{"id":5419,"date":"2023-12-13T11:12:25","date_gmt":"2023-12-13T05:42:25","guid":{"rendered":"https:\/\/lakshmishree.com\/blog\/?p=5419"},"modified":"2023-12-13T11:12:31","modified_gmt":"2023-12-13T05:42:31","slug":"suraj-estate-developers-ipo-details","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/blog\/suraj-estate-developers-ipo-details\/","title":{"rendered":"Suraj Estate Developers IPO Details - Complete Overview of Suraj Estate Developers Limited IPO"},"content":{"rendered":"\n

Suraj Estate Developers IPO Price: <\/strong>\u20b9340 - \u20b9360
IPO Date Range:<\/strong> Dec 18, 2023 - Dec 20, 2023<\/p>\n\n\n\n

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Foundation & Business Essence:<\/h2>\n\n\n\n

Established in 1986, Suraj Estate Developers Limited stands as a stalwart in the realm of real estate construction. Specializing in crafting both residential and commercial properties, the company focuses its expertise on the vibrant landscape of South Central Mumbai.<\/p>\n<\/div>\n<\/div>\n\n\n\n

Project Portfolio:<\/h2>\n\n\n\n

The company doesn't handle construction in-house; they rely entirely on third-party contractors for their projects. Suraj Estate Developers Limited has successfully finished forty-two (42) projects in South-Central Mumbai. Currently, they're juggling thirteen (13) ongoing projects while gearing up for sixteen (16) upcoming ones. <\/p>\n\n\n\n

Their portfolio includes a range of projects like Suraj Eleganza-II, ICICI Apartments, CCIL Bhavan, Tranquil Bay-I, Elizabeth Apartment, St. Anthony Apartments, Lumiere, Tranquil Bay-II, Suraj Eleganza-I, Gloriosa Apartments, and more.<\/p>\n\n\n\n

Network and Presence<\/h2>\n\n\n\n

By September 30, 2023, the company and its subsidiaries had a total of 126 permanent employees. Suraj Estate has developed over 10 lakh square feet of land in Mumbai. Their residential projects span the \"Value Luxury\" and \"Luxury\" categories, featuring units valued between Rs. 10.00 million and Rs. 130.00 million.<\/p>\n\n\n\n

In the commercial sector, Suraj Estate has constructed and sold corporate headquarters to institutional clients like Saraswat Cooperative Bank Limited (Prabhadevi), National Stock Exchange of India, Union Bank of India, and Clearing Corporation of India Limited (Dadar).<\/p>\n\n\n\n

Bidding Starts In<\/h2>\n\n\n\n
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DAYS<\/div><\/div>
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HOURS<\/div><\/div>
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MINUTES<\/div><\/div>
-<\/div>
SECONDS<\/div><\/div><\/div>\n\n\n\n
APPLY NOW<\/span><\/path><\/svg>

Dream Big, Start with an IPO. Choose Lakshmishree.<\/p><\/a><\/div>\n\n\n\n

Suraj Estate Developers IPO Specifics:<\/h2>\n\n\n\n
IPO Date<\/td>December 18, 2023 to December 20, 2023<\/td><\/tr>
Listing Date<\/td>Tuesday, December 26, 2023<\/td><\/tr>
Face Value<\/td>\u20b95 per share<\/td><\/tr>
Price Band<\/td>\u20b9340 to \u20b9360 per share<\/td><\/tr>
Lot Size<\/td>41 shares<\/td><\/tr>
Total Issue Size<\/td>11,111,111 shares
(aggregating up to \u20b9400.00 Cr)<\/td><\/tr>
Fresh Issue<\/td>11,111,111 shares
(aggregating up to \u20b9400.00 Cr)<\/td><\/tr>
Issue Type<\/td>Book Built Issue IPO<\/td><\/tr>
Listing At<\/td>BSE, NSE<\/td><\/tr>
Share holding pre issue<\/td>33,250,000<\/td><\/tr>
Share holding post issue<\/td>44,361,111<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Suraj Estate Developers IPO Lot Size<\/h2>\n\n\n\n

Investors have the option to bid for a minimum of 41 shares, and they can bid in multiples of that number. The table below illustrates the minimum and maximum investments allowed for retail investors and HNIs in both shares and amounts.<\/p>\n\n\n\n

Application<\/th>Lots<\/th>Shares<\/th>Amount<\/th><\/tr><\/thead>
Retail (Min)<\/td>1<\/td>41<\/td>\u20b914,760<\/td><\/tr>
Retail (Max)<\/td>13<\/td>533<\/td>\u20b9191,880<\/td><\/tr>
S-HNI (Min)<\/td>14<\/td>574<\/td>\u20b9206,640<\/td><\/tr>
S-HNI (Max)<\/td>67<\/td>2,747<\/td>\u20b9988,920<\/td><\/tr>
B-HNI (Min)<\/td>68<\/td>2,788<\/td>\u20b91,003,680<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Suraj Estate Developers IPO Reservation<\/h2>\n\n\n\n
QIB Shares Offered<\/td>Not more than 50% of the Net Issue<\/td><\/tr>
Retail Shares Offered<\/td>Not less than 35% of the Net Issue<\/td><\/tr>
NII (HNI) Shares Offered<\/td>Not less than 15% of the Net Issue<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Suraj Estate Developers IPO Timetable (Important Dates)<\/h2>\n\n\n\n
IPO Open Date<\/td>Monday, December 18, 2023<\/td><\/tr>
IPO Close Date<\/td>Wednesday, December 20, 2023<\/td><\/tr>
Basis of Allotment<\/td>Thursday, December 21, 2023<\/td><\/tr>
Initiation of Refunds<\/td>Friday, December 22, 2023<\/td><\/tr>
Credit of Shares to Demat<\/td>Friday, December 22, 2023<\/td><\/tr>
Listing Date<\/td>Tuesday, December 26, 2023<\/td><\/tr>
Cut-off time for UPI mandate confirmation<\/td>5 PM on December 20, 2023<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Don't Miss Out!<\/h2>
<\/div>

Whether you're a seasoned investor or just starting out, Lakshmishree ensures you don't miss out on premier IPO opportunities. Dive into the future of investing with Lakshmishree.<\/p><\/div>\n\n\n\n

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APPLY NOW<\/a><\/div>\n<\/div>\n\n\n\n

Suraj Estate Developers Limited IPO Financial Information<\/h2>\n\n\n\n

Suraj Estate Developers Limited experienced a 12.41% rise in revenue and a 20.98% increase in profit after tax (PAT) from the financial year ending March 31, 2022, to March 31, 2023.<\/p>\n\n\n\n

Period Ended<\/th>31 Mar 2021<\/th>31 Mar 2022<\/th>31 Mar 2023<\/th>30 June 2023<\/th><\/tr><\/thead>
Assets<\/td>792<\/td>864<\/td>942.58<\/td>994.73<\/td><\/tr>
Revenue<\/td>244<\/td>273.91<\/td>307.89<\/td>102.81<\/td><\/tr>
Profit After Tax<\/td>6.28<\/td>26.50<\/td>32.06<\/td>14.53<\/td><\/tr>
Net Worth<\/td>29.15<\/td>39.16<\/td>71.39<\/td>86.11<\/td><\/tr>
Reserves & Surplus<\/td>22.94<\/td>23.32<\/td>55.48<\/td>70.29<\/td><\/tr>
Total Borrowings<\/td>600.48<\/td>638.16<\/td>593.09<\/td>598.50<\/td><\/tr><\/tbody><\/table>
Amount in \u20b9 Crore<\/small><\/figcaption><\/figure>\n\n\n\n

Key Performance Indicator - Suraj Estate Developers IPO<\/h2>\n\n\n\n
KPI<\/th>Values<\/th><\/tr><\/thead>
P\/E (x)<\/td>37.33<\/td><\/tr>
Post P\/E (x)<\/td>49.91<\/td><\/tr>
Market Cap (\u20b9 Cr.)<\/td>1597<\/td><\/tr>
ROE<\/td>58.18%<\/td><\/tr>
ROCE<\/td>21.93%<\/td><\/tr>
Debt\/ Equity<\/td>8.31<\/td><\/tr>
EPS (Rs)<\/td>10.1<\/td><\/tr>
RoNW<\/td>58.18%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Objects of the Issue:<\/strong><\/h2>\n\n\n\n

The company plans to use the funds raised from the issue for the following purposes:<\/p>\n\n\n\n