Description

Allocation of 15,799,999 equity shares to 16 anchor investors at Rs. 150 per share for Sri Lotus Developers IPO worth Rs. 2,370 million.

Summary

Sri Lotus Developers and Realty Limited has completed allocation of equity shares to anchor investors as part of its Initial Public Offering (IPO). The company allocated 15,799,999 equity shares at Rs. 150 per share to 16 anchor investors, raising Rs. 2,369,999,950. The IPO comprises a fresh issue of equity shares with face value of Re. 1 each, aggregating up to Rs. 7,920 million.

Key Points

  • Total anchor allocation: 15,799,999 equity shares at Rs. 150 per share
  • Total amount raised from anchors: Rs. 2,369,999,950
  • Face value: Re. 1 per share with premium of Rs. 149 per share
  • 16 anchor investors participated in the allocation
  • Domestic mutual funds received 33.76% of anchor allocation (5,333,500 shares to 3 funds)
  • Book Running Lead Managers: Monarch Networth Capital Limited and Motilal Oswal Investment Advisors Limited

Key Anchor Investors

  • SOCIETE GENERALE ODI: 3,000,200 shares (18.99%)
  • TATA MUTUAL FUND - TATA SMALL CAP FUND: 2,333,400 shares (14.77%)
  • MAHINDRA MANULIFE MULTI CAP FUND: 1,380,700 shares (8.74%)
  • NIPPON INDIA EQUITY OPPORTUNITIES AIF - SCHEME 9: 1,333,400 shares (8.44%)
  • SAMSUNG INDIA SMALL AND MID CAP FOCUS SECURITIES: 1,000,000 shares (6.33%)

Company Details

  • Company: Sri Lotus Developers and Realty Limited (formerly AKP Holdings Limited)
  • CIN: U68200MH2015PLC262020
  • Sector: Real Estate Development
  • Registered & Corporate Office: 5th & 6th Floor, Lotus Tower, Juhu, Mumbai 400049

IPO Structure

  • Total IPO size: Up to Rs. 7,920 million
  • Issue type: Fresh issue of equity shares
  • Anchor allocation completed on July 29, 2025
  • IPO Committee finalized allocations in consultation with Book Running Lead Managers

Impact Assessment

The successful anchor allocation indicates strong institutional interest in the real estate sector IPO. The participation of prominent mutual funds and foreign institutional investors suggests confidence in the company’s business model and growth prospects. The anchor allocation represents a significant portion of the total IPO size and provides a strong foundation for the public offering.

Impact Justification

IPO anchor allocation for real estate company with significant size but sector-specific impact