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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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The Pacific Ring of Fire, a seismically active zone encircling the Pacific Ocean, is home to numerous earthquakes, volcanic eruptions, and tsunamis. This region, characterised by plate boundaries and subduction zones, poses significant risks to the hundreds of millions residing along its path.
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NSDLs IPO, a Rs 4,012 crore offer for sale, opened with strong grey market momentum, hinting at 15% listing gains. Brokerages are largely bullish, citing NSDLs near-monopoly in depository services, strong financials, and long-term potential, despite caution over regulatory and volume-related risks.
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