Suraj Estate Developers has been involved in the real estate business since 1986, and develops real estate across the residential and commercial sectors in the South Central Mumbai region. The company identifies cessed/ non-cessed properties with existing tenants, and tie up with the landlords of such tenanted properties by entering into a development agreement or on outright purchase basis through conveyance deed. It also provides good quality housing free-of-cost to the existing tenants/ occupants of redevelopment properties.
The company plans to raise funds worth Rs 500 crore via IPO.
Opening Date
Closing Date
Price Band
Issue Size
Face Value
Market Lot
Listing at NSE, BSE
| IPO Open Date | To be announced |
|---|---|
| IPO Close Date | To be announced |
| Allotment Date | To be announced |
| Initiation Of Refunds | To be announced |
| Credit Of Shares To Demat Account |
To be announced |
| IPO Listing Date | To be announced |
| UPI Mandate Expiry Date | To be announced |
| Particulars (in Rs. Crores) | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|
| Revenue | 240.0 | 86.9 | 34.6 |
| EBITDA | 86.6 | 66.6 | 54.4 |
| Revenue | 240.0 | 86.9 | 34.6 |
| Total Assets | 792.0 | 709.8 | 597.0 |
| Share Capital | 6.4 | 6.4 | 6.4 |
| Total Borrowings | 600.5 | 497.4 | 371.1 |
| Net cash generated from / (used in) operating activities | -14.93 | -31.71 | -53.18 |
| Net cash from / (used in) investing activities | -6.84 | -14.66 | -4.22 |
| Net cash flow from / (used in) financing activities | 26.96 | 44.81 | 59.28 |
| Net increase (decrease) in cash and cash equivalents | 5.19 | -1.56 | 1.88 |
A simple and smartest way to Apply in IPO online via Religare Dynami Mobile App
Here are our top reasons:
| Strengths | Risks | ||
|---|---|---|---|
| Established brand having a long standing presence in Value Luxury Segment and Luxury Segment in the residential real estate market of South Central Mumbai region | Unsuccessful in identifying and acquiring suitable land or development rights | ||
| Proven track record of efficient execution, project management skills, ability to deliver projects at competitive cost and within reasonable timelines | Significant number of unsold units among our ongoing projects | ||
| Strong project pipeline providing near term cash flow visibility | The company is exposed to risks from economic, regulatory and other changes as well as natural disasters in the south-central Mumbai region and the overall performance of real estate sector | ||
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An IPO also known as initial pulic offering or stock launch is a process when a private company sale its shares to public for the first time. Learn more about IPO at our knowledge centre.
Realty firm Suraj Estate Developers, filed its papers with SEBI in the month of March for an IPO comprising a fresh issue of shares aggregating to Rs500 crore with no offer for sale component.
A lot size is the minimum number of shares that an investor has to bid for. A lot size differs for each IPO and is fixed by the company.
IPO Price Band is the price range within which investors can bid for the shares. The minimum price is called the floor price and the maximum price is called the cap price.
Issue size is the total value of an IPO. It is calculated by multiplying the number of shares offered by the company by the issue price per share.
You will receive an email on your registered email id if the IPO shares are allotted to you. Alternatively, you can also visit the registrar of the company’s official website and provide the details as asked in the allotment status section of the website.
IPOs, as such, do not have any taxes. You are taxed only when you decide to sell the IPO shares. Any monetary profit you make while selling the IPO shares is referred to as ‘capital gains’.
Capital gains tax is charged depending on how long you held the shares for. If you owned the shares for less than 12 months, it is considered as short-term capital gains and if it is over 12 months, it is referred as long-term capital gains.
Tax on short-term capital gains is 15%. It is 10% for equity gains in the long run (over 12 months). Do remember that you are taxed if the equity proceeds exceed Rs 1 lakh.
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Registration No: CA0581 | Company CIN : U65999DL2016PLC314319.
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