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Open
18 Dec 2023
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Close
20 Dec 2023
3
Allotment
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Listing
Tue, Dec 26, 2023
Price Band
₹340 to ₹360
Issue Size
1,11,11,111 shares (agg. up to ₹400 Cr)
Lot Size
41 Shares
Listing Date
Tue, Dec 26, 2023
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 11.78x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 994.73 | 942.58 | 864.00 | 792.00 |
| Total Income | 102.81 | 307.89 | 273.91 | 244.00 |
| Profit After Tax | 14.53 | 32.06 | 26.50 | 6.28 |
| NET Worth | 86.11 | 71.39 | 39.16 | 29.15 |
| Reserves and Surplus | 70.29 | 55.48 | 23.32 | 22.94 |
| Total Borrowing | 598.50 | 593.09 | 638.16 | 600.48 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Signatureglobal (India) Ltd. | Mainboard | ₹730.00 Cr | ₹385 | null | ₹458.55 | +19.10% | ₹793.15 (-5.65%) |
| SVS Ventures Ltd. | SME | ₹11.24 Cr | ₹20 | 75 | ₹21.50 | +7.50% | ₹5.83 (+0.00%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment/Prepayment of the aggregate outstanding borrowings of the Company and the Subsidiaries, Accord Estates Private Limited, Iconic Property Developers Private Limited and Skyline Realty Private Limited | 285.00 |
| 2 | Acquisition of land or land development rights | 35.00 |
| 3 | General corporate purposes | 44.73 |
About Suraj Estate Developers IPO
Incorporated in 1986, Suraj Estate Developers Limited is a real estate construction company. The company develops residential and commercial real estate in the South Central Mumbai region. The company does not provide any in-house construction services and is 100% dependent on third-party contractors for the construction services of its Projects. Suraj Estate Developers Limited has completed forty-two (42) projects in the South-Central Mumbai region. In addition to the completed projects, the company has thirteen (13) ongoing projects and sixteen (16) upcoming projects. The company's projects include Suraj Eleganza-II and ICICI Apartments, CCIL Bhavan (Phase-I up to 6th floor) and Tranquil Bay-I, Elizabeth Apartment and Mon Desir, St. Anthony Apartments, Lumiere and Tranquil Bay-II, Brahmsidhhi CHS, Jacob Apartments, Suraj Eleganza-I and Gloriosa Apartments and others. As of September 30, 2023, the company, together with its subsidiaries, employed 126 permanent employees. Suraj Estate has developed more than 10 lakh square feet of land in Mumbai. In the residential portfolio, Suraj Estate is present in the "Value Luxury' and "Luxury' segments in various price categories with unit v
Contact Details
Suraj Estate Developers Ltd. Address301, 3rd Floor, Aman ChambersVeer Savarkar Marg, Opp.Bengal ChemicalsPrabhadeviMumbai, Maharashtra, 400025+91 22 2437 7877suraj@surajestate.comVisit Website