Suraj Estate Developments Limited
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Dec 18 to Dec 20, 2023
Price Band
₹340 - 360
Current GMP
₹340 (-5.58%)
Subscription
16.43 times
IPO Details
| IPO Date | December 18, 2023 to December 20, 2023 |
| Listing Date | Tuesday, December 26, 2023 |
| Face Value | ₹5 per share |
| Price Band | ₹340 to ₹360 per share |
| Lot Size | 41 Shares |
| Total Issue Size | 11,111,111 shares (aggregating up to ₹400.00 Cr) |
| Fresh Issue | 11,111,111 shares (aggregating up to ₹400.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 33,250,000 |
| Share holding post issue | 44,361,111 |
IPO Date
December 18, 2023 to December 20, 2023
Listing Date
Tuesday, December 26, 2023
Face Value
₹5 per share
Price Band
₹340 to ₹360 per share
Lot Size
41 Shares
Total Issue Size
11,111,111 shares (aggregating up to ₹400.00 Cr)
Fresh Issue
11,111,111 shares (aggregating up to ₹400.00 Cr)
Issue Type
Book Built Issue IPO
Listing At
BSE, NSE
Share holding pre issue
33,250,000
Share holding post issue
44,361,111
IPO Subscription Details
| Anchor Investors | 1 |
| Qualified Institutions | 25.74 |
| Non-Institutional Buyers | 19.96 |
| bNII (bids above ₹10L) | 18.37 |
| sNII (bids below ₹10L) | 23.15 |
| Retail Investors | 9.60 |
| Total ** | 16.43 |
Anchor Investors
1
Qualified Institutions
25.74
Non-Institutional Buyers
19.96
bNII (bids above ₹10L)
18.37
sNII (bids below ₹10L)
23.15
Retail Investors
9.60
Total **
16.43
Day Wise Sub
| Day | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Day 1 Dec 18, 2023 | 0.13 | 0.30 | 1.37 | 0.78 |
| Day 2 Dec 19, 2023 | 0.13 | 2.18 | 4.18 | 2.60 |
| Day 3 Dec 20, 2023 | 25.74 | 19.96 | 9.60 | 16.43 |
DayDay 1
Dec 18, 2023
QIB0.13
NII0.30
Retail1.37
Total0.78
DayDay 2
Dec 19, 2023
QIB0.13
NII2.18
Retail4.18
Total2.60
DayDay 3
Dec 20, 2023
QIB25.74
NII19.96
Retail9.60
Total16.43
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 26-12-2023 | 360.00 | 15 (4.17%) | 375 |
| 25-12-2023 | 360.00 | 15 (4.17%) | 375 |
| 24-12-2023 | 360.00 | 15 (4.17%) | 375 |
| 23-12-2023 | 360.00 | 15 (4.17%) | 375 |
| 22-12-2023 | 360.00 | 15 (4.17%) | 375 |
| 21-12-2023 | 360.00 | 25 (6.94%) | 385 |
| 20-12-2023 | 360.00 | 25 (6.94%) | 385 |
| 19-12-2023 | 360.00 | 70 (19.44%) | 430 |
| 18-12-2023 | 360.00 | 70 (19.44%) | 430 |
| 17-12-2023 | 360.00 | 70 (19.44%) | 430 |
| 16-12-2023 | 360.00 | 66 (18.33%) | 426 |
| 15-12-2023 | 360.00 | 55 (15.28%) | 415 |
| 14-12-2023 | 360.00 | 65 (18.06%) | 425 |
| 13-12-2023 | 360.00 | 55 (15.28%) | 415 |
Date26-12-2023
Price360.00
GMP15 (4.17%)
Estimate List Price375
Date25-12-2023
Price360.00
GMP15 (4.17%)
Estimate List Price375
Date24-12-2023
Price360.00
GMP15 (4.17%)
Estimate List Price375
Date23-12-2023
Price360.00
GMP15 (4.17%)
Estimate List Price375
Date22-12-2023
Price360.00
GMP15 (4.17%)
Estimate List Price375
Date21-12-2023
Price360.00
GMP25 (6.94%)
Estimate List Price385
Date20-12-2023
Price360.00
GMP25 (6.94%)
Estimate List Price385
Date19-12-2023
Price360.00
GMP70 (19.44%)
Estimate List Price430
Date18-12-2023
Price360.00
GMP70 (19.44%)
Estimate List Price430
Date17-12-2023
Price360.00
GMP70 (19.44%)
Estimate List Price430
Date16-12-2023
Price360.00
GMP66 (18.33%)
Estimate List Price426
Date15-12-2023
Price360.00
GMP55 (15.28%)
Estimate List Price415
Date14-12-2023
Price360.00
GMP65 (18.06%)
Estimate List Price425
Date13-12-2023
Price360.00
GMP55 (15.28%)
Estimate List Price415
IPO Important Dates
| IPO Open Date | Monday, December 18, 2023 |
| IPO Close Date | Wednesday, December 20, 2023 |
| Basis of Allotment | Thursday, December 21, 2023 |
| Initiation of Refunds | Friday, December 22, 2023 |
| Credit of Shares to Demat | Friday, December 22, 2023 |
| Listing Date | Tuesday, December 26, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 20, 2023 |
IPO Open Date
Monday, December 18, 2023
IPO Close Date
Wednesday, December 20, 2023
Basis of Allotment
Thursday, December 21, 2023
Initiation of Refunds
Friday, December 22, 2023
Credit of Shares to Demat
Friday, December 22, 2023
Listing Date
Tuesday, December 26, 2023
Cut-off time for UPI mandate confirmation
5 PM on December 20, 2023
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 41 | ₹14,760 |
| Retail (Max) | 13 | 533 | ₹191,880 |
| S-HNI (Min) | 14 | 574 | ₹206,640 |
| S-HNI (Max) | 67 | 2,747 | ₹988,920 |
| B-HNI (Min) | 68 | 2,788 | ₹1,003,680 |
ApplicationRetail (Min)
Lots1
Shares41
Amount₹14,760
ApplicationRetail (Max)
Lots13
Shares533
Amount₹191,880
ApplicationS-HNI (Min)
Lots14
Shares574
Amount₹206,640
ApplicationS-HNI (Max)
Lots67
Shares2,747
Amount₹988,920
ApplicationB-HNI (Min)
Lots68
Shares2,788
Amount₹1,003,680
Financial Information
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 994.73 | 942.58 | 864.00 |
| Revenue | 102.81 | 307.89 | 273.91 |
| Profit After Tax | 14.53 | 32.06 | 26.50 |
| Net Worth | 86.11 | 71.39 | 39.16 |
| Reserves and Surplus | 70.29 | 55.48 | 23.32 |
| Total Borrowing | 598.50 | 593.09 | 638.16 |
Period EndedPeriod Ended
30 Jun 202330 Jun 2023
31 Mar 202331 Mar 2023
31 Mar 202231 Mar 2022
Period EndedAssets
30 Jun 2023994.73
31 Mar 2023942.58
31 Mar 2022864.00
Period EndedRevenue
30 Jun 2023102.81
31 Mar 2023307.89
31 Mar 2022273.91
Period EndedProfit After Tax
30 Jun 202314.53
31 Mar 202332.06
31 Mar 202226.50
Period EndedNet Worth
30 Jun 202386.11
31 Mar 202371.39
31 Mar 202239.16
Period EndedReserves and Surplus
30 Jun 202370.29
31 Mar 202355.48
31 Mar 202223.32
Period EndedTotal Borrowing
30 Jun 2023598.50
31 Mar 2023593.09
31 Mar 2022638.16
Key Performance Indicator
| P/E (x) | 35.64 |
| Post P/E (x) | 49.81 |
| Market Cap (₹ Cr.) | 1597 |
| ROE | 58.18% |
| ROCE | 21.93% |
| Debt/Equity | 8.31 |
| EPS (Rs) | 10.1 |
P/E (x)
35.64
Post P/E (x)
49.81
Market Cap (₹ Cr.)
1597
ROE
58.18%
ROCE
21.93%
Debt/Equity
8.31
EPS (Rs)
10.1
IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 3,333,333 (30.00%) | NA |
| QIB Shares Offered | 2,222,222 (20.00%) | NA |
| NII (HNI) Shares Offered | 1,666,666 (15.00%) | |
| bNII > ₹10L | 1,111,110 (10.00%) | 1,935 |
| sNII < ₹10L | 555,555 (5.00%) | 967 |
| Retail Shares Offered | 3,888,889 (35.00%) | 94,850 |
| Total Shares Offered | 11,111,110 (100%) |
Investor CategoryAnchor Investor Shares Offered
Shares Offered3,333,333 (30.00%)
Maximum AllotteesNA
Investor CategoryQIB Shares Offered
Shares Offered2,222,222 (20.00%)
Maximum AllotteesNA
Investor CategoryNII (HNI) Shares Offered
Shares Offered1,666,666 (15.00%)
Maximum Allottees
Investor CategorybNII > ₹10L
Shares Offered1,111,110 (10.00%)
Maximum Allottees1,935
Investor CategorysNII < ₹10L
Shares Offered555,555 (5.00%)
Maximum Allottees967
Investor CategoryRetail Shares Offered
Shares Offered3,888,889 (35.00%)
Maximum Allottees94,850
Investor CategoryTotal Shares Offered
Shares Offered11,111,110 (100%)
Maximum Allottees
Information about company
Incorporated in 1986, Suraj Estate Developers Limited is a real estate construction company. The company develops residential and commercial real estate in the South Central Mumbai region.
The company does not provide any in-house construction services and is 100% dependent on third-party contractors for the construction services of its Projects.
Suraj Estate Developers Limited has completed forty-two (42) projects in the South-Central Mumbai region.
In addition to the completed projects, the company has thirteen (13) ongoing projects and sixteen (16) upcoming projects.
The company's projects include Suraj Eleganza-II and ICICI Apartments, CCIL Bhavan (Phase-I up to 6th floor) and Tranquil Bay-I, Elizabeth Apartment and Mon Desir, St. Anthony Apartments, Lumiere and Tranquil Bay-II, Brahmsidhhi CHS, Jacob Apartments, Suraj Eleganza-I and Gloriosa Apartments and others.
As of September 30, 2023, the company, together with its subsidiaries, employed 126 permanent employees.
Suraj Estate has developed more than 10 lakh square feet of land in Mumbai. In the residential portfolio, Suraj Estate is present in the "Value Luxury' and "Luxury' segments in various price categories with unit values ranging from Rs. 10.00 million to Rs. 130.00 million.
In the commercial segment, Suraj Estate has built and sold corporate headquarters for institutional clients, namely Saraswat Cooperative Bank Limited (Prabhadevi), National Stock Exchange of India, Union Bank of India and Clearing Corporation of India Limited (Dadar).
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
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