Hello my fellow finance enthusiasts, there is a huge investment opportunity opening up in the near future. Yes, you heard absolutely right. The Suraj Estate Developers IPO is going to open soon. So I will give you complete information about Suraj Estate Developers IPO here on IPO India.
On this article I will inform you about Suraj Estate Developers IPO Date, Price, GMP, Review and Best 3 IPOs to Invest. So without wasting any more time let’s start.
About Suraj Estate Developers
Established in 1986, Suraj Estate Developers Limited stands as a leading player in the real estate construction sector. Specializing in the South Central Mumbai region, the company is dedicated to the development of both residential and commercial projects.
Unlike directly engaging in construction services, Suraj Estate Developers Limited relies entirely on third-party contractors for the execution of its projects. With a track record of successful completion of forty-two projects, the company has contributed to a developed area of over 1,046,543.20 sq. ft. in south-central Mumbai.
The company’s portfolio extends beyond completed projects with thirteen ongoing endeavors covering a developable area of 20,34,434.40 sq.ft. These projects also offer salable carpet area of 6,09,928 sq.ft. Looking ahead, Suraj Estate Developers Limited has outlined sixteen upcoming projects, with an estimated carpet area of 7,44,149 square feet.
Notable projects in his portfolio include Suraj Eleganza-II, ICICI Apartments, CCIL Bhawan (Phase-1 up to 6th floor), Tranquil Bay-1, Elizabeth Apartments, Mon Désir, St. Anthony Apartments and Lumiere. This demonstrates the company’s commitment to deliver diversified and innovative real estate solutions.
Suraj Estate Developers IPO GMP
| Exp. Premium (GMP) | ₹70 per Share |
About Suraj Estate Developers IPO
Here is some information about Suraj Estate Developers IPO which will help you in making a decision to invest in Suraj Estate Developers IPO. It appears to be a book-built offer with a total value of Rs ₹400 crore, including [_] share offer for sale in full.
Summary of the key details
- Issue Size: Approx Rs 400 crores
- Offer for Sale: 11,111,111 shares
- Subscription Period: December 18, 2023
- Allotment Date: December 20, 2023
- Listing Date: December 26, 2023
Price Range of Suraj Estate Developers IPO
- ₹340 to ₹360 per share
Lot Size of Suraj Estate Developers IPO
- Minimum Lot: 41 Shares.
- Minimum Investment for Retail Investors: ₹14,760
Minimum Lot Size Investments for Suraj Estate Developers IPO
- S-HNI (Min): 14 lots (574 shares), amounting to ₹206,640.
- S-HNI (Max): 67 lots (2,747 shares), amounting to ₹988,920.
- B-HNI (Min): 68 lots (2,788 shares), amounting to ₹1,003,680.
This information provides potential investors with the details they need to participate in the [Company Name] IPO. It is important to note that investing in IPOs carries risks, and individuals should do their own research or consult financial professionals before making investment decisions.
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Suraj Estate Developers IPO
| Open Date | December 18, 2023 |
| Close Date | December 20, 2023 |
| Allotment Date | December 21, 2023 |
| Listing Date | December 26, 2023 |
| Face Value | ₹5 Per Equity Share |
| Issue Price | ₹340-360 Per Equity Share |
| Issue Size | 1,111,111 shares (Aggregating approx ₹400 Cr) |
| Market Lot (Min. Amount) | 41 Shares |
| Listing at Group(s) | BSE SME |
| Lead Manager | Iti Capital Ltd Anand Rathi Securities Limited |
| Register | Link Intime India Private Ltd |
| Retail Portion | 35% |
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Valuations of Suraj Estate Developers IPO
| Earnings Per Share (EPS) | ₹10.1/- |
| P/E Ratio | 35.64 |
| RoNW | 58.18% |
| Net Asset Value (NAV) -as on 31.03.23 | ₹942.58 Cr. |
Suraj Estate Developers Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 30 Jun 2023 | 994.73 | 102.81 | 14.53 | 86.11 | 70.29 | 598.50 |
| 31 Mar 2023 | 942.58 | 307.89 | 32.06 | 71.39 | 55.48 | 593.09 |
| 31 Mar 2022 | 864.00 | 273.91 | 26.50 | 39.16 | 23.32 | 638.16 |
| 31 Mar 2021 | 792.00 | 244.00 | 6.28 | 29.15 | 22.94 | 600.48 |
Promoter(s)
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 74.95% |
Company Promotor(s):-
- Mr. Rajan Meenathakonil Thomas
If you are new to the investment section and want to know how to invest in IPOs, you can read our article “How to Invest in IPOs?“.
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 58.18% |
| ROCE | 21.93% |
| Debt/ Equity | 8.31 |
| EPS (Rs) | 10.1 |
| RoNW | 58.18% |
Issue Objective(s)
- Repayment/ Prepayment of the aggregate outstanding borrowings of the company and its subsidiaries, Accord Estates Private Limited and Iconic Property Developers Private Limited.
- Acquisition of land or land development rights.
- General corporate purposes.
Suraj Estate Developers IPO Registrar
| Name | Link Intime India Private Ltd |
| Phone | +91-22-4918 6270 |
| surajestate.ipo@linkintime.co.in | |
| Website | https://linkintime.co.in/mipo/ipoallotment.html |
Suraj Estate Developers IPO Review
Suraj Estate Developers IPO offers an attractive investment opportunity in the real estate sector. With a strong track record of successfully completing forty-two projects in South Central Mumbai, the company has demonstrated its commitment to delivering innovative real estate solutions. The financial snapshot indicates positive growth trends, highlighted by a significant return on equity (ROE) of 58.18% and earnings per share (EPS) of ₹10.1. The details of the IPO are approximately Rs. 400 crore with an issue size showing a book-built offer, which includes both new shares and offers for sale.
Investors should note that the subscription period is from December 18 to December 20, 2023, with an allotment date of December 21, 2023, and a listing date set for December 26, 2023. While the purposes for using IPO proceeds include debt repayment, land acquisition, and general corporate purposes, one key missing detail is the price range per share. Prospective investors are advised to closely monitor the forthcoming information.
Conclusion
In conclusion, Suraj Estate Developers IPO offers an exciting prospect to be part of a seasoned player in the dynamic real estate sector. The company’s impressive track record and commitment to innovation in its projects provide a positive backdrop. As investors, it is essential to be vigilant, wait for crucial details like the IPO price range, and do thorough research. The investment landscape always carries risks and informed decision making is paramount. For those considering participation, consult with financial experts, assess market trends, and make well-informed choices. Happy investing!
Suraj Estate Developers IPO FAQs
When Suraj Estate Developers IPO is coming?
The Suraj Estate Developers IPO opens on December 18, 2023, and closes on December 20, 2023.
What is the lot size of Suraj Estate Developers IPO?
Suraj Estate Developers IPO lot size and the minimum order quantity are not available at this time. Please check again later.
When Suraj Estate Developers IPO Allotment?
Finalization of the allotment basis for Suraj Estate Developers IPO will be done on Thursday, December 21, 2023, and the allotted shares will be credited to your Demat account by Friday, December 22, 2023.