Latest news with #SriLotusDevelopers'
Hans India
5 days ago
- Business
- Hans India
Sri Lotus Developers IPO Allotment Status 2025: How to Check on BSE, Kfintech, NSE
Sri Lotus Developers & Realty Ltd is likely to announce share allotment for its IPO on Monday, August 4, 2025. IPO Quick Info: Total IPO amount: ₹792 crore Shares offered: 5.28 crore Price range: ₹140 to ₹150 per share IPO open date: July 30 IPO close date: August 1 How much demand was there? Overall subscription: 69 times more than available shares Big investors (QIBs): 163 times Retail investors: 20 times Other investors (NIIs): 57 times What's next? August 4: Investors can check allotment August 5: Refunds for those who didn't get shares & shares added to Demat for those who did August 6: Company shares will be listed on BSE and NSE How to check if you got shares: On BSE Website: Visit: BSE Allotment Page Choose 'Equity' Pick 'Sri Lotus Developers' from the list Enter your PAN or application number Click Search On Kfintech Website: Visit: Kfintech IPO Allotment Pick any one of the available links Select 'Sri Lotus Developers' Enter your PAN, Application No., or Demat ID Click Submit
Economic Times
7 days ago
- Business
- Economic Times
Sri Lotus Developers IPO: Latest GMP suggests SRK, Big B and Ashish Kacholia may pocket 28% gains
With Sri Lotus Developers and Realty IPO closing on Friday, shares are quoting a 28% premium (GMP) or Rs 42 in the grey market, implying a listing price of Rs 192. If the momentum sustains, early backers like Shah Rukh Khan, Amitabh Bachchan, the Roshan family, and investor Ashish Kacholia could pocket significant gains. Here's how much they could earn. ADVERTISEMENT The equity shares were allotted in 2024 for Rs 150 apiece to SRK, Big B, the Roshan family and veteran investor Ashish Kacholia. Sri Lotus Developers' IPO saw robust demand across all investor categories, with an overall subscription of 69.14 times. The retail portion was subscribed 20.28 times, non-institutional investors (NII) bid 57.71 times their quota, while qualified institutional buyers (QIBs) led with an overwhelming 163.90 times subscription. The Shah Rukh Khan Family Trust holds 6,75,000 shares, investing Rs 10.1 crore. If Sri Lotus Developers' stock is listed for Rs 192, the profits for King Khan would be Rs 2.83 Bachchan bought 666,670 shares for Rs 10 crore at the time of the private placement, according to the Red Herring Prospectus (RHP) filed by the company. The likely gains for Big B could be to the tune of Rs 2.8 crore. ADVERTISEMENT Hrithik Rakesh Roshan and his father Rakesh Roshan hold 70,000 shares each in the company. Their gains would be Rs 29.40 lakh each. ADVERTISEMENT Kacholia had to shell out nearly Rs 50 crore for 3,333,300 equity shares. His gains could be to the tune of Rs 13.99 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 investment from other celebrities like Ektaa Ravi Kapoor, her brother Tusshar Kapoor and their father Jeetendra. ADVERTISEMENT The 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 company. ADVERTISEMENT Through the IPO, which was 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. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Mint
7 days ago
- Business
- Mint
Sri Lotus Developers IPO subscribed 74 times; beat peers Kalpataru, Keystone Realtors, Macrotech Developers
Sri Lotus Developers IPO subscription status: Bidding for the initial public offering (IPO) of Sri Lotus Developers Ltd ended on Friday, and focus has now shifted to the Sri Lotus Developers IPO allotment date, which can be announced either today or on Monday next week. The public issue received a strong response from the Indian primary market investors as it had been subscribed to around 74 times. Comparing the Sri Lotus Developers IPO subscription status with recently listed peers of the realty company, the Sri Lotus Developers IPO is far ahead of them. The extraordinary demand from institutional investors sets this Sri Lotus Developers IPO apart. The Qualified Institutional Buyers (QIB) category alone saw an oversubscription of 175 times, reflecting strong institutional confidence in the company's business fundamentals, project pipeline, and market positioning. Sri Lotus Developers peer Kalpataru Projects, listed on the BSE and NSE on 1 July 2025, was subscribed around 2.30 times, while its QIB portion was subscribed slightly over 3 times. Another peer, Keystone Realtors, listed on the BSE and the NSE on 24 November 2022, had been subscribed to around two times, and its QIB portion had been booked close to four times. Another peer, Macrotech Developers (Lodha), IPO listed on the BSE and NSE in April 2021, had been subscribed around 1.36 times, whereas its QIB portion had been filled slightly over 3 times. On the reasons that fueled Sri Lotus Developers' IPO subscription status, Avinash Gorakshkar, an SEBI-registered fundamental analyst, said, "Several factors have contributed to the resounding success of Lotus Developers' IPO: a mid-sized company with a focused development approach and strategic location of company projects. The market mood also fueled Sri Lotus Developers' IPO subscription status." Promoters hold a 91.78 per cent stake in Lotus Developers, and 150 public shareholders, including Bollywood stars Ashish Kacholia, NAV Capital, Dovetail Global Fund, Minerva Ventures, and Oppbasket, hold the remaining 8.22 per cent equity stake. On September 16 last year, the company had raised ₹ 139.4 crore via private placement with allotment to investors including Money Spinners, Sera Investments, Smart Algo Solutions, NAV Capital, Dovetail Global Fund, Minerva Ventures, Yantra E-Solarindia, and Oppbasket. Further, on December 14 last year, it raised ₹ 399.2 crore via another private placement to investors including Ashish Kacholia, Abundantia Capital, Astorne Capital, AARII Ventures, Topgain Finance, Turtle Crest, Aminiti Builders & Developers, DRChoksey Finserv, Jagdish N Master, and Nurture Pranay Foundation. Ashish Kacholia invested nearly ₹ 50 crore in the company for 33.33 lakh shares, while well-known names in the film industry, such as Shah Rukh Family Trust, Amitabh Bachchan, Ektaa Ravi Kapoor, Tusshar Ravi Kapoor, Jeetendra Alias Ravi Amarnath Kapoor, Tiger Jackie Shroff, Rajkumar Yadav, Rakesh Roshan, Hrithik Rakesh Roshan, Sajid Suleman Nadiadwala, and Manoj Bajpayee picked 19.28 lakh shares in Lotus Developers for ₹ 28.92 crore. Anand Kamalnayan Pandit-promoted company will use ₹ 550 crore of IPO proceeds to partially fund the development and construction costs of ongoing projects, Amalfi, The Arcadian, and Varun, by subsidiaries Richfeel Real Estate, Dhyan Projects, and Tryksha Real Estate, respectively. The remainder of the funds will be used for general corporate purposes. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
7 days ago
- Business
- Time of India
Sri Lotus Developers IPO: Latest GMP suggests SRK, Big B and Ashish Kacholia may pocket 28% gains
With Sri Lotus Developers and Realty IPO closing on Friday, shares are quoting a 28% premium (GMP) or Rs 42 in the grey market, implying a listing price of Rs 192. If the momentum sustains, early backers like Shah Rukh Khan, Amitabh Bachchan, the Roshan family, and investor Ashish Kacholia could pocket significant gains. Here's how much they could earn. The equity shares were allotted in 2024 for Rs 150 apiece to SRK, Big B, the Roshan family and veteran investor Ashish Kacholia. Explore courses from Top Institutes in Please select course: Select a Course Category Public Policy CXO Finance PGDM Project Management Design Thinking others Cybersecurity Product Management Data Analytics Others MBA Technology Data Science Healthcare MCA Digital Marketing Artificial Intelligence Leadership healthcare Data Science Management Degree Skills you'll gain: Economics for Public Policy Making Quantitative Techniques Public & Project Finance Law, Health & Urban Development Policy Duration: 12 Months IIM Kozhikode Professional Certificate Programme in Public Policy Management Starts on Mar 3, 2024 Get Details Skills you'll gain: Duration: 12 Months IIM Calcutta Executive Programme in Public Policy and Management Starts on undefined Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Free P2,000 GCash eGift UnionBank Credit Card Apply Now Undo Sri Lotus Developers' IPO saw robust demand across all investor categories, with an overall subscription of 69.14 times. The retail portion was subscribed 20.28 times, non-institutional investors (NII) bid 57.71 times their quota, while qualified institutional buyers (QIBs) led with an overwhelming 163.90 times subscription. Shah Rukh Khan's investment and likely gains: The Shah Rukh Khan Family Trust holds 6,75,000 shares, investing Rs 10.1 crore. If Sri Lotus Developers' stock is listed for Rs 192, the profits for King Khan would be Rs 2.83 crore. Live Events Amitabh Bachchan's investment and expected gains: Amitabh Bachchan bought 666,670 shares for Rs 10 crore at the time of the private placement, according to the Red Herring Prospectus (RHP) filed by the company. The likely gains for Big B could be to the tune of Rs 2.8 crore. Roshan family Hrithik Rakesh Roshan and his father Rakesh Roshan hold 70,000 shares each in the company. Their gains would be Rs 29.40 lakh each. Ashish Kacholia Kacholia had to shell out nearly Rs 50 crore for 3,333,300 equity shares. His gains could be to the tune of Rs 13.99 crore. 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 investment from other celebrities like Ektaa Ravi Kapoor, her brother Tusshar Kapoor and their father Jeetendra. 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 was 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
01-08-2025
- Business
- Business Standard
Sri Lotus Developers IPO closes today; subscription rises 19x, GMP at 30%
Sri Lotus Developers IPO Day 3 update: The initial public offering (IPO) of Sri Lotus Developers, a Mumbai-based real estate developer, is closing its three-day bidding period today, August 1, 2025. The ₹792 crore public issue opened for subscription on Wednesday, July 30, and has seen robust demand from investors. As of 1 PM on Friday, data from the National Stock Exchange (NSE) shows that the IPO attracted bids for approximately 738.74 million equity shares, significantly exceeding the 39.65 million shares available. This translates to an overall subscription rate of 18.63 times. Breaking down the numbers by investor category, non-institutional investors (NIIs) led the way with their portion subscribed 37.53 times. Qualified Institutional Buyers (QIBs) portion was subscribed 11.25 times, while the retail investor segment was subscribed 14.48 times. Sri Lotus Developers IPO grey market premium (GMP) On the final day of bidding for the Sri Lotus Developers IPO, the company's unlisted shares were trading with a strong premium in the grey market. According to sources monitoring unofficial market trends, Sri Lotus Developers' unlisted shares were being quoted at ₹194 apiece. This implies a grey market premium (GMP) of ₹44 or 29.33 per cent, over the upper end of the price band of ₹140 to ₹150. Sri Lotus Developers IPO Review Sri Lotus Developers IPO key details The ₹792 crore IPO of Sri Lotus Developers comprises a fresh issue of 52.8 million equity shares. Sri Lotus Developers' IPO is priced between ₹140 and ₹150 per share. The minimum bid lot consists of 100 shares, implying a retail investor should invest at least ₹15,000 to apply for one lot at the upper price band. A retail investor can apply for up to 13 lots — totalling 1,300 shares — which would require an investment of ₹1,95,000. With the subscription window closing today, the IPO allotment status is likely to be finalised on Monday, August 4. Investors can expect shares to be credited to their demat accounts by Tuesday, August 5. The tentative listing date for Sri Lotus Developers on both the BSE and NSE is Wednesday, August 6. Kfin Technologies is the registrar to the issue, while Monarch Networth Capital and Motilal Oswal Investment Advisors are the book-running lead managers. As per the red herring prospectus (RHP), the company proposes to utilise the net fresh issue proceeds for investment in subsidiaries Richfeel Real Estate, Dhyan Projects and Tryksha Real Estate for part-funding development and construction costs of their ongoing projects, Amalfi, The Arcadian and Varun, respectively. The remaining funds will be used for general corporate purposes.
