Скачать или смотреть Suraj Estate Developers' Rs 400-crore IPO to open on 18 December: Rahul Thomas, Director

SURAJ Estate IPO price band: The Suraj Estate Developers IPO price band has been fixed in the range of ₹340 to ₹360 per equity share of the face value of ₹5. The Suraj Estate Developers IPO date of subscription is scheduled for Monday, December 18, and will close on Wednesday, December 20. The allocation to anchor investors for the Suraj Estate Developers IPO is scheduled to take place on Friday, December 15.

The floor price is 68 times the face value of the equity shares, and the cap price is 72 times the face value of the equity shares. The price-to-earnings ratio based on diluted EPS for the financial year 2023 at the floor price is 33.66 times and at the cap price is 35.64 times. The Suraj Estate Developers IPO lot size is 41 equity shares and in multiples of 41 equity shares thereafter.

Suraj Estate Developers IPO has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional Institutional Investors (NII), and not less than 35% of the offer is reserved for retail investors.

Tentatively, Suraj Estate IPO basis of allotment of shares will be finalised on Thursday, December 21 and the company will initiate refunds on Friday, December 22, while the shares will be credited to the demat account of allottees on the same day following refund. Suraj Estate Developers shares are likely to be listed on BSE and NSE on Tuesday, December 26. Given that T+3 listing is mandatory as of December 1, 2023, Suraj Estate IPO will list on primary markets this month under this norm.

Suraj Estate Developers IPO details

Suraj Estate IPO comprises a fresh issue of shares of up to ₹400 crore; there is no offer for sale (OFS) component, as per Red Herring Prospectus (RHP).

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