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Suraj Estate Developers Limited IPO Subscriptions Status Live Today

 

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Suraj Estate Developers Limited IPO

December 18, 2023 - December 20, 2023 Closed
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Suraj Estate Developers Limited IPO Details

Issue Open

18 December 2023

Issue Close

20 December 2023

IPO Price

₹340 - ₹360 per equity share

Face Value

₹5 per equity share

IPO Size

₹400.00 Cr.

Listing At

NSE, BSE

IPO Lot Size

41 shares


IPO Investor Categories

• Qualified Institutional Buyers (QIB)- Qualified Institutional Buyers (QIBs) are typically large, financially sophisticated investors, such as mutual funds, insurance companies, pension funds, and hedge funds, who are considered to have the expertise and resources to evaluate investment opportunities. QIBs are required to meet certain financial criteria set by the Securities and Exchange Board of India (SEBI) to participate in an IPO, and they are allowed to bid for shares at a price lower than the price at which shares are offered to retail investors.


• Non-Institutional Investors (NII) - Non-Institutional Investors (NIIs), on the other hand, are typically individual investors, High Net Worth Individuals (HNIs), or corporate bodies who do not meet the financial criteria to be classified as QIBs. They are allowed to participate in an IPO at the same price as retail investors.
NII category has two subcategories:


1. sNII - "sNII" stands for "Small Non-Institutional Investor." This subcategory includes investors who have bid for shares worth between Rs. 2 lakhs and Rs. 10 lakhs in an IPO.


2. bNII - "bNII" stands for "Big Non-Institutional Investor." This subcategory includes investors who have bid for shares worth more than Rs. 10 lakhs in an IPO.


• Retail Individual Investors (RII) - Retail Individual Investors (RIIs) are individual investors who apply for shares worth up to Rs. 2 lakhs in an IPO, aimed at encouraging retail participation in the IPO process.


• Employee (EMP)- The Employee (EMP) category in an IPO is reserved for the employees, directors, and business associates of the issuer company, and the allocation of shares to this category is determined by the issuer company and the lead manager of the IPO.


• Others- A category of eligible shareholders or other investors who have a reserved quota in the IPO.

 


Frequently Asked Question

While IPOs can offer significant returns, they also come with risks. The stock's initial price may be influenced by hype and speculation, leading to volatility. Additionally, the company may face challenges in meeting investor expectations, impacting the stock's performance.
If you do not get the allotment of Suraj Estate Developers Limited IPO shares, your IPO application amount will be released or credited back to your bank account via which you applied for this IPO.
Suraj Estate Developers Limited IPO shares will get listed at NSE, BSE.
Suraj Estate Developers Limited IPO will be closed on 20 December 2023.
Investing in IPOs can be risky and may not be suitable for everyone. It's crucial to thoroughly research the company's prospectus, financial health, and market conditions. If you're unsure, consider consulting with a financial advisor before making investment decisions.
The meaning of "Suraj Estate Developers Limited IPO GMP " is the Grey Market Premium (GMP) for the initial public offering (IPO) of suraj estate ipo Developers Limited IPO on the current day.
Suraj Estate Developers Limited IPO is going to open on 18 December 2023.
Price of 1 share of Suraj Estate Developers Limited IPO is ₹277 to ₹291.
Face value of equity shares of Suraj Estate Developers Limited IPO is ₹10.
Kfin Technologies Limited the registrar of Suraj Estate Developers Limited IPO.
Market lot size of the suraj estate developers ipo is 51 shares.
You will receive the allotted shares in your Demat account on December 21, 2023.
You can apply for an IPO from any place via the internet as it is an online process. You can apply for an IPO using 2 methods i.e., ASBA and UPI. ASBA facility is provided by your bank and UPI method is offered by your stockbroker. You can invest in Suraj Estate Developers Limited IPO by using any one of these methods at your convenience.
Post-issue shareholdings of Suraj Estate Developers Limited IPO promoters are 55.47%.
Suraj Estate Developers Limited IPO will get listed on December 26, 2023.
Pre-issue shareholdings of Suraj Estate Developers Limited IPO promoters are 69.08%
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