If you are planning to invest in IPO this year, then a great opportunity is coming for you. Shree Lotus Developers & Realty, a leading company in the real estate sector, has announced the launch of its IPO. From big Bollywood stars to famous investors have invested in this IPO.
- Bollywood Investor:
- Shahrukh Khan
- Amitabh Bachchan
- hrithik roshan
- Sara Ali Khan
- Ajay Devgan
- Manoj Bajpayee
- tiger shroff
- Rajkumar Rao
- Other.
- The company is planning to raise approximately Rs 792 crore from this IPO.
How many shares do Bollywood stars and investors own?
According to the company’s draft red herring prospectus (DRHP), leading Bollywood stars and investors own the following shares:
- Amitabh Bachchan:
- 6.7 lakh shares.
- Investment amount: Rs 10 crore.
- Shahrukh Khan Family Trust:
- 6.75 lakh shares.
- Investment amount: Rs 10.1 crore.
- Hrithik Roshan:
- 70,000 shares.
- Investment amount: More than Rs 1 crore.
- Other Bollywood Investors:
- Ajay Devgan, Sara Ali Khan, Rajkummar Rao, Manoj Bajpayee, Tiger Shroff, Ekta Ravi Kapoor, Tusshar Ravi Kapoor, Jeetendra, and Sajid Nadiadwala.
Company planning and use of funds
Shree Lotus Developers & Realty will use the funds raised from the IPO for the following purposes:
- Projects of Subsidiary Companies:
- RICHFEEL REAL ESTATE PVT LTD.
- Dhyan Projects Private Limited.
- Tryksha Real Estate Private Limited.
- Rs 550 crore will be used for the development and construction cost of these projects.
- Other Projects:
- Amalfi, The Arcadian, and Varuna.
- The remaining amount will be used for general corporate purposes.
- Company Focus:
- Ultra-luxury and luxury residential properties.
- Flats in the ₹3 crore to ₹7 crore range.
Structure of IPO
- Issue Process:
- Under the book-building process.
- Allotment of Issue:
- 50%: Qualified Institutional Buyers.
- 35%: Non-institutional investors.
- 15%: Retail investors.
Company leadership and promoters
- Promoters:
- Anand Kamalnayan Pandit.
- Rupa Anand Pandit.
- Ashka Anand Pandit.
