Suraj Estate IPO: An examination of the GMP and subscription situation on the last day should you purchase?
At 10:55 am on the last day of bidding, 3.26 subscriptions had been made for the ₹400 crore initial public offering (IPO) of real estate company Suraj Estate Developers. Against the 77.77 lakh shares that were on offer, it had bids for 2.53 crore shares. Monday, December 18, marked the start of the IPO, which…