Suraj Estate Developers Limited is a real estate construction company that was founded in 1986. In the South Central Mumbai area, the business develops properties for both residential and commercial use. The company has sixteen (16) upcoming projects with an anticipated carpet area of 7,44,149 square feet, in addition to the completed projects. The developable area of the company’s thirteen (13) ongoing projects is 20,34,434.40 square feet, and its saleable carpet area is 6,09,928 square feet.
About Suraj Estate Developers Limited
The construction services required for its projects, the company is entirely dependent on other contractors and does not offer any construction services of its own. In the South-Central Mumbai area, Suraj Estate Developers Limited has completed 42 projects totaling more than 1,046,543.20 square feet of built area.
The projects company owns and operates the following properties: Elizabeth Apartment and Mon Desir, Suraj Eleganza-II and ICICI Apartments, CCIL Bhavan (Phase-I–up to 6th floors), and Tranquil Bay-I, Lumiere and Tranquil Bay-II, Brahmsidhhi CHS, Jacob Apartments, Suraj Eleganza-I and Gloriosa Apartments, and more.
There were 126 permanent workers working for our company and its subsidiaries as of September 30, 2023.
In Mumbai, Suraj has developed more than 10 lakh square feet of land. Suraj is available in the “value luxury” and “luxury” sectors of the residential portfolio at a variety of pricing points, with unit values ranging from ₹10.00 million to ₹130.00 million.
Suraj has developed and marketed custom corporate headquarters to institutional customers such as Saraswat Cooperative Bank Limited (Prabhadevi), Union Bank of India, National Stock Exchange of India, and Clearing Corporation of India Limited (Dadar) as part of its commercial portfolio.
Suraj Estate Developers Limited Financial Information
Suraj Estate Developers Limited’s revenue increased by 12.41% and profit after tax (PAT) rose by 20.98% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 994.73 | 942.58 | 864.00 | 792.00 |
| Revenue | 102.81 | 307.89 | 273.91 | 244.00 |
| Profit After Tax | 14.53 | 32.06 | 26.50 | 6.28 |
| Net Worth | 86.11 | 71.39 | 39.16 | 29.15 |
| Reserves and Surplus | 70.29 | 55.48 | 23.32 | 22.94 |
| Total Borrowing | 598.50 | 593.09 | 638.16 | 600.48 |
Key Performance Indicator
| KPI | Values |
| ROE | 58.18% |
| ROCE | 21.93% |
| Debt/Equity | 8.31 |
| EPS (Rs) | 10.1 |
| RoNW | 58.18% |
Objects of the Issue
The following goals will be funded with the net revenues from the issue, according to the company:
- Repayment or prepayment of the company’s and its subsidiaries’ total outstanding debt, Accord Estates Private Limited and Iconic Property Developers Private Limited.
- Obtaining land or the right to develop land.
- General business objectives.
IPO Lead Manager Performance 2023
The report on the performance of the IPO Lead Manager in 2023. Compare Indian lead managers based on the success or failure of the IPOs they oversaw on the listing day. Both Mainboard and SME IPO are covered in the paper.
An IPO’s likelihood of success or failure is mostly dependent on its lead manager. The lead manager sets the IPO’s price, schedule, and size. They also support the business when it sells shares to institutional and general public investors during its first public offering (IPO). Before participating in an IPO, the majority of investors and IPO analysts review the lead manager’s profile.
The financial institution registered with SEBI is the lead manager or merchant banker. They are the most important players in the IPO procedure. From the company’s founding until the IPO shares are posted on the stock exchanges, the book-running lead manager works closely with the business. They write the DRHP and RHP documents, assist companies in getting ready for an IPO, and get the exchanges and SEBI to accept them. They consult with the company to determine the offer price, dates of the public issue, and dates of the IPO listing. They also handle regulatory requirements and train the company on compliances for both pre- and post-IPO.
FAQ’S
What is Suraj Estate Developers Limited IPO?
Suraj Estate Developers IPO is the Initial Public Offering of equity shares of Suraj Estate Developers Limited. It allows the public to invest in the company by purchasing its shares.
When will Suraj Estate Developers IPO open for subscription?
The opening and closing dates for Suraj Estate Developers IPO will be disclosed in the IPO prospectus and announcements by the company and regulatory authorities.
How can I apply for Suraj Estate Developers IPO?
Investors can apply for Suraj Estate Developers IPO through the ASBA (Application Supported by Blocked Amount) process using their bank accounts. They can also use UPI (Unified Payments Interface) for the same.
What is the lot size of Suraj Estate Developers IPO?
The lot size, or the minimum quantity of shares one can apply for, will be specified in the IPO prospectus. Investors can apply for one or multiple lots based on their investment preferences.
What is the issue price of Suraj Estate Developers IPO?
The issue price of Suraj Estate Developers IPO will be determined through a book-building process. It will be announced in the prospectus once the price is finalized.
When will Suraj Estate Developers IPO get listed on the stock exchanges?
The listing date of Suraj Estate Developer’s IPO on the stock exchanges will be mentioned in the prospectus. It typically occurs a few days after the IPO closes.