Description

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

Summary

BSE has listed the equity shares of Sri Lotus Developers and Realty Limited (formerly AKP Holdings Limited) with comprehensive lock-in details. The company’s shares are subject to various lock-in periods ranging from 30 days to 3 years depending on the category of shareholders.

Key Points

  • Total equity shares listed: 48,87,23,710 shares
  • Company CIN: U68200MH2015PLC262020
  • Registered Office: 5th & 6th Floor, Lotus Tower, Mumbai-400049
  • All shares are in demat form
  • Multiple lock-in categories with different time periods
  • Foreign investment lock-in compliance as per FDI Policy

Lock-in Categories

  • Promoter/Pre-Issue shares: Lock-in periods of 1-3 years from August 4, 2025
  • Anchor Investors: 78,99,999 shares locked for 30 days (until September 2, 2025) and 79,00,000 shares locked for 90 days (until November 1, 2025)
  • FDI compliance: Foreign investor shares locked for 3 years as per FDI Policy
  • Public IPO shares: 3,70,13,725 shares not under lock-in

Important Dates

  • Listing Date: August 4, 2025
  • Anchor lock-in expiry (30 days): September 2, 2025
  • Anchor lock-in expiry (90 days): November 1, 2025
  • Various promoter lock-in expiries: February 5, 2026 to August 5, 2028
  • FDI lock-in periods: 3 years from respective investment dates

Compliance Requirements

  • Lock-in details as per page 114-117 of company prospectus
  • FDI Policy compliance for foreign investors
  • All shares maintained in demat form
  • Company Secretary: Ankit Kumar Tater (Membership No.: A57623)

Impact Assessment

The listing introduces a new real estate development company to BSE with significant lock-in provisions that will limit immediate trading volume. The staggered lock-in release schedule will gradually increase available float over the next 3 years, potentially affecting price discovery and liquidity patterns.

Impact Justification

New equity listing with detailed lock-in provisions affecting trading availability