Suraj Estate Developers Limited
ListedMainboardIndustrial & Financial Services · NSE / BSE
Incorporated in April 1992, Muthoot Microfin Limited is a microfinance institution that provides small loans mainly to women in rural areas to support income generating activities. As of December 31, 2022, it is the fourth largest NBFC-MFI in India by gross loan portfolio, the largest in Kerala and the third largest in South India. The company also has a strong presence in Tamil Nadu with around 16% market share. As of March 31, 2023, Muthoot Microfin serves 2.77 million customers through 1,172 branches in 321 districts across 18 states and union territories, supported by a workforce of 10,227 employees.
Price Band
₹340 – ₹360
Issue Size
₹400 Cr
Lot Size
41 shares
GMP
₹15
+4.2%
Est. Listing
₹375
at current GMP
Subscribed
16.57x
overall
Open
18 Dec 2023
Close
20 Dec 2023
Allotment
22 Dec 2023
Refund
23 Dec 2023
Demat Credit
24 Dec 2023
Listing
26 Dec 2023
Last updated 12 days ago
Official Registrar Verification
Suraj Estate Developers Limited Allotment Status
Designated Registrar: Link Intime India Private Limited
Allotment Date
22 Dec 2023
Basis finalization
Refunds Initiate
23 Dec 2023
Mandate release
Demat Credit
24 Dec 2023
Shares in demat
Listing Debut
26 Dec 2023
Trading begins
How to Check Suraj Estate Developers Limited IPO Allotment Status
- Click the Check on Registrar button above to visit Link Intime India Private Limited's allotment portal.
- Select Suraj Estate Developers Limited from the dropdown company list.
- Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
- Enter your details accurately and solve the Captcha code.
- Click Submit / Search to view the number of shares applied and allotted to you.
About Suraj Estate Developers Limited Public Issue & Market Profile
Suraj Estate Developers Limited is bringing an initial public offering (IPO) in the Industrial & Financial Services sector with an aggregate issue size of ₹400 Crores. The shares are offered at a price band of ₹340 to ₹360 per equity share on NSE and BSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Public Issue & Allotment Procedure:
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 41 shares (approx. ₹14,760 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Official Allotment Timelines & Registrar Guidance:
Allotment reconciliation will be managed by Link Intime India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2023-12-24, while un-allotted funds or UPI block mandates will be released on 2023-12-23.
Frequently Asked Questions
What if my name is not showing on the registrar portal?
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
How will I receive the refund if I don't get allotment?
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.