Live Breaking News & Updates on Suraj Nekram Inpensa
Stay updated with breaking news from Suraj nekram inpensa. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The Mumbai-based realtor has fixed a price band of Rs 340-360 for its IPO and investors can bid for a minimum of 41 shares in one lot and multiples thereafter. According to market analysts, the current GMP of Suraj Estate Developers is Rs 50-60 in the unlisted market. ....
The quota reserved for retail individual investors (RIIs) was subscribed 2.82 times. The issue was booked 1.03% in the NII category. The portion allotted for qualified institutional bidders was subscribed 12%. According to market analysts, the current GMP of Suraj Estate Developers is Rs 50-60 in the unlisted market. ....
The stock is down by about 0.5% in a week compared to over 2% gain seen in the S&P BSE Sensex in the same period. It rose more than 4% in a month compared to 9% gain seen in the benchmark index. ....
"With extensive market knowledge, SEDL is a market leader in the combined South-Central Mumbai submarkets. Yet, the company must contend with competition from a range of national and regional real estate developers. The IPO is coming at a P/E of 35.64, which looks fairly priced, so we recommend applying for this IPO for listing gains," said Swastika Investmart. ....