Suraj Estate Developers IPO to hit the market in coming months/year as the company filed DRHP with SEBI on 07 March 2022. The company to raise ₹500 crores via IPO that comprises fresh issue of ₹500 crores and an offer for sale up to – equity shares of ₹5 each. The retail quota is 10%, QIB 75% and NII is 15%.
Mumbai-based Suraj Estate Developers is coming up with an IPO of ₹500 crores. Suraj Estate Developers is one of the top real estate developers aka builders in Mumbai. With having 35 years of experience, they have 40+ projects across residential and commercial segments. They are offering premium living to their clients on every budget. Their ongoing projects are The Palette, Ocean Star, Suraj Emmanuel, Louisandra, and Ave Maria. Some of their clients are ICICI Bank, Union Bank of India, Saraswat Bank, Gail, Axis Bank, Canara Bank, NSE, Jaypee Group, The Clearing Corporation of India, Edelweiss, Etc. Check out Suraj Estate Developers IPO details.
Important Details:
- They have a portfolio of “value luxury” and “luxury segment” with a range of between 1 to 13 crores.
- They also have a portfolio of commercial projects.
- The company reported 6.26 crores of profit in 2021 against 1.52 crores in 2020.
- The company revenues increased to 244 crores in 2021 from 89 crores in 2020.
- The promoter group holds about 94.89% stake in the company
- Rajan Meenathakonil Thomas holds an 82.05% stake in the company.
Suraj Estate Developers IPO Review
Brokerage Firm IPO Reviews
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Suraj Estate Developers IPO Date & Price Band
| IPO Open: | To be updated soon |
| IPO Close: | To be updated soon |
| IPO Size: | Approx ₹500 Crores |
| Fresh Issue: | Approx ₹500 Crores |
| Offer for Sale: | Approx – Equity Shares |
| Face Value: | ₹5 Per Equity Share |
| Price Band: | ₹- to ₹- Per Share |
| Listing on: | BSE & NSE |
| Retail Quota: | 10% |
| QIB Quota: | 75% |
| NII Quota: | 15% |
| Discount: | N/A |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
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, – shares with ₹- application amount.
| Minimum Lot Size: | Minimum – Shares for 1 lot |
| Minimum Amount: | ₹- for 1 lot |
| Maximum Lot Size: | Maximum – Shares for 13 lot |
| Maximum Amount: | ₹- for 13 lot |
Suraj Estate Developers IPO Time Table, Allotment & Listing
The Suraj Estate Developers IPO date is To be updated soon and the IPO close date is To be updated soon. The allotment date is To be updated soon and the IPO may list on To be updated soon.
| Price Band Announcement: | To be updated soon |
| Anchor Investors Allotment: | To be updated soon |
| IPO Open Date: | To be updated soon |
| IPO Close Date: | To be updated soon |
| Basis of Allotment: | To be updated soon |
| Refunds: | To be updated soon |
| Credit to Demat Account: | To be updated soon |
| IPO Listing Date: | To be updated soon |
Suraj Estate Developers IPO Form
How to apply for the Suraj Estate Developers IPO? You can apply 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 you can apply for Suraj Estate Developers IPO via IPO forms download via NSE and BSE. Check out the Suraj Estate Developers forms – click NSE Forms & BSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.
Suraj Estate Developers Financial Report
| ₹ in Crores | |||||
| Income | Expense | PAT |
|||
| 2019 | ₹35.81 | ₹33.64 | ₹1.62 | ||
| 2020 |
₹88.94 | ₹86.62 | ₹1.52 | ||
| 2021 |
₹244.00 | ₹234.95 | ₹6.28 | ||
| 2022 – 7M |
₹110.43 | ₹94.06 | ₹11.90 | ||
Suraj Estate Developers IPO Valuation
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): | ₹1.98 per Equity Share (2021) |
| Price/Earning P/E Ratio: | – |
| Return on Net Worth (RoNW): | – |
| Net Asset Value (NAV): | ₹- per Equity Share |
Company Promoters
- Rajan Meenathakonil Thomas
Suraj Estate Developers IPO Registrar
Link Intime India Private Limited
C 101, 247 Park, L.B.S Marg
Vikhroli (West), Mumbai 400 083
Maharashtra, India
Tel: +91 22 4918 6200
Email: surajestate.ipo@linkintime.co.in
Website: www.linkintime.co.in
Suraj Estate Developers IPO Lead Managers
- Centrum Capital Limited
- Anand Rathi Advisors Limited
Company Address
Suraj Estate Developers Limited
301, 3rd Floor, Aman Chambers,
Veer Savarkar Marg, Opp. Bengal Chemicals,
Prabhadevi, Mumbai 400025, Maharashtra
Phone: +91 22 2437 7877
Email: suraj@surajestate.com
Website: www.surajestate.com
Contact Person: Shivil Kapoor
Company Secretary and Compliance Officer
Suraj Estate Developers IPO FAQs
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What is Suraj Estate Developers IPO Size?
Suraj Estate Developers IPO size is ₹500 crores. The IPO comprises ₹500 crores fresh issue and offers for sale of – equity shares.
What is Suraj Estate Developers IPO Price Band?
What is Suraj Estate Developers IPO Minimum and Maximum Lot Size?
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Note: The Suraj Estate Developers IPO final details are announced updated on the page. The IPO grey market premium (Suraj Estate Developers IPO Premium) is updated on their particular page. You can check our IPO grey market page for daily updates.)
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