Today, Sri Lotus Developers and Realty will begin its Rs 792 crore first public offering. The goal of the IPO is to increase investor interest in the luxury real estate sector in Mumbai. The money will be used for regular business requirements and to support existing projects. Potential investors are advised by analysts to think about subscribing in order to profit from listing advantages and long-term returns.
IPO Alert: Sri Lotus Developers Opens Bidding Today at 29% Grey Market Premium
In a bid to attract investors to Mumbai’s premium real estate market, Sri Lotus Developers and Realty will launch its Rs 792 crore initial public offering (IPO) today. On August 1, the offering, which is a brand-new offer of 5.28 crore shares, will conclude. With a lot size of 100 shares, the price range has been fixed at Rs 140–150 per share.
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