Suraj Estate Developers’ Initial Public Offering (IPO) took place between December 18, 2023, and December 20, 2023. A face value of ₹5 per share was decided, and the price band for the book-building IPO was set at ₹340 to ₹360 per share.
The ultimate pricing was discovered within this band during the book production process. It should be mentioned that the Suraj Estate Developers Ltd IPO was a completely new offering of shares with no Offer For Sale (OFS) component.
The fresh issue portion of the IPO of Suraj Estate Developers Ltd. comprised the issue of 111.11 lakh shares (aggregating up to ₹400.00 Cr).
Here’s how you can check the allotment status of Suraj Estate Developers IPO:
Step 1: Go to the BSE website.
Step 2: Choose ‘Equity’ and then the issue name from the selection menu.
Step 3: Enter your application number as well as your PAN card number and press ‘Search’.
You can also follow a similar procedure to check the allotment status on the Registrar’s website:
Step 1: Go to the Link Intime website.
Step 2: Select the IPO name which you want to check the status for.
Step 3: Input your PAN, application number, DP/Client ID, or account number/IFSC number and click on ‘Search’.
If the details are input correctly, the status will appear only after allotment. The equity shares are expected to be credited to successful investors’ demat accounts on December 22, 2023.
Suraj Estate Developers Limited is a real estate construction company founded in 1986. The company builds residential and commercial real estate in the South Central Mumbai area. Suraj Estate Developers Limited has finished 42 properties in the South-Central Mumbai area and has 13 ongoing projects.
Suraj Eleganza-II and ICICI Apartments, CCIL Bhavan (Phase-I up to 6th floor) and Tranquil Bay-I, Elizabeth Apartment and Mon Desir, St. Anthony Apartments, Lumiere and Tranquil Bay-II, and others are among the company’s projects.
