New Delhi, Aug. 1 -- The initial public offer for Sri Lotus Developers saw a stellar response from investors by the end of the third day of the bidding process on Friday, August 1. The issue is backed by several prominent names, including Shah Rukh Khan Family Trust, Amitabh Bachchan, Hrithik Roshan, and Ashish Kacholia.

The Rs.792 crore issue opened for subscription on July 30 in the price band of Rs.140 to Rs.150 per share. The issue was entirely a fresh sale of 5.28 crore shares, meaning all the proceeds from the offer would be received by the company.

The company plans to use a major chunk of the proceeds raised for investment in the subsidiaries - Richfeel Real Estate Private Limited, Dhyan Projects Private Limited and Tryksha Real...