SURAJEST

** Shares of Suraj Estate Developers SRAE.NS rise as much as 4.9% to 710.70 rupees

** Real estate developer on Wednesday said its unit Iconic Property Developers has acquired land in Mumbai for 1.01 bln rupees ($11.9 mln)

** Adds, land to be used for development of a commercial building with an expected gross development value of about 5.25 bln rupees

** More than 143,000 shares change hands, 1.9x of 30-day avg

** Since listing on Dec. 26, 2023, stock has jumped 105%

($1 = 84.7275 Indian rupees)

(Reporting by Ashish Chandra in Bengaluru)

(([email protected] (+91 7982114624))

Dec 4 (Reuters) - Suraj Estate Developers Ltd SRAE.NS:

• SURAJ ESTATE DEVELOPERS LTD - UNIT PURCHASED LAND PARCEL IN MUMBAI FOR 1.01 BILLION RUPEES

• SURAJ ESTATE DEVELOPERS - SEES GROSS DEVELOPMENT VALUE OF PROJECT FOR ABOUT 5.25 BILLION RUPEES

Source text: ID:nBSE7FGhKm

Further company coverage: SRAE.NS

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** Shares of India's Suraj Estate Developers SRAE.NS rise as much as 3.6% to hit record high 847 rupees

** SRAE last up 1.5%, extends gains for the seventh straight session

** Property firm's board approved warrant issue, fundraise through preferential share issue

** YTD stock has soared over 151%

(Reporting by Hritam Mukherjee in Bengaluru)

(([email protected];))

** Shares of real estate developer Suraj Estate Developers SRAE.NS rise as much as 9.4% to 629.80 rupees, hitting a record high

** Brokerage Nuvama initiates coverage on co with 'buy' rating; sets TP of 757 rupees

** With eighteen projects under planning to be launched by FY28-end, Nuvama expects the entire inventory to get liquidated by FY31

** Nuvama analysts see ongoing and upcoming residential projects of co to generate net cash flow of 35.79 billion rupees ($428.7 million) over FY25–32

** Stock gained for three straight weeks; set to climb for a fourth consecutive week

** Stock last up 7.5%, pushing YTD gains to 86.3%

($1 = 83.4925 Indian rupees)

(Reporting by Anisha Ajith in Bengaluru)

(([email protected];))

June 28 (Reuters) - Suraj Estate Developers Ltd SRAE.NS:

• SURAJ ESTATE DEVELOPERS LTD - CLARIFICATION ON MOVEMENT IN PRICE

• SURAJ ESTATE DEVELOPERS - WE MAY MAKE ANNOUNCEMENT IN FUTURE ABOUT PROBABLE SALE OF PROPERTY TO A CORPORATE ENTITY VALUED ABOUT 900 MILLION RUPEES

• SURAJ ESTATE DEVELOPERS - DEAL IS STILL AT A NON- BINDING MOU STAGE

• SURAJ ESTATE DEVELOPERS - WE ALSO EXPECT TO SETTLE A LONG PENDING CASE AT CITY CIVIL COURT BETWEEN A CO-OPERATIVE HOUSING SOCIETY AND CO

• SURAJ ESTATE DEVELOPERS - THIS SAID SOCIETY IS STANDING ON ONE OF PROPERTIES OWNED BY CO AT DADAR (WEST)

Source text for Eikon: ID:nBSE5X4QhX

Further company coverage: SRAE.NS

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May 7 (Reuters) - Suraj Estate Developers Ltd SRAE.NS:

• APPROVED FUND RAISE OF UP TO 5 BILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: SRAE.NS

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April 22 (Reuters) - Suraj Estate Developers Ltd SRAE.NS:

• ACQUIRES FREEHOLD LAND ADMEASURING 1,073 SQUARE METERS WITH GDV OF 1.2 BILLION RUPEES

• ACQUIRES FREEHOLD LAND AT MAHIM (WEST), MUMBAI FOR A TOTAL CONSIDERATION OF 331 MILLION RUPEES

Further company coverage: SRAE.NS

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** Shares of Suraj Estate Developers SRAE.NS rise 2.8% at 343.85 rupees

** Real estate co says it amicably settled legal dispute with OLV & OLPS society

** Co also unlocks gross development value (GDV) potential of about 3.50 bln rupees, additional redevelopment with GDV of about 2.25 bln rupees

** Stock set to gain for a second straight week if trend continues, SRAE declined 21% in Q4

** SRAE up about 2.6% since its listing in Dec. 26, 2023

($1 = 83.1725 Indian rupees)

(Reporting by Yagnoseni Das in Bengaluru)

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Feb 26 (Reuters) - Suraj Estate Developers Ltd SRAE.NS:

• SURAJ ESTATE DEVELOPERS LTD - TO CONSIDER RAISING OF FUNDS

• SURAJ ESTATE DEVELOPERS LTD - TO CONSIDER FUND RAISE UP TO 700 MILLION RUPEES

• SURAJ ESTATE DEVELOPERS LTD - TO CONSIDER RAISING OF FUNDS BY WAY OF PRIVATE PLACEMENT OF NON-CONVERTIBLE DEBENTURES

Source text for Eikon: ID:nBSE3dDjpd

Further company coverage: SRAE.NS

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** Shares of Innova Captab INNC.NS rise 21% in their market debut to 542.50 rupees

** INNC opened at a small premium of 452.1 rupees vs issue price of 448 rupees

** Pharma co's 5.7 bln rupees ($68.59 million) IPO was oversubscribed by 55.3x

** INNC is the eighth co to list this week after Muthoot Microfin MUTO.NS, Suraj Estate Developers SRAE.NS, Happy Forgings HAPY.NS, Credo Brands CREO.NS, Motison Jewellers MOTN.NS, RBZ Jewellers RBZJ.NS and Azad Engineering AZAD.NS

** Companies have raised funds worth 447.93 billion rupees in main board IPOs so far this year, down 24% from a year ago, as per NSE data

($1 = 83.1050 Indian rupees)

(Reporting by Sethuraman NR in Bengaluru)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))

** Shares of Indian machine components maker Azad Engineering AZAD.NS close at a 29.3% premium to the issue price of 524 rupees in market debut

** Shares had opened 720 rupees, a premium of 37.4%

** AZAD's offer of fresh issue of up to 2.4 billion Indian rupees ($28.86 million) and offer for sale of 5 bln rupees was subscribed ~81 times

** AZAD, backed by the likes of former Indian cricketer Sachin Tendulkar and Indian badminton ace Saina Nehwal, is among companies which have seen premium listing in crowded IPO space in late 2023

** Azad is the seventh co to list this week after Muthoot Microfin MUTO.NS Suraj Estate Developers SRAE.NS Happy Forgings HAPY.NS, Credo Brands CREO.NS, Motison Jewellers MOTN.NS and RBZ Jewellers RBZJ.NS

** Companies have raised funds worth 447.93 billion rupees in main board IPOs so far this year, down 24% from a year ago, as per NSE data

($1 = 83.1690 Indian rupees)

(Reporting by Sethuraman NR in Bengaluru)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))

** Shares of Suraj Estate Developers SRAE.NS were 4% lower in trading debut vs IPO price of 360 rupees

** SRAE debuts at 340 rupees, much lower than the IPO price; stock had plunged to 324.05 rupees in the session

** Co's 4 bln rupees ($48.09 mln) IPO had fresh issue of shares; IPO oversubscribed 15.65x - exchange data

** SRAE's net profit for the year ended March 31 up nearly 22%, while revenue from operations climbs 12%

($1 = 83.1700 Indian rupees)

(Reporting by Rama Venkat in Bengaluru)

(([email protected]; https://twitter.com/ramavenkat0607;))