Mumbai -based real estate company Mr. Lotus Developers and Realty Limited on Thursday fixed the price band ₹ 140 to ₹ 150 per share for its much awaited IPO. This issue will open for subscription from July 30, 2025 and will be closed on 1 August. According to FortuneIndia news, the company, the company, has the support of Bollywood megastar Amitabh Bachchan, Shah Rukh Khan, Hrithik Roshan and famous investor Ashish Kacholia. The company is planning to raise ₹ 792 crore through this issue.
This is only a fresh issue
In this IPO, anchor investors will be able to bid on 29 July. Also, the share allotment under IPO can be finalized on August 4, 2025. The company shares will be listed on BSE and NSE on August 6, 2025. Its face value is ₹ 1 per share. Let me tell you, this is just a fresh issue. There is no open for sale. Investors will have to bid for at least 100 shares. A discount of Rs 14 per share has been given for employees.
The company has done something like this
Shri Lotus Developers and Realty Limited has reserved 50% shares in this IPO for Qualified Institutional Buyers (QIB). 15% have been reserved for non-institutional investors (NIIs) and 35% retail investors. Out of the amount raised from the IPO, the company will invest around ₹ 550 crore out of ₹ 550 crore in its three subsidiary companies -Real Estate Private Limited, Dhyan Projects Private Limited and Triksha Real Estate Private Limited, so that the development and construction of their projects can be carried forward. The remaining amount will be used for normal corporate purpose.
Know the company
Established in 2005, Shri Lotus Developers develops redevelopment projects of Ultra luxury and luxury segment in Mumbai and especially western suburbs under the brand ‘Lotus Developers’ brand. Its projects come in three categories- Greenfield Projects, Revolution Projects and Joint Development Projects.
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