Suraj Estate Developers IPO Date, Review, Price, Allotment Details

Suraj Estate Developers has been inquisitive about the actual property industry since 1986 and develops actual property around the residential and industrial sectors within the South Central Mumbai area. They are actually venturing into residential actual property construction within the Bandra submarket. In their residential portfolio, they’re provide around the “value luxury” and “luxury” segments throughout a couple of worth issues with unit values starting from ₹10.00 million to ₹130.00 million.

In their industrial portfolio, they’ve built and offered built-to-suit company headquarters to our institutional clientele particularly, Saraswat Cooperative Bank Limited (Prabhadevi) and Clearing Corporation of India Limited (Dadar). To cater to the expanding want for smaller impartial workplaces within the industrial section, they plan to foray into growing boutique administrative center areas on Tulsi Pipe Road, Mahim.

From 2016 to 2023 (Q1), Suraj Estate Developers introduced 15 residential initiatives out of which 13 initiatives (~87%) are redevelopment 178 initiatives. As of March 31, 2023, the corporate has redeveloped properties for extra
than 1,011 tenants freed from value beneath law 33(7) of the Development Control and Promotion Regulation, 2034 (“DCP Regulations”). As of the date of this Draft Red Herring Prospectus, there are 14,207 choice of cessed houses within the island town of Mumbai which are but to be redeveloped.

Suraj Estate Developers Limited has a big residential portfolio positioned within the markets of Mahim, Dadar, Prabhadevi, and Parel, which might be sub-markets of the South Central Mumbai micro-market the place they’ve established their presence and are probably the most marketplace leaders in those places. They are some of the best ten builders as consistent with provide (in choice of devices). Out of the highest ten builders, they rank first with a fifteen.92% marketplace percentage. They also are some of the best ten builders as consistent with absorption (in choice of devices) the place they rank first with a 16.99% marketplace percentage.

Objects of the Issue

• Repayment/Prepayment of the combination remarkable borrowings of the corporate and its subsidiaries, Accord Estates Private Limited and Iconic Property Developers Private Limited.
• Acquisition of land or land construction rights.
• General company functions.

Suraj Estate Developers IPO Review (Apply or Not)

Brokerage Firm IPO Review

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• Hem Securities: To be up to date quickly
• Arihant Capital: To be up to date quickly

Suraj Estate Developers IPO Date & Price Band Details

Suraj Estate Developers IPO Market Lot

The Suraj Estate Developers IPO minimal marketplace lot is 41 stocks with ₹14,760 utility quantity. The retail buyers can practice up-to 13 quite a bit with 533 stocks or ₹191,880 quantity.

Suraj Estate Developers IPO Allotment & Listing Dates

The Suraj Estate Developers IPO date is December 18 and the shut date is December 20. The Suraj Estate Developers IPO allotment will likely be finalized on December 21 and the IPO checklist on December 26.

You can test IPO subscription standing and IPO allotment standing on their respective pages.

Suraj Estate Developers IPO Form

How to use for the Suraj Estate Developers IPO? You can practice for Suraj Estate Developers IPO by means of ASBA to be had to your checking account. Just move to the net financial institution login and practice by means of your checking account via settling on the Suraj Estate Developers IPO within the Invest phase. The different choice is you’ll practice for Suraj Estate Developers IPO by means of IPO bureaucracy downloaded by means of NSE and BSE. Check out the Suraj Estate Developers bureaucracy – Click BSE Forms & NSE Forms clean IPO bureaucracy obtain, fill, and publish to your financial institution or along with your dealer.

Suraj Estate Developers Company Financial Report

Suraj Estate Developers IPO Valuation – FY2023

Check Suraj Estate Developers IPO valuations element like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) main points.

Peer Group

• Oberoi Realty Limited
• Sunteck Realty Limited
• Keystone Realtors Limited
• Shriram Properties Limited
• Mahindra Lifespace Developers Limited
• D B Realty Limited
• Hubtown Limited

• Mr. Rajan Meenathakonil Thomas

Suraj Estate Developers IPO Registrar

Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://www.linkintime.co.in/

Suraj Estate Developers IPO Allotment Status Check

Check Suraj Estate Developers IPO allotment standing on Linkintime website online allotment URL. Click Here

Suraj Estate Developers IPO Lead Managers aka Merchant Bankers

• Iti Capital Ltd
• Anand Rathi Securities Limited

Company Address

Suraj Estate Developers Limited
301, third Floor, Aman Chambers,
Veer Savarkar Marg, Opp. Bengal Chemicals,
Prabhadevi, Mumbai – 400025
Phone: +91 22 2437 7877
Email: [email protected]
Website: https://surajestate.com/

Suraj Estate Developers IPO FAQs

Note: The Suraj Estate Developers IPO worth band and date are formally introduced. The IPO gray marketplace top class (Suraj Estate Developers IPO Premium) will likely be added to the IPO gray marketplace web page as it’ll get started).