Suraj Estate IPO day 2 subscription status: Issue subscribed 2.42 times so far; retail portion subscribed 3.9 times

livemint.com:

Suraj Estate IPO : The initial public offering (IPO) of Suraj Estate Developers Limited that opened on Monday, December 18 and will remain open till Wednesday 20th December 2023, saw retail portion subscribed 390% As on 19th December, Tuesday the issue had been subscribed 2.42 times. The public issue subscribed 3.9 times in the retail category, 0.12 times in QIB, and 2.06 times in the NII category by December 19 2023 5.00 PM as per BSE Meanwhile, shares of Suraj Estate Developers Limited are available for trade in grey market. According to investorgain.com, the shares of Suraj Estate Developers Limited are available at a premium of ₹70 in grey market today.

Also Read- FirstCry IPO: Ecommerce platform all set to file draft papers to raise over $600 million, says report Key things to Know- 1.Suraj Estate IPO GMP: Shares of the company are available at a premium of ₹70 in grey market today. The GMP hs increased by ₹14 compared to GMP of ₹56 over the weekend. The GMP indicates that investors are expecting listing of the shares at ₹430, 19.44% over the issue price of Rs360 2] Suraj Estate IPO price: The real estate company has fixed Suraj Estate IPO price band at ₹340 to ₹360 per equity share.

3] Suraj Estate Developers IPO date: The public issue has opened today and it will remain open till 20th December 2023. 4] Suraj Estate IPO size: The company aims to raise ₹400 crore from this public issue via issuance of fresh shares. 5] Suraj Estate IPO lot size: A bidder will be able to apply in lots and one lot of the IPO will comprise 41 company shares.