Sri Lotus Developers and Realty’s ₹792-crore IPO allotment is expected today, following a massive 74.1 times oversubscription. Listing on BSE and NSE is slated for August 6, with grey market premium at 25% over the ₹150 issue price, signaling strong debut expectations. Retail, QIB, and NII investors showed robust interest, subscribing 21.77, 175.61, and 61.82 times their quotas, respectively.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets