Page 94 - Estate Developers News Today

Nifty futures on the NSE International Exchange traded 8 points, or 0.04 per cent, higher at 21,417, hinting at a flattish start for the domestic market on Tuesday.

The company’s shares opened at Rs 340 apiece on the National Stock Exchange (NSE), marking a 5.55 per cent decline from the issue price of Rs 360. Meanwhile, on the Bombay Stock Exchange (BSE), the stock debuted at Rs 343.80, reflecting a 4.5 per cent discount.

The IPO of Suraj Estate Developers was booked over 15.65 times at close. The retail portion of the issue was subscribed 9.3 times, and the non-institutional categorys subscription rate stood at 18.9 times.

Suraj Estate Developers sold its IPO in the price band of Rs 340-360 apiece, with a lot size of 41 shares. The IPO ran from December 18 to December 20.

Analysts suggest Suraj Estate Developers presents a viable hold opportunity for medium to long-term investors

The IPO of Suraj Estate Developers was booked over 15.65 times at close. The retail portion was subscribed 9.3 times, and the non-institutional categorys subscription rate stood at 18.9 times. The net proceeds to be raised from the fresh issue will be used towards repayment of debt of the company and its subsidiaries, acquisition of land or land development rights, and other general corporate purposes.

On the allotment date, investors get to know about the number of shares allotted to them as against the bids made. They can check the allotment status through the BSE or by visiting the registrars website. Heres how you can check the status on BSE.

Suraj Estate Developers sold its IPO in the price band of Rs 340-360 apiece with a lot size of 41 shares, which was open for bidding between December 18 to December 20.

The IPO of Suraj Estate was subscribed 15.65 times on the last day Wednesday. The category reserved for retail investors was subscribed 9.3 times, while the NII portion was subscribed 18.9 times. The category reserved for the QIB category was subscribed 24.3 times.

Suraj Estate Developers IPO: The price band for the Rs 400-crore issue, which opened on December 18, has been fixed at Rs 340-360 a share