What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the current subscription status of Suraj Estate Developers Limited IPO?

Suraj Estate Developers Limited IPO has received a total subscription of 16.57 times overall.

IPO GreyPremiumLIVE

Grey Market Intelligence

Suraj Estate Developers Limited

ListedMainboard

Industrial & 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

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

Overview Live GMP Subscription Status Allotment Status Filing Documents

Overall Subscription

16.57x

Total Demand

QIB Multiplier

25.74x

Institutions & Funds

NII / HNI

20.02x

High Net-Worth

Retail (RII)

9.84x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 16.57x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
QIB	2,222,221	57,201,396	25.74x
NIB	1,666,667	33,360,757	20.02x
HNIs(10L +)	1,111,112	20,410,005	18.37x
HNIs (2-10L)	555,555	12,950,752	23.31x
RETAIL	3,888,889	38,283,504	9.84x
Total	9,444,444	162,206,414	16.57x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 10.20x

Category	Applications Reserved	Applications Received	Times Subscribed
Retail (RII)	94,851	933,334	9.84x
HNIs (10L +)	607	12,152	20.02x
HNIs (2-10L)	2,904	58,138	20.02x
Total Applications	98,362	1,003,624	10.20x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

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.

Bidding & Quota Instructions:

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.

Allotment Reconciliation Schedule:

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 is Suraj Estate Developers Limited IPO GMP today?

The latest Grey Market Premium (GMP) for Suraj Estate Developers Limited IPO is ₹15 per equity share. Based on the upper price band of ₹340 to ₹360 per equity share, the estimated listing price is ₹375 (+4.2% expected listing gain).

What is the expected profit per lot for Suraj Estate Developers Limited IPO?

With a lot size of 41 shares and current GMP of ₹15, the expected profit per application lot is approx ₹615 (+4.2% gain). Minimum application cost is approx ₹14,760.

What is the issue size and price band for Suraj Estate Developers Limited IPO?

The Suraj Estate Developers Limited IPO aggregate issue size is ₹400 Crores with an equity price band set at ₹340 to ₹360 per equity share. The retail lot size is 41 shares requiring a minimum capital outlay of approx. ₹14,760.

How can I check Suraj Estate Developers Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 16.57x (Retail: 9.84x, QIB: 25.74x, NII: 20.02x). You can track live multiples directly on our dedicated subscription page.

Where and when will Suraj Estate Developers Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Link Intime India Private Limited) and the BSE status verification website on or around 2023-12-22. Investors can verify status using PAN card or application number.

When is the listing date for Suraj Estate Developers Limited IPO?

Suraj Estate Developers Limited shares are scheduled to list on NSE and BSE on 2023-12-26.