Market Buzz: Ace Investor Ashish Kacholia Backs Sri Lotus Developers Ahead of ₹792 Cr IPO

Published on Wednesday, July 23, 2025 by Chittorgarh.com Team | Modified on Monday, December 1, 2025

Market Buzz: Ace Investor Ashish Kacholia Backs Sri Lotus Developers Ahead of ₹792 Cr IPO

One of India’s respected equity investors, Ashish Kacholia, known for his sharp market instincts and big bets on high-growth companies, has made a strategic ₹50 crore investment in Sri Lotus Developers & Realty Ltd., a Mumbai-based real estate firm gearing up for its ₹792 crore IPO.

Ashish Kacholia, often known as the “Big Whale” of the Indian stock market, is the man behind Lucky Investment Managers. He manages a massive portfolio worth over ₹3,385 crore and is well-known for spotting small companies that later turn into big success stories.

Ashish Kacholia’s early smart picks include Safari Industries, Beta Drugs, NIIT Learning Systems, Shaily Engineering Plastics, Zaggle Prepaid Ocean Services and more. His ability to choose winning stocks has made him very popular among retail investors and institutional investors alike.

Sri Lotus Developers raised ₹400 crore in a private round by issuing 2.66 crore shares at ₹150 each. Among the high-profile investors

  • Ashish Kacholia: 33.33 lakh shares for ₹50 Cr
  • Amitabh Bachchan: 6.7 lakh shares for ₹10 Cr
  • Shah Rukh Khan Family Trust: 6.75 lakh shares for ₹10.1 Cr
  • Hrithik Roshan: 70,000 shares worth over ₹1 Cr

This elite roster of investors is a strong vote of confidence in the company's future prospects. Read More: Bollywood Backs the Blockbuster IPO of Sri Lotus Developers

Sri Lotus Developers, incorporated in 2015, is making waves in the luxury real estate segment, with a strong focus on ultra-luxury residential and commercial redevelopment projects in Mumbai's western suburbs. As of June 2025, the company possesses 0.93 million sq. ft. of developable area and has shown stunning growth:

  • Revenue rose from ₹169.95 Cr (FY23) to ₹569.28 Cr (FY25)
  • Profit after tax jumped from ₹16.8 Cr to ₹227.89 Cr in just two years
  • Maintains a low debt-equity ratio of 0.13 and an impressive ROE of 24.39%

Read More: Sri Lotus Developers Financial Information

This strong financial performance, backed by real estate tailwinds, makes the IPO a compelling opportunity for both institutions and retail investors.

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