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News18
an hour ago
- Business
- News18
Sri Lotus Developers IPO subscribed 69.14 times
New Delhi, Aug 1 (PTI) The initial public offer of Sri Lotus Developers and Realty Ltd, backed by Bollywood stars and renowned investor Ashish Kacholia, was subscribed 69.14 times on the final day of bidding on Friday. The initial share sale received bids for 2,74,18,69,400 shares against 3,96,58,730 shares on offer, according to NSE data. The category for qualified institutional buyers (QIBs) got subscribed a huge 163.90 times, while the quota for non-institutional investors received 57.71 times subscription. Retail individual investors (RIIs) attracted 20.28 times subscription. Sri Lotus Developers on Tuesday raised Rs 237 crore from institutional investors. The company has fixed a price band of Rs 140-150 per share for the IPO. Its IPO is entirely a fresh issue of shares worth Rs 792 crore with no Offer For Sale (OFS) component. Proceeds from the fresh issue will be used for investment in its subsidiaries, Richfeel Real Estate Pvt Ltd, Dhyan Projects Pvt Ltd and Tryksha Real Estate Pvt Ltd for part-funding the development and construction cost of its ongoing projects, Amalfi, The Arcadian and Varun, respectively; besides, a portion will be used for general corporate purposes. The Anand Kamalnayan Pandit-promoted company is a real estate developer engaged in the construction of residential and commercial premises in Mumbai, Maharashtra, with a focus on redevelopment projects in the ultra luxury and luxury segments in the western suburbs. Monarch Networth Capital and Motilal Oswal Investment Advisors are the book-running lead managers of the public issue. PTI SUM SUM BAL BAL view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
9 hours ago
- Business
- Time of India
Sri Lotus Developers IPO booked 10.34 times on day 2 of offer
NEW DELHI: The initial share sale of Sri Lotus Developers and Realty Ltd, a real estate company backed by Bollywood stars and renowned investor Ashish Kacholia , got subscribed 10.34 times on Thursday, the second day of bidding. The initial public offer (IPO) received bids for 40,99,20,100 shares against 3,96,58,730 shares on offer, according to data available with the NSE. The category for non-institutional investors got subscribed 15.95 times while the portion for Retail Individual Investors (RIIs) garnered 8.89 times subscription. The quota for Qualified Institutional Buyers (QIBs) got subscribed 8.69 times. Sri Lotus Developers on Tuesday raised Rs 237 crore from institutional investors. The initial public offering (IPO) will conclude on Friday. The company has fixed a price band of Rs 140-150 per share for the IPO. The IPO is entirely a fresh issue of shares worth Rs 792 crore with no Offer For Sale (OFS) component. Proceeds from the fresh issue will be used for investment in its subsidiaries, Richfeel Real Estate Pvt Ltd, Dhyan Projects Pvt Ltd and Tryksha Real Estate Pvt Ltd for part-funding the development and construction cost of its ongoing projects, Amalfi, The Arcadian and Varun, respectively; besides, a portion will be used for general corporate purposes. The Anand Kamalnayan Pandit-promoted company is a real estate developer engaged in the construction of residential and commercial premises in Mumbai , Maharashtra, with a focus on redevelopment projects in the ultra luxury and luxury segments in the western suburbs. Monarch Networth Capital and Motilal Oswal Investment Advisors are the book-running lead managers of the public issue.
News18
a day ago
- Business
- News18
Sri Lotus Developers IPO booked 10.34 times on day 2 of offer
New Delhi, Jul 31 (PTI) The initial share sale of Sri Lotus Developers and Realty Ltd, a real estate company backed by Bollywood stars and renowned investor Ashish Kacholia, got subscribed 10.34 times on Thursday, the second day of bidding. The initial public offer (IPO) received bids for 40,99,20,100 shares against 3,96,58,730 shares on offer, according to data available with the NSE. The category for non-institutional investors got subscribed 15.95 times while the portion for Retail Individual Investors (RIIs) garnered 8.89 times subscription. The quota for Qualified Institutional Buyers (QIBs) got subscribed 8.69 times. Sri Lotus Developers on Tuesday raised Rs 237 crore from institutional investors. The initial public offering (IPO) will conclude on Friday. The company has fixed a price band of Rs 140-150 per share for the IPO. The IPO is entirely a fresh issue of shares worth Rs 792 crore with no Offer For Sale (OFS) component. Proceeds from the fresh issue will be used for investment in its subsidiaries, Richfeel Real Estate Pvt Ltd, Dhyan Projects Pvt Ltd and Tryksha Real Estate Pvt Ltd for part-funding the development and construction cost of its ongoing projects, Amalfi, The Arcadian and Varun, respectively; besides, a portion will be used for general corporate purposes. The Anand Kamalnayan Pandit-promoted company is a real estate developer engaged in the construction of residential and commercial premises in Mumbai, Maharashtra, with a focus on redevelopment projects in the ultra luxury and luxury segments in the western suburbs. Monarch Networth Capital and Motilal Oswal Investment Advisors are the book-running lead managers of the public issue. PTI SUM SUM SHW (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
a day ago
- Business
- Time of India
Sri Lotus Developers IPO subscribed 3.59 times on day 1
NEW DELHI: Sri Lotus Developers and Realty Ltd, a real estate company backed by Bollywood stars and renowned investor Ashish Kacholia , saw its initial public offer getting subscribed 3.59 times on the first day of bidding on Wednesday. The IPO received bids for 14.23 crore (14,23,86,800) equity shares against 3.96 crore (3,96,58,730) equity shares on offer, according to data available with the NSE. Qualified Institutional Buyers' (QIBs) category attracted 5.31 times subscription while the quota for non institutional investors got subscribed 3.10 times. Retail Individual Investors (RIIs) part fetched 2.82 times subscription. Sri Lotus Developers on Tuesday raised Rs 237 crore from institutional investors. The initial public offering (IPO) will conclude on August 1. The company has fixed a price band of Rs 140-150 per share for the IPO. The IPO is entirely a fresh issue of shares worth Rs 792 crore with no Offer For Sale (OFS) component. Proceeds from the fresh issue will be used for investment in its subsidiaries, Richfeel Real Estate Pvt Ltd, Dhyan Projects Pvt Ltd and Tryksha Real Estate Pvt Ltd for part-funding the development and construction cost of its ongoing projects, Amalfi, The Arcadian and Varun, respectively; besides, a portion will be used for general corporate purposes. The Anand Kamalnayan Pandit-promoted company is a real estate developer engaged in the construction of residential and commercial premises in Mumbai, Maharashtra, with a focus on redevelopment projects in the ultra luxury and luxury segments in the western suburbs. Monarch Networth Capital and Motilal Oswal Investment Advisors are the book running lead managers of the public issue.
News18
2 days ago
- Business
- News18
Sri Lotus Developers IPO sails through on Day 1; subscribed 3.59 times
New Delhi, Jul 30 (PTI) Sri Lotus Developers and Realty Ltd, a real estate company backed by Bollywood stars and renowned investor Ashish Kacholia, saw its initial public offer getting subscribed 3.59 times on the first day of bidding on Wednesday. The IPO received bids for 14.23 crore (14,23,86,800) equity shares against 3.96 crore (3,96,58,730) equity shares on offer, according to data available with the NSE. Qualified Institutional Buyers' (QIBs) category attracted 5.31 times subscription while the quota for non institutional investors got subscribed 3.10 times. Retail Individual Investors (RIIs) part fetched 2.82 times subscription. Sri Lotus Developers on Tuesday raised Rs 237 crore from institutional investors. The initial public offering (IPO) will conclude on August 1. The company has fixed a price band of Rs 140-150 per share for the IPO. The IPO is entirely a fresh issue of shares worth Rs 792 crore with no Offer For Sale (OFS) component. Proceeds from the fresh issue will be used for investment in its subsidiaries, Richfeel Real Estate Pvt Ltd, Dhyan Projects Pvt Ltd and Tryksha Real Estate Pvt Ltd for part-funding the development and construction cost of its ongoing projects, Amalfi, The Arcadian and Varun, respectively; besides, a portion will be used for general corporate purposes. The Anand Kamalnayan Pandit-promoted company is a real estate developer engaged in the construction of residential and commercial premises in Mumbai, Maharashtra, with a focus on redevelopment projects in the ultra luxury and luxury segments in the western suburbs. Monarch Networth Capital and Motilal Oswal Investment Advisors are the book running lead managers of the public issue. PTI SUM SUM MR (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
