New Delhi, Aug. 6 -- Sri Lotus Developers IPO listing: Shares of Sri Lotus Developers made a strong stock market debut on Wednesday, August 6, as they listed at a nearly 19% premium on both exchanges. On BSE, Sri Lotus Developers share price opened at Rs.179.10, a premium of 19.40% over its initial public offer (IPO) price of Rs.150. On the NSE, Sri Lotus Developers stock listed at a premium of 18.67% at Rs.178.

The listing was largely in line with the grey market premium (GMP) trends. Ahead of the debut today, Sri Lotus Developers IPO GMP was Rs.27, signalling an 18% listing pop. Analysts had also indicated a solid start for the luxury realty firm's shares.

The Sri Lotus Developers IPO had received a stellar response from investors dur...