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News Details

13/12/2023 13:30

Suraj Estate Develop announces launch of initial public offering

Suraj Estate Developers Ltd. has announced public offering of 11111112 shares at a price of Rs 5.00 each for Cash at a Premium of Rs 355.00 per share. The gross proceeds of the issue are expected to be Rs 40,000.00 lakhs.

The company's initial public offer (IPO) will open on 18 December 2023 and is expected to close on 20 December 2023, subject to customary closing conditions. The price band of the issue has been fixed at Rs 340.00-360.00 per share.

The IPO includes a fresh Issue of 11111112 Equity Shares of the Company at an price of Rs 360.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 41 shares with bids in multiples of 41.

Suraj Estate Developers Ltd. anticipates using the proceeds of the issue for .

ANAND RATHI ADVISORS LTD,ITI Capital Ltd. as lead manager(s) & Link Intime India Private Limited is the registrar, to the issue.