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Suratwwala Business Group Limited IPO

Suratwwala Business Group Limited IPO

IPO Date :
Issue Price :
Allotment Date :
Listing Date :
List Price :
Lot Size:
Subscription:
Listed Price: ₹ 15.45 (+3.00%)

Following its successful public offering, Suratwwala Business Group Limited's made its market debut on 13-08-2020 and is now actively traded on the BSEplatform. The IPO mobilized 46,00,000 Shares in total capital, including TBD in primary equity infusion.

The offering was structured with a price band of ₹15 to ₹15 and minimum investment lots of 8000 shares. Investor participation during the subscription window from 03-08-2020 to 05-08-2020 demonstrated market confidence in the company's prospects.

The allotment process concluded on 11-08-2020, allocating shares to successful bidders. The listing represents the culmination of the IPO process, transitioning the company to publicly traded status with enhanced transparency and governance standards.

Suratwwala Business IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Suratwwala Business IPO Key Performance Indicator
Company Financials ( in Lakhs )

Suratwwala Business IPO About Company

Suratwwala Business Group Ltd, incorporated in 2008, is a real estate development company operating mainly in Pune district, with a focus on commercial and residential projects. The company is engaged in developing, selling, and maintaining properties, and also earns income by renting out spaces on buildings and unsold areas for banners, hoardings, and telecom towers for fixed periods. It has completed a residential project comprising 16 one-bedroom apartments and a commercial project named Suratwwala Mark Plazzo Phase I, and is currently developing Phase II of the commercial project. A major share of its revenue is generated from real estate development activities across affordable and premium housing segments, while additional income comes from maintenance services charged to property owners within its projects.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Suratwwala Business IPO Strength Factors

  1. Diversified and scalable business model.
  2. Strong market presence in Pune district.
  3. Expertise in land identification and efficient project execution.

Suratwwala Business IPO Risk Factors

NA


Suratwwala Business IPO Lead Manager(s)

  • Hem Securities Limited

Suratwwala Business IPO Promoter(s)

  1. Mr. Jatin Dhansukhlal Suratwala
  2. Mr. Manoj Dhansukhlal Suratwala

Suratwwala Business IPO Company Details

Suratwwala Business Group Limited
Phone:
address:

Suratwwala Business IPO Registrar

Link Intime India Private Limited
Name:
Phone:

Suratwwala Business IPO FAQs