Suraj Estate Developers IPO GMP History
Suraj Estate Developers IPO has been listed on December 26, 2023 at a listing price of ₹340, against the issue price of ₹360 — a loss of ₹20 (-5.56%). The GMP peaked at ₹65 on 20 December 2023 and reached a low of ₹25 on 23 December 2023. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Suraj Estate Developers IPO raised ₹400 Cr. through its IPO at a price band of ₹340 to ₹360 per share, with a lot size of 41 shares. The IPO was open for subscription from 18 Dec 2023 to 20 Dec 2023.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 6:23 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 23 Dec 2023 | ₹ 25 | ▼ | 7% | — | — |
| 22 Dec 2023 | ₹ 28 | ▼ | 8% | — | — |
| 21 Dec 2023 | ₹ 35 | ▼ | 10% | — | — |
| 20 Dec 2023 | ₹ 65 | — | 18% | — | — |
| 19 Dec 2023 | ₹ 65 | — | 18% | — | — |
| 18 Dec 2023 | ₹ 65 | ▲ | 18% | — | — |
| 16 Dec 2023 | ₹ 55 | ▼ | 15% | — | — |
| 15 Dec 2023 | ₹ 60 | ▲ | 17% | — | — |
| 14 Dec 2023 | ₹ 50 | — | 14% | — | — |
Suraj Estate Developers IPO dates
Key dates from opening to listing. Today is 11 November.
- Open 18 Dec 2023
- Close 20 Dec 2023
- Allotment 21 Dec 2023
- Refund/credit 22 Dec 2023
- Listing 26 Dec 2023
Suraj Estate Developers IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹360 |
|---|---|
| GMP-based estimate (pre-listing) | ₹385 (+6.9%) |
| Listing gain / loss | −₹20 per share |
| Listing date | 26 Dec, 2023 |
| Actual listing price | ₹340 (-5.56%) |
Is Suraj Estate Developers IPO GMP reliable?
Grey market premium for Suraj Estate Developers IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Suraj Estate Developers IPO full review for a fundamentals-based assessment before making any grey market trades.
Suraj Estate Developers IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Suraj Estate Developers IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Suraj Estate Developers IPO
Suraj Estate Developers Limited was incorporated in 1986. It is among the prominent real estate developers focused on the value luxury, luxury and commercial segments.
In value luxury it builds high quality 1 BHK and compact 2 BHK flats for aspirational buyers in premium locations. In luxury it builds homes for high net worth buyers in the South Central Mumbai region, which covers areas such as Cuffe Parade, Colaba, Lower Parel and Prabhadevi. It also develops commercial projects.
Its promoter is Rajan Meenathakonil Thomas.
The IPO was Rs 400 crore and was entirely fresh issue. Rs 285.00 crore was planned for repaying borrowings of the company and its subsidiaries, and Rs 35.00 crore for buying land or development rights.
Frequently asked
What is the GMP of Suraj Estate Developers IPO?
The current Grey Market Premium (GMP) of Suraj Estate Developers IPO is ₹ 25.
What is the Kostak Price of Suraj Estate Developers IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Suraj Estate Developers IPO is not available.
What is the Subject to Sauda Price of Suraj Estate Developers IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Suraj Estate Developers IPO?
Suraj Estate Developers IPO listed on December 26, 2023 at ₹340, against the issue price of ₹360 — a loss of -5.56%.
How did the GMP of Suraj Estate Developers IPO trend before listing?
The GMP of Suraj Estate Developers IPO was falling in its final days before listing. The GMP peaked at ₹65 on 20 December 2023. View the day-wise table above for the complete GMP history.
Explore Suraj Estate Developers IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
