 individual investors that included Bollywood icons Shah Rukh Khan, Amitabh Bachchan, the Roshan family, and veteran investor Ashish equity shares were allotted in 2024 at a price of Rs 150 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.
Time of India
2 days ago
- Business
- Time of India
Sri Lotus Developers IPO's latest GMP shows stock listing at 21% premium. Check details
Sri Lotus Developers and Realty, which is set to launch its IPO next Wednesday, is commanding a grey market premium of Rs 32 over the upper band of issue price of Rs 150. If the GMP holds, the stock could be listed at Rs 182 which is a 21% listing gain. The GMP is however down from Rs 51 recorded ahead of the price band announcement as the Street expected the issue price to be above Rs 150, the price at which the realtor had allotted equity shares on a private placement basis to 118 individual investors that included Bollywood icons Shah Rukh Khan, Amitabh Bachchan, the Roshan family, and veteran investor Ashish Kacholia. Explore courses from Top Institutes in Please select course: Select a Course Category Finance Others others Leadership healthcare Project Management Public Policy Design Thinking Data Science Data Analytics Healthcare Management Operations Management Product Management CXO MCA Degree Cybersecurity Data Science PGDM Technology MBA Artificial Intelligence 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 by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play this game for 1 minute and see why everyone is addicted. Undo 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 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. Live Events 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. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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Business Standard
4 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.
