The preliminary public providing of Mumbai-based actual property agency Sri Lotus Builders and Realty Ltd. closed with a powerful demand on Aug. 1. The mainboard IPO was total booked 69.14 occasions on the final day of subscription.
The general public provide obtained purposes for greater than 274.18 crore shares towards 3.7 crore shares obtainable for bidding.
The IPO witnessed an awesome response throughout all investor classes. The Certified Institutional Consumers (QIBs) led the demand by subscribing their quota 163.90 occasions. The retail portion of the IPO was booked 20.28 occasions, whereas the Non-Institutional Buyers (NIIs) subscribed the problem 57.71 occasions.
Following the profitable closure of the subscription window, the traders are ready for the corporate to finalise the share allotment standing. Sri Lotus Builders is scheduled to finalise the IPO allotment standing on Aug. 4.
Buyers who utilized for the IPO can test their allotment standing on the official web sites of the NSE, BSE and the problem registrar, Kfin Applied sciences Ltd.
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