Suraj Estate Developers IPO Details: Suraj Estate Developers IPO date is not fixed, the IPO may hit the market on December 2023 or early 2024. Suraj Estate Developers is going to raise around ₹ ₹400 crores via IPO that is only fresh issue of up to 11,111,111 shares with face value of 5 each. The retail quota for this IPO is 35%, QIB is 50%, and HNI is 15%.
Table of Contents
Suraj Estate Developers is a real estate construction company that has been in business for over 35 years. They have developed more than 8 lac sq. ft of construction spanning residential and commercial in the prime locales of Mahim, Dadar, and Prabhadevi – all in the heart of Mumbai. Their ongoing projects include The Palette, Ocean Star, Suraj Emmanuel, Louisandra, and Ave Maria.
Objects of the Issue:
- 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.
- To Meet general corporate purposes.
Suraj Estate Developers IPO Date & Price Band Details
| IPO Open: | December 18, 2023 |
| IPO Close: | December 20, 2023 |
| IPO Size: | Aprox ₹ 400 Carores |
| Fresh Issue: | Aprox ₹ 400 Carores |
| Offer for Sale: | Aprox ₹ 00 |
| Face Value: | ₹ 5 Per Equity Share |
| IPO Price Band: | ₹ [.] to [.] Per Share |
| IPO Listing Date: | December 26, 2023 |
| IPO Listing On: | BSE & NSE |
| IPO Retail Quota: | 35% |
| IPO NII (NHI) Quota: | 15% |
| IPO QIB Quota: | 50% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Suraj Estate Developers IPO Allotment & Listing Dates
The Suraj Estate Developers IPO date is December 18, 2023 and the close date is December 20, 2023. The Suraj Estate Developers IPO allotment will be finalized on December 21, 2023 and the IPO listing date is December 26, 2023. (Tentative Dates)
Suraj Estate Developers IPO Allotment & Listing Dates
| Anchor Investors Allotment: | December 15, 2023 |
| IPO Open Date: | December 18, 2023 |
| IPO Close Date: | December 20, 2023 |
| IPO Allotment Date: | December 21, 2023 |
| Refunds Date: | December 22, 2023 |
| Credit to Demat Account: | December 22, 2023 |
| IPO Listing Date: | December 26, 2023 |
Suraj Estate Developers IPO Market Lot
The Suraj Estate Developers IPO minimum market lot is [.] shares with ₹[.] application amount. The retail investors can apply up-to 13 lots with [.] shares or ₹[.] amount.
| Application | Lot Size | Share | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 41 | ₹ 14,760 |
| Retail Maximum | 13 | 533 | ₹191,880 |
| S-HNI Mimimum | 14 | 574 | ₹ 206,640 |
| S-HNI Maximum | 68 | 2788 | ₹ 988,920 |
Brokerage Firm Reviews on Suraj Estate Developers IPO:
- Arihant Capital: To be updated Soon
- Capital Market: To be updated Soon
- Hem Security: To be updated Soon
- IDBI Capital: To be updated Soon
- Religare Broking: To be updated Soon
You can check IPO subscription status and IPO allotment status on their respective pages.
Suraj Estate Developers Company Financial Report
| ₹ in Crores | ||||
| Year | Assets | Revenue | PAT | Borrowing |
| 2021 | ₹ 792 | ₹ 244 | ₹ 6.2 | ₹ 600.48 |
| 2022 | ₹ 864 | ₹ 273.91 | ₹ 26.50 | ₹ 638.16 |
| 2023 | ₹ 942.58 | ₹ 307.89 | ₹ 32.06 | ₹ 593.09 |
Suraj Estate Developers IPO Valuation – FY2023
Check Suraj Estate Developers IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹ 10.10 per Equity Share |
| Price to Earning (P/E) Ratio: | N/A |
| Return on Net Worth (RoNW): | 58.18 % |
| Net Asset Value (NAV): | ₹ 22.49 per Equity Share |
Suraj Estate Developers Company Promoters
- Mr. Rajan Meenathakonil Thomas
Suraj Estate Developers Peer Group Companies
Suraj Estate Developers IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: surajestate.ipo@linkintime.co.in
Website: https://www.linkintime.co.in/
Suraj Estate Developers IPO Allotment Status Check
Check Suraj Estate Developers IPO allotment status on Linkintime website allotment URL. Click Here
Suraj Estate Developers Company Address
Registered & Corporate Office:
301, 3rd Floor, Aman Chambers,
Veer Savarkar Marg, Opp. Bengal
Chemicals, Prabhadevi Mumbai
Maharashtra – 400025
Phone: +91 22 2437 7877
Email: suraj@surajestate.com
Website: https://surajestate.com/
Suraj Estate Developers IPO Form
How to apply for the Suraj Estate Developers IPO? You can apply for Suraj Estate Developers IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Suraj Estate Developers IPO in the Invest section. The other option is you can apply for Suraj Estate Developers IPO via IPO forms downloaded via NSE and BSE. Check out the Allied Blenders forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.
Suraj Estate Developers IPO FAQs
Suraj Estate Developers IPO is a main-board IPO. They are going to raise ₹ 400 Crores via IPO that will be completely a fresh issue of ₹5 each share. The issue is priced at ₹[.] to ₹[.] pr equity share.
The Suraj Estate Developers IPO is going to open on December 18, 2023 for QIB, NII, and Retail Investors.
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
You can apply for Suraj Estate Developers IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
Suraj Estate Developers IPO size is ₹400 crores.
The Price Band for Suraj Estate Developers IPO is ₹[.] to ₹[.].
The minimum bid is [.] Shares with ₹[.] amount while the maximum bid is [.] shares with ₹[.] for retail investors.
Suraj Estate Developers IPO allotment date is December 21, 2023.
Suraj Estate Developers IPO listing date is December 26, 2023. The IPO is going to list on BSE and NSE both.