In December 2024, Bollywood Hungama reported that Shah Rukh Khan Household Belief, Amitabh Bachchan purchased shares value Rs. 10 crores in Anand Pandit’s Lotus Builders’ IPO. As for Hrithik Roshan, he purchased 70,000 shares for round Rs. 1 crore. In the meantime, Sara Ali Khan, Ektaa Kapoor, Tiger Shroff and Rajkummar Rao additionally purchased small stakes within the firm. Now, it has come to gentle that Sri Lotus Builders and Realty has acquired ultimate approval from SEBI for its Rs 792 crore public challenge, all through contemporary fairness—no offer-for-sale element.
Shah Rukh Khan-backed Sri Lotus Builders and Realty IPO set to redefine Mumbai’s luxurious actual property sport with Rs. 792 cr challenge
Anand Pandit, who owns Sri Lotus Builders and Realty, has an extended affiliation with Bollywood as many stars personal business and residential areas within the properties developed and managed by Lotus Builders. He then turned producer and has backed a number of movies like Pyaar Ka Punchnama 2 (2015), Sarkar 3 (2017), Satyameva Jayate (2018), Baazaar (2018), Batla Home (2019), Whole Dhamaal (2019), PM Narendra Modi (2019), The Large Bull (2021), Chehre (2021), Physician G (2022), Thank God (2022), Kabzaa (2023), Swatantrya Veer Savarkar (2024) and so on.
As per an article in The Financial Instances, Sri Lotus Builders and Realty, identified for remodeling Mumbai’s western suburbs with ultra-premium 2BHKs to sprawling penthouses, is now getting into the general public market limelight. Its IPO proceeds will gasoline formidable actual property initiatives underneath its subsidiaries—Richfeel, Dhyan Initiatives and Tryksha—together with high-end developments like Amalfi, The Arcadian, and Varun.
The celeb sparkle started in December 2024 throughout a Rs 400 crore pre-IPO placement, the place shares have been issued at Rs 150 apiece. The Shah Rukh Khan Household Belief grabbed 6.75 lakh shares for Rs 10.1 crore, whereas Amitabh Bachchan additionally invested Rs 10 crore. Hrithik Roshan, Ajay Devgn, Ektaa Kapoor, Sara Ali Khan, Tiger Shroff, and Rajkummar Rao joined the star-studded investor line-up. Veteran investor Ashish Kacholia led the pack with a Rs 50 crore stake, buying over 33 lakh shares.
Sri Lotus has made a reputation with joint and redevelopment ventures, concentrating on aspirational householders within the Rs 3-7 crore bracket, and luxurious patrons looking for Rs 7 crore-plus properties. As per The Financial Instances story, in FY24, the corporate’s income surged by almost 177% to Rs 461.57 crore, up from Rs 166.87 crore in FY23. Web revenue skyrocketed over sixfold to Rs 119.81 crore. In simply the primary half of FY25, Sri Lotus has already logged Rs 243.42 crore in income with Rs 90.63 crore in revenue.
With glam, development, and glittering numbers, this Shah Rukh Khan-backed IPO isn’t only a actual property play—it’s a red-carpet rollout for traders eyeing Mumbai’s booming luxurious section.
Additionally Learn: Is Shah Rukh Khan starrer King beginning tomorrow? Siddharth Anand drops cryptic trace forward of Suhana Khan’s birthday
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