Suraj Estate Developers Limited IPO allotment status will be available to check through the website of IPO registrar Link Intime today. The company will finalise the basis of allotment for its IPO today on 21st December 2023 and the allotment status will then be made available through the websites of Link Intime as well as BSE and NSE.
Suraj Estate Developers Limited IPO was open for subscription between 18th to 20th December 2023 and was subscribed a total of 16.57 times, receiving bids worth over Rs 4,638 crore against the issue size of Rs 400 crore. The IPO was subscribed 9.85 times in retail category, 20.02 times in NII category and 25.74 in QIB category. Over 9 lakh applications were received for the IPO. Considering the subscription numbers and the shares on offer, 1 in 9 retail investor is likely to get the allotment.
Suraj Estate Developers IPO allotment: Important dates
- The basis of allotment is set to be finalised today on 21st December 2023. Investors can expect the allotment status to be available at Link Intime website by night.
- The refunds will be initiated on the following day i.e., 22nd December.
- The company will credit the shares to the Demat accounts of successful allottees by 22nd December 2023.
- The company will list on the primary stock markets on 26th December 2023.
How to check the allotment status?
Investors who bid for the Suraj Estate Developers Limited IPO, can follow these steps to check the allotment status:
- Visit the IPO Registrar Link Intime website at this link
- Select the issue name ‘Suraj Estate Developers Limited’ from the companies list
- Enter any one of the following details – PAN, application number or Demat account
- Submit the request. Allotment status will be displayed on the screen.
The allotment status can also be checked through the BSE and NSE websites following the same process.
Two more IPOs- Motisons Jewellers and Muthoot Microfin will have their allotment finalised today on 21st December. While Link Intime is the registrar for Motisons Jewellers, Muthoot Microfin IPO’s registrar is Kfintech.
