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IPO

IPO Details


Suraj Estate Developers Ltd
Registered Office: 301 3rd Floor Aman Chambers, V S Marg Opp.Bengal Chemicals, Mumbai - 400025, Maharashtra
Phone: 91-22-4015 4746/+91-22 4015 4764
Email: suraj@surajestate.com
Website: www.surajestate.com
Initial public offering of 11,111,111^ equity shares of face value Rs. 5 each ("Equity Shares") of Suraj Estate Developers Limited ("The Company" or the "Issuer") for cash at a price of Rs. 360 per equity share (including a securities premium of Rs. 355 per equity share) ("Issue Price"), aggregating to Rs. 400.00 crores^ (the "Issue"). The issue constitutes 25.05% of the post-issue paid-up equity share capital of the company. The face value of equity shares is Rs. 5 each. The issue price is 72 times the face value of the equity shares. ^Subject to finalization basis the allotment
Issue Money Payable On
Opens On Closes On Application Allotment
18-Dec-2023 20-Dec-2023 ₹ 360.00 ₹ 0.00
Minimum Application for shares in Nos : 41.0 Further Multiples of : 41.0
(₹)Cr. Lead Managers to the Issue
Project Cost 364.73 Anand Rathi Advisors Ltd
Project Financed through Current Offer 400.00
Post Issue Equity Share Capital 22.18
Issue Price ₹360.00
Projects
Repayment/prepayment of the aggregate outstanding borrowings of the company and the company subsidiary, Accord Estates Pvt Ltd, Iconic Property Developers Pvt Ltd and Skyline Realty Pvt Ltd
Acquisition of land or land development rights
General corporate purposes
Promoted By
Rajan Meenathakonil Thomas
Listing At
BSE
NSE
Registrar to the Issue

INDIAN INDICES

Sensex

82,755.51 700.40 (0.85%)

Nifty

25,244.75 200.40 (0.80%)

GLOBAL INDICES

USD

85.75 0.06 (0.95%)

NASDAQ
HANG SENG

24,474.68 297.60(1.23%)