IPO screener: Suraj Estate Developers issue closes today - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
The Mumbai-based realtor has fixed a price band of Rs 340-360 for its IPO and investors can bid for a minimum of 41 shares in one lot and multiples thereafter. According to market analysts, the current GMP of Suraj Estate Developers is Rs 50-60 in the unlisted market.
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.
IPO screener: Suraj Developers issue subscribed 0.72 times on Day 1 thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
The quota reserved for retail individual investors (RIIs) was subscribed 2.82 times. The issue was booked 1.03% in the NII category. The portion allotted for qualified institutional bidders was subscribed 12%. According to market analysts, the current GMP of Suraj Estate Developers is Rs 50-60 in the unlisted market.