By Sheetal Kumari | March 3, 2025
MC Desk | June 6, 2025
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Amitabh Bachchan, Ajay Devgn, and other celebrities are part of a star-studded Rs 792-crore IPO by Mumbai-based Sri Lotus Developers and Realty.
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The IPO-bound company is led by Anand Pandit, a real estate developer and film producer known for movies like Randeep Hooda-starrer Swatantrya Veer Savarkar.
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Sri Lotus Developers’ draft red herring prospectus (DRHP) has received the nod from markets regulator Sebi, paving the way for the public issue.
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In a Rs 400-crore private placement round held in December, Amitabh Bachchan and Shah Rukh Khan’s family trust each invested around Rs 10 crore.
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The pre-IPO round also saw participation from Hrithik Roshan (Rs 1 crore), Ajay Devgn, Ektaa Kapoor, Rajkummar Rao, and Tiger Shroff.
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Prominent investor Ashish Kacholia also participated, picking up a Rs 50 crore stake in the pre-IPO round.
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IPO proceeds will be used for ongoing real estate developments and expanding the business footprint in Mumbai’s competitive market.
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Anand Pandit credits Bachchan’s role in the film Trishul as his inspiration for entering real estate, aiming to build a legacy like ‘Shanti Constructions’.
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Moneycontrol advises users to check with certified experts before taking any investment decisions.
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