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Open
3 Aug 2020
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Close
5 Aug 2020
3
Allotment
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Listing
Thu, Aug 13, 2020
Price Band
₹15 per share
Issue Size
46,00,000 shares (agg. up to ₹7 Cr)
Lot Size
8,000 Shares
Listing Date
Thu, Aug 13, 2020
Latest GMP
₹0
✦ AI Insight
GMP Trend
27-10-2025₹0Est. ₹—+0%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.16x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2020 | 31 Mar 2019 | 31 Mar 2018 |
|---|---|---|---|
| Assets | 53.91 | 44.88 | 31.29 |
| Total Income | 10.88 | 9.13 | 11.20 |
| Profit After Tax | 0.32 | 0.86 | 2.96 |
| EBITDA | 3.37 | 2.89 | 4.81 |
| NET Worth | 14.05 | 9.91 | 9.05 |
| Reserves and Surplus | 1.30 | 0.98 | 9.02 |
| Total Borrowing | 23.10 | 15.27 | 4.09 |
| Amount in ₹ Crore |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet Working Capital requirements | 5.60 |
| 2 | General Corporate Purpose | 0.61 |
About Suratwwala Business Group IPO
Incorporated in 2008, Suratwwala Business Group Ltd is a real estate development company developing commercial and residential projects in Pune District. The company focusses on the development, sale, and maintenance business of properties. Suratwwala also provides the space on rent for banners, hoardings, and towers on buildings and unsold space for a particular time duration.The company has completed one residential projet of 16 one BHK Apartments and one commercial project named Suratwwala Mark Plazzo - Phase I in Pune district. The company is working on Phase II of the commercial project.A major portion of the revenue of the company is derived from the development of real estate projects. The project of the company includes both affordable housing and premium housing developments. For maintenance business, Suratwwala Business charges fees from the owners of the units of each project.Competitive Strengths1. Diversified Business Model2. Strong presence in Pune district3. Land identification capabilities and strong execution+ Read More
Contact Details
Suratwwala Business Group Ltd. AddressS.No.4/38, Sumangal, First FloorSahakar Colony behind SBI, Off Karve RoadErandwanePune, Maharashtra, 411004+91 020 25434392cs@suratwwala.co.inVisit Website