Tag: Ashish Kacholia

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Sri Lotus Developers IPO Oversubscribed 69.14x

NEW DELHI: The initial public offering (IPO) of Sri Lotus Developers and Realty Ltd, featuring prominent Bollywood figures and notable investor Ashish Kacholia, was oversubscribed 69.14 times by the close of bidding on Friday. According to NSE data, the IPO received bids for 2,74,18,69,400 shares against an available 3,96,58,730 shares. The segment for qualified institutional buyers (QIBs) was particularly robust, with a subscription of 163.90 times, while non-institutional investors saw a subscription rate of 57.71 times. Retail individual investors (RIIs) contributed a subscription rate of 20.28 times. Sri Lotus Developers secured Rs 237 crore from institutional investors on Tuesday. The…

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Sri Lotus Developers IPO Secures 10.34x Subscription on Day 2

NEW DELHI: The initial public offering (IPO) of Sri Lotus Developers and Realty Ltd, a real estate firm backed by Bollywood celebrities and investor Ashish Kacholia, has been subscribed 10.34 times as of Thursday, the second day of bidding. According to data from the NSE, the offering received bids for 40,99,20,100 shares versus the 3,96,58,730 shares available. The non-institutional investor category was subscribed 15.95 times, while the segment for Retail Individual Investors (RIIs) saw an 8.89 times subscription rate. Meanwhile, the Qualified Institutional Buyers (QIBs) portion was subscribed 8.69 times. Earlier this week, Sri Lotus Developers secured Rs 237 crore…

IndustryLatest Stories

Sri Lotus Developers IPO Sees 3.59x Subscription on Day 1

NEW DELHI: Sri Lotus Developers and Realty Ltd, a real estate firm supported by Bollywood celebrities and prominent investor Ashish Kacholia, witnessed strong demand for its initial public offering (IPO), which was subscribed 3.59 times on its opening day of bidding on Wednesday. According to the National Stock Exchange (NSE), the IPO received bids for 14.23 crore (142,386,800) equity shares, surpassing the 3.96 crore (39,658,730) equity shares available. The Qualified Institutional Buyers (QIB) segment was particularly strong, achieving 5.31 times subscription, while the non-institutional investors’ allocation was subscribed 3.10 times. The Retail Individual Investors (RIIs) portion received bids 2.82 times…