Sri Lotus Builders IPO: The general public factor of Rs 792 crore of Mumbai’s well-known actual property corporate Mr. Lotus Builders is ready to be introduced on July 30. The corporate has invested cash from many traders together with actors Shah Rukh Khan, Amitabh Bachchan, Hrithik Roshan in addition to veterans like Ashish Kacholia. The draft for the IPO used to be deposited in December 2024 and the IPO used to be authorized via the Capital Marketplace Regulator SEBI in June this 12 months.
The associated fee band for bidding in IPO is Rs 140-150 consistent with percentage. The similar worth used to be the similar within the pre-IPO spherical. It’s transparent that the corporate isn’t having a distinct view for brand new traders. Lot measurement 100 stocks were saved. Most effective 5.28 crore new stocks can be issued in the problem. Ultimate can be hung on August 1, and then the allotment can be finalized on August 4 and the list of stocks can be on BSE, NSE on 6 August 2025.
Movie manufacturer may be corporate chairman Anand Pandit
The corporate develops prime and actual property in Mumbai. It basically focuses in luxurious and extremely luxurious sector thru redevelopment initiatives. Sri Lotus is the chairman and managing director of the builders, Anand Kamalnayan Pandit, who may be a promoter of the corporate. He’s additionally a movie manufacturer and distributor. His Anand Pandit Movement Footage is a movie studio, which has produced many motion pictures together with Overall Dhamaal, Lacking, Sarkar 3, Nice Grand Masti. He has additionally made many motion pictures, by which Amitabh Bachchan, Ajay Devgan and Emraan Hashmi have labored. On the other hand, motion pictures have at all times been secondary in his profession. His function is to earn a reputation in actual property.
Mr. Lotus Builders have offered residences and places of work to many celebrities together with Devgan, Sara Ali Khan, Karthik Aryan. Stars incessantly hire the campus, most commonly to movie or tv manufacturing area.
In December 2024, ₹ 400 crore used to be accrued in pre-IPO placement
In December 2024, the corporate raised Rs 400 crore thru a non-public placement of two.6 crore stocks within the unlisted marketplace and plenty of movie stars participated on this spherical. The Circle of relatives Believe of Amitabh Bachchan and Shah Rukh Khan purchased a stake of about Rs 10-10 crore within the corporate. Hrithik Roshan invests Rs 1 crore. Ajay Devgan, Ekta Kapoor, Sara Ali Khan, Rajkumar Rao, Tiger Shroff additionally participated on this investment spherical. Ashish Kacholia purchased a percentage of Rs 50 crore in Shri Lotus Builders. Veteran Invester Jagdish Grasp and Drchoksey Finserv have been additionally amongst traders.
The corporate’s chairman and MD Anand Pandit says, “If it is Kacholia, Grasp, Shah Rukh Khan or Bachchan, all are traders within the corporate and they don’t seem to be right here to make cash in 2 or 6 months quick time period. They have got noticed our adventure and need to be part of it. They’re for lengthy -term. I need to deal with their new traders in addition to their new traders right here.”
Easy methods to use IPO cash
Motilal Oswal Funding Advisors Restricted, Guide Working Lead Supervisor for Sri Lotus Builders IPO. Caffein Applied sciences Restricted is a registrar. The corporate will use its IPO profits to put money into subsidiaries- Richfel Actual Property Personal Restricted, Dhyan Initiatives Personal Restricted and Tri-Educate Actual Property Personal Restricted. That is in order that the present projects- Amalfi, The Arcadion and Varun’s construction and building prices can also be funded to a point. Aside from this, this cash can also be for basic company functions.
The operational source of revenue of Shri Lotus Builders and Realty larger via 19 % to Rs 549.68 crore in FY 2024-25. It used to be Rs 461.57 crore a 12 months in the past. The online benefit larger via 90 % to Rs 228 crore, which used to be Rs 120 crore in FY 2023-24.