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Sri Lotus Developers Listing Today: Shares of Sri Lotus Developers and Realty (LOTUSDEV) made a stock market debut on Wednesday, August 6, at nearly 20 per cent premium over the IPO price of Rs 150 on both the BSE and NSE.

At this level, the real estate company's market capitalisation stood at Rs 662.91 crore, according to BSE data.

On the NSE, the stock opened at Rs 178.00, an 18.67 per cent gain over the issue price of Rs 150. Meanwhile, on the BSE, the stock opened at Rs 179.10, a 19.40 per cent rise from the IPO price.

Sri Lotus Developers IPO highlights

The IPO proceeds will be used for the development of ongoing and future projects, debt reduction, and general corporate purposes.

Sri Lotus Developers’ IPO saw good demand across all investor categories, closing with a total subscription of 74.10 times. Here is a category-wise subscription summary:

Sri Lotus Developers is a prominent player in the Indian real estate sector, focusing on residential and commercial development. The company is known for its execution track record, customer-centric approach, and presence in key growth markets.

(This story will be updated shortly.)

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