Day 3 of Suraj Estates IPO Subscription Status: Retail section subscribed 5.81 times; issue subscribed 4.25 times so far

 Day 3 of Suraj Estates IPO Subscription Status: Retail section subscribed 5.81 times; issue subscribed 4.25 times so far

Suraj Estate IPO Subscription Status: As of Wednesday, December 20, the offering has been subscribed 4.25 times. As per the BSE, till December 20, 2023 at 12:00:00 hrs., the public issue was subscribed 5.81 times in the retail category, 0.13 times in the QIB category, and 6.10 times in the NII category.

Suraj Estate IPO: 581% of the retail component of Suraj Estate Developers Limited's initial public offering (IPO), which commenced on Monday, December 18, and will run through Wednesday, December 20, 2023, was subscribed.

Status of Suraj Estate IPO Subscription

As of Tuesday, December 19, 4.25 times have been subscribed to the issue. As per the BSE, till 12.00 noon on December 20, 2023, the public issue was subscribed 5.81 times in the retail category, 0.13 times in the QIB category, and 6.1 times in the NII category.

Gray Market Premium: Suraj Estate Developers Limited shares may be traded on the gray market in the interim. Shares of Suraj Estate Developers Ltd. are now trading on the gray market at a premium of ₹70, according to InvestorGain.com.

Important information to remember:

1. Suraj Estate IPO GMP: The company's shares are now available on the gray market for a premium of ₹70. Over the weekend, GMP rose by ₹14 compared to GMP of ₹56. According to GMP, investors anticipate that the shares will list for ₹430, 19.44% more than the ₹360 issue price.

The pricing range for the Suraj Estate initial public offering (IPO) has been set by the real estate business at ₹340 to ₹360 per equity share.

The initial public offering (IPO) of Suraj Estate Developers is scheduled to commence today and run until December 20, 2023.

4] Suraj Estate IPO Size: By issuing new shares, the business hopes to generate ₹400 crore via this public offering.

5] Suraj Estate IPO Lot Size: An applicant may submit one lot, and one lot of the IPO would consist of 41 company shares.

6] Suraj Estates IPO allocation date: December 21, 2023 is most likely the date of share issuance according to the T+3 listing regulation.

7] Link Intime India Private Limited has been designated as the official registrar of the initial public offering (IPO) for Suraj Estate.

8] Suraj Estate Initial Public Offering Listing: BSE and NSE are proposing to list the public offering.

9] Date of Suraj Estate Initial Public Offering (IPO): December 26, 2023 is the projected date of share listing.