Suraj Estate Developers is scheduled to hit the market on December 18, 2023 and close on December 20, 2023. Suraj Estate Developers plans to raise around ₹400.00 Cr through an IPO with a sale of up to 11,111,111 equity shares of ₹5 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.
Founded in 1986, Suraj Estate Developers Limited is a prominent real estate construction company focusing on quality collaborations and client satisfaction. With over 35 years of experience, the company has shaped South Central Mumbai's real estate, developing over 10 lakh square feet of land.
Suraj excels in both residential and commercial sectors, offering residences in the “value luxury” and “luxury” segments and delivering built-to-suit corporate headquarters to institutions like Saraswat Cooperative Bank, National Stock Exchange, Union Bank of India, and Clearing Corporation of India Limited. With a diverse portfolio, Suraj Estate Developers Limited has completed over 40 projects, establishing a strong presence in Mumbai's real estate landscape.
Suraj Estate Developers IPO Details
Suraj Estate Developers IPO opens on Dec 18, 2023, and closes on Dec 20, 2023. The Listing date for Suraj Estate Developers IPO is on Dec 26, 2023. The price band for IPO is ₹340 to ₹360 per share and lot size of 41 Shares.
| IPO Date | Dec 18, 2023 to Dec 20, 2023 |
| Listing Date | Dec 26, 2023 |
| Price | ₹340 to ₹360 per share |
| Lot Size | 41 Shares |
| Issue Size | ₹400.00 Cr |
| Face Value | ₹5 per share |
Suraj Estate Developers IPO Tentative Timetable
Suraj Estate Developers opening date is December 18, 2023 and close date is December 20, 2023. The IPO allotment date is December 21, 2023. The refund initiation of IPO is on December 22, 2023. The credit of shares in demat account is on December 22, 2023. The listing date is on December 26, 2023.
| Event | Date |
|---|---|
| IPO Opening | Dec 18, 2023 |
| IPO Closing | Dec 20, 2023 |
| IPO Allotment Date | Dec 21, 2023 |
| Refund Initiation | Dec 22, 2023 |
| Shares Credit to Demat | Dec 22, 2023 |
| Lisiting Date | Dec 26, 2023 |
Suraj Estate Developers IPO Lot Size
Lot Size of this IPO is 41 shares. A retail-individual investor can apply for up to 13 lots (533 shares or ₹191,880).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 41 | ₹14,760 |
| Retail(Maximum) | 13 | 533 | ₹191,880 |
| S-HNI (Minimum) | 14 | 574 | ₹206,640 |
| B-HNI (Minimum) | 68 | 2,788 | ₹1,003,680 |
Suraj Estate Developers IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 74.95% |
Suraj Estate Developers IPO Review
Suraj Estate Developers Limited, a real estate construction company with over 35 years of experience, is set to launch its IPO. Specializing in residential and commercial projects in South Central Mumbai, the company boasts a diverse portfolio spanning the “value luxury” and “luxury” segments. Notably, Suraj Estate Developers has completed over 40 projects, including bespoke corporate headquarters for institutions. The company's commitment to redevelopment, evident in over 1,011 tenants benefiting under DCP Regulations, adds a socially responsible dimension to its operations.
The project portfolio includes 15 recent residential launches, primarily redevelopment initiatives, and a track record of completing 42 projects. Additionally, Suraj Estate Developers has 11 ongoing projects and 21 upcoming ones, reflecting a robust pipeline. Recognized as the Best Developer of the Year – Residential at the CNN-News18 Real Estate & Business Excellence Awards in 2020, the company has earned acclaim for its contributions to the real estate sector.
For a comprehensive review, financial specifics of the IPO, such as the issue size, pricing details, and the company's utilization plans for the raised funds, are essential. This additional information will enable a more in-depth analysis of Suraj Estate Developers Limited's IPO.
Suraj Estate Developers IPO Subscription Status (Bidding Details)
Table not foundSuraj Estate Developers IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Suraj Estate Developers IPO FAQs
What is Suraj Estate Developers IPO?
Suraj Estate Developers is issuing 11,111,111 equity shares with a face value of ₹5 each, totaling up to ₹400.00 Cr. The shares are being offered at a price of ₹340 to ₹360 each, with a minimum order quantity of 41 shares.
Link Intime India Private Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Suraj Estate Developers IPO will open?
Suraj Estate Developers will open on December 18, 2023 for QIB, NII, and Retail Investors.
When Suraj Estate Developers IPO will end?
Suraj Estate Developers will end on December 20, 2023.
What is Suraj Estate Developers IPO Size?
Suraj Estate Developers IPO size is ₹400.00 Cr.
What is Suraj Estate Developers IPO Price Band?
Suraj Estate Developers price band is ₹340 to ₹360 per share.
What is the Suraj Estate Developers IPO Allotment Date?
Suraj Estate Developers allotment date is December 21, 2023.
What is the Suraj Estate Developers IPO Listing Date?
Suraj Estate Developers listing date is December 26, 2023. The IPO is to be listed on BSE and NSE.
How to Apply Suraj Estate Developers IPO through Zerodha?
To apply for the IPO “Suraj Estate Developers” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Suraj Estate Developers IPO through Upstox?
To apply for the IPO “Suraj Estate Developers” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Suraj Estate Developers IPO Allotment Status?
For Suraj Estate Developers IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Suraj Estate Developers IPO GMP?
You can check out here: Suraj Estate Developers IPO GMP