Sri Lotus Developers Backed by Bollywood Stars to Launch ₹792 Crore IPO

Introduction

In the vibrant heart of Mumbai’s real estate landscape, Sri Lotus Developers and Realty Ltd stands out—not just for its bold architectural visions but also for its star-studded backing. Supported by the illustrious names of Shah Rukh Khan’s family trust, Amitabh Bachchan, Hrithik Roshan, and seasoned investor Ashish Kacholia, the developer is set to launch a significant ₹792 crore Initial Public Offering (IPO) next week.

The funds raised will fuel completion of three high-profile real estate projects in Mumbai, further cementing Sri Lotus Developers’ reputation for transforming the city’s skyline.

Focus on Luxury Redevelopment

The company continues to focus on prime locations with an emphasis on redeveloping older buildings into luxurious residences priced between ₹10 crore and ₹50 crore, catering to discerning buyers who desire exclusivity and elegance.

As of June 30, 2025, Sri Lotus Developers boasts a completed developable area of 0.93 million sq ft, spanning both residential and commercial assets. Their future pipeline is equally ambitious, with over 1.8 million sq ft under execution or planned.

Project Portfolio and Expansion Plans

Their impressive portfolio includes

• four completed projects
• five ongoing developments
• 11 upcoming ventures

in coveted Mumbai localities such as Andheri, Juhu, Bandra, and South Mumbai.

Looking ahead, the firm plans to expand deeper into sought-after areas like Nepean Sea Road and Prabhadevi in South and Central Mumbai, alongside the eastern suburbs, including Ghatkopar.

The company builds upscale 2BHK and 3BHK flats priced between ₹3 crore and ₹7 crore, as well as sprawling 3BHK, 4BHK, and luxurious penthouses priced well above ₹7 crore.

Leadership Perspective

Anand Pandit, Chairman and Managing Director of Sri Lotus Developers, shares:

“Our future vision is firmly set on the luxury and ultra-luxury sectors, focusing on properties in the ₹10 crore to ₹50 crore plus range. While we have no immediate debt to raise, listing through an IPO adds tremendous brand value, especially as we deepen our foothold in redevelopment projects.”

Bollywood Connections

The Bollywood connection further elevates the brand’s prestige. In a private placement in December 2024, the company raised approximately ₹400 crore by issuing 26.61 million shares at ₹150 each.

Among prominent buyers, Amitabh Bachchan invested ₹10 crore, acquiring about 6.7 lakh shares, while the Shah Rukh Khan Family Trust took around 6.75 lakh shares for ₹10.1 crore.

Highlight Project: Shree Amrit Society Redevelopment

One notable project, Shree Amrit Society on Carter Road, Bandra, where Shah Rukh Khan owns a cherished sea-facing terrace apartment, is currently being redeveloped by Sri Lotus Developers. This holds special significance as Khan’s first Mumbai property purchase post-marriage, symbolizing the unique personal and professional synergy between the developer and its star stakeholders.

Conclusion

This IPO launch signals not only capital infusion but also a testament to Sri Lotus Developers’ ambition to reshape Mumbai’s luxury real estate market, blending celebrity trust and urban sophistication.