The IPO of Suraj Estate Developers was booked over 15.65 times at close. The retail portion of the issue was subscribed 9.3 times, and the non-institutional category s subscription rate stood at 18.9 times.
The IPO of Suraj Estate Developers was booked over 15.65 times at close. The retail portion was subscribed 9.3 times, and the non-institutional category s subscription rate stood at 18.9 times. The net proceeds to be raised from the fresh issue will be used towards repayment of debt of the company and its subsidiaries, acquisition of land or land development rights, and other general corporate purposes.
The company refiled its draft papers with the markets regulator Sebi in July this year. The IPO comprises a fresh issue of up to Rs 400 crore. There is no offer-for-sale segment in the public offer. The price band will be announced soon.
Mumbai-based Suraj Estate Developers Refiles DRHP For Rs 400 Cr IPO freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
The net proceeds to be raised from the fresh issue will be used towards repayment of debt of the company and its subsidiaries, acquisition of land or land development rights, and other general corporate purposes.