Sri Lotus Developers IPO: Shah Rukh, Big B and Ashish Kacholia have bets on this Mumbai realtor
, set to launch its IPO next Wednesday, has allotted equity shares on a
private placement
basis to Bollywood icons Shah Rukh Khan, Amitabh Bachchan, the Roshan family, and veteran investor Ashish Kacholia.
The equity shares were allotted in 2024 at a price of Rs 150 apiece.
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The Shah Rukh Khan Family Trust holds 6,75,000 shares, investing Rs 10.1 crore, while Amitabh Bachchan acquired 666,670 shares at a cost of Rs 10 crore during the private placement, according to the Red Herring Prospectus (RHP) filed by the company. Meanwhile, Hrithik Rakesh Roshan and his father Rakesh Roshan hold 70,000 shares each.
Kacholia acquired 3,333,300 equity shares for nearly Rs 50 crore.
The Sri Lotus Developers IPO will close for subscription on August 1.
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Before filing its Draft Red Herring Prospectus (DRHP) in December 2024, Sri Lotus Developers raised Rs 399.20 crore through a private placement to 118 individuals and entities. That round also saw participation from other celebrities such as Ektaa Ravi Kapoor, her brother Tusshar Kapoor, and their father Jeetendra.
According to the RHP, King Khan invested Rs 10.1 crore, and Amitabh Bachchan invested Rs 10 crore, both at Rs 150 per share during the private placement round.
The company attracted significant Bollywood interest due to its promoter, Anand Kamalnayan Pandit, a well-known film producer and distributor.
Other marquee investors like Jagdish Master and DRChoksey Finserv have also backed the company.
Through this book-built IPO, Sri Lotus Developers plans to raise Rs 792 crore.
Incorporated in February 2015, Sri Lotus Developers and Realty Limited develops residential and commercial properties in Mumbai, Maharashtra, focusing on redevelopment projects in the ultra-luxury and luxury segments of the western suburbs.
As of June 30, 2025, the company had a developable area of 0.93 million square feet, covering both residential and commercial projects.
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