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 Promoters:

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

Company Financials:

Summary of financial Information (Restated)
Particulars For the year/period ended (₹ 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

IPO DateAug 3, 2020 - Aug 5, 2020
Issue TypeFixed Price Issue IPO
Issue Size4,600,000 Eq Shares of ₹10
(aggregating up to ₹6.90 Cr)
Face Value₹10 per equity share
IPO Price₹15 per equity share
Market Lot8000 Shares
Min Order Quantity8000 Shares
Listing AtBSE SME
P/E (x)83
Market Cap (₹ Cr.)26.01

Suratwwala Business IPO Tentative Date / Timetable

Bid/Offer Opens OnAug 3, 2020
Bid/Offer Closes OnAug 5, 2020
Finalisation of Basis of AllotmentAug 10, 2020
Initiation of RefundsAug 11, 2020
Credit of Shares to Demat AcctAug 12, 2020
IPO Shares Listing DateAug 13, 2020

Suratwwala Business IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum18000₹120,000
Maximum18000₹120,000

Suratwwala Business IPO Promoter Holding

Pre Issue Share Holding99.92%
Post Issue Share Holding73.42%

Suratwwala Business IPO Subscription Status (Bidding Detail)

Suratwwala Business IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

NII

RII

Total

Shares Offered

2,180,000

2,180,000

4,360,000

Aug 5, 2020 18:49

2.35x

0.28x

1.31x

Suratwwala Business IPO Prospectus

Suratwwala Business IPO Rating

52
2.7
Rating:Rated 2.7 stars

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Suratwwala Business IPO Listing Date

Listing DateThursday, August 13, 2020
BSE Script Code543218
NSE Symbol
Listing InMT
ISININB05ST01010
IPO Price₹15 per equity share
Face Value₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE SME
₹15.00
₹15.45
₹15.45
₹16.22
₹16.22
256,000

Suratwwala Business IPO Reviews / Ratings

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
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

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

Suratwwala Business IPO Lead Manager(s)

Suratwwala Business IPO FAQs

  1. What is Suratwwala Business IPO?

    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 equity 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.

  2. How to apply in Suratwwala Business IPO through Zerodha?

    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.

  3. When Suratwwala Business IPO will open?

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

  4. What is the lot size of Suratwwala Business IPO?

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

  5. How to apply for Suratwwala Business IPO?

    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.

  6. When Suratwwala Business IPO allotment?

    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.

  7. When is Suratwwala Business IPO listing date?

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

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