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Suraj Estate Developers Limited IPO Subscription Status

📅Offer Date: 18 Dec 2023 – 20 Dec 2023

Minimum investment
₹14,76041 shares
View IPO details

Data sourced from BSE & NSE · Last updated

Total15.65x
QIB24.31x
NII18.90x
Retail9.30x

Suraj Estate Developers Limited IPO was subscribed 15.65x in total when bidding closed on 20 Dec 2023, with 24.31x in the QIB category, 18.90x in NII, 9.30x in retail. The issue ran from 18 Dec 2023 to 20 Dec 2023 at a price band of ₹340.00–₹360.00 per share.

QIB24.31xNII18.90xRetail9.30xTotal15.65x1×

Times subscribed by category against the 1× line.

10
≈ 1 in 10 retail allotment
low allotment chance

Based on retail subscription (9.30x). Final allotment decided by registrar's computerised lottery.

Subscription Details (No. of Shares)

CategoryOfferAppliedTimes
QIBs22,22,2225,40,22,21724.31x
NIIs16,66,6663,14,99,98718.90x
SNIIs (<10L)5,55,55561,16,66111.01x
BNIIs (>10L)11,11,1103,85,55,51734.70x
Retail38,88,8893,61,66,6689.30x
Total77,77,77712,17,22,21015.65x

Subscription in Crores (₹Cr)

CategoryOfferedDemandTimes
QIBs80.001944.8024.31x
NIIs60.001134.0018.90x
Retail140.001302.009.30x
Total280.004380.8015.65x

Values derived from share count × issue price (₹360.00)

What this means for allotment & listing

Because Suraj Estate Developers Limited closed oversubscribed, allotment follows the applicable category and exchange rules. A high subscription figure reflects strong demand but does not guarantee a premium listing, and a low figure does not guarantee a discount. This page is for information only and is not investment advice.

BSE, NSE listed · Bidding data sourced from BSE & NSE under SEBI ICDR regulations.

Suraj Estate Developers Limited IPO subscription FAQs