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 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.
Suraj Estate Developers sold its IPO in the price band of Rs 340-360 apiece, with a lot size of 41 shares. The IPO ran from December 18 to December 20.