Suraj Estate Developers Limited IPO
Suraj Estate Developers Limited IPO is listed on BSE and NSE, priced at ₹340–₹360 per share. The stock debuted at ₹340. The IPO had a lot size of ₹41 shares and a minimum investment of ₹14,760.
Suraj Estate Developers Limited IPO
- IPO Dates
- Dec 18, 2023 – Dec 20, 2023
- Price band
- ₹340-360 per equity share
- Minimum Investment
- ₹14,760
- Issue size
- 11,111,111 shares(aggregating up to ₹400.00 Cr)
- Lot size
- 41
- Allotment Date
- Dec 21, 2023
- Listing
- Dec 26, 2023
- Listing At
- BSE, NSE
IPO timeline
-
Dec 18, 2023
Open Date
Completed
-
Dec 20, 2023
Close Date
Completed
-
Dec 21, 2023
Allotment Date
Completed
-
Dec 26, 2023
Listing Date
Completed
Price Summary
- Last closing
- 219.50 (-39.03%)
- 52 week high
- 398.70
- 52 week low
- 171.30
- Last update
Suraj Estate Developers Limited IPO Essentials
Suraj Estate Developers Limited IPO Details
Suraj Estate Developers Limited IPO is priced at ₹340-360 per share with a total issue size of 11,111,111 shares(aggregating up to ₹400.00 Cr). The IPO has a lot size of 41 shares and is listed on BSE and NSE.
- Issue price
- ₹340-360 per equity share
- Lot size
- 41 shares
- Face value
- ₹5 Per Equity Share
- Issue size
- 11,111,111 shares(aggregating up to ₹400.00 Cr)
- Listing at
- BSE, NSE
- List price
- 340.0(NSE)
- Listing date
- Registrar
- Link Intime India Private Ltd
- Lead manager
-
Iti Capital Ltd, Anand Rathi Securities Limited
Suraj Estate Developers Limited IPO Analytics
Suraj Estate Developers Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Suraj Estate Developers Limited IPO Subscription Status
Suraj Estate Developers Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB |
NII
bHNI
sHNI
|
Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 2,222,222 |
1,666,666
1,111,110
555,555
|
3,888,889 | 7,777,777 |
|
Day 1
18-12-23 05:00 PM
|
0.12 x |
0.28x
0.28x
0.29x
|
1.24 x | 0.72 x |
|
Day 2
19-12-23 05:00 PM
|
0.12 x |
2.06x
2.58x
1.79x
|
3.90 x | 2.42 x |
|
Day 3
20-12-23 05:00 PM
|
24.31 x |
18.90x
34.70x
11.01x
|
9.30 x | 15.65 x |
Suraj Estate Developers Limited Valuations
Earnings
- EPS (Post IPO)
- ₹10.1/-
- P/E Ratio
- 35.64
Returns
- RoNW
- 58.18%
Suraj Estate Developers Limited Financials( In Crs.)
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 942.58 | 864.00 | 792.00 |
| Revenue | 307.89 | 273.91 | 244.00 |
| Profit After Tax | 32.06 | 26.50 | 6.28 |
Suraj Estate Developers Limited Company & Offer Insights
About Suraj Estate Developers Limited
Suraj Estate Developers Limited is a real estate construction company with a focus on best-in-class collaborations and client assurance.
The company has over 35 years of experience in developing real estate across the residential and commercial sectors in the South Central Mumbai region. Suraj has developed over 10 lakh square feet of land in Mumbai. In the residential portfolio, Suraj is present across the value luxury and luxury segments across multiple price points with unit values ranging from ₹10.00 million to ₹130.00 million. In the commercial portfolio, Suraj has constructed and sold built-to-suit corporate headquarters to institutional clientele namely, Saraswat Cooperative Bank Limited (Prabhadevi), National Stock Exchange of India, Union Bank of India, and Clearing Corporation of India Limited (Dadar). The company has built more than 40 projects across residential and commercial segments in Mumbai.
From 2016 to 2023 (Q1), the company has launched 15 residential projects out of which 13 projects (~87%) are redevelopment 178 projects. As of March 31, 2023, Suraj has redeveloped houses for more than 1,011 tenants free of cost under regulation 33(7) of the Development Control and Promotion Regulation, 2034 (DCP Regulations). As of May 31, 2023, the company has completed 42 projects with a developed area of more than 1,046,543.20 square feet in the South Central Mumbai region. In addition to the Completed Projects, it has 11 Ongoing Projects with a developable area of 1,714,962.03 square feet, and saleable RERA carpet area of 497,774 square feet, and 21 Upcoming Projects with an estimated carpet area of 843,192 square feet.
Suraj Estate Developers was awarded Best Developer of the Year - Residential at the CNN-News18 Real Estate & Business Excellence Awards in Mumbai, on February 2, 2020.
Suraj Estate Developers Limited Promoter(s)
Mr. Rajan Meenathakonil Thomas are the company's promoters of Suraj Estate Developers Limited.
Suraj Estate Developers Limited IPO Issue Objectives
- •
- Repayment/Prepayment of the aggregate outstanding borrowings of the company and its subsidiaries, Accord Estates Private Limited and Iconic Property Developers Private Limited.
- •
- Acquisition of land or land development rights.
- •
- General corporate purposes
Suraj Estate Developers Limited IPO - Anchor Investors
Suraj Estate Developers IPO: Anchor investors pick Rs 120 cr of shares.
A total of 10 institutional investors invested in the company via anchor book including SBI General Insurance Company, Tata Housing Opportunities Fund, Aditya Birla Sun Life AMC, LC Pharos Multi-Strategy Fund VCC, ITI Flexi Cap Fund and Meru Investment Fund PCC-Cell 1.
BNP Paribas Financial Markets, Societe Generale-ODI, Quantum-State Investment Fund, and IEGFL-Multi Opportunity also participated in the anchor book.
Contact Information
Frequently Asked Questions
Click any question to reveal the answer
Suraj Estate Developers Limited IPO is a book-built IPO worth ₹11,111,111 shares(aggregating up to ₹400.00 Cr). The price band is ₹340–₹360 per share. The IPO opens on Dec 18, 2023 and closes on Dec 20, 2023. It will be listed on BSE and NSE. Link Intime India Private Ltd is the registrar.
The price band of Suraj Estate Developers Limited IPO is ₹340 to ₹360 per share.
The lot size of Suraj Estate Developers Limited IPO is 41 shares.
The minimum investment for Suraj Estate Developers Limited IPO is approximately ₹14,760 based on the upper price band .
Suraj Estate Developers Limited IPO opens on Dec 18, 2023 and closes on Dec 20, 2023.
The allotment date of Suraj Estate Developers Limited IPO is Dec 21, 2023.
Suraj Estate Developers Limited IPO is expected to be listed on Dec 26, 2023, on BSE and NSE .
Suraj Estate Developers Limited IPO listed on Dec 26, 2023. It was issued at ₹340.0(NSE) and is currently around ₹219.50 as on 14-May-2026 3:30 PM, which is approximately -39.0% versus issue price. The 52-week high is ₹398.70.
Based on listing and post-listing performance, Suraj Estate Developers Limited IPO delivered around -39.0% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.
To buy Suraj Estate Developers Limited IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.
Suraj Estate Developers Limited IPO valuation snapshot: P/E 35.64, EPS ₹10.1/-, P/B N/A, RoNW 58.18%, and market cap N/A.
To apply for Suraj Estate Developers Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Suraj Estate Developers Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Suraj Estate Developers Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Suraj Estate Developers Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Suraj Estate Developers Limited IPO allotment status on IPO Ji for quick and easy access.