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Sri Lotus Developers IPO: Is this an IPO or a fair of film stars…it seems to be something like this. Amitabh Bachchan, Shahrukh Khan, Sara Ali Khan, Hrithik Roshan and Rajkumar Rao have invested in the upcoming IPO of Shree Lotus Developers and Reality Limited. It is clear from the investment of cinematic giants in this IPO which plans to raise Rs 792 crore that the participation of celebrities is increasing in India’s booming IPO market.
6.75 lakh shares were given to Shah Rukh Khan
According to the prospectus issued by Shree Lotus Developers and Reality on December 24 Shahrukh Khan 06 lakh 75 thousand shares have been allotted to the 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, Tusshar Ravi Kapoor and Jitendra Kapoor are also in this list.
Ashish is famous for identifying multi bagger stocks.
According to the report of Economic Times, names of many other film personalities including Ajay Devgan are included in this list. The most shocking name is that of Ashish Kacholia. Ashish Kacholia is famous for identifying multibagger stocks. For this reason he is also known as Big Whale in the Indian Stock Market.
Permission sought from SEBI in December
Mumbai-based real estate developer company Shree Lotus Developers and Reality Limited had filed a draft with SEBI in December itself, seeking permission for IPO. This developer develops residential and commercial properties in Mumbai and its surrounding areas. There will be no offer for sale in this IPO. All will be public and fresh issues. The face value of each share has been kept at Re 1 per share.
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