Sri Lotus Builders IPO: Shri Lotus Builders and Realty’s Preliminary Public Be offering (IPO) goes to open for bid from 30 July subsequent week after a protracted wait. On this luxurious actual property corporate, many high-profile personalities together with Bollywood veteran actor Shah Rukh Khan, Amitabh Bachchan, and well known investor Ashish Kacholia have invested about 8 months prior to the IPO got here. However even after 8 months, none of them have benefited from one rupee.
Worth didn’t build up even after 8 months
The IPO of Shri Lotus Builders and Realty is coming at the value band of Rs 140 to Rs 150 consistent with percentage, which is the same as the cost mounted all over the non-public placement in November 2024. At the moment the corporate had raised Rs 400 crore and allotted stocks of Rs 150 consistent with percentage to 118 buyers. This is the same as the higher value band of its IPO.
Those high-profile names also are incorporated in buyers
Except for those, different names associated with the movie global like Hrithik Roshan, Rakesh Roshan, Tiger Shroff, Jitendra (Ravi Kapoor), Tusshar Kapoor, Sajid Nadiadwala and Manoj Bajpayee additionally invested between ₹ 10 lakh to ₹ 1 crore on this corporate, however all have nonetheless arrange 0 returns.
The inventory marketplace veteran investor Ashish Kacholia has additionally made a gigantic guess of ₹ 50 crore, whilst veterans like Jagdish Grasp and DR Choksi Finserv have put ₹ 10-10 crore. Alternatively, regardless of the passing of 8 months and the marketplace surge, the marketplace value of those investments nonetheless stays the similar.
Details about IPO
The IPO of Sri Lotus Builders will open for bidding between July 30 to August 1 subsequent week. The overall measurement of IPO is Rs 792 crore. Out of this, 550 crore rupees will likely be given to a few subsidiaries of the corporate, together with richfel actual property, meditation tasks, and TITI Actual Property. Those budget will likely be utilized in Mumbai to fabricate top rate tasks equivalent to “Amalfi”, “The Arcadian”, and “Varun”.
After the crowning glory of the IPO subscription, the allocation of stocks is predicted on August 4 and its record could also be on 6 August. For IPO, the corporate has appointed Motilal Oswal Funding Advisors and Monark Networth Capital as Service provider Banker.
About corporate
Shri Lotus Builders have evolved a complete of 9.3 lakh sq. ft via June 2025 and its major focal point is on luxurious and ultra-linguistic residential tasks, that are priced between Rs 3 crore to Rs 7 crore. A few of its penthouses are costlier.
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