Suraj Estate Developers IPO Listing Highlights: Shares list at 5.56% discount to IPO price 

			

				
								
					 Written By: Raghwendra Shukla   Updated on: December 26, 2023 02.28 PM IST		
				
			

                    

			   
Suraj Estate Developers Listing Live, Suraj Estate Developers Share Price NSE, BSE
          

        
        
        

        

            

                

					 

                        

		
          
      
      
      

      
      
Suraj Estate Developers Listing Highlights, Suraj Estate Developers Share Price NSE, BSE: Shares of Suraj Estate Developers are set to make a debut on bourses today i.e. December 26. As per the information available, shares will be listed on the BSE and NSE during a special pre-open session.


The initial share sale of Suraj Estate Developers fetched 15.65 times the subscription on the closing day of bidding on Wednesday.


Follow Zee Business Blog on Suraj Estate Developers Listing Updates Here:  


 



	  	        

	  
	

      
Latest Updates


    

    
    

        
  
  
      

        

    

	
	
Tue, December 26, 2023, 11:16 AM IST

			
			
					  		  
		  


      
		  
      
		  


		
      

	
		
					
	


		
Suraj Estate Developers Listing Live: Well-known real estate developer in Mumbai


 


Suraj Estate Developers has developed real estate across the residential and commercial sectors in the South Central Mumbai region and has a residential portfolio located in the markets of Mahim, Matunga, Dadar, Prabhadevi, and Parel.


		


				
					
			
			
	
	
	


        
       




  

  

    

	
	
Tue, December 26, 2023, 11:04 AM IST

			
			
					  		  
		  


      
		  
      
		  


		
      

	
		
					
	


		
Suraj Estate Developers Listing Live: Proceeds to be used for payment of debt 


 


Proceeds would be used towards the payment of debt availed by the company and its subsidiaries -- Accord Estates and Iconic Property Developers, and the acquisition of land. Besides, a portion will be used for general corporate purposes.


		


				
					
			
			
	
	
	


        
       




  

  

    

	
	
Tue, December 26, 2023, 10:04 AM IST

			
			
					  		  
		  


      
		  
      
		  


		
      

	
		
					
	


		
Suraj Estate Developers Listing Live:  Shares list at 5.56% discount 


 


Shares list at a 5.56% discount to the IPO price on the NSE.


		


				
					
			
			
	
	
	


        
       




  

  

    

	
	
Tue, December 26, 2023, 09:53 AM IST

			
			
					  		  
		  


      
		  
      
		  


		
      

	
		
					
	


		
Suraj Estate Developers Listing Live: Price settles at 5.56% discount to issue price in pre-open market


 


In the pre-opening session, Suraj Estate Developers shares settled at Rs 340 on the NSE, a discount of 5.56 per cent to the issue price of Rs 360.


		


				
					
			
			
	
	
	


        
       




  

  

    

	
	
Tue, December 26, 2023, 09:47 AM IST

			
			
					  		  
		  


      
		  
      
		  


		
      

	
		
					
	


		
Suraj Estate Developers Listing Live: Stoploss Anil Singhvi 


 


According to Zee Business Managing Editor Anil Singhvi, investors must keep a strict stoploss at the IPO price of Rs 360.


		


				
					
			
			
	
	
	


        
       




  

  

    

	
	
Tue, December 26, 2023, 09:46 AM IST

			
			
					  		  
		  


      
		  
      
		  


		
      

	
		
					
	


		
Suraj Estate Developers Listing Live: Preview by Anil Singhvi 


 


According to Zee Business Managing Editor Anil Singhvi, the shares of Suraj Estate Developers are likely to list near the issue price of Rs 360 or at a slight premium. 


		


				
					
			
			
	
	
	


        
       




  

  

    

	
	
Tue, December 26, 2023, 09:39 AM IST

			
			
					  		  
		  


      
		  
      
		  


		
      

	
		
					
	


		
Suraj Estate Developers Listing Live: Entirely a fresh issuance of equity shares


 


The Mumbai-based company's IPO was entirely a fresh issuance of equity shares worth Rs 400 crore with no Offer for Sale (OFS) component.


		


				
					
			
			
	
	
	


        
       




  

  

    

	
	
Tue, December 26, 2023, 09:32 AM IST

			
			
					  		  
		  


      
		  
      
		  


		
      

	
		
					
	


		
Suraj Estate Developers Listing Live: QIBs got subscribed 24.31 times


 


The portion for Qualified Institutional Buyers (QIBs) got subscribed 24.31 times while the quota for non-institutional investors received 18.90 times subscription. The category for Retail Individual Investors (RIIs) fetched 9.30 times subscription.


		


				
					
			
			
	
	
	


        
       




  

  

    

	
	
Tue, December 26, 2023, 09:30 AM IST

			
			
					  		  
		  


      
		  
      
		  


		
      

	
		
					
	


		
Suraj Estate Developers Listing Live: Received bids for 12,88,46,559


 


The Initial Public Offer (IPO) received bids for 12,88,46,559 shares against 82,35,293 shares on offer, as per NSE data.


		


				
					
			
			
	
	
	


        
       




  

    

  
  
  
  
  
  

    						

 
		


 
							
						

					 

                   
                

                
            

        

        
        

        

      

        

			
			

        

        
    

    
    
   
    
    
    
    
    

    
    




  
    
    
  



  


                  

                

                

                  

                    
                

              

            

          


        

        

      

    

      










  
  
  
  
  
  










  
  
  



	
        

      

        
        
        

      

    



  
  


  

    
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