Suraj Estate Developers IPO, which began on 18 December 2023 and is set to close on 20 December 2023 with the company listing its shares on the BSE and NSE. Suraj Estate Developers IPO GMP (Grey Market Premium), which is an unofficial indicator of how the shares might perform when they are officially listed.
The IPO is structured as a Book Built Issue and involves the issue of 11,111,111 shares, aggregating to a total of ₹400.00 crore. Each share is priced at a face value of ₹5, with the price band ranging between ₹340 to ₹360 per share. Investors can bid for a minimum lot size of 41 shares and the listing date is scheduled for Tuesday, 26 December 2023.
Suraj Estate Developers IPO GMP Today
By tracking the daily changes in the Suraj Estate Developers IPO GMP (grey market premium) since the IPO was announced, we get a clear picture of how much interest and excitement there is around this event. Let’s analyze these trends and explain what they mean for Suraj Estate Developers and its potential investors.
| GMP Date | GMP | Sub2 Sauda Rate |
|---|---|---|
| 18-12-2023 Open | ₹70 | 2200/30800 |
| 17-12-2023 | ₹70  | 2200/30800 |
| 16-12-2023 | ₹66  | 2100/29400 |
| 15-12-2023 | ₹55 | 1700/23800 |
| 14-12-2023 | ₹65  | 2000/28000 |
| 13-12-2023 | ₹55  | 1700/23800 |
| 12-12-2023 | ₹0 | — |
As of today, 18 December 2023, the Suraj Estate Developers IPO GMP Today stands at ₹360.00 per share, is witnessing a stable trend in the grey market with a GMP of ₹70. This stability reflects a consistent investor interest, with today’s GMP showing no change from the previous day.
The estimated listing price, based on the current GMP, is projected at ₹430, which is an impressive 19.44% increase from the IPO price. This projection has remained steady over the past few days, indicating a robust market sentiment towards the IPO.
Looking back at the GMP trends, there has been a notable fluctuation over the past week. On 17 December 2023, the GMP was also ₹70, marking an upward movement. This surge followed a previous increase on 16 December 2023, where the GMP rose to ₹66 from ₹55 on 15 December 2023. The GMP had dipped on 15 December, down from ₹65 on 14 December 2023.
The GMP initially saw an uptrend starting from 13 December 2023, when it rose to ₹55, showing an increase from the preceding days, where the GMP was non-existent from 5 December to 12 December 2023. During this period, there was no change in the GMP, indicating a period of uncertainty or lack of market activity before the IPO announcement.
Sub2 Sauda rates, another indicator of market interest, have also shown variation, aligning with the changes in GMP. On 18 December, the rate is at 2200/30800, consistent with the GMP of ₹70.
The steady GMP and the promising estimated listing price suggest a strong market confidence in Suraj Estate Developers. Investors are keenly watching the IPO’s progress, with the closing date set for 20 December 2023. The current market trends hint at a potentially successful listing for the company, making it a significant event in the Indian real estate and stock market sectors.
Suraj Estate Developers IPO Subscription Status
| IPO | Suraj Estate Developers |
|---|---|
| IPO Open | 18 December 2023 |
| IPO Close | 20 December 2023 |
| Lot Size | 41 Shares |
| IPO Price | ₹340 to ₹360 per share |
| Listing Date | 26 December 2023 |
| RHP | Read |
| DRHPs | Read |
The IPO Subscription Status provides information about how many times the offered shares have been subscribed by investors.
| Investor Category | Subscription (times) |
|---|---|
| Anchor Investors | 1 |
| Qualified Institutions | 0.00 |
| Non-Institutional Buyers | 0.11 |
| bNII (bids above ₹10L) | 0.06 |
| sNII (bids below ₹10L) | 0.21 |
| Retail Investors | 0.56 |
| Total ** | 0.30 |
You can pre-apply for the Suraj Estate Developers IPO on Upstox. which means the pre-apply open date, usually begins a day before the IPO opens for the subscription.
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