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Suraj Estate Developers Ltd.

Suraj Estate Developers Ltd.

NSE & BSE · Mainboard IPO
Listed NSE & BSE Mainboard Live Chart
Issue Price
₹360
₹360
GMP (Grey Market)
NIL
Unofficial data only
Est. Listing Price
₹360
Based on GMP
Min. Investment
₹14,760
1 lot × 41 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
18 Dec 2023
Close Date
20 Dec 2023
Allotment
21 Dec 2023
Listing Date
26 Dec 2023
Exchange
NSE & BSE
Price Band
₹360
Listing Price
See chart
Allotment Status
Price Band
₹360
Per share
Face Value
₹5 per share
 
Lot Size
41 Shares
per lot
Issue Size
1,11,11,111 shares (aggregating up to ₹400.00 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹14,760
1 lot
Post-IPO Holding
4,43,61,111 shares
Promoters
P/E (Pre)
35.64x
 
P/E (Post)
49.81x
 
EPS (Pre)
₹10.10
 
UPI Deadline
2023-12-20
Mandate
Anchor AllotmentFri, 15 Dec 2023
Basis of AllotmentThu, 21 Dec 2023
Refund InitiationFri, 22 Dec 2023
Demat CreditFri, 22 Dec 2023
Listing DayTue, 26 Dec 2023
UPI Mandate Deadline2023-12-20
Sale TypeFresh Capital
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Suraj Estate Developers Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 20 Dec 2023.
QIB
1.00x
Over
NII/HNI
1.00x
Over
Retail
1.00x
Over
Total
1.00x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
QIB
Over 1.00x
NII / HNI
Over 1.00x
Retail
Over 1.00x
Total 1.00x
11,111,111
100% ₹400.00
IPO Shares Offered
Suraj Estate Developers Ltd. IPO total issue size: ₹400.00 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
Total 11,111,111 ₹400.00
100.00%
* Based on upper price band ₹360 per share
Lot Size & Investment
Lot Size
41
Shares per Lot
Issue Price
₹360.00
Upper Band
Min Investment
₹14,760
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)282₹29,520
Retail (Max — 13 Lots)13533₹191,880
S-HNI (Min — 14 Lots)14574₹206,640
B-HNI (Min — 68 Lots)682,788₹1,003,680
* Issue Price ₹360 × Lot Size 41 shares
IPO Schedule
Anchor
15 Dec 2023
✓ Done
IPO Open
18 Dec 2023
✓ Done
IPO Close
20 Dec 2023
✓ Done
Allotment
21 Dec 2023
✓ Done
Refunds
22 Dec 2023
✓ Done
Demat Credit
22 Dec 2023
✓ Done
Listing Day
26 Dec 2023
✓ Done
Suraj Estate Developers Ltd. — Live Price LIVE
₹360.00
INR · BSE
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Issue ₹360.00 Live Price
About Suraj Estate Developers Ltd.
Incorporated in 1986, Suraj Estate Developers Limited is a real estate construction company. The company develops residential and commercial real estate in the South Central Mumbai region.The company does not provide any in-house construction services and is 100% dependent on third-party contractors for the construction services of its Projects.Suraj Estate Developers Limited has completed forty-two (42) projects in the South-Central Mumbai region.In addition to the completed projects, the company has thirteen (13) ongoing projects and sixteen (16) upcoming projects.The company's projects include Suraj Eleganza-II and ICICI Apartments, CCIL Bhavan (Phase-I up to 6th floor) and Tranquil Bay-I, Elizabeth Apartment and Mon Desir, St. Anthony Apartments, Lumiere and Tranquil Bay-II, Brahmsidhhi CHS, Jacob Apartments, Suraj Eleganza-I and Gloriosa Apartments and others.As of September 30, 2023, the company, together with its subsidiaries, employed 126 permanent employees.Suraj Estate has developed more than 10 lakh square feet of land in Mumbai. In the residential portfolio, Suraj Estate is present in the "Value Luxury' and "Luxury' segments in various price categories with unit values ranging from Rs. 10.00 million to Rs. 130.00 million.In the commercial segment, Suraj Estate has built and sold corporate headquarters for institutional clients, namely Saraswat Cooperative Bank Limited (Prabhadevi), National Stock Exchange of India, Union Bank of India and Clearing Corporation of India Limited (Dadar).
Objects of the Issue
1
Repayment/Prepayment of the aggregate outstanding borrowings of the company and its subsidiaries, Accord Estates Private Limited and Iconic Property Developers Private Limited.
2
Acquisition of land or land development rights.
3
General corporate purposes.
Suraj Estate Developers Ltd. Financials (Amount in Crore)
Revenue from Operations
₹273.9
31 Mar 2022
₹307.9
31 Mar 2023
₹102.8
30 Jun 2023
Profit After Tax (PAT)
₹26.5
31 Mar 2022
₹32.1
31 Mar 2023
₹14.5
30 Jun 2023
Particulars30 Jun 202331 Mar 202331 Mar 2022
Revenue from Operations 102.81 307.89 273.91
EBITDA N/A N/A N/A
Profit After Tax (PAT) 14.53 32.06 26.50
Net Worth 86.11 71.39 39.16
Total Assets 994.73 942.58 864.00
Reserves & Surplus 70.29 55.48 23.32
Borrowings 598.50 593.09 638.16
EBITDA Margin (%) N/A
PAT Margin (%) N/A
RoE
58.18%
RoCE
21.93%
RoNW
58.18%
Debt/Equity
8.31
Issue Structure & Shareholding
Total Shares Offered1,11,11,111 (100.00%)
Net Offer to PublicN/A
Reserved for Market MakerN/A
Pre-Issue Promoter HoldingN/A
Post-Issue Promoter Holding4,43,61,111 shares
P/BV RatioN/A
RoE58.18%
RoCE21.93%
Debt / Equity8.31
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
ITI Capital Ltd.
Anand Rathi Advisors Ltd.
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Suraj Estate Developers Ltd. IPO subscribed?

Suraj Estate Developers Ltd. IPO is subscribed 1.00 times by Dec 20, 2023. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is Suraj Estate Developers Ltd. IPO retail subscription status?

The Suraj Estate Developers Ltd. IPO retail category is subscribed 1.00 times as of 20 Dec 2023. The retail portion is oversubscribed.

How to subscribe Suraj Estate Developers Ltd. IPO?

Subscribe via your broker app using ASBA or UPI. Opens 18 Dec 2023 and closes 20 Dec 2023. Min investment: ₹14,760 (1 lot = 41 shares). UPI mandate: 2023-12-20.

How many times Suraj Estate Developers Ltd. IPO subscribed?

The Suraj Estate Developers Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Suraj Estate Developers Ltd. IPO allotment?

Check allotment on the registrar website (MUFG Intime India Pvt.Ltd.) at https://linkintime.co.in/Initial_Offer/public-issues.html. Enter your PAN, application number or DP/Client ID. Allotment date: 21 Dec 2023. Refunds: on 22 Dec 2023.

When Suraj Estate Developers Ltd. IPO will be listed?

The Suraj Estate Developers Ltd. IPO listing date is 26 Dec 2023, Tuesday. Listed on: NSE & BSE. Issue price: ₹360. Estimated listing: ₹360. GMP: NIL.

When Suraj Estate Developers Ltd. IPO close?

The Suraj Estate Developers Ltd. IPO closes on 20 Dec 2023, Wednesday. UPI mandate: 2023-12-20. Allotment: 21 Dec 2023. Listing: 26 Dec 2023.