Bengaluru, Aug. 6 -- Shares of this newly listed stock made a strong debut in the stock market on Wednesday, 6th August, listing at nearly a 19 percent premium on both the NSE and BSE. The company has established a foothold in the ultra-luxury and luxury real estate market of the western suburbs of Mumbai.

We are talking about Sri Lotus Developers and Realty Limited, formerly known as AKP Holdings Limited, which is primarily engaged in the business of real estate development of residential and commercial projects.

The company's shares opened at Rs. 179.1 on the BSE, reflecting a 19.4 percent gain over its IPO price of Rs. 150, and at Rs. 178 on the NSE, marking an 18.67 percent premium. The listing closely matched grey market premium (G...