Sri Lotus Developers IPO: Is this an IPO or a good of movie stars…it appears to be one thing like this. Amitabh Bachchan, Shahrukh Khan, Sara Ali Khan, Hrithik Roshan and Rajkumar Rao have invested within the upcoming IPO of Shree Lotus Developers and Reality Limited. It is obvious from the funding of cinematic giants on this IPO which plans to boost Rs 792 crore that the participation of celebrities is rising in India’s booming IPO market.
6.75 lakh shares given to Shahrukh Khan
According to the prospectus launched by Shree Lotus Developers and Reality on December 24, 06 lakh 75 thousand shares have been allotted to Shahrukh Khan’s Family Trust. Similarly, Amitabh Bachchan has been given 06 lakh 66 thousand 670 shares. Hrithik Roshan has been given 70 thousand shares and Tiger Shroff has been given 33 thousand 300 shares. The names of Rakesh Roshan, Sajid Nadiadwala, Ashish Kacholia, Ekta Ravi Kapoor, Tushar Ravi Kapoor and Jitendra Kapoor are additionally on this checklist.
Ashish is known for figuring out multi bagger shares.
According to the report of Economic Times, names of many different movie personalities together with Ajay Devgan are included on this checklist. The most surprising identify is that of Ashish Kacholia. Ashish Kacholia is known for figuring out multibagger shares. For this cause he’s also called Big Whale within the Indian Stock Market.
Permission sought from SEBI in December
Mumbai-based actual property developer firm Shree Lotus Developers and Reality Limited had filed a draft with SEBI in December itself, searching for permission for IPO. This developer develops residential and industrial properties in Mumbai and its surrounding areas. There can be no provide on the market on this IPO. All can be public and recent points. The face worth of every share has been saved at Re 1 per share.
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