With the support of Bollywood stars and senior investor Ashish Kacholia, the IPO of Real Estate Company Mr Lotus Developers and Realty Limited was listed today. Shares of Shri Lotus Developers made a strong debut on Wednesday, August 7, and about 90% of premiums on both exchanges. On BSE, the share of Shri Lotus Developers was opened at Rs. 19.9, which is 19.8% higher than its Rs. On NSE, the share of Shri Lotus Developers was listing at Rs 5 with a premium of 8.5 percent. The company has a share from Shah Rukh Khan to Amitabh Bachchan.
How many subscribers were
The figure received a lot of response in three days. The issue, which runs from July 1 to August 8, was booked by 5.5 times. Retail share was 5 times a year, NII received 5.5 times and QIB 5 times subscriber. The IPO also had a staff quota, for which the tender was received 21.37 times. Shri Lotus Developers raised Rs 2 crore from institutional investors on Tuesday. For the IPO, the company has fixed a stock price band of Rs.
What is the other detail
This IPO of Rs. The amount from these new issues will be used partially for the development and supply of current projects such as Richfill Real Estate Private Limited, Meditation Projects Private Limited and TRICA Real Estate Private Limited. In addition, a part will be spent on normal corporate functioning. The company, led by Anand Kamalnayan Pandit, is a real estate developer involved in the construction of residential and commercial complexes in Mumbai.
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