Suraj Estate Developers IPO Listing Highlights: Shares list at 5.56% discount to IPO price
Suraj Estate Developers Listing Highlights, Suraj Estate Developers Share Price NSE, BSE: The initial share sale of Suraj Estate Developers fetched 15.65 times the subscription on the closing day of bidding on Wednesday.
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.
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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.
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.
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.
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.
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.
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.
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.
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.
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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