Both SRK and Big B have reportedly invested Rs 10.1 crore and Rs 10 crore, respectively, in the company, which is promoted by real estate developer and film producer Anand Pandit.

According to a report in The Economic Times, other celebrities, including Hrithik Roshan, Ajay Devgn, Ektaa Kapoor, Sara Ali Khan, Tiger Shroff, and Rajkummar Rao have also invested in the firm. Their involvement has drawn attention to the IPO, making it one of the most talked-about public issues this season.

The IPO of Sri Lotus Developers is a book-built issue amounting to Rs 792 crore. It is entirely a fresh issue, meaning all the proceeds will go to the company. The subscription for the IPO will open on July 30, 2025, and close on August 1, 2025.

The allotment is expected to be finalised on August 4, 2025, and the shares are likely to be listed on both BSE and NSE on August 6, 2025. The price band for the issue has not yet been disclosed.

Motilal Oswal Investment Advisors Limited is acting as the book-running lead manager, while Kfin Technologies Limited is the registrar for the issue.

The company is promoted by Anand Kamalnayan Pandit, Roopa Anand Pandit, and Ashka Anand Pandit. Incorporated in February 2015, Sri Lotus Developers specialises in redevelopment projects, mainly in the ultra-luxury and luxury segments across Mumbai's western suburbs.

The company focuses on both residential and commercial properties. As of June 30, 2025, it had a total developable area of 0.93 million square feet across various projects.

USE OF IPO PROCEEDS

According to the draft papers, the company plans to use Rs 550 crore from the IPO proceeds to invest in three of its subsidiaries-Richfeel Real Estate Private Limited, Dhyan Projects Private Limited, and Tryksha Real Estate Private Limited.

These funds will partly support the construction and development costs of three ongoing projects: Amalfi, The Arcadian, and Varun. The remaining funds will be used for general corporate purposes.