The real estate construction company Suraj Estate Developers IPO will be hit the market 18 December 2023 and closes on 20 December 2023. The Company has filed the RHP of this IPO. According to RHP, the company wants to raise ₹400.00 crore through IPO. The company will issue fresh shares of ₹400 crores through this IPO.
The company has reserved 50% for QIB, 10% for NII and 35% for Retail Investor in this IPO.
Suraj Estate Developers Limited is a real estate construction company. The company develops real estate across the residential and commercial sectors in the South Central Mumbai region. The company has a residential portfolio located in the markets of Mahim, Dadar, Prabhadevi, and Parel, which are sub-markets of the South-Central Mumbai micro-market where we have established our presence.
The company focused primarily on value luxury, luxury segments, and commercial segments. The company now venturing into residential real estate development in the Bandra sub-market. The company’s focus area of operation is the South-Central region in Mumbai mainly consisting of Mahim, Matunga, Dadar, Prabhadevi, and Parel. You can check Suraj Estate Developers IPO GMP here.
| Read also: Upcoming IPO List 2023 |
The company does not provide any construction services on its own and is 100% dependent on third-party contractors for the construction services of its Projects. Since incorporation, The company has completed forty-two (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, the company has (13) Ongoing Projects with a developable area of 20,34,434.40 square feet and a saleable carpet area of 6,09,928 square feet, and (16) Upcoming Projects with an estimated carpet area of 7,44,149 square feet. You can check Suraj Estate Developers IPO subscription status here.
Object Of the Issue :
- Repayment/Prepayment of the aggregate outstanding borrowings of our Company and our Subsidiaries, Accord Estates Private Limited, Iconic Property Developers Private Limited, and Skyline Realty Private Limited.
- Acquisition of land or land development rights.
- General corporate purposes.
Company Strengths :
- The company established a brand with a long-standing presence in Value Luxury Segment and Luxury Segment in the residential real estate market of South Central Mumbai region.
- The company diversified its portfolio encompassing product offerings across various price points in value luxury and luxury segments.
- Strong expertise in tenant settlement in redevelopment projects.
- Our marketing and sales strategies.
- Experienced promoter and management team.
Suraj Estate Developers IPO Review :
| Details | Valuation |
| PAT 2023 : Issue Price : EPS 2023 : PE Ratio : ROE : RoNW : ROCE : Debt/Equity : NAV Value : Total Assets : Market Cap : Pre Holding : Post Holding : | ₹32.06 Cr ₹360 /EQ 10.10 35.64x 58.18 % 58.18 % 21.93 % 8.31 ₹22.49 ₹942.58 Cr ₹1597.00 Cr 100.00 % 74.95 % |
| Team Review : | ✔ Apply For Long Term |
Suraj Estate Developers IPO Date & Price Band & Details :
| Issue Type : | Book Built Issue |
| IPO Open : | 18 December 2023 |
| IPO Close : | 20 December 2023 |
| Face Value : | ₹5 Equity Share |
| Price Band : | ₹340 – ₹360 Per Share |
| Listing On : | BSE, NSE |
| Issue Size : | ₹400.00. Cr {11,111,111 Shares} |
| Fresh Issue : | ₹400.00. Cr {11,111,111 Shares} |
Suraj Estate Developers IPO Market Lot :
Suraj Estate Developers IPO Minimum Market lot is 1 Lot with 41 shares with ₹14,760 Application amount. Retail investors can apply up to 13 lots with 533 Shares or ₹191,880 amounts.
| Application | Lot | Shares | Amount |
| Retail Minimum : | 1 | 41 | ₹14,760 |
| Retail Maximum : | 13 | 533 | ₹191,880 |
| S-HNI Minimum : | 14 | 574 | ₹206,640 |
| S-HNI Maximum : | 67 | 2747 | ₹988,920 |
| B- HNI Minimum : | 68 | 2788 | ₹1,003,680 |
Suraj Estate Developers IPO Reservation :
Suraj Estate Developers IPO Total Reservation of 11,111,111 shares is to be bid for the public issue by Suraj Estate Developers IPO with 5,555,555 for QIB and 1,666,667 for NII 3,888,889 For RII & – Shares EMP.
| Category | Reservation | Shares | Amount Cr |
| QIB : | 50% | 5,555,555 | ₹200.00 |
| NII : | 15% | 1,666,667 | ₹60.00 |
| RII : | 35% | 3,888,889 | ₹140.00 |
| Total : | 100% | 11,111,111 | ₹400.00 |
Suraj Estate Developers IPO EPS & RoNW :
The Suraj Estate Developers company’s EPS & RoNW growth increased last financial year, which is shown to you in the table here.
| Year | EPS (Rs.) | RoNW % | NAV |
| 2023 | ₹10.10 | 58.18% | ₹22.49 |
| 2022 | ₹8.35 | 77.22% | ₹12.33 |
| 2021 | ₹1.98 | 23.62% | ₹45.90 |
Suraj Estate Developers IPO Peer Comparison PE :
The Suraj Estate Developers, According to the RHP of the company few company is listed whose PE Multiple is shown in this table.
| Sr. No. | Company | PE Ratio |
| 1. | Oberoi Realty | 25.63 |
| 2. | Sunteck Realty | 4536.00 |
| 3. | Keystone Realtors | 70.83 |
| 4. | Shriram Properties | 27.442 |
| 5. | Mahindra Lifespace Developers | 77.87 |
| 6. | D B Realty | -72.09 |
| 7. | Hubtown Limited | 16.16 |
Suraj Estate Developers IPO Dates :
Suraj Estate Developer’s IPO Date is 18 December 2023 and closes on 20 December 2023. The allotment will be finalized on 21 December 2023 and the IPO may list on 26 December 2023.
| Anchor Date : | 17 December 2023 |
| Open Date : | 18 December 2023 |
| Close Date : | 20 December 2023 |
| Allotment Date : | 21 December 2023 |
| Refund Date : | 22 December 2023 |
| Share Credit Date : | 22 December 2023 |
| Listing Date : | 26 December 2023 |
Suraj Estate Developers IPO Form :
There are two ways to apply for Suraj Estate Developers IPO. You can apply for Suraj Estate Developers IPO through ASBA available in your bank account. You have to go to your online bank login select Suraj Estate Developers IPO in the Invest section and apply through your bank account. Another option is you apply for Suraj Estate Developers IPO through an IPO form downloaded through NSE and BSE. Visit the IPO Form Page and download the NSE Form and BSE Form IPO Form, fill it out, and submit it to your bank or your broker.
Suraj Estate Developers Company Financial Report (Crore) :
| Year | Revenue | Expense | PAT |
| 2023 | ₹307.89 | ₹264.68 | ₹32.06 |
| 2022 | ₹273.91 | ₹237.76 | ₹26.50 |
| 2021 | ₹244.00 | ₹234.95 | ₹6.28 |
Company Promoters :
■ Rajan Meenathakonil Thomas
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
■ Anchor Investor
Suraj Estate Developers IPO Lead Managers :
■ ITI Capital Limited
■ Anand Rathi Advisors Limited
Suraj Estate Developers IPO Registrar :
Link Intime India Private Limited
C-101, 1st Floor, 247 Park, Lal Bahadur Shastri Marg
Vikhroli (West), Mumbai 400 083
Maharashtra, India
Telephone: +91 810 811 4949
Email: [email protected]
Investor grievance e-mail: [email protected]
Website: www.linkintime.co.in
Note: Check Suraj Estate Developer’s IPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link. Click Here
Company Address :
Suraj Estate Developers Limited
301, 3rd Floor, Aman Chambers,
Veer Savarkar Marg, Opp. Bengal Chemicals,
Prabhadevi, Mumbai 400025, Maharashtra, India
E-mail: [email protected]
Telephone No.: +91 22 40154746/ +91 22 40154764
Website: www.surajestate.com
Suraj Estate Developers IPO FAQs :
What is Suraj Estate Developers IPO?
Suraj Estate Developers IPO is a Mainboard IPO. They are going to raise ₹400.00. Crores via IPO. The issue is priced at ₹340-₹360 per equity share. The IPO is to be listed on NSE, and BSE.
When Suraj Estate Developers IPO will open?
The IPO is to open on 18 Dec – 20 Dec for QIB, NII & RII.
What is Suraj Estate Developers IPO Size?
Suraj Estate Developer’s IPO size is ₹400.00 Crores.
What is the Fresh issue size of Suraj Estate Developers IPO?
The Fresh issue size of Suraj Estate Developers IPO ₹400.00 Cr.
What is the Suraj Estate Developers IPO Price Band?
Suraj Estate Developers IPO Price Band is ₹340-₹360 Per share.
What is Suraj Estate Developers IPO Minimum and Maximum Lot Size?
The minimum 41 Shares with ₹14,760 amount while the maximum 880 shares with ₹191,880.
What is Suraj Estate Developers IPO Investors Portion?
The investors’ portion for QIB is 50%, NII 10%, and RII 35%.
What is the Suraj Estate Developers IPO Allotment Date?
Suraj Estate Developer’s IPO allotment date will be 21 December 2023.
What is the Suraj Estate Developers IPO Listing Date?
Suraj Estate Developers’ IPO listing date is 26 December 2023. The IPO to list on NSE, BSE.
How do Apply for the Suraj Estate Developers IPO through Zerodha?
Log in to the Console on the Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “Suraj Estate Developers IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Suraj Estate Developers IPO through Upstox?
Log in to the Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “Suraj Estate Developers IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Suraj Estate Developers IPO through Groww?
Log in to the Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “Suraj Estate Developers IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Suraj Estate Developers IPO through Paytm Money?
Log in to the Paytm Money Website or app. Now you can see Invest in IPOs Section and Click on IPO. You will see the IPO Name “Suraj Estate Developers IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
| Suraj Estate Developers IPO GMP: Click Here Suraj Estate Developers IPO Subscription: Click Here Suraj Estate Developers IPO Allotment: Click Here Suraj Estate Developers IPO Listing: Click Here Suraj Estate Developers IPO Web Story: Click Here |
All Suraj Estate Developers IPO-related links are available here. If you want to know the details then click on the Click Here Link.
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