Sri Lotus Developers and Realty Ltd made a strong debut on the BSE today, listing at ₹178 per share — a premium of 18.7% over the issue price of ₹150. The stock opened for trading at 10:00 AM as part of the Special Pre-open Session (SPOS) and was placed under the ‘B’ group of securities.
The ₹792 crore public issue was entirely a fresh issue comprising 5.28 crore equity shares. The IPO, which was open between July 30 and August 1, witnessed massive investor interest. It was subscribed 69.14 times overall. The Qualified Institutional Buyers (QIB) segment led with a subscription of 163.90 times, followed by Non-Institutional Investors at 57.71 times and Retail Investors at 20.28 times.
The price band was fixed between ₹140 and ₹150 per share, and listing gains were largely in line with grey market premium (GMP) expectations. Motilal Oswal Investment Advisors acted as the lead manager, while Kfin Technologies served as the registrar for the IPO.
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