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IPO

S

₹14,760 / 41 shares

RHP/DRHP

Issue Date

18 Dec - 20 Dec'23

Price Range

₹340 - ₹360

Lot Size

41

IPO Size

₹400.00 Cr

Suraj Estate Developers IPO Listing Details

Listing On

26 Dec'23

Issue Price

₹360

Listed Price

₹ 340

Retail Gain/Listing Gain

-5.56%

Schedule of Suraj Estate Developers IPO

Start date

18/12/2023

End date

20/12/2023

Allotment of bids

Refund Initiation

Listing on exchange

26/12/2023

Suraj Estate Developers Limited has been involved in the real estate business since 1986 and develops real estate across the residential and commercial sectors in the South Central Mumbai region.

The company is focused primarily on value luxury, luxury segments and commercial segments, and is now venturing into residential real estate development in the Bandra sub-market.

Let's take a look at the competitive strengths and risk factors for Suraj Estate Developers Limited:

  • The business is dependent on the performance of, and the conditions affecting, the real estate sub-markets in the South-Central Mumbai region.
  • Inability to complete their ongoing projects and upcoming projects by their respective expected completion dates, or at all, could have a material adverse effect on the business.
  • As of October 31, 2023, the company has a total of 216 unsold units in their ongoing projects. If it is not able to sell on time, then it may adversely affect the business.
  • Enhance their leading market position in the South Central Mumbai region by leveraging upcoming projects.
  • Continue to focus on redevelopment projects through an asset-light model.
  • Continue to expand land reserves in the South Central Mumbai region and opportunistically build a position in other sub-markets within the MMR region.
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Here's a video playlist to help you invest in Suraj Estate Developers Limited IPO
How to apply for IPO through ASBA

Kotak Securities

00m 59 s

How to apply for an IPO using UPI
Kotak Securities 01m 19 s

Here are the steps to apply for Suraj Estate Developers Ltd IPO:

Step 1: Log in to your Kotak Securities Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.

Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.

Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.

Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.

Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.

Apply for Suraj Estate Developers IPO