Mumbai, July 23: In a high-profile blend of glamour and growth, Sri Lotus Developers and Realty Ltd., a Mumbai-based real estate firm, is launching its ₹792 crore Initial Public Offering (IPO) from July 30 to August 1, 2025. The offering has already generated buzz with Bollywood legends like Shah Rukh Khan and Amitabh Bachchan participating in the pre-IPO round.
Star-Studded Pre-IPO Investment
Ahead of the IPO launch, Sri Lotus Developers raised ₹399.20 crore through a private placement. This round attracted 118 investors, including major film stars and respected stock market veterans.
Shah Rukh Khan invested ₹1.01 crore, while Amitabh Bachchan put in ₹1 crore. Other celebrity investors include Hrithik Roshan, Rakesh Roshan, Ektaa Ravi Kapoor, Tusshar Kapoor, and Jeetendra. Notably, seasoned investors like Ashish Kacholia and Jagdish Master also backed the company. The private placement shares were priced at ₹150 each.
IPO Details and Fund Utilization
The company plans to raise ₹792 crore entirely through a fresh issue of equity shares. Out of the total proceeds, ₹550 crore will be used to invest in subsidiaries executing real estate projects across the Mumbai Metropolitan Region (MMR). These investments will focus primarily on luxury residential developments in Mumbai’s western suburbs — a highly sought-after market.
Real Estate Portfolio
Sri Lotus Developers currently has a total of five ongoing real estate projects offering approximately 0.30 million square feet of saleable area. In addition, the company has eleven upcoming projects, which together contribute around 1.64 million square feet to its future development pipeline.
This substantial real estate footprint positions the firm as a key player in Mumbai’s dynamic property sector, especially in premium residential development.
Strong Financial Performance
Backed by solid business fundamentals, the company reported a revenue of ₹549.60 crore, with an EBITDA of ₹288.90 crore, translating to an impressive EBITDA margin of 52.57%. Net profit stood at ₹227.80 crore, signaling robust profitability and operational efficiency — a key attraction for potential investors.
Important Dates to Remember
The IPO subscription will begin on July 30 and conclude on August 1, 2025. Shares of Sri Lotus Developers are expected to list on the NSE and BSE on August 6.
Should You Apply?
With a strong pipeline of projects, a clear focus on luxury real estate, and the backing of both high-profile celebrities and seasoned investors, Sri Lotus Developers' IPO has emerged as one of the most talked-about offerings this year.
The company’s healthy financial performance and the strategic use of IPO proceeds for growth reinforce investor confidence. While celebrity endorsements may not be a reason alone to invest, they certainly highlight the attention this IPO is receiving.
For investors seeking exposure to India’s booming real estate market—particularly Mumbai’s premium housing segment—this IPO presents a compelling opportunity.