Suraj Estate Developers Ltd IPO allotment finalized: A Step-by-Step Guide to Checking Your Status in 6 Simple Steps

Suraj Estate Developers Ltd IPO allotment:

If you've applied for the Suraj Estate Developers Ltd IPO, you're likely eager to know the allocation status. Well, the wait is over! The allotment process has been completed, and now you can easily check how many shares you've been allotted. You can do this by visiting the Link Intime India Pvt Ltd registrar website. Moreover, for those who didn't receive an allotment, rest assured, the refund process has also been finalized.

Suraj Estate Developers Ltd IPO allotment date:

The allotment date for the Suraj Estate Developers Ltd IPO has been confirmed, and allotments have been finalized. Investors who applied for the issue can now verify their allotment status on the registrar portal designated for Suraj Estate Developers Ltd IPO, managed by Link Intime India Pvt Ltd. You can discover the number of shares allotted to you through the registrar's website. Additionally, the company has concluded the refund process for investors who were not allotted shares. The subscription period for Suraj Estate Developers Ltd IPO commenced on December 18, 2023, and concluded on December 20, 2023.

Suraj Estate Developers Ltd IPO subscription:

On the third day of subscription, the Suraj Estate Developers Ltd IPO witnessed [-] times subscription. The listing date is scheduled on December 26, 2023. Investors can ascertain their share allocation through the basis of allotment process and check their allotment status. For those who were not allocated shares, the refund process will commence on December 22, 2023. Those allotted shares will receive them in their demat accounts on [-]. The listing date for Suraj Estate Developers Ltd IPO is confirmed to be December 26, 2023.

Suraj Estate Developers Ltd IPO: How to check allotment status?

If you've applied for the Suraj Estate Developers Ltd IPO, you can easily check your allotment status on the Link Intime India Pvt Ltd website. Here's a simple guide to check your allotment status:

  • Go to the Link Intime India Pvt Ltd website.
  • Select the Suraj Estate Developers Ltd IPO from the dropdown menu.
  • Choose either your Application Number, Demat Account, or PAN to proceed.
  • Select your application type as ASBA or non-ASBA.
  • Provide the required details based on your selection in the previous step.
  • Complete the Captcha verification.
  • Click on the submit button to view your allotment status.

How to check Suraj Estate Developers Ltd IPO allotment status on BSE:

  • Navigate to the allotment page on the official BSE website via this link: https://www.bseindia.com/investors/appli_check.aspx
  • In the 'Issue Type' section, opt for 'Equity' and pick the Suraj Estate Developers Ltd IPO from the dropdown menu labeled 'Issue Name'.
  • Enter either your PAN or application number, then click the 'Submit' button.

How to check Suraj Estate Developers Ltd IPO allotment status on NSE:

  • to NSE's official website using this link:https://www.nseindia.com/
  • Choose the 'Click here to sign up' option and complete the registration process using your PAN details.
  • Enter your username, password, and captcha code on the subsequent page.
  • Once logged in, navigate to the designated section to check the IPO allotment status.

Allocation quota for Suraj Estate Developers Ltd

The following table outlines the allocation quotas for different categories, detailing both the number of shares and the percentage of the total share capital raised. However, it's primarily the quotas for retail and HNI investors that are of significant interest.

Category of Investors Allocation of shares under IPO
Reservation for Employees 0 (0%)
Anchor Allocation 33,33,334 (30%)
QIB Shares Offered 22,22,222 (20%)
NII (HNI) Shares Offered 16,66,666 (15%)
Retail Shares Offered 38,88,889 (35%)
Total Shares Offered 1,11,11,111

Data Source: BSE, NSE

Let's now examine how different categories of investors participated in placing their bids for the IPO of Suraj Estate Developers Ltd.

Subscription levels for Suraj Estate Developers Ltd

Next, let's delve into the level of subscription. The table below illustrates the degree of subscription for each category, along with the overall subscription for Suraj Estate Developers Ltd.

Category Subscription Status
Qualified Institutional Buyers (QIB) [-]
S (HNI) ₹2 lakhs to ₹10 lakhs [-]
B (HNI) Above ₹10 lakhs [-]
Non Institutional Investors (NII) [-]
Retail Individuals [-]
Employees [-]
Overall Subscription [-]

Data Source: BSE, NSE

The QIB portion witnessed a subscription of [-] times, while the HNI/NII portion saw a subscription of [-] times. The Retail portion experienced a subscription of [-] times, culminating in an overall subscription of [-] times for the IPO.

Frequently Asked Questions

What is Suraj Estate Developers Ltd IPO?

Answer Field

Suraj Estate Developers Ltd IPO is a Mainboard IPO of 1,11,11,111 equity shares of a face value of ₹5 aggregating up to ₹400 Crores. The issue is priced at ₹360 to ₹360 per share. The minimum order quantity is 41 Shares. The IPO opens on December 18, 2023, and closes on December 20, 2023. Link Intime India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

When Suraj Estate Developers Ltd IPO will open?

Answer Field

The Suraj Estate Developers Ltd IPO opens on December 18, 2023 and closes on December 20, 2023.

What is the lot size of Suraj Estate Developers Ltd?

Answer Field

Suraj Estate Developers Ltd lot size is 41 shares, and the minimum amount required is ₹14,760.

How to apply for Suraj Estate Developers Ltd IPO?

Answer Field

You can apply in Suraj Estate Developers Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Suraj Estate Developers Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Suraj Estate Developers Ltd IPO will be done on December 21, 2023, and the allotted shares will be credited to your demat account by December 22, 2023.

When is Suraj Estate Developers Ltd IPO listing date?

Answer Field

The Suraj Estate Developers Ltd listing date is December 26, 2023.

Who is the registrar of Suraj Estate Developers Ltd IPO?

Answer Field

The registrar of Suraj Estate Developers Ltd IPO is Link Intime India Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

ITI Capital Ltd,Anand Rathi Advisors Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Suraj Estate Developers Ltd IPO?

Answer Field

The fresh issue size is ₹400 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Suraj Estate Developers Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 41 shares and ₹14,760 amount.

How can I approve the UPI mandate request for Suraj Estate Developers Ltd IPO?

Answer Field

To apply for Suraj Estate Developers Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Suraj Estate Developers Ltd?

Answer Field

The price of each Suraj Estate Developers Ltd share will be ranging in between ₹360 to ₹360 per share.

What is the cut-off time for the UPI mandate for Suraj Estate Developers Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, December 20, 2023.

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