Archive · 24 Jul 2025
Sri Lotus Developers IPO: Celebrities Invest, Shares Offered
Imagine a company called Sri Lotus Developers, which builds fancy houses, is selling shares to the public for the first time.
They're asking people to pay between Rs 140-150 for each share.
Many famous actors, like Shah Rukh Khan and Amitabh Bachchan, already bought shares before.
The company hopes to raise around Rs 792 crore to build more houses.
People can start buying the new shares on July 30 and have until August 01.
The shares were sold at the same price as the initial private placement, but there's a chance the price will go up when it's available to trade.
Sri Lotus Developers announced the price band for its IPO.
The IPO is backed by celebrities like Shah Rukh Khan and Amitabh Bachchan.
The IPO will raise Rs 792 crore through the sale of new shares.
The IPO's bidding starts on July 30 and closes on August 01.
Shares were sold at the same price as the private placement, with a possible listing pop.
- Who
- Sri Lotus Developers and investors including Shah Rukh Khan and Amitabh Bachchan.
- What
- Sri Lotus Developers announced its IPO.
- When
- The IPO bidding starts July 30 and closes August 01.
- Where
- Not explicitly mentioned.
- Why
- To raise funds through the sale of shares.
Investors
Market Analysts
Share Value
Investors
Shares purchased at same price as private placement.
Market Analysts
Potential for immediate gains through grey market premium.
- IPO Price Band
- Rs 140-150 per share
- Total IPO Amount
- Rs 792 crore
- Share Sale Type
- Fresh share sale
- Celebrity Investors
- Shah Rukh Khan, Amitabh Bachchan, others
- Private Placement Date
- December 14, 2024
- Share Price in Private Placement
- Rs 150 per share
- Listing Pop (GMP)
- 30-32%