Suraj Estate IPO listing date today. GMP, experts see a positive debut of shares
Suraj Estate IPO: Listing date for the initial public offering (IPO) of Suraj Estate Developers Limited has been fixed on 26th December 2023. As per the information available on BSE website, Suraj Estate share price will list on BSE and NSE during Tuesday deals in special pre open session. Suraj Estate IPO listing will take place in 'B' group of securities.
"Trading Members of the Exchange are hereby informed that effective from Tuesday, December 26, 2023, the equity shares of Suraj Estate Developers Limited shall be listed and admitted to dealings on the Exchange in the list of 'B' Group of Securities," says BSE notice. Meanwhile, Suraj Estate IPO has gained strength in grey market ahead of listing date. As per the stock market observers, Suraj Estate share price is available at a premium of ₹22 in grey market today.
According to stock market experts, Suraj Estate IPO received decent response from investors and it has remained steady in grey market after closure of its subscription. They said that Suraj Estate IPO listing price may take place at a premium of ₹15 to ₹20, which means the real estate stock may list in ₹375 to ₹380 per share. They said that Suraj Estate Developers have strong fundamentals and it may give strong return in medium to long term.
Experts went on to add that the stock may list at a premium of around 6 per cent on share listing date. Speaking on expected Suraj Estate IPO listing price, Arun Kejriwal, Founder at Kejriwal Research and Investment Services said, "The public issue may not list at a whopping rpemium but the company is in redevelopment business and they are mainly in Mumbai south central region, which is full of middle midle class owning bunglows. In this region supply of land is limited
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