The Suraj Estate Developers Limited’s initial public offering (IPO) has commenced today and is set to continue until December 20, 2023, concluding on Wednesday. Interested individuals can subscribe to the IPO by clicking here.
In the first two hours of the opening, the issue has garnered bids for 16,84,075 equity shares out of the 82,35,293 shares available for subscription.
As of now, the retail portion has achieved a subscription rate of 40%, while non-institutional investors have subscribed to 8% of the offering. The Qualified Institutional Buyers (QIB) segment has not been subscribed to at this point.
In a one-day anchor book launched on December 15, institutional investors showed significant interest, purchasing nearly Rs 120 crore worth of shares in Suraj Estate Developers, the Mumbai-based realty company.
The Suraj Estate IPO is priced in the range of ₹340 to ₹360 per equity share. Interested bidders can apply in lots, with one lot comprising 41 company shares. Investors have until December 20, 2023, to participate in the IPO.
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