The Suraj Estate Developers Ltd IPO, which concluded on December 20, received significant demand from investors. The IPO allotment has been finalized, and investors can now check their allotment status online. The IPO registrar for Suraj Estate is Kfin Technologies Ltd, and investors can verify their allocation on the registrar’s website, as well as on the BSE and NSE stock exchange websites.
To check the Suraj Estate IPO allotment status on Kfin Technologies website, follow these steps:
### Steps to check Suraj Estate IPO Allotment Status on Kfin Technologies website:
1. Visit the registrar Kfin Technologies’ website: [https://kosmic.kfintech.com/ipostatus/](https://kosmic.kfintech.com/ipostatus/)
2. Select the company name “Suraj Estate Limited” in the “Select IPO” dropdown.
3. Choose one of the three options to check the status: Application No, Demat Account, or PAN.
4. Enter the details according to the chosen option.
5. Input the Captcha and click Submit.
The Suraj Estate IPO allotment status will be displayed on the screen.
To check the Suraj Estate IPO allotment on the BSE website, follow these steps:
### Steps to check Suraj Estate IPO Allotment on BSE website:
1. Visit the allotment page on BSE’s official website: [https://www.bseindia.com/investors/appli_check.aspx](https://www.bseindia.com/investors/appli_check.aspx)
2. Under ‘Issue Type,’ select ‘Equity.’
3. Choose the IPO from the dropdown option under ‘Issue Name.’
4. Enter PAN or application number.
5. Click on ‘I am not a Robot’ to confirm your identity, then hit the ‘Submit’ button.
The Suraj Estate IPO allotment status will be visible.
As of the latest update, the Grey Market Premium (GMP) for Suraj Estate IPO is ₹20 per share. This indicates that Suraj Estate Developers shares are trading at a premium of ₹20 in the grey market compared to their IPO price.
Considering the GMP and the issue price, the estimated listing price for Suraj Estate shares is ₹380 apiece, representing a 5.56% premium over the IPO price of ₹360 per share.
The Suraj Estate Developers IPO, valued at ₹400 crore, was an entirely fresh issue of 1.11 crore equity shares, priced in the range of ₹340 to ₹360 per share. ITI Capital Ltd and Anand Rathi Securities served as the book running lead managers, and Link Intime India Private Ltd acted as the IPO registrar.
The subscription period saw the IPO being subscribed 16.57 times, with strong demand across various investor categories. The retail category was subscribed 9.85 times, the Qualified Institutional Buyers’ (QIB) category was subscribed 25.74 times, and the Non-Institutional Investors’ (NII) portion was subscribed 20.02 times. The listing date for Suraj Estate IPO is scheduled for December 26 on both BSE and NSE.
