India’s IPO market is buzzing according to Live Mint, and it’s not just seasoned investors getting in on the action as Bollywood celebrities are also joining the frenzy. A-listers like Amitabh Bachchan, Shah Rukh Khan, Hrithik Roshan, and Tiger Shroff have put their money into Sri Lotus Developers and Realty Limited, a Mumbai-based real estate developer gearing up for its Initial Public Offering (IPO).
Who’s Investing and How Much?
According to the company’s Draft Red Herring Prospectus (DRHP), Shah Rukh Khan’s Family Trust leads the pack with an allocation of 675,000 shares. Here’s how other Bollywood celebrities and high-profile investors stack up:
Amitabh Bachchan- 666,670 shares
Rakesh Roshan – 70,000 shares
Hrithik Roshan – 70,000 shares
Sajid Suleman Nadiadwala – 66,670 shares
Tiger Jackie Shroff – 33,300 shares
Ektaa Ravi Kapoor – 133,300 shares
Tusshar Ravi Kapoor – 100,000 shares
Jeetendra Alias Ravi Kapoor – 100,000 shares
Rajkummar Rao – 6,600 shares
Other prominent Bollywood investors include Ajay Devgn, Ekta Kapoor, and Sara Ali Khan. Notably, Ashish Kacholia, a stock market veteran often referred to as the “Big Whale” for his knack for identifying multi-bagger stocks, has also invested in this IPO with a whopping 3,333,300 shares.
About the Sri Lotus Developers IPO
Sri Lotus Developers plans to raise ₹792 crore (USD $93M) through a fresh equity issue. The company focuses on both residential and commercial property development in Mumbai and its suburbs. Unlike some IPOs, this offering does not include an Offer for Sale (OFS) component, ensuring the entire raised capital will go toward the company’s growth.
With Monarch Networth Capital Limited and Motilal Oswal Investment Advisors Limited as lead managers and KFin Technologies Limited as the registrar, this IPO is poised to attract widespread interest.
As the IPO sector continues to flourish, Sri Lotus Developers is proving to be a star-studded affair, blending Bollywood glamour with real estate investment.
Photo: Leader Bio
