Upcomig IPO: A new company is going to knock in the IPO market next week amidst the stake in the stock market. In which already the stars of film world like Shah Rukh Khan and Amitabh Bachchan have invested. The name of the company is Mr. Lotus Developers. Whose IPO will open in the market on 30 July. Let us give you all the information related to the issue in detail.
Mr. Lotus Developers is a Mumbai -based real estate company, whose IPO will open in the market on July 30 and investors will be able to invest in it by 1 August. The company has fixed the price band of the issue by Rs 140 to 150 per share and its aim is to raise Rs 792 crore through IPO.
Film stars have invested
In 2024, the company offered stock to 118 investors at a price of Rs 150 through private placement, in which Amitabh Bachchan bought 6.66 lakh shares for Rs 10 crore. At the same time, Shah Rukh Khan’s Family Trust bought 6.75 lakh shares in the company for about Rs 10.1 crore. Along with this, Hrithik Roshan and his father Rakesh Roshan also bought 70-70 thousand shares. However, now its shares are stable at the same amount of rupees. Therefore, investors have not benefited.
In the year 2024, Mr. Lotus developers raised funds of Rs 399.20 crore through private placements before their IPO. In this investment era, Bollywood celebrities like Ekta Kapoor, Tusshar Kapoor and his father Jitendra as well as prominent investors Ashish Kacholia, Jagdish Master and Dr Choksi Finserv.
What does the company do
Sri Lotus Developers and Realty Limited, established in February 2015, works on ultra-tellers and luxury redevelopment projects in the western suburbs of Mumbai. As of 30 June 2025, it has a developing area of 0.93 million square feet. The company has completed 4 projects so far, 5 projects are in progress, and 11 projects are planned to start in future.