Suraj Estate Developers Limited IPO
Suraj Estate Developers Limited was a mainboard IPO in the Residential Commercial Projects sector, offered at ₹340–₹360 per share to raise ₹400 crore. The issue was subscribed 15.65× overall (QIBs 24.31×, NIIs 18.9×, retail 9.3×). It listed on 26 Dec 2023 at ₹340 and closed its first day at ₹334, a listing loss of -7.1% versus the ₹360 issue price. It now trades around ₹172 (-52.1% versus the issue price).
Frequently asked questions
- How many times was the Suraj Estate Developers Limited IPO subscribed?
- The Suraj Estate Developers Limited IPO was subscribed 15.65× overall — 24.31× in the QIB category, 18.9× among non-institutional investors, 9.3× in retail.
- What were the Suraj Estate Developers Limited IPO listing gains?
- Suraj Estate Developers Limited listed on 26 Dec 2023 at ₹340, closing its first day at ₹334 — a listing loss of -7.1% versus the ₹360 issue price.
- What were the retail allotment odds for the Suraj Estate Developers Limited IPO?
- Retail was subscribed 9.3×, so a single-lot application had roughly a 10.8% chance of allotment (about 1 in 9), and allotment was finalised on 22 Dec 2023.
- What was the price band and lot size of the Suraj Estate Developers Limited IPO?
- The price band was ₹340–₹360 per share, with a minimum lot of 41 shares (₹14,760 at the upper band).
- Who were the registrar and lead manager for the Suraj Estate Developers Limited IPO?
- Link Intime India Private Limited was the registrar, and ITI Capital was the book-running lead manager.