You can invest in Suraj Estate IPO from today, know every detail from application, listing and GMP.

[ad_1]

Suraj Estate IPO: The initial public offering (IPO) of Suraj Estate Developers Limited has opened today. Investors can apply till 5 pm on Wednesday. The price band of realty company Suraj Estate IPO has been fixed at ₹ 340 to ₹ 360 per equity share. The company aims to raise ₹400 crore from its initial offering by issuing new shares. Meanwhile, there is movement in the gray market regarding the IPO of Suraj Estate Developers Limited. According to stock market experts, shares of Suraj Estate Developers Limited are available in the gray market today at a premium of ₹ 70. The public issue has been subscribed 0.05 times till 10:27 am on the first day of bidding. Whereas its retail portion was subscribed 0.10 times. The NII portion of the public offer was subscribed 0.01 times. Regarding the IPO, Arun Kejriwal, founder of Kejriwal Research and Investment Services, told Mint that the financial condition of the company is good. The real estate company has assets that can be used to deal with any financial crisis, which is not visible on its balance sheet. Should apply for this IPO. But, I would suggest holding the stock for medium to long term as it is expected to remain bullish even after the positive listing.

Important details related to Suraj Estate Developers IPO

1. IPO GMP: The company’s shares are available in the gray market today at a premium of ₹70, which is ₹14 higher than its weekend GMP of ₹56.

2. IPO Price: The real estate company has fixed the price band of Suraj Estate IPO at ₹340 to ₹360 per equity share.

3. Suraj Estate Developers IPO Date: The public issue has opened today and will remain open till December 20, 2023.

4. IPO Size: The company aims to raise ₹400 crore from this public issue by issuing new shares.

5. IPO lot size: One bidder will be able to apply in one lot and one lot of IPO will include shares of 41 companies.

6. IPO allotment date: In view of the T+3 listing rule, the most likely date for share allotment is December 21, 2023.

7. IPO Registrar: Link Intime India Private Limited has been appointed as the official registrar of the public offering.

8. IPO Listing: The public issue is proposed to be listed on BSE and NSE.

9. IPO listing date: The probable date of share listing is 26 December 2023.

what is ipo

The full name of IPO is Initial Public Offering. It is a financial process in which a private company decides to issue an offer of its stock to investors in the open market. This is the first time for the company when it goes to sell its shares in the open market. When a company issues an IPO, it publicizes its shares and gives investors the opportunity to buy its shares. Through IPO, the company makes its stock available to investors through public and news media so that they can buy it. Through IPO, the company mostly tries to attract new investors for its stock and through this the company collects most of the capital to fulfill its development and financial plans. This is an attractive option for investors because it offers them the opportunity to own a public company.

Gray market is the market for second hand IPO.

Gray market can be called in simple words the second hand market of IPO. This means that after the IPO is issued, instead of buying directly from the stock market, you buy the IPO from an investor who has already invested in the company. The biggest problem in this gray market is that the sellers, brokers and traders working in it are not registered anywhere. There are no rules and regulations in this market. Business is done only on trust and personal interaction. At the same time, if money gets stuck, you have to do the recovery yourself.

,Disclaimer: The views and recommendations given above are those of individual analysts or broking companies. We advise investors to do their due diligence and seek advice from certified experts before taking any investment decision.,

[ad_2]

Source link