Suraj Estate Developers Limited is a real estate company with more than 38 years of experience in design and construction. It was founded in the year 1986 by Thomas Rajan.
The company has successfully completed more than 42 projects across residential and commercial segments.
They have developed more than 10 lakh+ square feet land in prime locations across Mumbai.
Suraj Estate Developers has also developed custom spaces for some of the country’s leading institutions – including National Stock Exchange (NSE), Union Bank of India, Saraswat Bank, Axis Bank, ICICI Bank, among others.
Some of their ongoing projects in Mumbai include:
- The Palette – Dadar West.
- Ocean Star – Prabhadevi.
- Suraj Emmanuel – Dadar West.
- Louisandra – Dadar West.
- Ave Maria – Dadar West.
- Nirvana – Parel.
- Vitalis – Mahim.
- Eterna – Mahim.
- Park View – Shivaji Park.
The initial public offering of Suraj Estate Developers was held in December 2023. The response to the IPO, which was priced at ₹ 360 per share, was decent. It was subscribed 16.57 times.
On December 26th 2023, the company was listed on the two major stock exchanges in India – NSE and BSE.
The listing was below-expectations. The Suraj Estate Developers stock price opened at ₹ 340, which was ₹ 20 below its IPO price. It closed at ₹ 334.5 per share – giving investors a loss of 7.1%.
Suraj Estate Developers Share Price History
| Year | Share Price | Gain / Loss |
|---|---|---|
| IPO | ₹ 360.00 | |
| Listing | ₹ 334.50 | - 7.1% |
| 2023 | ₹ 330.10 | - 1.3% |
| 2024 | ₹ 768.00 | + 132.7% |
Suraj Estate Developers Share Price Chart
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Suraj Estate Developers IPO
- IPO Price – ₹ 360 per share
- IPO Lot Size – 41 shares
- Listing Date – 26 December 2023
- Listing Day Opening Price – ₹ 340
- Listing Day Closing Price – ₹ 334.50
- Listing Day Loss – 7.1%
If 1 lot (41 shares) of Suraj Estate Developers shares were purchased during the IPO at ₹ 360 per share – the total investment in the IPO would be ₹ 14,760.
The value of the shares on listing day, at closing share price of ₹ 334.50, would be ₹ 13,714.5.
The listing day loss from Suraj Estate Developers shares would be ₹ 1045.5. A loss of 7.1% over the IPO price.
Suraj Estate Developers Share Calculator
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The Suraj Estate Developers calculator will tell you the value of your Suraj Estate Developers investment in 2024.
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- During 2023, the share price of Suraj Estate Developers was ₹ 360.
- If you had bought shares worth ₹ 2500 in 2023, you would have 69 shares today.
- At the end of 2024, the current value of your shares would be ₹ 53333.
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