|Issue Date||03/08 - 05/08|
|Issue Size||₹6.90 Cr|
|Market Lot||8000 Shares|
|Shares on Offer||4,600,000|
|Subject to Sauda||N/A|
|Listing Date||13 Aug 2020|
Suratwwala Business Group Ltd. is Pune’s one of the best and leading construction companies that assure its results on the basis of quality and trust. The real estate sector is on the demand for envisioning new heights of the dynamics of the industry. We prosper our path with passion and perfection towards innovation. We believe our experience, techniques, and expertise through our projects will emblem our mark in construction history and the days to come. Our partners and stakeholders are in our consistent association to deliver the ultimate satisfaction to our customers. The type of pride and construction we want to build is what empowers us to thrive more every day.
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.
Mr. Jatin Dhansukhlal Suratwala and Mr. Manoj Dhansukhlal Suratwala are the promoters of the company.
Financial data is very poor against asking price. The issue is exorbitantly priced. This sector is currently under pressure with declining demands. Considering all these parameters, there is no harm in giving this issue a miss.
|Total Assets (In ₹ Millions)||5,390.82||4,487.52||3,129.14|
|Total Revenue (In ₹ Millions)||1,088.35||912.62||1,119.91|
|Profit After Tax (PAT) (In ₹ Millions)||32.46||85.86||296.49|
|Date & Time||QIB||NII||RII||Total|
|Day 1 - 03 Aug 2020||0.92||0.01||0.47|
|Day 2 - 04 Aug 2020||1.63||0.06||0.85|
|Day 3 - 05 Aug 2020||2.35||0.28||1.31|
Please click the link below to check the IPO allotment status.IPO Allotment Status
Suratwwala Business Group Ltd IPO will open on 03/08 and close on 05/08.
Suratwwala Business Group Ltd IPO will list on 13 Aug 2020.
The offer price of Suratwwala Business Group Ltd IPO is ₹15.
The lot size of Suratwwala Business Group Ltd IPO is 8000.
The Grey Market Premium (GMP) price of Suratwwala Business Group Ltd IPO is Not Available at the moment.
The Kostak price of Suratwwala Business Group Ltd IPO is Not Available at the moment.
The Subject to Sauda price for Suratwwala Business Group Ltd IPO is Not Available at the moment.
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