Sri Lotus Developers shares ends over 30 percent higher than its IPO price of Rs 150 per share.

The shares of the Mumbai-based luxury real estate developer debuted at Rs 179 apiece, marking a premium of 19 percent over the IPO price. This came after the Rs 792-crore IPO garnered a strong 69 times subscription during its three days of public bidding.

The listing premium was more or less at par with grey market estimates. Ahead of listing, the unlisted shares of the company were trading with a grey market premium (GMP) of nearly 18 percent over the IPO price.