Suraj Estate Developers Limited
18 Dec 2023 – 20 Dec 2023
LISTED
Offer Price
₹340–360
Bid lot
41
Min Application
₹14,760
Issue Size
₹400 Cr
Key dates
Open date
18 Dec 2023
Done
Close date
20 Dec 2023
Done
Basis of allotment
—
TBA
Initiation of refunds
—
TBA
Credit to demat
—
TBA
Listing date
26 Dec 2023
Today
Issue reservation
₹400 CrQIB 50%Retail 35%
QIB
55.6 L sh · ₹200.00 Cr
Retail
38.9 L sh · ₹140.00 Cr
BRLM: ITI Capital Limited · Anand Rathi Advisors Limited
Lot ladder — how much to bid
1 lot = 41 sharesRetail · Up to ₹2 L1–13 lots
Min · 1 lot
41 sh · ₹14,760
Max · 13 lots
533 sh · ₹1,91,880
S-HNI · ₹2 L to ₹10 L14–67 lots
Min · 14 lots
574 sh · ₹2,06,640
Max · 67 lots
2,747 sh · ₹9,88,920
B-HNI · Above ₹10 L68+ lots
Min · 68 lots
2,788 sh · ₹10,03,680
Entry point
₹10,03,680 onward
Issue details
Lead managersITI Capital Limited, Anand Rathi Advisors Limited
Face value₹10
Listing onNSE
RegistrarLink Intime India Private Limited
Live subscription
18.13×
0×1×2×3×+
Oversubscribed
Book₹340.00 Cr
Subscribed₹6,164 Cr
Applications—
Share-wise
by category| Category | Book Size | Subscription | No. of Times |
|---|---|---|---|
| QIB | 55,55,556₹200.00 Cr | 13,50,55,554₹4,862 Cr | 24.31× |
| HNI | 16,66,667₹60.00 Cr | 3,15,00,000₹1,134 Cr | 18.90× |
| Retail | 38,88,889₹140.00 Cr | 3,61,66,666₹1,302 Cr | 9.30× |
| Total | 94,44,445₹340.00 Cr | 17,12,22,220₹6,164 Cr | 18.13× |
*QIB Book Size is Gross — the anchor allocation is not on this record yet.
Subscription Demand
in ₹ crore| Category | Applied |
|---|---|
| QIB | 4,862.00 |
| HNI | 1,134.00 |
| Retail | 1,302.00 |
| Total | 6,164.00 |
Amounts at the upper band (₹360). Times figures are computed from the shares this page shows so Book × Times = Subscribed always cross-checks.
Grey-market sentiment
No grey-market data yet.
Documents
RHPOpen ↗
Filed with SEBI / the exchange by the issuer. Opens on the issuer's or the regulator's site.
How to apply
1Create your account & log inSign up on Investoyard and complete a quick KYC.
2Pick the IPO & tap ApplyOpen the live IPO and choose your investor category.
3Enter bid & quantityUp to 3 bids · cut-off or price band · retail cap ₹2,00,000.
4Approve the UPI mandateYou receive a fund-block request on your UPI app.
5DoneFunds stay blocked until allotment, then auto-debited (or released).
Frequently asked questions
What is the minimum investment in the Suraj Estate Developers Limited IPO?
One lot of 41 shares — ₹14,760 at the upper price band of ₹360.
How many bids can I place?
Up to 3 bids per application. Retail applications are capped at ₹2,00,000; above that you must apply in the HNI category.
When are the funds debited?
Funds are blocked via a UPI mandate at application and debited only on allotment. If shares are not allotted, the block is released automatically.
When will the shares list?
Tentative listing on 2023-12-26 on NSE.