Suraj Estate Developers IPO Details: Suraj Estate Developers’ IPO date has been set; the IPO will go public on December 18 and will close on December 20. Suraj Estate Developers IPO will generate approximately 400 crores through an IPO that will include a fresh issue of 400 crores and an offer for sale of up to [.] crores of 5 apiece. The retail quota is 35%, the QIB quota is 50%, and the HNI quota is 15%.
Suraj Estate Developers Details
- Suraj Estate Developers has been in the real estate business since 1986, developing residential and commercial properties in the South Central Mumbai region. They are now developing residential properties in the Bandra submarket. In their residential portfolio, they are present across numerous price ranges in the “value luxury” and “luxury” categories, with unit values ranging from $10.00 million to $130.00 million.
- They have built and sold built-to-suit corporate headquarters to our institutional clients, Saraswat Cooperative Bank Limited (Prabhadevi) and Clearing Corporation of India Limited (Dadar), in their commercial portfolio. They intend to create boutique office spaces on Tulsi Pipe Road in Mahim to meet the growing need for smaller independent offices in the commercial sector.
- Suraj Estate Developers announced 15 residential projects between 2016 and 2023 (Q1), 13 of which (87%) are refurbishment 178 projects. As of March 31, 2023, the corporation had free of charge refurbished residences for over 1,011 tenants under Regulation 33(7) of the Development Control and Promotion Regulations, 2034 (“DCP Regulations”). 14,207 cessed properties in Mumbai’s island city have yet to be renovated as of the date of this Draft Red Herring Prospectus.
Suraj Estate Developers IPO Date & Price Band Details
Suraj Estate Developer’s IPO Date and Price Band Details are tabulated below.
| Suraj Estate Developers IPO Date | |
| IPO Open | December 18, 2023 |
| IPO Close | December 20, 2023 |
| IPO Size | Approx ₹400 Crores |
| Fresh Issue | Approx ₹400 Crores |
| Face Value | ₹5 Per Equity Share |
| IPO Price Band | ₹340 to ₹360 Per Share |
| IPO Listing on | BSE & NSE |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
Suraj Estate Developers IPO Market Lot
The Suraj Estate Developers IPO minimum market lot is 41 shares with ₹14,760 application amount. Retail investors can apply for up to 13 lots with 533 shares or ₹191,880 amount.
| Application | Lot Size | 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 Important Dates
The Suraj Estate Developers IPO date is December 18 and the close date is December 20. The Suraj Estate Developers IPO allotment will be finalized on December 21 and the IPO listing on December 26.
| Suraj Estate Developers IPO Important Dates | |
| Anchor Investors Allotment: | December 15, 2023 |
| IPO Open Date: | December 18, 2023 |
| IPO Close Date: | December 20, 2023 |
| Basis of Allotment: | December 21, 2023 |
| Refunds: | December 22, 2023 |
| Credit to Demat Account: | December 22, 2023 |
| IPO Listing Date: | December 26, 2023 |
Suraj Estate Developers IPO GMP Live
Suraj Estate Developers IPO GMP Live Rates day by day with Kotak rates are tabulated below.
| Date | GMP | Kostak | Subject to |
| 18 December | ₹70 | ₹- | ₹2000 |
| 17 December | ₹65 | ₹- | ₹2000 |
| 14 December | ₹55 | ₹- | ₹1700 |
| 13 December | ₹- | ₹- | ₹- |
| 12 December | ₹- | ₹- | ₹- |
| 11 December | ₹- | ₹- | ₹- |
Suraj Estate Developers Financial Report
| Year | Revenue (₹ in Crores) | Expense (₹ in Crores) | Profit After Tax (₹ in Crores) |
| 2021 | ₹244 | ₹235 | ₹6.28 |
| 2022 | ₹238 | ₹238 | ₹26.50 |
| 2023 | ₹265 | ₹265 | ₹32.06 |
Suraj Estate Developers IPO FAQs
Q. What is Suraj Estate Developers IPO?
Ans. Suraj Estate Developers IPO is a main-board IPO. They are going to raise ₹400 Crores via IPO. The issue is priced at ₹340 to ₹360 per equity share. The IPO is to be listed on BSE & NSE.
Q. When Suraj Estate Developers IPO will open?
Ans. The IPO is to open on December 18, 2023, for QIB, NII, and Retail Investors.
Q. What is Suraj Estate Developers IPO Investors Portion?
Ans. The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
Q. How to Apply for the Suraj Estate Developers IPO?
Ans. You can apply for Suraj Estate Developers IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
Q. What is Suraj Estate Developers IPO Size?
Ans. Suraj Estate Developers IPO size is ₹400 crores.
Q. What is the Suraj Estate Developers IPO Price Band?
Ans. Suraj Estate Developers IPO Price Band is ₹340 to ₹360.
Q. What is the Suraj Estate Developers IPO Allotment Date?
Ans. Suraj Estate Developers IPO allotment date is December 21, 2023.
Q. What is the Suraj Estate Developers IPO Listing Date?
Ans. Suraj Estate Developers IPO listing date is December 26, 2023. The IPO is to be listed on BSE and NSE.
For more New IPO-related updates visit New IPO Page.