Latest news with #SriLotusDevelopers
Time of India
3 days ago
- Business
- Time of India
Sri Lotus Developers and Realty stock rallies over 31% in debut trade
NEW DELHI: Shares of Sri Lotus Developers and Realty , backed by renowned investor Ashish Kacholia , closed the first day of trade with a premium of more than 31 per cent against the issue price of Rs 150 on Wednesday. The stock listed at Rs 179.10, up by 19.4 per cent from the issue price on the BSE. During the day, the shares of Sri Lotus Developers and Realty surged 31.3 per cent to hit a high of Rs 197 apiece. Later, shares settled at Rs 196.85, up 31.23 per cent. On the NSE, the stock climbed 18.67 per cent to Rs 178 in the initial trade. Later, the shares of the company bounced closed at Rs 195.80, up 30.53 per cent, also its upper price band. At the market close, the company's market valuation stood at Rs 9,620.53 crore on the BSE. In volume terms, 9.18 crore equity shares were traded on the NSE while 1.69 crore shares changed hands on the BSE, during the day. The Rs 792 crore Initial Public Offering (IPO) was subscribed 69.14 times on the final day of bidding on Friday. 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. 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.
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Business Standard
4 days ago
- Business
- Business Standard
NSDL makes a strong debut on bourses, shares jump 17% on Wednesday
Shares of National Securities Depository Limited (NSDL) rose 17 per cent during their trading debut on the BSE on Wednesday. The stock listed at ₹880, a 10 per cent premium to its issue price of ₹800, and ended the session at ₹936. Its ₹4,011 crore IPO was subscribed 41 times. The institutional investor portion was subscribed 104 times, the wealthy investor portion 35 times, the retail investor portion nearly 8 times. The IPO was entirely an offer for sale issue. The selling shareholders included IDBI Bank, National Stock Exchange of India (NSE), and four other institutions. The IPO was necessitated as the Securities and Exchange Board of India (Sebi) norms prohibit any single entity from owning more than 15 per cent stake in any market infrastructure institution. NSDL pioneered the dematerialisation of securities in India. As of March 31, 2025, NSDL is the largest depository in India in terms of the number of issuers, the number of active instruments, the market share in demat value of settlement volume and the value of assets held under custody. However, the firm has lagged behind its rival CDSL in terms of the number of demat accounts opened with it. Sri Lotus Developers stock rallies over 31% in mkt debut Shares of Sri Lotus Developers and Realty, backed by renowned investor Ashish Kacholia, closed the first day of trade with a premium of more than 31 per cent against the issue price of ₹150 on Wednesday. The stock listed at ₹179.10, up by 19.4 per cent from the issue price on the BSE. During the day, the shares of Sri Lotus Developers and Realty surged 31.3 per cent to hit a high of ₹197 apiece. Later, shares settled at ₹196.85, up 31.23 per cent. On the NSE, the stock climbed 18.67 per cent to ₹178 in the initial trade. Later, the shares of the company bounced closed at ₹195.80, up 30.53 per cent, also its upper price band. At the market close, the company's market valuation stood at ₹9,620.53 crore on the BSE. In volume terms, 9.18 crore equity shares were traded on the NSE while 1.69 crore shares changed hands on the BSE, during the day. The ₹792 crore initial public offering (IPO) was subscribed 69.14 times on the final day of bidding on Friday. Sri Lotus Developers on Tuesday raised ₹237 crore from institutional investors. BlueStone Jewellery's public issue to open on Aug 11 BlueStone Jewellery and Lifestyle, which offers contemporary jewellery under its flagship brand 'BlueStone', on Wednesday fixed a price band of ₹492 to ₹517 per share for its initial public offering (IPO) .The company's maiden public issue will be open for subscription from August 11 to August 13, according to a IPO involves a fresh issue of ₹820 crore and offer for sale (OFS) of 1,39,39,063 equity shares worth ₹720.65 crore, at the upper end of the price band. Proceeds from the fresh issue will be used for its working capital requirements. Prestige Hospitality Ventures, 4 others get nod to go public As many as five companies, including Prestige Hospitality Ventures and Anand Rathi Share and Stock Brokers, have received Sebi's go ahead to raise funds through initial public offerings (IPOs), an update with the markets regulator showed on that received regulatory clearance are SSF Plastics India, Gujarat Kidney and Super Speciality, and EPack Prefab Technologies. These companies, which filed their preliminary IPO papers between January and April, obtained Sebi's observations during the week, as per the update.
Economic Times
5 days ago
- Business
- Economic Times
Sri Lotus Developers shares surge 4% after a strong market debut
Shares of Sri Lotus Developers made a strong debut on the stock exchanges today and extended their gains shortly after listing. The stock rose 3.8% post-listing to hit an intraday high of Rs 185.90, indicating sustained investor interest following its robust market entry. ADVERTISEMENT On the BSE, the stock opened at Rs 179.10, marking a 19.4% premium over its IPO price of Rs 150. It listed at Rs 178 on the NSE, reflecting an 18.7% premium. The solid listing was largely in line with expectations in the grey market, where the stock was quoting at a premium of around 18% ahead of its debut. The Rs 792 crore IPO, which was an entirely fresh issue of 5.28 crore shares, saw massive investor demand, closing with a stellar overall subscription of 74.10 times. The Qualified Institutional Buyers (QIB) segment saw the highest interest with a subscription of 175.61 times, followed by Non-Institutional Investors (61.82 times) and Retail Investors (21.77 times).Sri Lotus Developers, a Mumbai-based real estate company, focuses on ultra-luxury and luxury residential and commercial redevelopment projects, particularly in the city's affluent western suburbs. Its niche strategy and premium positioning in the real estate market have drawn considerable attention from both institutional and retail Tapse, Senior Vice President (Research) at Mehta Equities, shared his post-listing view: ADVERTISEMENT 'Despite prevailing market volatility, Sri Lotus Developers listed broadly in line with our expectations, supported by robust subscription and listing demand — a clear reflection of investor confidence in the company's focused strategy and niche positioning in the premium real estate segment. We believe Sri Lotus is well-positioned to capitalize on structural growth drivers in Mumbai's high-value residential market, backed by its strong execution capabilities and luxury-focused development pipeline. From an investment standpoint, we recommend allotted investors hold the stock for the long term to benefit from the premium housing growth story. For non-allotted investors, a 'Wait & Watch' stance is prudent, as any post-listing corrections may offer a more attractive entry point.' ADVERTISEMENT Also read: Jane Street guys are brilliant mathematicians, but we can have PhDs too: Sebi chief (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
5 days ago
- Business
- Time of India
Sri Lotus Developers shares surge 4% after a strong market debut
Shares of Sri Lotus Developers made a strong debut on the stock exchanges today and extended their gains shortly after listing. The stock rose 3.8% post-listing to hit an intraday high of Rs 185.90, indicating sustained investor interest following its robust market entry. On the BSE, the stock opened at Rs 179.10, marking a 19.4% premium over its IPO price of Rs 150. It listed at Rs 178 on the NSE, reflecting an 18.7% premium. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like War Thunder - Register now for free and play against over 75 Million real Players War Thunder Play Now Undo The solid listing was largely in line with expectations in the grey market, where the stock was quoting at a premium of around 18% ahead of its debut. The Rs 792 crore IPO, which was an entirely fresh issue of 5.28 crore shares, saw massive investor demand, closing with a stellar overall subscription of 74.10 times. The Qualified Institutional Buyers (QIB) segment saw the highest interest with a subscription of 175.61 times, followed by Non-Institutional Investors (61.82 times) and Retail Investors (21.77 times). Sri Lotus Developers, a Mumbai-based real estate company, focuses on ultra-luxury and luxury residential and commercial redevelopment projects, particularly in the city's affluent western suburbs. Its niche strategy and premium positioning in the real estate market have drawn considerable attention from both institutional and retail investors. Live Events Now that the stock is listed, should you buy now? Prashanth Tapse, Senior Vice President (Research) at Mehta Equities, shared his post-listing view: 'Despite prevailing market volatility, Sri Lotus Developers listed broadly in line with our expectations, supported by robust subscription and listing demand — a clear reflection of investor confidence in the company's focused strategy and niche positioning in the premium real estate segment. We believe Sri Lotus is well-positioned to capitalize on structural growth drivers in Mumbai's high-value residential market, backed by its strong execution capabilities and luxury-focused development pipeline. From an investment standpoint, we recommend allotted investors hold the stock for the long term to benefit from the premium housing growth story. For non-allotted investors, a 'Wait & Watch' stance is prudent, as any post-listing corrections may offer a more attractive entry point.' Also read: Jane Street guys are brilliant mathematicians, but we can have PhDs too: Sebi chief
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Business Standard
5 days ago
- Business
- Business Standard
Sri Lotus debuts at 19% premium: Analysts share post-listing strategy
Sri Lotus Developers IPO listing today: Shares of Mumbai-based luxury real estate developer Sri Lotus Developers made a solid debut on Dalal Street on Wednesday, August 6, 2025. The company's shares opened at ₹178 on the NSE, reflecting a premium of 18.6 per cent over the issue price of ₹150. After the listing, the stock jumped over 25 per cent from the listing price to ₹190. On the BSE, the stock opened at ₹179.1, up 19.4 per cent from the issue price. Post-listing, the stock was trading at ₹188, up 25 per cent from the listing price. The listing price of Sri Lotus Developers was in-line with the grey market estimates. Ahead of the listing, unlisted shares of Sri Lotus Developers were trading at ₹177, up ₹27 or 18 per cent from the issue price of ₹150, according to sources tracking unofficial markets. Sri Lotus Developers: Should yoy buy, sell or hold? Prashanth Tapse, senior vice president for Research at Mehta Equities said that despite prevailing market volatility, Sri Lotus Developers listed broadly in line with the expectations, supported by robust subscription and listing demand - a clear reflection of investor confidence in the company's focused strategy and niche positioning in the premium real estate segment. "We believe Sri Lotus is well-positioned to capitalize on structural growth drivers in Mumbai's high-value residential market, backed by its strong execution capabilities and luxury-focused development pipeline. From an investment standpoint, we recommend allotted investors to 'Hold' the stock for the long term to benefit from the premium housing growth story," he said. However, for non-allotted investors, a 'Wait and Watch' stance is prudent, as any post-listing corrections may offer a more attractive entry point, according to Tapse. On the other hand, Shivani Nyati, head of wealth at Swastika Investmart recommended investors to book partial profits around ₹178–180 while retaining some shares for further upside. "A stop-loss around ₹150–155 (close to issue price) could help manage downside risk", she added. Sri Lotus Developers IPO details Sri Lotus Developers IPO received a solid response from investors, with the issue being oversubscribed by 69.14 times. The portion reserved for Qualified institutional buyers (QIBs) was subscribed 163.9 times, the Sri Lotus Developers portion was subscribed 57.71 times, and the retail investors at 20.28 times. The ₹792-crore mainline IPO comprises a fresh issue of 52.8 million equity shares. There is no offer for sale (OFS) component. The company set the IPO price band in the range of ₹140 to ₹150. The public issue opened for subscription on Wednesday, July 30, 2025, and closed on Friday, August 1, 2025. Kfin Technologies is the registrar of the issue. Monarch Networth Capital and Motilal Oswal Investment Advisors are the book-running lead managers of the Sri Lotus Developers IPO. According to the Red Herring Prospectus (RHP), the company proposes to utilise the net fresh issue proceeds for investment in subsidiaries Richfeel Real Estate, Dhyan Projects and Tryksha Real Estate for part-funding development and construction costs of their ongoing projects, Amalfi, The Arcadian and Varun, respectively. The remaining funds will be used for general corporate purposes.
