Newly listed stock backed by Ashish Kacholia with strong FY26 guidance to keep on your radar

Shares of this newly listed stock made a strong debut in the stock market on Wednesday, 6th August, listing at nearly a 19 percent premium on both the NSE and BSE. The company has established a foothold in the ultra-luxury and luxury real estate market of the western suburbs of Mumbai.

We are talking about Sri Lotus Developers and Realty Limited, formerly known as AKP Holdings Limited, which is primarily engaged in the business of real estate development of residential and commercial projects.

The company’s shares opened at Rs. 179.1 on the BSE, reflecting a 19.4 percent gain over its IPO price of Rs. 150, and at Rs. 178 on the NSE, marking an 18.67 percent premium. The listing closely matched grey market premium (GMP) expectations, with the IPO’s GMP at Rs. 27 ahead of the debut, suggesting around an 18 percent premium. Following the listing, the shares continued to gain, hitting a 10 percent upper circuit and closing at Rs. 197 on the BSE and Rs. 195.8 on the NSE.

Management Guidance

The company currently has five projects under construction and, as a product-focused developer, aims to complete each within a 2.5 to 3-year timeline. In FY26, it plans to launch six to seven new projects. Over the next 18 months, around 16 projects are expected to be initiated.

The management sees significant long-term potential in the micro-markets where it already operates and intends to continue focusing on these areas over the next 5 to 7 years. While it remains open to exploring new micro-markets beyond that period, its core focus will continue to be on the luxury segment.

Prominent Investors

Ashish Kacholia holds about 33.3 lakh equity shares, while the Shah Rukh Khan Family Trust and Amitabh Bachchan hold around 6.75 lakh and 6.66 lakh shares, respectively. Other investors included Hrithik Roshan, Rakesh Roshan, Ektaa Kapoor, Tusshar Kapoor, Sajid Nadiadwala, Tiger Shroff, Jackie Shroff, and Manoj Bajpayee, with smaller allocations.

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Financials & More

Sri Lotus Developers reported a significant growth in its consolidated total income, showing a year-on-year rise of around 22 percent from Rs. 466.2 crores in FY24 to Rs. 569.3 crores in FY25. Similarly, its net profit increased during the same period from Rs. 119 crores to Rs. 228 crores, representing a growth of around 92 percent YoY.

Sri Lotus Developers & Realty Limited raised around Rs. 792 crores through its public issue, which was open for subscription from 30th July 30 to 1st August. The offering consisted entirely of a fresh issue of 5.28 crore equity shares and attracted interest from both institutional investors and notable personalities from the film industry.

The company intends to allocate Rs. 550 crore from the proceeds towards investments in its subsidiaries – Richfeel Real Estate Private Limited, Dhyan Projects Private Limited, and Tryksha Real Estate Private Limited – to partially finance the development and construction costs of their ongoing projects. The remaining funds will be used for general corporate purposes.

Written by Shivani Singh

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