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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
Latest GMP
₹15
Est. Gain
4.17%
✦ AI Insight
GMP Trend
26-12-2023₹15Est. ₹375+4.17%
25-12-2023₹15Est. ₹375+4.17%
24-12-2023₹15Est. ₹375+4.17%
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% | ₹785.20 |
| SVS Ventures Ltd. | SME | ₹11.24 Cr | ₹20 | 75 | ₹21.50 | +7.50% | ₹5.66 |
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
Updated on Aug 12, 2026
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