If you look at the reports of the last few years, then 2024 will be a year when the IPO boom has earned investors a huge amount of Rs 1.6 lakh crore. These investors are not just small retail investors but also top Bollywood celebrities. When Swiggy's IPO came, many Bollywood actors also invested in it. A similar IPO is coming again, in which everyone from Shahrukh Khan to Amitabh Bachchan and Ekta Kapoor have invested. The company is related to the real estate sector. In such a situation, the question arises whether you i.e. a small retail investor should invest money in this IPO. Let's understand the details.

Who brought this IPO

This IPO has been brought by Lotus Developers and Real Estate. Earlier it was known as AKP Holdings, but now its name has been changed to Lotus Developers and Real Estate. This company specializes in premium real estate projects and high-end residential and commercial properties. Famous Bollywood stars like Amitabh Bachchan, Shahrukh Khan, Hrithik Roshan, and Ajay Devgan have invested in it, which has made this IPO even more special.

There is a plan to raise so many crores of rupees.

Lotus Developers and Real Estate sold 2.7 crore shares on December 4, which were priced at Rs 150 per share. The company has raised Rs 407.6 crore from this sale. This amount will help the company with its new projects and development. The company aims to raise Rs 1,000 crore from this IPO so that it can complete more property projects and strengthen its market position.

These Bollywood giants have invested money.

In this IPO, Bollywood veteran actor Amitabh Bachchan bought 6.7 lakh shares, whose total value was around Rs 10 crore. Shahrukh Khan bought 6.75 lakh shares for his family trust, which were worth Rs 10.1 crore. Apart from this, stars like Hrithik Roshan and Ajay Devgan have also invested in it. The investment of these famous stars in this IPO is making it more attractive and increasing the confidence of investors.

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