Explore the Suraj Estate Developers IPO, a promising book-built issue worth Rs 400.00 crores. Discover key details, subscription dates, and insights for potential investors. Dive into the world of real estate investment with this IPO.
Suraj Estate Developers IPO
The Suraj Estate Developers IPO, a game-changer in real estate investment, has captivated the market with its fresh issue of 1.11 crore shares, amounting to Rs 400.00 crores. As an investor, understanding the intricacies is key to making informed decisions.
Subscription Details
The IPO subscription window opens on December 18, 2023, and closes on December 20, 2023. The allotment results are anticipated on December 21, 2023. Trading on BSE and NSE is expected to commence on December 26, 2023.
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Pricing Insights
Suraj Estate Developers IPO presents an attractive price band of ₹340 to ₹360 per share. The minimum lot size is 41 shares, requiring a retail investment of ₹14,760. Special categories like sNII and bNII have unique lot size structures, offering diverse investment opportunities.
Leading Managers
Iti Capital Ltd and Anand Rathi Securities Limited lead the Suraj Estate Developers IPO, ensuring a robust and well-managed entry into the market. The issue’s registrar is Link Intime India Private Ltd.
IPO Timeline
Mark your calendars for the IPO journey:
- IPO opens: December 18, 2023
- IPO closes: December 20, 2023
- Allotment: December 21, 2023
- Refunds: December 22, 2023
- Listing Date: December 26, 2023
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Lot Size Dynamics
Investors can bid for a minimum of 41 shares, with flexibility in multiples. The table below illustrates the investment range for retail, S-HNI, and B-HNI categories.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 41 | ₹14,760 |
| Retail (Max) | 13 | 533 | ₹191,880 |
| S-HNI (Min) | 14 | 574 | ₹206,640 |
| S-HNI (Max) | 67 | 2,747 | ₹988,920 |
| B-HNI (Min) | 68 | 2,788 | ₹1,003,680 |
Promoter Holding
Meet the driving force behind Suraj Estate Developers – Mr. Rajan Meenathakonil Thomas, holding a significant pre-issue share of 100%.
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About Suraj Estate Developers Limited
Established in 1986, Suraj Estate Developers Limited stands tall as a real estate construction company, specializing in residential and commercial projects in South Central Mumbai. With 42 completed projects and more on the horizon, Suraj Estate is a beacon of innovation and quality.
Financial Performance
Delve into Suraj Estate Developers Limited’s financial journey, marked by a 12.41% revenue increase and a 20.98% rise in profit after tax between March 31, 2022, and March 31, 2023.
| Key Metrics | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Revenue (₹ Crore) | 102.81 | 307.89 | 273.91 | 244.00 |
| Profit After Tax | 14.53 | 32.06 | 26.50 | 6.28 |
| Net Worth (₹ Crore) | 86.11 | 71.39 | 39.16 | 29.15 |
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Key Performance Indicators
Get a snapshot of Suraj Estate Developers IPO’s market cap, P/E, ROE, and other essential metrics.
| KPI | Values |
|---|---|
| P/E (x) | 35.64 |
| Market Cap (₹ Cr) | 1597 |
| ROE | 58.18% |
| Debt/Equity | 8.31 |
Objectives of the Issue
Discover how Suraj Estate Developers plans to utilize the IPO proceeds – from loan repayments to land acquisitions and general corporate purposes.
IPO Rating
Explore the market sentiment with a rating of 3.9 stars, reflecting the positive buzz around Suraj Estate Developers IPO.
GMP and Listing Predictions
Unlock insights into the Grey Market Premium (GMP) trends and listing predictions. As of December 15, 2023, GMP stands at ₹65, indicating strong investor interest.
How to Apply
Understand the lot sizes and application process, ensuring a seamless entry into the Suraj Estate Developers IPO.
Conclusion
As Suraj Estate Developers Limited steps into the IPO arena, investors are presented with a golden opportunity to be part of the next real estate success story. Stay tuned for updates and immerse yourself in the potential of Suraj Estate Developers IPO.
(Note: All information is as of the latest available data and is subject to change.)
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