Sri Lotus Developers' ₹792 Crore IPO Launch Attracts Bollywood Investment from Shah Rukh Khan and Amitabh Bachchan

A Mumbai-based real estate developer has announced its plans to go public with significant backing from the entertainment industry's biggest names. Sri Lotus Developers and Realty revealed that it would launch an initial public offering valued at ₹792 crore in the coming week, with notable financial support from Bollywood superstars and prominent investors.

Star-Studded Investment Portfolio

The company confirmed that its investor base includes Shah Rukh Khan through his family trust, veteran actor Amitabh Bachchan, Hrithik Roshan, and seasoned investor Ashish Kacholia. This celebrity endorsement is expected to generate substantial market interest in the real estate IPO boom that has been gaining momentum in India.

Luxury Redevelopment Focus

Sri Lotus specializes in transforming aging buildings in Mumbai's premium neighborhoods into high-end residential complexes. The company's projects feature apartments priced between ₹10 crore and ₹50 crore, positioning it firmly in the luxury housing market segment of Mumbai.

As of June 30, 2025, the developer reported completing approximately 0.93 million square feet of real estate development while maintaining a robust pipeline exceeding 1.8 million square feet. The company's portfolio encompasses four completed projects, five active developments, and eleven upcoming ventures across strategic Mumbai locations.

Strategic Location Expansion

The firm's projects span across coveted areas including Andheri, Juhu, Bandra, South Mumbai, and eastern suburbs such as Ghatkopar. Future expansion plans target premium zones like Nepean Sea Road and Prabhadevi, areas known for their luxury property boom and significant appreciation potential.

Previous Funding Round Success

The upcoming IPO follows a successful private placement round in December 2024 that raised approximately ₹400 crore. During this funding round, both Amitabh Bachchan and Shah Rukh Khan's trust invested around ₹10 crore each, while Hrithik Roshan and Ashish Kacholia also participated as anchor investors.

Fund Utilization Strategy

The company outlined its plans for utilizing the fresh proceeds from the IPO, with ₹550 crore earmarked for subsidiaries and ongoing projects. Sri Lotus stated that the listing would strengthen its brand presence, support its luxury redevelopment focus, and enhance corporate visibility in the competitive Mumbai real estate construction market.

IPO Timeline and Listing Details

The subscription window for the ₹792 crore fresh equity issue is scheduled to open next week, running from July 30 to August 1, 2025. The company plans to list on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), providing investors with multiple trading platforms.

Key Investment Highlights

Industry analysts suggest that this IPO positions Sri Lotus Developers at a unique intersection of entertainment industry credibility, luxury real estate development expertise, and growing investor confidence in India's premium property segment. The company's focus on redevelopment projects aligns with Mumbai's urban renewal initiatives and the increasing demand for modern luxury housing.

The timing of this public offering coincides with the broader real estate IPO boom in 2025, as multiple developers seek to capitalize on favorable market conditions and increased investor appetite for real estate stocks.