Description

BSE circular detailing lock-in arrangements for equity shares of Sri Lotus Developers and Realty Limited following their IPO listing.

Summary

BSE has issued lock-in details for Sri Lotus Developers and Realty Limited (formerly AKP Holdings Limited) following their IPO listing. The circular specifies lock-in periods for different categories of shareholders including promoters, anchor investors, and foreign investors, with varying lock-in durations ranging from 30 days to 3 years.

Key Points

  • Total equity shares: 48,87,23,710 shares across different lock-in categories
  • Lock-in periods vary from 30 days (anchor investors) to 3 years (foreign investors under FDI policy)
  • All shares are in demat form
  • Company formerly known as AKP Holdings Limited
  • Registered office located in Mumbai, Maharashtra

Lock-in Categories

Promoter Lock-in (1-3 years):

  • Various tranches with lock-in periods from August 2025 to August 2028
  • Majority locked until February 2026 or August 2026

Foreign Investor Lock-in (3 years):

  • As per FDI Policy requirements
  • Lock-in calculated from each tranche of foreign investment

Anchor Investor Lock-in:

  • 78,99,999 shares locked for 30 days (until September 2, 2025)
  • 79,00,000 shares locked for 90 days (until November 1, 2025)

Public Issue Shares:

  • 3,70,13,725 shares not under lock-in (freely tradable)

Important Dates

  • Lock-in commencement: August 4, 2025
  • Anchor investor 30-day lock-in expires: September 2, 2025
  • Anchor investor 90-day lock-in expires: November 1, 2025
  • Various promoter lock-ins expire: February 2026 to August 2028
  • Foreign investor lock-ins: 3 years from respective investment dates

Impact Assessment

The lock-in arrangements will limit the immediate supply of shares in the secondary market, potentially supporting price stability post-IPO. The staggered release of locked-in shares over different periods will gradually increase tradable float, with significant releases expected in February and August 2026.

Impact Justification

Standard IPO listing circular with lock-in details affecting share tradability