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IPO Status: Listed [18th Dec 2023 to 20th Dec 2023]
Suraj Estate Developers IPO, a Mainline IPO of ₹400.00 Cr was launced on 18-12-2023 to 20-12-2023 and the shares got listed on BSE, NSE on 26-12-2023.
The public issue of Suraj Estate Developers IPO (SURAJEST,544054) was offered at ₹360.00 per share and the ipo was listed at ₹340. It has delivered listing loss of -5.56%.
As the minimum lot size was 41 shares, the IPO has offered Rs -820 per lot loss on listing.
| IPO Issue Opening Date: | 18th Dec 2023 |
| IPO Issue Closing Date: | 20th Dec 2023 |
| IPO Issue Price: | ₹340.00-360.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not less than 35.00% of the Offer |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹400.00 Cr |
| Fresh Issue: | ₹400.00 Cr |
| Face Value: | ₹5 Per Equity Share |
| IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 100% |
| Promoter Holding Post IPO: | 74.95% |
| Allotment Status: | Allotment Status |
| BSE Code: | 544054 |
| NSE Code: | SURAJEST |
Get important updates regarding Suraj Estate Developers IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 21st Dec 2023 |
| Refunds Initiation* | 22nd Dec 2023 |
| Credit of Shares to Demat* | 22nd Dec 2023 |
| IPO Listing Date* | 26th Dec 2023 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹340.00-360.00 |
| Market Lot: | 41 Shares |
| 1 Lot Amount: | ₹14760 |
| Min Small HNI Lots(2-10 Lakh): | 574 shares (14 lots) |
| Min Big HNI Lots(10+ Lakh): | 2788 shares (68 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 26-12-2023 | 360.00 | 15 | 500/7000 | ₹375 (4.17%) | 26-Dec-2023 9:27 |
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Suraj Estate Developers is one of the prominent real estate developers across residential and commercial properties. With residential properties located in Mahim, Dadar, Prabhadevi, and Parel, it is one of the market leaders in the South Central Mumbai micro market.
In the residential portfolio, it constructs value luxury to luxury properties with values ranging from Rs 10 million to Rs 130 million. And, in the commercial segment, it has constructed corporate headquarters like Saraswat Co-operative Bank Limited, NSE, Union Bank, and Clearing Corporation of India (Dadar).
| Incorporation | Sector | IPO Issue Size | Website |
| 1986 | Real Estate | ₹400.00 Cr | https://surajestate.com/ |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 2,222,222 (28.57%) | 1,666,666 (21.43%) | 3,888,889 (50%) | 7,777,777 | |
| 1 | 18th Dec 2023 19:04 | 0.13x | 0.30x | 1.37x | 0.78x |
| 2 | 19th Dec 2023 19:04 | 0.13x | 2.18x | 4.18x | 2.60x |
| 3 | 20th Dec 2023 19:04 | 25.74x | 20.02x | 9.85x | 16.57x |
Suraj Estate Developers Limited's revenue increased by 12.41% and profit after tax (PAT) rose by 20.98% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 994.73 | 942.58 | 864.00 | 792.00 |
| Revenue | 102.81 | 307.89 | 273.91 | 244.00 |
| Profit After Tax | 14.53 | 32.06 | 26.50 | 6.28 |
| Net Worth | 86.11 | 71.39 | 39.16 | 29.15 |
| Reserves and Surplus | 70.29 | 55.48 | 23.32 | 22.94 |
| Total Borrowing | 598.50 | 593.09 | 638.16 | 600.48 |
| Amount in ₹ Crore | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Suraj Estate Developers Limited | 10.1 | 10.1 | 22.49 | 58.18 | Consolidated | |
| Oberoi Realty Limited | 52.38 | 52.38 | 335.81 | 20.44 | 16.83 | Consolidated |
| Sunteck Realty Limited | 0.1 | 0.1 | 198.45 | 3724.5 | 0.62 | Consolidated |
| Keystone Realtors Limited | 7.67 | 7.67 | 146.59 | 79.58 | 6.29 | Consolidated |
| Shriram Properties Limited | 3.88 | 3.88 | 70.58 | 17.02 | 5.63 | Consolidated |
| Mahindra Lifespace Developers Limited | 6.56 | 6.56 | 116.75 | 73.91 | 5.64 | Consolidated |
| D B Realty Limited | -2.94 | -2.94 | 60.69 | -25.85 | -5.93 | Consolidated |
| Hubtown Limited | 4.16 | 4.16 | 171.03 | 10.93 | 2.03 | Consolidated |
Last Updated on 30-Dec-2023 06:02:43
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Suraj Estate Developers IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Suraj Estate Developers IPO with Zerodha.
Alternate approch to apply in Suraj Estate Developers IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Suraj Estate Developers IPO Review and Important Updates
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To subscribe or apply in Suraj Estate Developers IPO, you can use the following methods:
| Suraj Estate Developers IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Suraj Estate Developers IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Suraj Estate Developers IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Suraj Estate Developers IPO. Most of the Syndicate Banks provide access to apply in Suraj Estate Developers IPO via ASBA process. You must have your net banking access, DP ID information to apply in Suraj Estate Developers IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Suraj Estate Developers IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Suraj Estate Developers IPO Review and Important Updates
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Applying in Suraj Estate Developers IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Suraj Estate Developers IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply Suraj Estate Developers IPO, please refer article >> Link
Suraj Estate Developers IPO Review and Important Updates
Steps to download the online application form for Suraj Estate Developers IPO
Or
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Suraj Estate Developers IPO is going to be list on 26-12-2023. NSE Code for Suraj Estate Developers is SURAJEST. BSE Code for Suraj Estate Developers is 544054.
Other relevant questions:
When Suraj Estate Developers IPO will be listing? Suraj Estate Developers IPO NSE listing date?Suraj Estate Developers IPO date of listing.Suraj Estate Developers IPO BSE listing date?
Suraj Estate Developers IPO Allotment Date is 21-12-2023.
Other relevant questions:
Suraj Estate Developers IPO share allotment date?Suraj Estate Developers IPO allotment date?
