Suraj Estate Developers IPO Subscription Status (Live Data)

Suraj Estate Developers IPO Subscription Status (Live Data)

The Suraj Estate Developers IPO started on December 18, 2023, and ended on December 20, 2023. Shares were allocated on December 21, 2023, and refund processes began on December 22, 2023. On December 22, 2023, the shares were credited to investors demat accounts. Suraj Estate Developers was officially listed on the stock exchange on December 26, 2023.

During the IPO, Suraj Estate Developers offered shares at a price range of ₹340 to ₹360 per share, and the lot size was 41 shares. The total issue size was ₹400 crores, with 400 crores from new shares. The IPO was listed on both the NSE and BSE.

Regarding share reservations, 50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.

Suraj Estate Developers IPO Subscription Update Video

Suraj Estate Developers IPO Subscription Status

The Suraj Estate Developers IPO on December 20, 2023 was subscribed 16.57 times, with the retail category being subscribed 9.85 times, the NII (Non-Institutional Investor) category being subscribed 20.02 times, the QIB (Qualified-Institutional Buyers) category being subscribed 25.74 times.

CategorySubscription
QIB25.74x
NII20.02x
Retail9.85x
Total16.57x

Suraj Estate Developers IPO Basic Details

Company NameSuraj Estate Developers Limited
Domain of CompanyReal Estate Developer
Suraj Estate Developers IPO Open DateDecember 18, 2023
Suraj Estate Developers IPO Close DateDecember 20, 2023
Suraj Estate Developers IPO Allotment DateDecember 21, 2023
Suraj Estate Developers IPO Listing DateDecember 26, 2023
Face Value₹5 per share
Price₹340 to ₹360 per share
Lot Size41 Shares
Issue Size11,111,111 shares of ₹5
(aggregating up to ₹400.00 Cr)
Fresh Issue11,111,111 shares of ₹5
(aggregating up to ₹400.00 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE, BSE
Company PromotersMr. Rajan Meenathakonil Thomas

About Suraj Estate Developers Limited

Established in 1986, Suraj Estate Developers Limited is a company that builds homes and offices, putting a strong emphasis on quality collaborations and ensuring client satisfaction.

With more than 35 years of experience, the company has been actively involved in real estate development in the South Central Mumbai region. Suraj has successfully developed over 10 lakh square feet of land in Mumbai. In the residential sector, Suraj offers homes in both the “value luxury” and “luxury” segments, catering to various budgets with prices ranging from ₹10.00 million to ₹130.00 million. On the commercial front, Suraj has completed and sold custom-built corporate headquarters to prestigious clients such as Saraswat Cooperative Bank Limited (Prabhadevi), National Stock Exchange of India, Union Bank of India, and Clearing Corporation of India Limited (Dadar). Overall, the company has executed more than 40 projects, encompassing both residential and commercial developments in Mumbai.

From 2016 to the first quarter of 2023, Suraj has introduced 15 residential projects, with 87% of them involving the redevelopment of 178 projects. By March 31, 2023, the company had provided free housing to over 1,011 tenants under the guidelines of Regulation 33(7) of the Development Control and Promotion Regulation, 2034 (DCP Regulations). As of May 31, 2023, Suraj has successfully completed 42 projects, covering a developed area exceeding 1,046,543.20 square feet in South Central Mumbai. In addition to these completed projects, there are 11 ongoing projects, boasting a developable area of 1,714,962.03 square feet and a saleable RERA carpet area of 497,774 square feet. Furthermore, there are 21 upcoming projects with an estimated carpet area of 843,192 square feet.

Suraj Estate Developers received the prestigious title of “Best Developer of the Year – Residential” at the CNN-News18 Real Estate & Business Excellence Awards in Mumbai on February 2, 2020.

Suraj Estate Developers IPO Should you subscribe?

Suraj Estate Developers IPO More Details Click Here

Suraj Estate Developers IPO FAQs

What is the start and end date of Suraj Estate Developers IPO Subscription?

The Suraj Estate Developers IPO started on December 18, 2023, and ended on December 20, 2023.

When does Suraj Estate Developers IPO Subscription open?

The Suraj Estate Developers IPO open on December 18, 2023.

When does Suraj Estate Developers IPO Subscription close?

The Suraj Estate Developers IPO Close on December 20, 2023.

What is the allotment date of Suraj Estate Developers IPO?

The allotment date for Suraj Estate Developers IPO is December 21, 2023.

When is the initial refund date of Suraj Estate Developers IPO?

The initial Refund date for Suraj Estate Developers IPO is December 22, 2023.

When were the shares credited to investors demat accounts for the Suraj Estate Developers IPO?

The shares for the Suraj Estate Developers IPO were credited to investors demat accounts on December 22, 2023.

When will Suraj Estate Developers IPO be listed on the stock market?

Suraj Estate Developers IPO stock market will be listed on December 26, 2023 at 10 am.

What was the price range of the Suraj Estate Developers IPO shares?

The Suraj Estate Developers IPO shares were offered at a price range of ₹340 to ₹360 per share.

What was the lot size for the Suraj Estate Developers IPO shares?

The lot size for the Suraj Estate Developers IPO shares was 41 shares.

What was the total issue size of the Suraj Estate Developers IPO?

The total issue size of the Suraj Estate Developers IPO was ₹400 crores.

How were the shares allocated among different types of investors for the Suraj Estate Developers IPO?

50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.

On which stock exchanges was the Suraj Estate Developers IPO listed?

The Suraj Estate Developers IPO was listed on both the NSE and BSE.

What is the Suraj Estate Developers IPO Subscription Status?

Suraj Estate Developers IPO is subscribed 16.57 Times.

Leave a Reply

Your email address will not be published. Required fields are marked *