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Suratwwala Business Group Ltd IPO (Suratwwala Business IPO) Detail

Aug 3, 2020 - Aug 5, 2020

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 Strengths

1. Diversified Business Model
2. Strong presence in Pune district
3. Land identification capabilities and strong execution

Company Financials

Summary of financial Information (Restated)
Particulars For the year/period ended (Rs in Lakhs)
31-March-20 31-Mar-19 31-Mar-18 31-Mar-17
Total Assets 5,390.82 4,487.52 3,129.14 2,752.49
Total Revenue 1,088.35 912.62 1,119.91 1,657.82
Profit After Tax 32.46 85.86 296.49 214.38

Objects of the Issue

The company intends to utilise the proceeds of the Issue to meet the following objects:

1. To meet Working Capital requirements
2. General Corporate Purpose
3. To meet issue expenses

Suratwwala Business IPO Details

Suratwwala Business IPO Date Aug 3, 2020 to Aug 5, 2020
Suratwwala Business IPO Face Value ₹10 per share
Suratwwala Business IPO Price ₹15 per share
Suratwwala Business IPO Lot Size 8000 Shares
Issue Size4,600,000 shares of ₹10
(aggregating up to ₹6.90 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
P/E (x)83
Market Cap (₹ Cr.)26.01
Company Promoters

Mr.Jatin Dhansukhlal Suratwala and Mr. Manoj Dhansukhlal Suratwala are the promoters of the company.

Suratwwala Business IPO Timeline (Tentative Timetable)

Suratwwala Business IPO opens on Aug 3, 2020, and closes on Aug 5, 2020. The Suratwwala Business IPO bid date is from Aug 3, 2020 10.00 A.M. to Aug 5, 2020 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Date
Suratwwala Business IPO Opening Date Aug 3, 2020
Suratwwala Business IPO Closing Date Aug 5, 2020
Basis of Allotment Aug 10, 2020
Initiation of Refunds Aug 11, 2020
Credit of Shares to Demat Aug 12, 2020
Suratwwala Business IPO Listing Date Aug 13, 2020

Suratwwala Business IPO Lot Size

The Suratwwala Business IPO lot size is 8000 shares. A retail-individual investor can apply for up to 1 lots (8000 shares or ₹120,000).

Application Lots Shares Amount
Retail (Min) 1 8000 ₹120,000
Retail (Max) 1 8000 ₹120,000

Suratwwala Business IPO Promoter Holding

Pre Issue Share Holding 99.92%
Post Issue Share Holding 73.42%

Suratwwala Business IPO Review

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. Read detail review...


Suratwwala Business IPO Subscription Status (Bidding Detail)

The Suratwwala Business IPO is subscribed 1.31 times on Aug 5, 2020 6:49:02 PM. The public issue subscribed 0.28 times in the retail category, times in the QIB category, and 2.35 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII2.35
Retail0.28
Total1.31

Suratwwala Business IPO Prospectus

Suratwwala Business IPO Rating

52
2.7
Rating:Rated 2.7 stars
Vote Here ...

Suratwwala Business IPO Listing Date

Listing Date Thursday, August 13, 2020
BSE Script Code 543218
NSE Symbol
Listing In MT Group of Securities
ISIN INB05ST01010
IPO Price ₹15 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹15.00
₹15.45
₹15.45
₹16.22
₹16.22

Company Contact Information

Suratwwala Business Group Ltd
S. No. 4/38, Sumangal, First Floor,
Sahakar Colony behind SBI, Off Karve Road,
Erandwane, Pune, 411004, Maharashtra
Phone: +91 020 25434392
Email: cs@suratwwala.co.in
Website: http://www.suratwwala.co.in/

Suratwwala Business IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: sbgl.ipo@linkintime.co.in
Website: https://linkintime.co.in/

Suratwwala Business IPO Review

Suratwwala Business IPO Recommendation Summary

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Members 0 0 0

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Suratwwala Business IPO FAQs

Suratwwala Business IPO is a SME IPO of 4,600,000 equity shares of the face value of ₹10 aggregating up to ₹6.90 Crores. The issue is priced at ₹15 per share. The minimum order quantity is 8000 Shares.

The IPO opens on Aug 3, 2020, and closes on Aug 5, 2020.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in Suratwwala Business IPO using UPI as a payment gateway. Zerodha customers can apply in Suratwwala Business IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Suratwwala Business IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Suratwwala Business IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Suratwwala Business IPO opens on Aug 3, 2020 and closes on Aug 5, 2020.

Suratwwala Business IPO lot size is 8000 Shares and the minimum order quantity is .

You can apply in Suratwwala Business IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Suratwwala Business IPO will be done on Aug 10, 2020, and the allotted shares will be credited to your demat account by Aug 12, 2020. Check the Suratwwala Business IPO allotment status.

The Suratwwala Business IPO listing date is on Thursday, August 13, 2020.
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Suratwwala Business IPO Message Board

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12 Comments

8. Ballu bhai |   Link |Aug 14, 2020 8:07:36 AM
IS THERE ANY OTHER NEW LISTING IN THE SME IPO SPACE ?
7. Vinshah |   Link |Aug 3, 2020 12:50:47 PM
Admin ji, please update subscription to latest here...???? for all investors
7.1. Vinshah |   Link |Aug 13, 2020 4:15:26 PM
????Good Positive listing for investors of suratwla business...
6. ''D'' |   Link |Aug 7, 2020 5:05:06 PM
I have a query I need to know how to transfer the client from existing sub broker .If the existing Sub broker deny of giving a sign or a permission to the client for the transfer(Shifting to other sub broker).what are the other option for this?

6.1. KAUSHAL BODANI |   Link |Aug 11, 2020 10:38:43 AM
in which broker you have account ?
5. IPO EQUITY |   Link |Aug 6, 2020 11:12:12 PM
You can imagine...jiss company ke pass 6 crore nahi hai , vo company tumhare paise ka keya haal karegi...
4. Carn Mohan |   Link |Aug 5, 2020 11:58:35 AM
IPO Mentor IPO Mentor (900+ Posts, 400+ Likes)
You're right I applied Innovative tyres and tubes Ltd. Three years ago at Rs 45 ,3000 shares now rate is Rs 6 I have already losses Rs 120000/.
3. papon |   Link |Aug 3, 2020 1:39:12 PM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
Don't go by nii bids. All are bogus bids.
3.1. PRAFULDURAI |   Link |Aug 4, 2020 7:45:16 PM
Yes U are 100 % correct.
3.2. PRAFULDURAI |   Link |Aug 4, 2020 7:46:07 PM
Put your amount in the bank. Atleast U will ge t bank int
2. atul |   Link |Aug 1, 2020 9:58:03 PM
Top Contributor Top Contributor (200+ Posts)
Do not invest.just loot only.
1. GoodKeep |   Link |Jul 29, 2020 7:42:22 PM
Anyone from Pune!
Two property (one 1 BHK apartment complex and another commercial complex). Valuation seems high.
Any comment from real estate experts.