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graph-market IPO

Suraj Estate Developers Ltd

Registered Office: 301 3rd Floor Aman Chambers,V S Marg Opp.Bengal Chemicals, Mumbai - 400025, Maharashtra, India.
Phone : 91-22-4015 4746/+91-22 4015 4764   Fax:
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-23 20-Dec-23 360.00-0.00 0.00-0.00
Minimum Application for shares in Nos : 41   Further Multiples of : 41
  Rs 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

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