New Delhi, July 29 -- Sri Lotus Developers and Realty Ltd, a Mumbai-based luxury real estate developer, is seeking to raise Rs.792 crore through its initial public offering, which is scheduled to open on 30 July. But this isn't just another real estate IPO. Several factors make Lotus Developers's IPO stand out.

The entire IPO is a fresh issue of shares-not a single promoter is selling. That means all the proceeds will go to the company, primarily to support its ongoing projects. Lotus Developers plans to use Rs.550 crore of the IPO proceeds for funding construction and development, and the rest for general corporate expenses.A long list of marquee names has invested in the company-actors Shah Rukh Khan, Amitabh Bachchan, Tiger Shroff, Ma...