Suraj Estate Developers lists at 4.5% discount on the BSE
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Suraj Estate Developers has debuted at Rs 343.80 on the BSE, down by 16.20 points or 4.50% from its issue price of Rs 360.00.
The scrip is currently trading at Rs 346.45, down by 13.55 points or 3.76% from its issue price. It has touched a high and low of Rs 354.35 and Rs 323.95 respectively. So far 2.51 lakh shares were traded on the counter.
The offering, which was open for subscription between December 18, 2023 and December 20, 2023 was subscribed 16.57 times. The issue price was fixed at Rs 360 per share i.e. at upper end of price band of Rs 340-360 apiece.
Suraj Estate Developers builds and develops real estate, with a focus on best-in-class collaborations and client assurance. Its focus area of operation is the South-Central region in Mumbai mainly consisting of Mahim, Matunga, Dadar, Prabhadevi and Parel, as its expertise lies is in the redevelopment of tenanted properties under Regulation 33(7) of the Development Control and Promotion Regulations (DCPR) in the Mumbai region.
