Suraj Estate Developers IPO is a Rs 400.00 crore book-built offering. The offering is wholly new, consisting of 1.11 crore shares.
Suraj Estate Developers’ initial public offering (IPO) begins on December 18, 2023 and concludes on December 20, 2023. The Suraj Estate Developers IPO allocation is anticipated to be completed on Thursday, December 21, 2023. Suraj Estate Developers’ first public offering (IPO) will be listed on the BSE and NSE on Tuesday, December 26, 2023.
Suraj Estate Developers’ initial public offering price range is set at 340 to 360 per share. An application requires a minimum lot size of 41 Shares. Retail investors must make a minimum investment of $14,760. The minimum lot size investment for sNII is 14 lots (574 shares), which amounts to 206,640, while the minimum lot size investment for bNII is 68 lots (2,788 shares), which amounts to 1,003,680.
Suraj Estate Developers IPO Details
| IPO Date | December 18, 2023 to December 20, 2023 |
| Listing Date | [.] |
| Face Value | Rs 5 per share |
| Price Band | Rs 340 to Rs 360 per share |
| Lot Size | 41 Shares |
| Total Issue Size | 11,111,111 shares (aggregating up to Rs 400.00 Cr) |
| Fresh Issue | 11,111,111 shares (aggregating up to Rs 400.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 33,250,000 |
| Share holding post issue | 44,361,111 |
Suraj Estate Developers IPO Timeline
| IPO Open Date | Monday, December 18, 2023 |
| IPO Close Date | Wednesday, December 20, 2023 |
| Basis of Allotment | Thursday, December 21, 2023 |
| Initiation of Refunds | Friday, December 22, 2023 |
| Credit of Shares to Demat | Friday, December 22, 2023 |
| Listing Date | Tuesday, December 26, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 20, 2023 |
Suraj Estate Developers IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 41 | Rs 14,760 |
| Retail (Max) | 13 | 533 | Rs 191,880 |
| S-HNI (Min) | 14 | 574 | Rs 206,640 |
| S-HNI (Max) | 67 | 2,747 | Rs 988,920 |
| B-HNI (Min) | 68 | 2,788 | Rs 1,003,680 |
