Suraj Estate Developers Limited
₹340 - ₹360
41
16.57
| Open Date: | 18-Dec-2023 |
| Close Date: | 20-Dec-2023 |
| Allotment Date: | 21-Dec-2023 |
| Listing Date: | 26-Dec-2023 |
| Listing Price: | ₹344.2/- |
| Face Value: | ₹5 Per Equity Share |
| Issue Price: | ₹340-360 Per Equity Share |
| Issue Size: | Total Issue Size 11,111,111 shares (aggregating up to ₹400.00 Cr) : Fresh Issue 11,111,111 shares (aggregating up to ₹400.00 Cr) |
| Market Lot (Min Amount): | Retail - ₹191,880 : S-HNI - ₹206,640 : B-HNI - ₹1,003,680 |
As on | QIB | Nll | Rll | Total |
|---|---|---|---|---|
| Shares Offered/Reserved | 2,222,222 | 1,666,666 | 3,888,889 | 7,777,777 |
| Day 1 - 18-12-23 05:00 PM | 0.13x | 0.30x | 1.37x | 0.78x |
| Day 2 - 19-12-23 05:00 PM | 0.13x | 2.18x | 4.18x | 2.60x |
| Day 3 - 20-12-23 05:00 PM | 25.74x | 20.02x | 9.85x | 16.57x |
| Total No. of Application: | 922,986 (Approx.) | |||
| Retail Subscription on the basis of Apps: | 9.73x | |||
| Earning Per Share(EPS) | ₹10.1/- |
| P/E Ratio | 35.64 |
| RoNW | 58.18% |
| Net Asset Value (NAV) - Post Issue: | ₹22.49/- |
| Total Assets | Total Revenue | Profit After Tax | |
|---|---|---|---|
| 31 Mar,2023 | 942.58 | 307.89 | 32.06 |
| 31 Mar,2022 | 864.00 | 273.91 | 26.50 |
| 31 Mar,2021 | 792.00 | 244.00 | 6.28 |
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 74.95% |
| 1. Mr. Rajan Meenathakonil Thomas |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- 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.
- General corporate purposes.
Incorporated in 1986, Suraj Estate Developers Limited is a real estate construction company with a focus on best-in-class collaborations and client assurance.
The company has over 35 years of experience in developing real estate across the residential and commercial sectors in the South Central Mumbai region. Suraj has developed over 10 lakh square feet of land in Mumbai. In the residential portfolio, Suraj is present across the "value luxury" and "luxury" segments across multiple price points with unit values ranging from ₹10.00 million to ₹130.00 million. In the commercial portfolio, Suraj has constructed and sold built-to-suit corporate headquarters to institutional clientele namely, Saraswat Cooperative Bank Limited (Prabhadevi), National Stock Exchange of India, Union Bank of India, and Clearing Corporation of India Limited (Dadar). The company has built more than 40 projects across residential and commercial segments in Mumbai.
From 2016 to 2023 (Q1), the company has launched 15 residential projects out of which 13 projects (~87%) are redevelopment 178 projects. As of March 31, 2023, Suraj has redeveloped houses for more than 1,011 tenants free of cost under regulation 33(7) of the Development Control and Promotion Regulation, 2034 (DCP Regulations). As of May 31, 2023, the company has completed 42 projects with a developed area of more than 1,046,543.20 square feet in the South Central Mumbai region. In addition to the Completed Projects, it has 11 Ongoing Projects with a developable area of 1,714,962.03 square feet, and saleable RERA carpet area of 497,774 square feet, and 21 Upcoming Projects with an estimated carpet area of 843,192 square feet.
Suraj Estate Developers was awarded Best Developer of the Year - Residential at the CNN-News18 Real Estate & Business Excellence Awards in Mumbai, on February 2, 2020.
No financial information whatsoever published anywhere, within this application, should be considered as an advise to buy or sell securities or invest in IPOs, or as guide to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.
If you are agree with app tems and condition to use the app.
Thank you.