Shah Rukh Khan-backed Sri Lotus Developers and Realty IPO set to redefine Mumbai’s luxury real estate game with Rs. 792 cr issue

In December 2024, Bollywood Hungama detailed that Shah Rukh Khan Family Believe, Amitabh Bachchan bought offers worth Rs. 10 crores in Anand Pandit’s Lotus Developers’ IPO. As for Hrithik Roshan, he bought 70,000 offers for around Rs. 1 crore. In the interim, Sara Ali Khan, Ektaa Kapoor, Tiger Shroff and Rajkummar Rao moreover bought little stakes in the company. Presently, it has come to light that Sri Lotus Engineers and Realty has gotten last endorsement from SEBI for its Rs 792 crore open issue, all through new equity—no offer-for-sale component.

Anand Pandit, who claims Sri Lotus Designers and Realty, has a long affiliation with Bollywood as numerous stars claim commercial and private spaces in the properties created and overseen by Lotus Engineers. He at that point turned maker and has sponsored a few movies like Pyaar Ka Punchnama 2 (2015), Sarkar 3 (2017), Satyameva Jayate (2018), Baazaar (2018), Batla House (2019), Add up to Dhamaal (2019), PM Narendra Modi (2019), The Enormous Bull (2021), Chehre (2021), Specialist G (2022), Thank God (2022), Kabzaa (2023), Swatantrya Veer Savarkar (2024) etc.

As per an article in The Financial Times, Sri Lotus Engineers and Realty, known for changing Mumbai’s western rural areas with ultra-premium 2BHKs to sprawling penthouses, is presently venturing into the open showcase spotlight. Its IPO continues will fuel yearning genuine bequest ventures beneath its subsidiaries—Richfeel, Dhyan Ventures and Tryksha—including high-end advancements like Amalfi, The Arcadian, and Varun.

The celebrity shimmer started in December 2024 amid a Rs 400 crore pre-IPO situation, where offers were issued at Rs 150 each. The Shah Rukh Khan Family Believe snatched 6.75 lakh offers for Rs 10.1 crore, whereas Amitabh Bachchan moreover contributed Rs 10 crore. Hrithik Roshan, Ajay Devgn, Ektaa Kapoor, Sara Ali Khan, Tiger Shroff, and Rajkummar Rao joined the star-studded speculator line-up. Experienced financial specialist Ashish Kacholia driven the pack with a Rs 50 crore stake, securing over 33 lakh shares.

Sri Lotus has made a title with joint and redevelopment wanders, focusing on optimistic mortgage holders in the Rs 3-7 crore bracket, and extravagance buyers looking for Rs 7 crore-plus homes. As per The Financial Times story, in FY24, the company’s income surged by about 177% to Rs 461.57 crore, up from Rs 166.87 crore in FY23. Net benefit skyrocketed over sixfold to Rs 119.81 crore. In fair the to begin with half of FY25, Sri Lotus has as of now logged Rs 243.42 crore in income with Rs 90.63 crore in profit.

With glam, development, and sparkling numbers, this Shah Rukh Khan-backed IPO isn’t fair a genuine domain play—it’s a red-carpet rollout for financial specialists looking at Mumbai’s booming extravagance section.