IPO Update: The bollywood scene is abuzz with one particular IPO, attracting investments from icons like amitabh and Shahrukh.

Looking at the trends from recent years, 2024 is projected to be a year when the IPO surge has yielded investors a remarkable Rs 1.6 lakh crore. These investors aren't just regular retail participants; they include prominent bollywood celebrities. When swiggy launched its IPO, numerous bollywood stars also jumped on the investment bandwagon. Another similar IPO is on the horizon, drawing interest from shahrukh khan, amitabh bachchan, and ekta Kapoor, all of whom have invested. The company involved is in the real estate field, leading to the question of whether retail investors should consider putting their money into this IPO. Let's delve into the specifics.Who is behind this IPO?

The IPO has been introduced by lotus Developers and Real Estate. Previously operating under the name AKP Holdings, the company has since rebranded to lotus Developers and Real Estate. This outfit focuses on premium real estate endeavors, including upscale residential and commercial spaces. With notable figures like amitabh bachchan, shahrukh khan, hrithik roshan, and ajay Devgan investing, this IPO has gained additional significance.

The company plans to raise this much capital.

Lotus Developers and Real Estate issued 2.7 crore shares on december 4, priced at Rs 150 each. From this sale, the company has secured Rs 407.6 crore, which will support its future projects and developments. The goal is to gather Rs 1,000 crore from this IPO to facilitate the completion of more property ventures and enhance its competitive position.

These bollywood stars have committed their funds.


In this IPO, iconic actor amitabh bachchan has purchased 6.7 lakh shares, valued at approximately Rs 10 crore. shahrukh khan has acquired 6.75 lakh shares for his family trust, amounting to Rs 10.1 crore. Additionally, stars like hrithik roshan and ajay Devgan have also made investments. The participation of these well-known personalities in the IPO is boosting its appeal and bolstering investor confidence.
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G GOWTHAM

27/12/2024 09:54 PM