Suraj Estate Developers refiles papers for IPO Real estate player Suraj Estate Developers has filed fresh preliminary papers with the Securities and Exchange Board of India (Sebi) to raise R400 crore through an initial public offering (IPO). Before this, the Mumbai-based realty film filed its draft IPO papers in March 2022. The IPO is entirely a fresh issue of equity shares worth up to 400 crore with no offer for sale component, according to the fresh draft red herring prospectus (DRHP) filed on Monday.