The GMP is nevertheless down from Rs 51 recorded forward of the worth band announcement because the Avenue anticipated the difficulty value to be above Rs 150, the worth at which the realtor had allotted fairness shares on a non-public placement foundation to 118 particular person buyers that included Bollywood icons Shah Rukh Khan, Amitabh Bachchan, the Roshan household, and veteran investor Ashish Kacholia.
The fairness shares had been allotted in 2024 at a value of Rs 150 apiece.
The Shah Rukh Khan Household Belief holds 675,000 shares investing Rs 10.1 crore whereas Amitabh Bachchan purchased 666,670 shares at a value of Rs 10 crore on the time of the personal placement based on the Crimson Herring Prospectus (RHP) filed by the corporate. In the meantime, Hrithik Rakesh Roshan and father Rakesh Roshan maintain 70,000 shares every within the firm.
Kacholia needed to shell out almost Rs 50 for 3,333,300 fairness shares.
The Sri Lotus Builders IPO will shut for subscription on August 1.Sri Lotus Builders raised Rs 399.20 crore via a non-public placement to 118 people and entities earlier than submitting its Draft Crimson Herring Prospectus (DRHP) in December 2024. The December spherical additionally attracted different celebrities like Ektaa Ravi Kapoor, her brother Tusshar Kapoor and their father Jeetendra.In accordance with the Crimson Herring Prospectus, King Khan invested Rs 1.01 crore, whereas Amitabh Bachchan invested Rs 1 crore, each at Rs 150 per share in the course of the personal placement spherical.
The corporate drew important curiosity from Bollywood as a result of its promoter, Anand Kamalnayan Pandit, can be a outstanding movie producer and distributor.
Different marquee buyers like Jagdish Grasp and DRChoksey Finserv have additionally invested within the firm.
By way of the IPO, which is a e book constructing concern, Sri Lotus Builders plans to boost 792 crores.
Integrated in February 2015, Sri Lotus Builders and Realty Restricted is a developer of residential and industrial properties positioned in Mumbai, Maharashtra, specializing in redevelopment initiatives inside the ultra-luxury and luxurious segments of the western suburbs.
As of June 30, 2025, the corporate held a developable space of 0.93 million sq. ft, encompassing residential and industrial properties.
(Disclaimer: Suggestions, solutions, views and opinions given by the specialists are their very own. These don’t characterize the views of Financial Instances)
