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Suraj Estate Developers IPO

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.


The net proceeds from the issue will be issued for
1) prepayment/repayment of borrowings worth Rs.315 crore
2) Rs.45 crore will be utilized towards the acquisition of land or land development rights


Opening Date

To be announced

Closing Date

To be announced

Price Band

To be announced

Issue Size

To be announced

Face Value

To be announced

Market Lot

To be announced

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

Financial Highlights

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

How to apply in IPO via UPI on Dynami

A simple and smartest way to Apply in IPO online via Religare Dynami Mobile App

Why should you invest in Suraj Estate Developers Limited IPO ?

Here are our top reasons:

  • Despite the spiralling COVID-19 pressure across the country, the Indian residential sector made a significant comeback in Q3 2021 with absorption rebounding to 113% of the corresponding period in 2020. The Mumbai Metropolitan Region (“MMR”), Pune, Bengaluru, Hyderabad, the National Capital Region (“NCR”), Chennai and Kolkata (“Top Seven Indian Markets”) recorded absorption of approximately 0.15 million units in the first three quarters of 2021 - rising by 67% against the corresponding period in 2020.
  • New launches have jumped by 117% from 75,150 units in January to September period of 2020 to nearly 162,950 units in the same period in 2021.
  • The unsold inventory across the top 7 cities in India has remained stable on a quarterly basis (655,299 units) but witnessed an increase of 3% on a yearly basis because the new supply outpaced overall absorption numbers over the last 5 quarters ending September 2021.

Know before investing

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

How to apply for Suraj Estate Developers Limited IPO ?

Retail investors need to apply for the IPO using UPI

UPI

  • Link your bank account to a UPI ID.
  • Register your UPI id with your Demat account.
  • Subscribe for Suraj Estate Developers Limited IPO and approve the payment on your UPI ID.

Demat Account

How to open a Demat & Trading Account?

Demat & Trading Account
Form fill up Demat & Trading Account

Fill up your personal details in the form above

Share Personal Details Demat & Trading Account

Fill up your DOB, PAN, email & bank account details

OTP Authentication Demat & Trading Account

Upload your photo and e-sign your application via Aadhaar OTP

How to open a Demat & Trading Account?

Open Demat Account

Frequently asked questions

  • 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.