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Suraj Estate Developers IPO: At the BSE, the stock made its debut at Rs 343.80, a discount of 4.5 per cent from the issue price. During the day, shares of the company plunged 10 per cent to Rs 323.95 before settling at Rs 334.30, down by 7.13 per cent.
Get latest articles and stories on Latest News at LatestLY. Suraj Estate Developers' Initial Public Offer (IPO) received 2.42 times subscription on the second day of bidding on Tuesday. Latest News | Suraj Estate Developers IPO Subscribed 2.42 Times on Day Two of Offer.
Suraj Estate Developers IPO: The portion for Retail Individual Investors (RIIs) got subscribed 1.23 times while the quota for non-institutional investors received 28 per cent subscription. The Qualified Institutional Buyers (QIBs) part got subscribed 12 per cent.
Incorporated in 1986, Suraj Estate Developers is a real estate construction company, which develops residential and commercial real estate in the South Central Mumbai region.
Going by the draft papers, the IPO of Fedbank Financial Services Ltd (Fedfina) consists of a fresh issue of equity shares aggregating up to Rs 750 crore and an offer for sale (OFS) of 7.03 crore equity shares by promoter Federal Bank and existing shareholder True North Fund VI LLP.