Sri Lotus Developers IPO sees 5% subscription on Day 1 so far. Should You Apply? Check GMP, Review & Key Details

Sri Lotus Developers’ IPO opened on July 30, witnessing 5% subscription driven by retail and NII investors. The IPO, priced at Rs 140-150, closes on August 1, with grey market premium indicating potential 29% listing gains. Anand Rathi suggests subscribing for the long term, citing strong fundamentals and Mumbai’s luxury housing demand.

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