Suraj Estate Developers Limited

Company Profile
Company Name Suraj Estate Developers Limited
Open Date 18-12-2023
Close Date 20-12-2023
Exchange BSE, NSE
Lot Size 41 Shares
Issue Price ₹340 to ₹360 per share
Issue Size 1,11,11,111 Equity Shares
Application Amount Min. Inv. - ₹ 14,760 (41 shares) Max. Inv. – ₹ 1,91,880 (533 shares)
Recommendation Apply

Suraj Estate Developers Limited was originally carried on as a partnership firm in 1986 and had its registered office in Mumbai, Maharashtra. The company develop real estate across the residential
and commercial sectors in the South-Central Mumbai region. The company is focused primarily on value luxury,lxury segments and commercial segments. The company is now venturing into residential real
estate development in the Bandra sub-market. As of 30th September 2023, the Company had 126 employees on its payroll.

(Read more on the review)

Financial Summary in Cr.

For the Period Ended Mar-21 Mar-22 Mar-23 Jun-23
Total Assets 792.00 864.00 942.58 994.73
Net Assets 29.15 39.16 71.39 86.11
Total Borrowings 600.48 638.16 593.09 598.50
Total Revenue 244.00 273.91 307.89 102.81
Profit After Tax 6.28 26.50 32.06 14.53

Tentative Timeline

Opening Date 18/12/2023
Closing Date 20-12-2023
Basis of Allotment 21-12-2023
Initiation of Refunds 22-12-2023
Credit of Shares to Demat 22-12-2023
Listing Date 26-12-2023

Objects of the Issue

Repayment/Prepayment of the borrowings of the company and its subsidiaries.
Acquisition of land or land development rights.
General corporate purposes

Contact Information

Registered Office Suraj Estate Developers Limited - 301, 3rd Floor, Aman Chambers, Veer Savarkar Marg, Opp. Bengal Chemicals, Prabhadevi, Mumbai - 400025
Phone +91 22 2437 7877
Email suraj@surajestate.com
Website https://surajestate.com/

Registrar Details

Name Link Intime India Private Limited
Phone +91-22-4918 6270
Email surajestate.ipo@linkintime.co.in
Website https://linkintime.co.in/mipo/ipoallotment.html

IPO Reservation

Anchor Investor Shares Offered 3,333,333 (30.00%)
QIB Shares Offered 2,222,222 (20.00%)
NII (HNI) Shares Offered 1,666,666 (15.00%)
bNII > ₹10L 1,111,110 (10.00%)
sNII < ₹10L 555,555 (5.00%)
Retail Shares Offered 3,888,889 (35.00%)
Total Shares Offered 11,111,110 (100%)

Shareholding Pattern

Share Holding Pre Issue (Promoters) 100.00%
Share Holding Post Issue (Promoters) 74.95%

Contact Us to Enable Your Success!