New Delhi, July 30 -- The initial public offering of Sri Lotus Developers, a real estate firm backed by Bollywood celebrities and prominent investor Ashish Kacholia, will open for subscription on Wednesday, July 30, and will close on Friday, August 1. The Sri Lotus Developers IPO price band has been established at Rs.140-150 per share.

On Tuesday, July 29, the company secured Rs.237 crore from institutional investors in advance of its IPO opening for subscriptions. Among those who received shares in the anchor round are Tata Mutual Fund (MF), Mahindra Manulife MF, Nippon India MF, Nuvama Asset Management, HSBC MF, SBI MF, Citigroup Global Markets Mauritius, Nomura Singapore Ltd, and Future Generali India Life Insurance Co. Ltd, as stated...