The company’s shares opened at Rs 340 apiece on the National Stock Exchange (NSE), marking a 5.55 per cent decline from the issue price of Rs 360. Meanwhile, on the Bombay Stock Exchange (BSE), the stock debuted at Rs 343.80, reflecting a 4.5 per cent discount.
Suraj Estate Developers share price today made a weak debut on the bourses today. On NSE, it was listed at ₹340 per share, 5.55 percent lower than the issue price of ₹360.
The ₹550 crore initial public offering (IPO) of Mufti Menswear brand owner Credo Brands Marketing (CBML) opened for subscription on Tuesday, December 19, and will close today, December 21. The company has a price band of ₹266-280 per share for the issue.
The ₹400 crore initial public offering (IPO) of real estate firm Suraj Estate Developers was subscribed 3.26 times by 10:55 am on the final day of bidding. It had received bids for 2.53 crore shares as against 77.77 lakh on offer.
RBZ Jewellers IPO s Non Institutional Investors (NIIs) portion was subscribed 0.16 times as of 1 pm while the qualified institutional buyers were yet to subscribe to the issue. The RBZ Jewellers IPO will close on December 21, Thursday.