{"id":5041,"date":"2023-12-20T10:42:03","date_gmt":"2023-12-20T05:12:03","guid":{"rendered":"https:\/\/gwcindia.in\/blog\/\/?p=5041"},"modified":"2023-12-20T10:42:03","modified_gmt":"2023-12-20T05:12:03","slug":"ipo-suraj-estate-developers-limited","status":"publish","type":"post","link":"https:\/\/www.gwcindia.in\/blog\/ipo-suraj-estate-developers-limited\/","title":{"rendered":"IPO : Suraj Estate Developers Limited"},"content":{"rendered":"\n\n\n\n\n\n\n\n\n
\u00a0SYMBOL<\/strong><\/td>\nSURAJEST<\/strong><\/td>\n<\/tr>\n
\u00a0ISSUE TYPE<\/strong><\/td>\nBook Built Issue IPO<\/strong><\/td>\n<\/tr>\n
\u00a0ISSUE OPENS ON<\/strong><\/td>\nMonday, December 18, 2023<\/strong><\/td>\n<\/tr>\n
\u00a0ISSUE CLOSES ON<\/strong><\/td>\nWednesday, December 20, 2023<\/strong><\/td>\n<\/tr>\n
\u00a0ISSUE PRICE<\/strong><\/td>\n\u20b9340 to \u20b9360 per share<\/strong><\/td>\n<\/tr>\n
\u00a0ISSUE SIZE<\/strong><\/td>\nUp to Rs.400.00 Crores<\/strong><\/td>\n<\/tr>\n
\u00a0FACE VALUE<\/strong><\/td>\nRs.5 per share<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Suraj Estate Developers IPO is a book built issue of Rs 400.00 crores. The issue is entirely a fresh issue of 1.11 crore shares.<\/strong><\/p>\n

Suraj Estate Developers IPO is open for subscription on December 18, 2023 and close today December 20, 2023. The allotment for the Suraj Estate Developers IPO is expected to be finalized on Thursday, December 21, 2023. Suraj Estate Developers IPO will list on BSE, NSE with tentative listing date fixed as Tuesday, December 26, 2023.<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n
\u00a0MINIMUM BID<\/strong><\/td>\n41 shares<\/strong><\/td>\n<\/tr>\n
\u00a0MINIMUM AMOUNT\u00a0<\/strong><\/td>\nRs.14,760<\/strong><\/td>\n<\/tr>\n
\u00a0MAXIMUM BID<\/strong><\/td>\n533 shares<\/strong><\/td>\n<\/tr>\n
\u00a0MAXIMUM AMOUNT\u00a0<\/strong><\/td>\nRs.191,880<\/strong><\/td>\n<\/tr>\n
\u00a0PROMOTER HOLDING<\/strong><\/td>\n74.95% (Post-issue)<\/strong><\/td>\n<\/tr>\n
\u00a0LISTING DATE<\/strong><\/td>\nTuesday, December 26, 2023<\/strong><\/td>\n<\/tr>\n
\u00a0LISTING AT<\/strong><\/td>\nBSE, NSE<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Suraj Estate Developers IPO price band is set at \u20b9340 to \u20b9360 per share. The minimum lot size for an application is 41 Shares. The minimum amount of investment required by retail investors is \u20b914,760. The minimum lot size investment for sNII is 14 lots (574 shares), amounting to \u20b9206,640, and for bNII, it is 68 lots (2,788 shares), amounting to \u20b91,003,680.<\/strong><\/p>\n

Objects of the Issue (Suraj Estate Developers IPO Objectives)<\/h2>\n

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:<\/strong><\/p>\n

    \n
  1. Repayment\/Prepayment of the aggregate outstanding borrowings of the company and its subsidiaries, Accord Estates Private Limited and Iconic Property Developers Private Limited.<\/strong><\/li>\n
  2. Acquisition of land or land development rights.<\/strong><\/li>\n
  3. General corporate purposes.<\/strong><\/li>\n<\/ol>\n
    \n
    SMART IPO using UPI, you can now apply online<\/strong><\/div>\n<\/div>\n
    \n

    For Existing Clients :\u00a0https:\/\/gudwil.in\/IPO
    \n<\/a>Open an account : \u00a0    https:\/\/gudwil.in\/smart<\/a><\/strong><\/p>\n

    Further any clarification, feel free to contact your Branch \/ Relationship Manager.For all your investment needs feel free to reach us. Give us a missed call at 90037 90027. For Support: 044-40329999<\/strong><\/p>\n

    Warm Regards,<\/strong><\/p>\n

    Team GoodwillDISCLAIMER :\u00a0Investments in the securities market are subject to market risk. Read all the related documents carefully before investing. The data and information herein provided are believed to be reliable, but Goodwill Wealth Management Pvt. Ltd., does not warrant its accuracy or completeness. Goodwill Wealth Management Pvt. Ltd., or any of its employees are not liable for any action taken by any party based on the above information. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Special note: Short-term trading on the basis of technical is high risk and skill-oriented venture and may result in huge losses also. Traders doing so are doing at their own risk. We are not responsible for any damages. Note: The material is being provided to you for educational purposes only and does not constitute investment advice; returns mentioned herein are in no way a guarantee or promise of future returns. See Disclaimer, Privacy Policy @\u00a0https:\/\/www.gwcindia.in\/Disclaimer<\/a><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

    \u00a0SYMBOL SURAJEST \u00a0ISSUE TYPE Book Built Issue IPO \u00a0ISSUE OPENS ON Monday, December 18, 2023 \u00a0ISSUE CLOSES ON Wednesday, December 20, 2023 \u00a0ISSUE PRICE \u20b9340 to \u20b9360 per share \u00a0ISSUE SIZE Up to Rs.400.00 Crores \u00a0FACE VALUE Rs.5 per share Suraj Estate Developers IPO is a book built issue of Rs 400.00 crores. The issue […]<\/p>\n","protected":false},"author":6,"featured_media":5042,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"image","meta":{"_acf_changed":false,"footnotes":""},"categories":[117],"tags":[],"class_list":["post-5041","post","type-post","status-publish","format-image","has-post-thumbnail","hentry","category-ipo","post_format-post-format-image"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/5041","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/comments?post=5041"}],"version-history":[{"count":0,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/5041\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/media\/5042"}],"wp:attachment":[{"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/media?parent=5041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/categories?post=5041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/tags?post=5041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}