Sri Lotus Developers and Realty stock jump over 19% in market debut

Sri Lotus Developers IPO Lists at ₹195.80 With 19% Premium

Sri Lotus Developers made a solid entry on the NSE today, listing at ₹195.80, nearly 19% above its issue price of ₹165. The real estate player surprised the Street with stronger-than-expected debut strength, defying mild grey market expectations heading into Wednesday’s session. There was no institutional muscle behind this IPO, but that didn’t matter. Retail investors and high-net-worth individuals showed up in full force, pushing the issue to n

Sri Lotus Builders And Realty Inventory Leap Over 19% In market Debut

Shares of Sri Lotus Builders and Realty, backed by Bollywood stars and famend investor Ashish Kacholia, on Wednesday listed with a premium of greater than 19 per cent in opposition to the problem value of Rs…

Sri Lotus Developers and Realty stock jump over 19% in market debut

New Delhi: Shares of Sri Lotus Developers and Realty, backed by Bollywood stars and renowned investor Ashish Kacholia, on Wednesday listed with a premium of more than 19 per cent against the issue price of Rs 150. The company's stock is listed at Rs 179.10, a jump of 19.4 per cent from the issue price on the BSE. Later, it rose by 22.27 per cent to trade at Rs 183.40 on the exchange. On the NSE, it climbed 18.67 per cent to Rs 178 in the initial…