T he IPO of real estate sector companies Suraj Estate Developers and Happy Forgings is going to be launched in the stock market on 26th and 27 December respectively, Meanwhile, their shares are trading in the unlisted market.
Suraj Estate IPO GMP and listin date
The issue was opened between December 18 and 20 and closed with a 16.57 times subscription. The portion reserved for Qualified Institutional Buyers (QIB) was subscribed 25.74 times, the reserved portion for Non-Institutional Investors (NII) was subscribed 20 times and the reserved portion for retail investors was subscribed 9.85 times. The shares of the Suraj estate will make a stock market debut on December 26. Meanwhile, the shares are trading at a premium of Rs 360 to Rs 15 or 4.17% against the IPO's upper brand in the Grey market.
As per the grey market, the shares are expected to be listed for Rs 375 per share. The grey market is an unofficial platform for trading in a stock right up to its listing. The price band for the IPO of Suraj Estate Developers was kept at Rs 340-360 per share. The company aims to raise Rs 400 crore with its IPO.
Happy Forgings IPO GMP and Listing Date
The IPO of Happy Forgings Limited received strong subscriptions from investors. It was open for subscription from December 19 to 21 and it was subscribed 80.20 times. The company allotted shares to successful investors on 23 December. Now investors are eagerly waiting for the listing. The company's shares will be listed on both BSE and NSE on December 27.
Meanwhile, Before the listing, the shares are getting strong signals in the grey market. Today on December 25, this stock is trading at a premium of Rs 292. As per grey market data, there is a possibility of listing of shares at the price of Rs 1142 or with a profit of about 35 per cent.
Adani Green Energy Inks Pact With Government Firm For Supply of 1,799 MW Solar Power
#Hashtags