Suraj Estate Developers IPO Subscription Status
Suraj Estate Developers IPO was subscribed 16.57 times when bidding closed on 20 Dec 2023: QIB 25.74x, NII 20.02x, Retail 9.85x.
The Suraj Estate Developers IPO has been subscribed 16.57x times overall. Retail investors have shown interest with bids for 9.85x the shares available. The Non-Institutional Investor (NII) category has been subscribed 20.02x. Within NII, Big HNI (B-HNI) subscribed 18.37x and Small HNI (S-HNI) subscribed 23.31x. Qualified Institutional Buyers (QIBs) have subscribed 25.74x. Data last updated on 10 Nov, 06:23 PM.
The IPO subscription period has ended. Given the strong demand, the allotment process is expected to be highly competitive. The issue opened on 18 Dec, 2023 and closes on 20 Dec, 2023. The shares are expected to list on stock exchanges on 26 Dec, 2023.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Live bidding
Shares bid against shares offered, category by category, as published by the exchanges. Summary splits NII into bHNI (above ₹10 lakh) and sHNI (₹2–10 lakh); switch to Detailed for the exchange's own sub-category rows.
| Category | Bid details | Times |
|---|---|---|
| QIB | - of - - | 25.74x |
| NII | - of - - | 20.02x |
bHNI — bid amount above ₹10 Lakh |
- - | 18.37 |
sHNI — bid amount ₹2–10 Lakh |
- - | 23.31 |
| Retail | - of - - | 9.85x |
| TOTAL | - - | 16.57x |
Suraj Estate Developers IPO allotment probability
Your odds of an allotment in each category at the current subscription.
Odds = allotment slots ÷ applications, or the subscription multiple where counts aren't available. Retail and HNI allotment is by lottery; QIB is proportionate. Not investment advice.
Subscription insights
What the current book is saying, read off the category numbers above.
Retail Allotment
Subscription is above 1x. While a lottery is guaranteed, your probability of allotment is approximately 10.2% for a single lot.
Institutional Backing
Massive institutional interest with QIBs subscribing 25.74x. This often signals long-term confidence from professional funds.
Day-wise subscription history
End-of-day subscription across the 3-day bidding window. On phones, tap a day for the category split.
| Date | Total | ||
|---|---|---|---|
|
20 Dec 2023
Day 3 |
16.57x | ▼ | |
|
QIB25.74x
BHNI18.37x
SHNI23.31x
Retail9.85x
|
|||
|
19 Dec 2023
Day 2 |
2.42x | ▼ | |
|
QIB0.12x
BHNI2.58x
SHNI1.79x
Retail3.9x
|
|||
|
18 Dec 2023
Day 1 |
0.72x | ▼ | |
|
QIB0.12x
BHNI0.28x
SHNI0.29x
Retail1.24x
|
|||
Suraj Estate Developers IPO dates
From the bidding window 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
What does this subscription data mean?
IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:
- 01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
- 02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
- 03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
- 04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.
Data sourced from BSE/NSE. Subscription numbers are updated during bidding hours (10 AM – 5 PM IST) on active subscription days.
Frequently asked
What is the current subscription status of Suraj Estate Developers IPO?
As of IPO close date (20 Dec, 2023), the Suraj Estate Developers IPO is subscribed 16.57x times. Retail category is 9.85x, and NII is 20.02x subscribed.
When is the allotment date for Suraj Estate Developers IPO?
The allotment for Suraj Estate Developers IPO is expected to be finalized on 21 December, 2023.
What is the GMP of Suraj Estate Developers?
The Grey Market Premium (GMP) for Suraj Estate Developers is currently ₹25, indicating a potential listing gain of 7%.
When will Suraj Estate Developers IPO list on the stock market?
Suraj Estate Developers is scheduled to list on BSE and NSE on 26 December, 2023.
What are the chances of getting allotment in Suraj Estate Developers IPO?
The retail category is oversubscribed at 9.85x, meaning allotment is by lottery. Statistically, approximately 1 in 10 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.
What does QIB subscription of 25.74x mean for Suraj Estate Developers IPO?
Strong — QIBs (mutual funds, FIIs, insurance companies) have subscribed 25.74x, indicating high institutional conviction. Heavy QIB demand is historically one of the strongest predictors of a positive listing.
How to check Suraj Estate Developers IPO allotment status?
After the allotment date (21 Dec, 2023), you can check your Suraj Estate Developers IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.
Explore Suraj Estate Developers IPO further
Track every stage of this IPO, from subscription to listing.
It has listed — go back to the fundamentals.
Live grey market premium, Kostak and Subject to Sauda, with the day-wise trend.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
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Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.
