Suraj Estate Developers Ltd

Realty

Offer Period :

18th to 12th Dec 2023

Founded in 1986, Suraj Estate Developers Limited specializes in residential and commercial real estate construction in South Central Mumbai. With 42 completed projects, Read more... 13 ongoing, and 16 upcoming, the company employs 126 permanent staff. Its portfolio ranges from "Value Luxury" to "Luxury" segments.Read less

Suraj Estate Developers Ltd IPO Details

IPO Date 18th to 12th Dec 2023 Minimum Investment ₹14760 / 1 Lots
Listing Date 2023-12-26 Maximum Investment ₹191880 / 13 Lots
Face Value ₹5 per share Total Issue Size ₹400 Crores
Price ₹360 to ₹360 per share Fresh Issue ₹400 Crores
Lot Size 1 Lots (41 Shares) Offer For Sale ₹ 0
Listing At BSE, NSE Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 18th to 12th Dec 2023
Listing Date 2023-12-26
Face Value ₹5 per share
Price ₹360 to ₹360 per share
Lot Size 1 Lots (41 Shares)
Listing At BSE, NSE
Employee Discount ₹0 Crores
Minimum Investment ₹14760 / 1 Lots
Maximum Investment ₹191880 / 13 Lots
Total Issue Size ₹400 Crores
Fresh Issue ₹400 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

18th Dec

IPO Starts

20th Dec

IPO Ends

21st Dec

Allotment Date

22nd Dec

Initiation of Refund

22nd Dec

Credit of Shares to Demat Account

26th Dec

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 82.05 61.5
Public Group 17.95 38.5

Suraj Estate Developers Ltd IPO Reservation

QIB Shares Offered 2222222(20%)
NII (HNI) Shares Offered 1666666(15%)
Retail Shares Offered 3888889(35%)
Anchor Investor Shares Offered 3333334(30%)
Total Shares Offered 11111111
Total Shares With Anchor Investor 11111111

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Suraj Estate Developers Ltd IPO Registrar

Link Intime India Pvt Ltd
Phone Number +91 22 49186200
Email Id surajestate.ipo@linkintime.co.in
Our Website www.linkintime.co.in

Suraj Estate Developers Ltd IPO Lead Manager

1. ITI Capital Ltd

2. Anand Rathi Advisors Ltd

Explore IPOs


Explore comprehensive IPO details for every IPO. Access essential information such as listing price, listing date, issue price, lot size, issue size, minimum investment, and IPO timeline. Gain insights into the company's background, strengths, and potential risks. Track the subscription status and delve into the financials of the company, empowering yourself with crucial data for informed investment decisions. Stay ahead in the dynamic IPO market by staying informed on upcoming, ongoing, and past IPOs. 
 

Stay ahead in the ever-evolving IPO landscape with our comprehensive platform. We offer a holistic resource, ensuring you not only access essential details but also gain valuable insights into market trends. Navigate confidently, armed with intricate analyses, expert opinions, and real-time updates. Whether you're a seasoned investor or a novice, our user-friendly interface and extensive information empower you to make well-informed decisions. Experience the convenience of having a dedicated space where you can delve into the intricacies of IPOs, enabling a strategic and calculated approach to the dynamic stock market. 

Suraj Estate Developers Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Suraj Estate Developers Ltd

1. The Company has established brand with a long standing presence in Value Luxury Segment and Luxury Segment in the residential real estate market of South Central Mumbai region;

2. The Company has diversified portfolio encompassing product offerings across various price points in value luxury and luxury segments;

3. The Company has expertise in tenant settlement in the redevelopment projects in residential sub-markets of Mahim, Matunga, Dadar, Prabhadevi, and Parel;

4. Its marketing and sales strategies

5. The Company has an experienced promoter and management team with its Chairperson and Managing Director who is also its Promoter, having over thirty six (36) years of experience in various aspects of real estate business.

Risks Involved

1. Its business is dependent on the performance of, and the conditions affecting, the real estate sub markets in the South-Central Mumbai region. As of October 31, 2023, the company did not have any ongoing projects in any other areas apart from South Central Mumbai. Consequently, the company is exposed to risks from economic, regulatory and other changes as well as natural disasters in the South Central Mumbai region, which in turn may have an adverse effect on its business, results of operations, cash flows and financial condition.

2. Any uncertainty in its title to the company real estate assets could have a material adverse impact on its current and future revenue.

3. Its redevelopment projects require compliance of the provisions of Regulation 33(7) of the Development Control and Promotion Regulation, 2034. The compliance inter alia involves tenant settlement, approvals from MHADA & MCGM, construction of the tenant and saleable portion units.

4. Its Inability to complete the company Ongoing Projects and Upcoming Projects by their respective expected completion dates or at all could have a material adverse effect on its business, results of operations and financial condition.

5. As of October 31, 2023, the company has total 216 unsold units in its Ongoing Projects. If its not able to sell the company project inventories in a timely manner, then it may adversely affect its business, results of operations and financial condition.

6. As of October 31, 2023, the company had 16 Upcoming Projects which are in the preliminary stages of planning and require approvals and renewals of certain approvals from Brihan mumbai Municipal Corporation for its projects that are typically valid for one year from the date of approval. Any difficulties in fulfilling certain conditions precedent in respect of those projects, and any delay or failure to obtain required approvals or renewal of approvals may require it to reschedule its Ongoing Projects and Upcoming Projects which may have adverse effect on its operations. Further, the Company has to stop the construction activity in the event of withdrawal of such licenses/approval.

7. Its business is subject to seasonality and its may experience difficulties in expanding the company's business into additional geographical markets including MMR region which may contribute to fluctuations in its results of operations and financial condition.

8. The industry in which its operate is competitive and highly fragmented resulting in increased competition that may adversely affect its results.

9. Any negative cash flows in the future would adversely affect its cash flow requirements, which may adversely affect the company's ability to operate its business and implement its growth plans, thereby affecting its financial condition.

10. Its Statutory Auditors have included certain matters of emphasis in the company's Financial Statements.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
  2023 2022 2021
Total Assets 942.58 864 792
Total Liabilities 942.58 864 792
Total Expenses 264.68 237.75 234.95
Total Revenue 
307.89 273.91 244
Profit After Tax 32.16 26.5 6.28
EBITDA 153.15 132.92 90.64
Adjusted EBITDA 0 0 0

Suraj Estate Developers Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2023-12-26 544054 SURAJEST
INE843S01025
₹360 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹360 ₹360
Open ₹343.8 ₹340
Low ₹323.95 ₹324.05
High ₹354.35 ₹354.45
Low ₹323.95 ₹324.05

Frequently Asked Questions

What is Suraj Estate Developers Ltd IPO?

Answer Field

Suraj Estate Developers Ltd IPO is a Mainboard IPO of 1,11,11,111 equity shares of a face value of ₹5 aggregating up to ₹400 Crores. The issue is priced at ₹360 to ₹360 per share. The minimum order quantity is 41 Shares. The IPO opens on December 18, 2023, and closes on December 20, 2023. Link Intime India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

When Suraj Estate Developers Ltd IPO will open?

Answer Field

The Suraj Estate Developers Ltd IPO opens on December 18, 2023 and closes on December 20, 2023.

What is the lot size of Suraj Estate Developers Ltd?

Answer Field

Suraj Estate Developers Ltd lot size is 41 shares, and the minimum amount required is ₹14,760.

How to apply for Suraj Estate Developers Ltd IPO?

Answer Field

You can apply in Suraj Estate Developers Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Suraj Estate Developers Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Suraj Estate Developers Ltd IPO will be done on December 21, 2023, and the allotted shares will be credited to your demat account by December 22, 2023.

When is Suraj Estate Developers Ltd IPO listing date?

Answer Field

The Suraj Estate Developers Ltd listing date is December 26, 2023.

Who is the registrar of Suraj Estate Developers Ltd IPO?

Answer Field

The registrar of Suraj Estate Developers Ltd IPO is Link Intime India Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

ITI Capital Ltd,Anand Rathi Advisors Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Suraj Estate Developers Ltd IPO?

Answer Field

The fresh issue size is ₹400 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Suraj Estate Developers Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 41 shares and ₹14,760 amount.

How can I approve the UPI mandate request for Suraj Estate Developers Ltd IPO?

Answer Field

To apply for Suraj Estate Developers Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Suraj Estate Developers Ltd?

Answer Field

The price of each Suraj Estate Developers Ltd share will be ranging in between ₹360 to ₹360 per share.

What is the cut-off time for the UPI mandate for Suraj Estate Developers Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, December 20, 2023.

No results found

Browse IPOs

upcoming-radio
  • IPO Name
  • Bidding Dates
  • Price range
  • IPO Size
  • Lorem Ipsum
current-radio
  • IPO Name
  • Bidding Dates
  • Price range
  • IPO Size
  • Lorem Ipsum
  • SANSTAR LIMITEDMainboard IPO

  • Bidding Dates

    19th Jul 2024 - 7th Jul 2024

  • Price Range

    ₹90 - 95

  • IPO Size

    ₹5,10,15,00,000

  • Apply Now
  • RNFI SERVICES LIMITEDSME IPO

  • Bidding Dates

    22nd Jul 2024 - 7th Jul 2024

  • Price Range

    ₹98 - 105

  • IPO Size

    ₹70,81,00,000

  • Apply Now
  • SAR TELEVENTURE LIMITEDSME IPO

  • Bidding Dates

    22nd Jul 2024 - 7th Jul 2024

  • Price Range

    ₹200 - 210

  • IPO Size

    ₹1,50,00,00,000

  • Apply Now
  • VLINFRAPROJECTS LIMITEDSME IPO Early Access

  • Bidding Dates

    23rd Jul 2024 - 7th Jul 2024

  • Price Range

    ₹39 - 42

  • IPO Size

    ₹18,52,00,000

  • Apply Now
closed-radio
  • IPO Name
  • Bidding Dates
  • Price range
  • IPO Size
  • Lorem Ipsum
performance-radio
  • IPO Name
  • ISSUE PRICE
  • LISTING DAY CLOSE
  • LISTING DAY(GAIN/LOSS)
  • Lorem Ipsum
  • SAHAJ SOLAR LIMITEDSME IPO

  • Issue Price

    180.00

  • Listing Day Close

    359.10

  • Listing Day (Gain/Loss)

    99.44

  • EFFWA INFRA AND RESEARCH LIMITEDSME IPO

  • Issue Price

    82.00

  • Listing Day Close

    163.55

  • Listing Day (Gain/Loss)

    100.00

  • GANESH GREEN BHARAT LIMITEDSME IPO

  • Issue Price

    190.00

  • Listing Day Close

    379.05

  • Listing Day (Gain/Loss)

    99.47

  • AMBEY LABORATORIES LIMITEDSME IPO

  • Issue Price

    68.00

  • Listing Day Close

    89.25

  • Listing Day (Gain/Loss)

    30.88

  • BANSAL WIRE INDUSTRIES LIMITEDMainboard IPO

  • Issue Price

    256.00

  • Listing Day Close

    350.30

  • Listing Day (Gain/Loss)

    36.72

  • EMCURE PHARMACEUTICALS LIMITEDMainboard IPO

  • Issue Price

    1008.00

  • Listing Day Close

    1358.85

  • Listing Day (Gain/Loss)

    34.82

  • NEPHRO CARE INDIA LIMITEDSME IPO

  • Issue Price

    90.00

  • Listing Day Close

    179.55

  • Listing Day (Gain/Loss)

    100.00

  • DIENSTEN TECH LIMITEDSME IPO

  • Issue Price

    100.00

  • Listing Day Close

    252.00

  • Listing Day (Gain/Loss)

    152.00

  • VRAJ IRON AND STEEL LIMITEDMainboard IPO

  • Issue Price

    207.00

  • Listing Day Close

    251.95

  • Listing Day (Gain/Loss)

    21.74

  • AKIKO GLOBAL SERVICES LIMITEDSME IPO

  • Issue Price

    77.00

  • Listing Day Close

    93.35

  • Listing Day (Gain/Loss)

    20.78

  • PETRO CARBON AND CHEMICALS LIMITEDSME IPO

  • Issue Price

    171.00

  • Listing Day Close

    315.00

  • Listing Day (Gain/Loss)

    84.21

  • DIVINE POWER ENERGY LIMITEDSME IPO

  • Issue Price

    40.00

  • Listing Day Close

    152.30

  • Listing Day (Gain/Loss)

    280.00

  • VISAMAN GLOBAL SALES LIMITEDSME IPO

  • Issue Price

    43.00

  • Listing Day Close

    47.35

  • Listing Day (Gain/Loss)

    9.30

  • SHIVALIC POWER CONTROL LIMITEDSME IPO

  • Issue Price

    100.00

  • Listing Day Close

    326.55

  • Listing Day (Gain/Loss)

    227.00

  • MASON INFRATECH LIMITEDSME IPO

  • Issue Price

    64.00

  • Listing Day Close

    92.40

  • Listing Day (Gain/Loss)

    43.75

  • SYLVAN PLYBOARD INDIA LIMITEDSME IPO

  • Issue Price

    55.00

  • Listing Day Close

    69.30

  • Listing Day (Gain/Loss)

    25.45

  • MEDICAMEN ORGANICS LIMITEDSME IPO

  • Issue Price

    34.00

  • Listing Day Close

    144.70

  • Listing Day (Gain/Loss)

    326.47

  • STANLEY LIFESTYLES LIMITEDMainboard IPO

  • Issue Price

    369.00

  • Listing Day Close

    474.00

  • Listing Day (Gain/Loss)

    28.46

  • WINNY IMMIGRATION AND EDUCATION SERVICES LIMITEDSME IPO

  • Issue Price

    140.00

  • Listing Day Close

    252.00

  • Listing Day (Gain/Loss)

    80.00

  • AKME FINTRADE INDIA LIMITEDMainboard IPO

  • Issue Price

    120.00

  • Listing Day Close

    131.95

  • Listing Day (Gain/Loss)

    10.00

We have something for everyone

Explore more Investment options

Stocks

Secure and enhance your financial future today

investment-card-icon

IPOs

Your gateway to future financial opportunities

investment-card-icon

MTF

Explore Buy Now Pay Later and boost your capital by up to 5x  

investment-card-icon

US Stocks

Discover opportunities to invest in elite FAANG stocks

investment-card-icon

Related Articles

Our Secure Trading Platforms

Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading

Bajaj Broking App Download

7.5 Lacs+ Users

icon-with-text

4.3+ App Rating

icon-with-text

4 Languages

icon-with-text

₹4300 Cr MTF Book

icon-with-text