Suraj Estate Developers IPO Subscription Details

Bookbuilding IPO | ₹400 Cr | Listed at BSE, NSE | Mon, Dec 18, 2023 - Wed, Dec 20, 2023

Basis of Allotment - Suraj Estate Developers IPO

Category QIB NII Retail Total
Ex. Anchor Anchor Investor Total QIB Below ₹10L Above ₹10L Total NII
Allocation (No. of shares)22,22,22233,33,33355,55,5555,55,55611,11,11116,66,66738,88,8891,11,11,111
Allotment price (Rs.)360360360360360360360360
No.of applications25113621,6147,07928,6937,83,8858,12,614
No.of shares applied5,69,77,90536,94,3876,06,72,2921,28,45,0952,03,04,3893,31,49,4843,71,10,78113,09,32,557
Amount collected (Rs.cr.)2,051.20 133.00 2,184.20 462.42 730.96 1,193.38 1,335.99 4,713.57
No.of times subscribed25.641.1110.9223.1218.2719.899.5411.78
No.of shares allotted22,22,22233,33,33355,55,5555,55,55611,11,11116,66,66738,88,8891,11,11,111
Amount (Rs.cr.)80.00 120.00 200.00 20.00 40.00 60.00 140.00 400.00
No.of allottees2511369671,9352,90294,85097,788

IPO Shares Offered

Suraj Estate Developers IPO is a public issue of 1.11 Cr equity shares. The issue offers 0.39 Cr shares to retail investors, 0.56 Cr shares to qualified institutional buyers, and 0.17 Cr shares to non-institutional investors.

CategoryShares OfferedAmt (₹ Cr.)Size (%)
QIB 55,55,555200.00 50.00%
    Anchor 33,33,333 120.00 30.00%
    QIB (Ex Anchor) 22,22,222 80.00 20.00%
NII 16,66,66760.00 15.00%
    bNII (> ₹10L)11,11,11140.00 10.00%
    sNII (< ₹10L)5,55,55620.00 5.00%
Retail38,88,889140.00 35.00%
Total1,11,11,111400.00 100%

Suraj Estate Developers IPO Anchor Investor Allocation

A total of 33,33,333 shares at a price of Rs 360 per share will be allotted to the anchor investors.

Anchor investors bid opening dateDec 15, 2023
Anchor investor price₹360.00
Anchor investors as % of QIBs60.00%
No. of shares locked-in for 30 days16,66,667
No. of shares locked-in for 90 days16,66,667
S.No.Anchor InvestorGroup EntityNo. of Shares AllottedAmount (Rs.cr.)% Allotment within Anchor Investor Portion% Allotment of Issue
1 SBI GENERAL INSURANCE CO.LTD. SBI GENERAL INSURANCE 4,16,642 15.00 12.50 3.75
2 TATA HOUSING OPPORTUNITIES FUND TATA MUTUAL FUND 2,77,816 10.00 8.33 2.50
3 INDIA EQUITY SERVICES FUND INDIA EQUITY SERVICES 2,77,816 10.00 8.33 2.50
4 LC PHAROS MULTI STRATEGY FUND VCC-LC PHAROS MULTI STRATEGY FUND SF1 LC PHAROS 3,60,874 12.99 10.83 3.25
5 ITI FLEXI CAP FUND ITI MUTUAL FUND 2,77,816 10.00 8.33 2.50
6 BNP PARIBAS FINANCIAL MARKETS-ODI BNP PARIBAS 2,77,816 10.00 8.33 2.50
7 BNP PARIBAS FINANCIAL MARKETS BNP PARIBAS 3,61,128 13.00 10.83 3.25
8 SOCIETE GENERALE-ODI SOCIETE GENERAL 2,77,816 10.00 8.33 2.50
9 QUANTUM-STATE INVESTMENT FUND QUANTUM-STATE 2,77,816 10.00 8.33 2.50
10 IEGFL-MULTI OPPORTUNITY IEGFL 3,88,885 14.00 11.67 3.50
11 MERU INVESTMENT FUND PCC-CELL 1 MERU INVESTMENT 1,38,908 5.00 4.17 1.25
33,33,333120.0010030.00

IPO Subscription FAQs

The Suraj Estate Developers IPO is subscribed 16.57 times by Dec 20, 2023 19:02.

Suraj Estate Developers IPO Subscription

Investor Category Subscription (times)
Qualified Institutional25.74
Non Institutional20.02
Retail Individual9.85
Total Subscription16.57

Retail category of Suraj Estate Developers IPO subscribed 9.85 times as of date Dec 20, 2023 19:02. The public issue closes on Wed, Dec 20, 2023 for bidding.

An investor can apply in Suraj Estate Developers IPO online via bank (using ASBA) or the broker (using UPI). The Suraj Estate Developers IPO shares are offered online only.

The Suraj Estate Developers IPO is subscribed 16.57 times by Dec 20, 2023 19:02.

The Suraj Estate Developers IPO allotment status is expected on or around Thursday, December 21, 2023. Visit Suraj Estate Developers IPO allotment status to check.

The Suraj Estate Developers IPO listing date is December 26, 2023. The equity share of Suraj Estate Developers IPO will list on BSE, NSE.

Visit Suraj Estate Developers IPO subscription status page for real-time bidding information about Suraj Estate Developers IPO.

Suraj Estate Developers IPO Timetable

IPO opens OnMonday, December 18, 2023
IPO Closes OnWednesday, December 20, 2023
Finalisation of Basis of AllotmentThursday, December 21, 2023
Initiation of RefundsFriday, December 22, 2023
Credit of Shares to Demat AccountFriday, December 22, 2023
IPO Listing DateTuesday, December 26, 2023
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