Suraj Estate Developers IPO
Real Estate / Premium Residential Mumbai - Listed on 26 December 2023
Suraj Estate Developers IPO listing summary
Suraj Estate Developers (Real Estate / Premium Residential Mumbai) closed its IPO window in 2023 and listed on NSE and BSE on 26 December 2023 at an upper band issue price of Rs 360, opening at Rs 340 for a listing gain of -5.6% and closing day one at Rs 334.5 (-7.1% on closing basis). The IPO was subscribed 15.58x overall - QIB 24.31x, HNI/NII 18.88x, Retail 9.18x. The total issue size was Rs 400 Cr (Fresh Issue Rs 400 Cr, OFS Rs 0 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
Suraj Estate Developers IPO GMP history
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 55 | +15.28% |
| Day 2 | Rs 55 | +15.28% |
| Day 3 | Rs 65 | +18.06% |
| Day 4 | Rs 65 | +18.06% |
| Day 5 | Rs 65 | +18.06% |
GMP Prediction vs IPOGyani AI Prediction
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Issue & financials
Market context at listing
How the broader market moved around the Suraj Estate Developers IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Suraj Estate Developers IPO - FAQs
What was the listing gain of Suraj Estate Developers IPO?
Suraj Estate Developers IPO listed at -5.6% versus the upper issue price of Rs 360 on 26 December 2023.
How many times was Suraj Estate Developers IPO subscribed?
Suraj Estate Developers IPO was subscribed 15.58x overall. QIB portion was subscribed 24.31x, HNI / NII 18.88x and Retail 9.18x.
What was the IPO GMP for Suraj Estate Developers?
IPO GMP started at Rs 55 on Day 1 and moved to Rs 65 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.