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Business Standard
8 hours ago
- Business
- Business Standard
Kacholia, SRK-backed Sri Lotus IPO sets price band: All you should know
Shri Lotus Developers IPO: Shri Lotus Developers and Realty, a real estate developer backed by several Bollywood celebrities and ace investor Ashish Kacholia, has set the price band of its maiden public issue in the range of ₹140 to ₹150 per equity share. The company aims to raise ₹792 crore through a fresh issue of 52.8 million equity shares. There is no offer for sale (OFS) component. The lot size for an application is 100. Accordingly, a retail investor would require a minimum investment amount of ₹15,000 to bid for one lot or 100 shares. According to the red herring prospectus (RHP), the company has reserved not more than 50 per cent of the issue for qualified institutional buyers (QIBs), 35 per cent for retail investors and 15 per cent for non-institutional investors (NIIs). Kfintech Technologies is the registrar for the issue. Monarch Networth Capital and Motilal Oswal Investment Advisors are the book-running lead managers. According to the RHP, the issue will open for subscription on Wednesday, July 30, 2025, and close on Friday, August 1, 2025. The anchor investor period shall be one day prior to the opening date, i.e. Tuesday, July 29, 2025. The basis of allotment of shares is likely to be finalised on Monday, August 4, 2025. The stock will be listed on the National Stock Exchange (NSE) and BSE, tentatively on Wednesday, August 6, 2025. The company plans to use ₹550 crore from the net issue proceeds for investment in subsidiaries Richfeel Real Estate, Dhyan Projects and Tryksha Real Estate for part-funding development and construction costs of ongoing projects like Amalfi, The Arcadian and Varun, respectively. The remaining funds will be used for general corporate purposes. The company is backed by several Bollywood celebrities, including Shah Rukh Khan, Amitabh Bachchan, Hritik Roshan, Tiger Jackie Shroff, Manoj Vajpayee, and more are also part of the shareholders list of the company, as shown in the RHP. In December 2024, the company raised around ₹400 crore through a private placement of 26.61 million shares at ₹150 per share. Investor Ashish Kacholia had also purchased 3.3 million shares for ₹50 crore. About Sri Lotus Developers Mumbai-based Sri Lotus Developers is involved in the development of residential and commercial premises, with a focus in redevelopment projects in the ultra luxury segment and luxury segment in the western suburbs. It is led by promoter Anand Kamalnayan Pandit. The company classifies its projects into three main categories, including Greenfield Projects, Redevelopment Projects and Joint Development Projects. It specialises in high-end developments, including 2BHK and 3BHK flats priced between Rs 3 crore and Rs 7 crore, as well as larger units and premium office spaces. In the fiscal 2024-25 (FY25), Sri Lotus reported a revenue from operations of ₹549.68 crore, up 19 per cent from ₹461.57 crore in the previous fiscal. The company's net profit increased 90 per cent to ₹227.8 crore in FY25 from ₹119.8 crore in FY24. It reported earnings before interest, tax, depreciation and amortisation (Ebitda) of ₹228.96 crore, up 82 per cent from ₹158.5 crore in the previous fiscal. Ebitda margins expanded from 34.35 per cent to 52.57 per cent in the same period.
Mint
9 hours ago
- Business
- Mint
Upcoming IPO: Sri Lotus Developers IPO opens on July 30; price band set at ₹140-150 apiece
Sri Lotus Developers IPO price band has been fixed in the range of ₹ 140 to ₹ 150 per equity share of the face value of Re 1. The Sri Lotus Developers IPO date of subscription is scheduled for Wednesday, July 30 and will close on Friday, August 1. The allocation to anchor investors for the Sri Lotus Developers IPO is scheduled to take place on Tuesday, July 29. The Sri Lotus Developers IPO lot size is 100 equity shares and in multiples of 100 equity shares thereafter. 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. Tentatively, Sri Lotus Developers IPO basis of allotment of shares will be finalised on Monday, August 4 and the company will initiate refunds on Tuesday, August 5 while the shares will be credited to the demat account of allottees on the same day following refund. Sri Lotus Developers share price is likely to be listed on BSE and NSE on Wednesday, August 6. Sri Lotus Developers IPO consists entirely of a new issue, with the goal of raising ₹ 792 crore. Out of the total amount raised, ₹ 550 crore will be directed toward its subsidiaries—Richfeel Real Estate Private Limited, Dhyan Projects Private Limited, and Tryksha Real Estate Private Limited—to partly finance the development and construction expenses of ongoing projects: Amalfi, The Arcadian, and Varun, respectively. The lead managers for the issue are Monarch Networth Capital and Motilal Oswal Investment Advisors. Sri Lotus Developers, located in Mumbai, is a real estate company that focuses on both residential and commercial property development, particularly in the realm of redevelopment projects targeting the ultra-luxury and luxury markets within Mumbai's western suburbs. As of June 30, 2025, the firm has successfully developed a cumulative area of 0.93 million square feet encompassing both residential and commercial initiatives. As per red herring prospectus (RHP), Arkade Developers Ltd (with a P/E of 22.03), Keystone Realtors Ltd (with a P/E of 48.18), Suraj Estate Developers Ltd (with a P/E of 14.91), Sunteck Realty Ltd (with a P/E 43.26), Mahindra Lifespaces Ltd (with a P/E of 91.43), and Hubtown Ltd (with a P/E of 68.20). In the financial year 2025, Sri Lotus Developers recorded a revenue of ₹ 549.68 crore, an increase from ₹ 461.58 crore in the prior year. The net profit skyrocketed to ₹ 227.89 crore, up from ₹ 119.81 crore the previous year. As of FY25, the company's total debt was reported at ₹ 122.13 crore. Sri Lotus Developers and Realty boasts a remarkable lineup of pre-IPO investors, featuring Bollywood legends such as Shah Rukh Khan, Amitabh Bachchan, and prominent investor Ashish Kacholia. The company's IPO is set with a price range of ₹ 140-150 per share, matching the price from its private placement round in November 2024 when it secured ₹ 400 crore. During that round, shares were allocated at ₹ 150 each to 118 investors, which is the same as the upper limit of the IPO price range.
Mint
11 hours ago
- Business
- Mint
Upcoming IPO: Sri Lotus Developers IPO opens on July 30; price band set at ₹140-150 apiece
Sri Lotus Developers IPO price band has been fixed in the range of ₹ 140 to ₹ 150 per equity share of the face value of Re 1. The Sri Lotus Developers IPO date of subscription is scheduled for Wednesday, July 30 and will close on Friday, August 1. The allocation to anchor investors for the Sri Lotus Developers IPO is scheduled to take place on Tuesday, July 29. The Sri Lotus Developers IPO lot size is 100 equity shares and in multiples of 100 equity shares thereafter. 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. Tentatively, Sri Lotus Developers IPO basis of allotment of shares will be finalised on Monday, August 4 and the company will initiate refunds on Tuesday, August 5 while the shares will be credited to the demat account of allottees on the same day following refund. Sri Lotus Developers share price is likely to be listed on BSE and NSE on Wednesday, August 6. Sri Lotus Developers IPO consists entirely of a new issue, with the goal of raising ₹ 792 crore. Out of the total amount raised, ₹ 550 crore will be directed toward its subsidiaries—Richfeel Real Estate Private Limited, Dhyan Projects Private Limited, and Tryksha Real Estate Private Limited—to partly finance the development and construction expenses of ongoing projects: Amalfi, The Arcadian, and Varun, respectively. The lead managers for the issue are Monarch Networth Capital and Motilal Oswal Investment Advisors.
India Today
a day ago
- Business
- India Today
SRK and Big B back this IPO: All you need to know about Sri Lotus Developers
Sri Lotus Developers and Realty Limited, a real estate company backed by Bollywood stars Shah Rukh Khan and Amitabh Bachchan, is set to enter the primary market with its initial public offering (IPO) worth Rs 792 SRK and Big B have reportedly invested Rs 10.1 crore and Rs 10 crore, respectively, in the company, which is promoted by real estate developer and film producer Anand to a report in The Economic Times, other celebrities, including Hrithik Roshan, Ajay Devgn, Ektaa Kapoor, Sara Ali Khan, Tiger Shroff, and Rajkummar Rao have also invested in the firm. Their involvement has drawn attention to the IPO, making it one of the most talked-about public issues this IPO of Sri Lotus Developers is a book-built issue amounting to Rs 792 crore. It is entirely a fresh issue, meaning all the proceeds will go to the company. The subscription for the IPO will open on July 30, 2025, and close on August 1, allotment is expected to be finalised on August 4, 2025, and the shares are likely to be listed on both BSE and NSE on August 6, 2025. The price band for the issue has not yet been Oswal Investment Advisors Limited is acting as the book-running lead manager, while Kfin Technologies Limited is the registrar for the company is promoted by Anand Kamalnayan Pandit, Roopa Anand Pandit, and Ashka Anand Pandit. Incorporated in February 2015, Sri Lotus Developers specialises in redevelopment projects, mainly in the ultra-luxury and luxury segments across Mumbai's western company focuses on both residential and commercial properties. As of June 30, 2025, it had a total developable area of 0.93 million square feet across various OF IPO PROCEEDSAccording to the draft papers, the company plans to use Rs 550 crore from the IPO proceeds to invest in three of its subsidiaries—Richfeel Real Estate Private Limited, Dhyan Projects Private Limited, and Tryksha Real Estate Private funds will partly support the construction and development costs of three ongoing projects: Amalfi, The Arcadian, and Varun. The remaining funds will be used for general corporate purposes.- Ends advertisement
NDTV
4 days ago
- Entertainment
- NDTV
Try These New Menus In Mumbai Restaurants In Monsoon 2025
Mumbai's restaurants are striking a balance between comfort and creativity with their latest menu launches this season. While some chefs are leaning into familiar flavours with fresh twists, others are creating entirely new dining experiences that surprise and engage. From menus that offer hearty, satisfying plates to those built around presentation and theatre, there's something to suit every kind of diner. Whether you're in the mood to try something bold or just want a reliable favourite done differently, these new offerings bring variety without losing warmth. Here's a round-up of the latest menus that are worth checking out: 1. CinCin, BKC CinCin has recently upgraded its menu to reflect a new approach that spans Italy's diverse culinary regions, expanding beyond its Amalfi roots. Led by Executive Chef Dayamani Singh, the latest offerings feature lip-smacking handmade pastas, wood-fired pizzas, Cicchetti options and much more. We had the opportunity to try some of them and discovered many delicious delights we would return for. We highly recommend the Crostini E Zucca, Milanese-Style Fried Chicken (Pollo), Achiughe e Nocciola, Finocchio Fritte, Tajarin al Tartufo (Piedmont), Gnocchi Alla Sorrentina, Napoli & Pepperonata pizzas, among others. Dessert ranges from soft and refreshing to fully indulgent - and we relished every bite of the Torta di Lampone, Crespelle and Cannolo. Guests can now also enjoy a fresh cocktail selection and an expanded wine program. The menu is designed for community-style dining, with larger sharing platters and a focus on unfussy, regionally rooted Italian flavours. What: New Menu at CinCin Where: Raheja Tower, G Block BKC, Bandra Kurla Complex, Bandra East, Mumbai 2. Amadeo by Oberoi, BKC Amadeo by Oberoi has revamped its menu to include bold new dishes creatively crafted with the freshest ingredients. The curation features Mediterranean small plates, artisanal pastas, robata grills, elevated Japanese fare and modern Indian signatures. We had the opportunity to taste some of the scrumptious new additions. We liked the Truffle Tadka Dahi Kebab, Truffle chicken sheekh kebab, the Chicken Lasagne and the Chilean sea bass. But three dishes stood out especially, and we are still thinking about them. The Biainco Buratta pizza with confit cherry tomatoes, rocket leaves and olive tapenade was a comforting and flavourful treat. We also loved the refreshing and refined layers of the Hamachi Usuzukuri, served with avocado tartare. For dessert, we indulged in Amadeo's new Chocolate Geode (a chocolate mousse creation with berry sorbet). It tasted so decadent, you can't immediately tell it's a gluten-free delicacy with no added sugar. 3. Toa 66, Churchgate Toa 66 has introduced a new tasting menu, celebrating new seasonal ingredients. Curated by Thai chefs Kanchit and Natanong Vongvichai, the menu is filled with delightful flavours and textures. The courses include delicious delicacies like Kway Tiew Pak Mo (rice noodle sheets filled with water chestnuts, served in a soy-based broth), Krathong Thong (pastry cups filled with sweet mango puree and seasonal vegetables), Popiya Khi Mao (a take on Thailand's "drunken noodles"), Watermelon Larb (as a palate cleanser), Northern Khao Soi (Bangkok's spicier version of a classic). What's for dessert? Visit and find out. What: New tasting menu at Toa 66 Where: Ground Floor, ADCB Rehman Manzil, 75, Veer Nariman Road, Churchgate, Mumbai. 4. Carnival By Tresind, Santacruz Carnival by Tresind has introduced the Carnival Experience Menu, a boundary-pushing take on modern Indian cuisine driven by theatrical storytelling and multisensory presentations. Conceptualised by Chef Sarfaraz Ahmed, the menu features dishes that blend nostalgia with innovation, such as pani puri semifreddo, Kala Khatta Burrata Salad (served tableside), Champaran Carnitas (veg and non-veg), Kanyakumari Crab Krapow, and Parmesan & Saffron Khichdi adorned with 24K gold. The Carnival Celebration Dessert wraps up the meal on a striking visual note. Each course doubles as a performance, inviting diners into a world where classic Indian flavours are transformed into memorable culinary experiences like never before. What: New Experience Menu at Carnival By Tresind Where: 7th Floor, Krishna Curve Building, Juhu Tara Road, opposite Juhu Garden, Hasmukh Nagar, Santacruz (West), Mumbai. 5. Gigi, Bandra Gigi, the famous Japanese and European restaurant in Bandra, has just unveiled a revamped menu. Crafted by Chef Beena, it aims to highlight ingredient-led luxury by combining European techniques and Japanese flavours. Guests can enjoy new delicacies like Seabass Pomelo Ceviche, Yuzu Kosho Prawns, Tortellini de Automne, Miso Glazed Celeriac Fondant, Portobello Steak, Shimo no Kare and Miso Truffle Udon. End your feast by digging into the decadent Noir Caramel. What: New menu additions at Gigi Where: 14th Road, Bandra West, Mumbai. 6. Ekaa, Fort Ekaa has launched a new tapas menu that reflects Chef Niyati Rao's distinctive culinary style. Expect a lineup of dishes that celebrate personal memories, carefully sourced ingredients and regional nuances. Guests will be treated to creations like Belly (cured and slow-cooked pork belly), Sassoon (a unique nod to Malwani coastal cuisine), Mac & Cheese (reimagined as delicate potato dumplings), Tomato Tomato (a carpaccio of six heirloom tomato varieties sourced from Pune), Embers (cured chicken thigh spiced with house-made basbaas) and Pudding (a warm corn pudding enriched with caramel and buttered corn dust). What: New Tapas Menu at Ekaa Where: 1st Floor, Kitab Mahal, D Sukhadwala Road, Azad Maidan, Fort, Mumbai. 7. Gallops, Mahalaxmi Gallops Cabanas has launched a seasonal high tea menu served in its air-conditioned outdoor cabanas overlooking the racecourse. The spread includes Avocado & Cheddar Croissant, Mini Vada Pav, Shrimp & Mayo Rolls, Cheese Straws, Hummus & Zucchini Sandwiches, Pakodas, Nankhatai, Palak Patta Chaat, Scotch Eggs, Quinoa Bhel, and a selection of desserts and teas. Three rotating menus are available. These seasonal special cabanas are a unique experience that allows guests to indulge in traditional Indian snacks with global cafe favourites in a scenic setting. What: Monsoon Specials at Gallops Cabanas Where: Gate no 1, Inside Mahalaxmi Racecourse, Via Keshavrao Khadye Marg, Royal Western India Turf Club, Mahalakshmi, Mumbai. 8. Mokai, Bandra Mokai in Bandra has introduced a monsoon menu inspired by Asian comfort food with local influences. The Travellers Monsoon Menu features dishes like the Massaman Pulled Shroom Croissant, Spicy Tofu Broth Bowl, and Samui's Chicken Curry Noodle Bowl. Guests can sip on innovative drinks such as Sparkling Watermelon Cooler, Walk on the Clouds Collagen Matcha, and Cereal Killer Almond Latte. Marine collagen is now available as an add-on. End your meal with Hot Chocolate French Toast and Strawberry Mochi. What: Monsoon Traveller's Menu at Mokai Where: Chapel Road, St Sebastian Colony, Ranwar, Bandra West, Mumbai 9. The Bigg Small Cafe + Bar, Lower Parel Lower Parel's Bigg Small Café + Bar has launched a monsoon menu focused on comfort and sharing plates. The lineup brings together elements of Asian and Indian street food with rainy-day appeal. Highlights include Mexican Corn Ribs, Truffle Mushroom Bao, Tandoori Chicken Momos, Chicken Pok Choy Dumplings, Crab Meat Soup, and Malaysian Hot Pot. There's also a range of woks, ramen, and donburi bowls to enjoy. Those with a sweet tooth must not miss the warm Skillet Cookie. What: Monsoon Menu at The Bigg Small Cafe + Bar Where: One International Centre, Tower 2, Lower Parel, Mumbai 10. Thai Naam, Andheri Thai Naam has debuted a new grill menu for monsoon. It focuses on a mix of delicious vegetarian, meat, and seafood dishes with a Thai twist. Options include grilled asparagus with yard beans, portobello mushrooms with cheese, soya garlic chicken, roasted duck with spinach, spicy lamb slices, and grilled liver with tomatoes and chilli. Seafood options include baked lobster with Thai herbs, grilled prawns, lemon basil fish, and orange-scented scallops. What: Monsoon-Themed Grill Menu at Thai Naam Where: 1st Floor, Bay 99 Campus, near JW Marriott Sahar, IA Project Road, Chhatrapati Shivaji International Airport, Andheri, Mumbai. 11. ITC Grand Central, Lower Parel Frederick's Lounge at ITC Grand Central is offering a seasonal high tea menu titled Monsoon Tea Tales. The spread includes Masala Chai, Onion and Potato Fritters, Khari Biscuits, Butter Toast, and Bun Maska. It's available daily between 12:00 pm and 6:00 pm, priced at Rs 999++ for two. The experience allows guests to relish classic Indian teatime snacks presented in a grand setting. What: Curated tea-time experience at ITC Grand Central Where: 287, Dr Babasaheb Ambedkar Marg, Parel, Mumbai 12. Nara Thai This monsoon, Nara Thai is inviting foodies to check out its new "Curry Shop" menu. Available until August 31, it explores Thai curry in various regional styles. Dishes include Tom Yum Seafood Curry Bowl, Massaman Pulled Lamb with Thai Roti, Chiang Mai Garden Curry Bowl, and Spicy Mock Meat with Thai Roti. Drinks include the Thai Green Curry Cocktail and Tom Yum Twist. It's a seasonal special that highlights curry as the heart of Thai comfort food. What: "Curry Shop" Monsoon Menu at Nara Thai Where: Across Nara Thai locations 13. The Bayview, Hotel Marine Plaza, Marine Drive The Bayview's monsoon specials pair well with its sea-facing setting. The menu includes crispy, spicy and drool-worthy bites, such as Onion and Potato Bhajiyas, Cajun Egg Tempura, Bharwan Mirch, Spinach Fritters, Chicken Tikka, Prawns, and Zucchini-Asparagus Tempura. It's a simple, classic selection meant to complement the coastal monsoon atmosphere. What: Monsoon Menu at The Bayview Where: 29, Marine Drive, Chowpatty, Marine Lines, Mumbai 14. Opus, The Four Seasons Mumbai, Worli Opus, at The Four Seasons, has launched a Mumbai Monsoon High Tea offering curated by Executive Chef Aditya Kulkarni. Local classics with global influences feature on the menu. Expect dishes like Vada Pav Sliders, Bombay Sandwiches, BBQ Chicken Buns, Kheema Pav, Thai Prawn Cakes, Corn Chaat in peri peri, cheese and BBQ versions, along with desserts like Gulab Jamun Eclairs, Lychee Rabdi, Gulkand Mille-feuille, Chai Cream Tart, and Jasmine Tea Panna Cotta. A selection of Indian and international teas accompanies the spread. What: Mumbai Monsoon High Tea at Opus Where: The Four Seasons Mumbai, 1/136, Dr Elijah Moses Road, Gandhi Nagar, Upper Worli, Worli, Mumbai 15. The Bluebop Cafe, Khar The Bluebop Café's monsoon menu centres around warm comfort food. Starters include Cream of Mushroom Soup, Mozzarella Cheese Sticks, Butter Garlic Prawns, and Truffle Chicken Popcorn. In the mains, one can opt for Mexican and Pepper Garlic Chicken Sizzlers, Red Thai Curry Prawns, and Tenderloin Steak. Desserts, hot chocolate, and coffees complete the offering in the cafe's jazz-accented space. It's a relaxed, all-day menu designed for cosy meals during the rainy season. What: Monsoon Menu at The Bluebop Cafe Where: 318, Linking Rd, Khar, Khar West, Mumbai 16. Tattva Bar and Cafe, Andheri Tattva's monsoon menu brings inventive takes on Indian street food and regional flavours. It's a playful, hyper-local menu with unique twists. Guests can feast on treats like the Bruschetta a la Dabeli, Bombay Koliwada Chicken Bhel, Pomegranate Quinoa & Apple Salad, Sol-Kadi Kiwi Apple Pani Puri, Bhindi Chaat on Roasted Garlic Hummus, and Chatpata Baby Aloo. There are also several new drinks worth trying, such as Jamun Basil Breeze, Scarlett Shot, Masala Toddy, and Spiced Jamun Picante. For dessert, dig into Masala Chai Pannacotta and Kunafa Royale. 17. Donmai, Worli Matcha is trending, and restaurants are paying attention. Donmai in Worli recently introduced a new matcha-focused menu that spotlights traditional Japanese tea culture with a modern twist. The menu features drinks like Mango Amai, Shiro Coco, Cinna Mori, Aozora Breeze, Ichigo Cloud, Ringo Cha, and Shinju Pop. The menu positions matcha as both a flavour and a mindful wellness ritual.
