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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 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 (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

IPO Opening Date Aug 3, 2020
IPO Closing Date Aug 5, 2020
Issue Type Fixed Price Issue IPO
Face Value ₹10 per equity share
IPO Price ₹15 per equity share
Market Lot 8000 Shares
Min Order Quantity 8000 Shares
Listing At BSE SME
Issue Size4,600,000 Eq Shares of ₹10
(aggregating up to ₹6.90 Cr)
P/E (x)83
Market Cap (₹ Cr.)26.01

Suratwwala Business IPO Tentative Timetable

The Suratwwala Business IPO open date is Aug 3, 2020, and the close date is Aug 5, 2020. The issue may list on Aug 13, 2020.

IPO Open Date Aug 3, 2020
IPO Close Date Aug 5, 2020
Basis of Allotment Date Aug 10, 2020
Initiation of Refunds Aug 11, 2020
Credit of Shares to Demat Account Aug 12, 2020
IPO Listing Date Aug 13, 2020

Suratwwala Business IPO Lot Size

The Suratwwala Business IPO market 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 (Cut-off)
Minimum 1 8000 ₹120,000
Maximum 1 8000 ₹120,000

Suratwwala Business IPO Promoter Holding

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

Suratwwala Business IPO Subscription Status (Bidding Detail)

The Suratwwala Business IPO is subscribed 1.31 times on 8/5/2020 6:49:02 PM. The public issue subscribed 0.28 in the retail category, in the QIB category, and 2.35 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 equity share
Face Value ₹10 per equity 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 Reviews / Ratings

Suratwwala Business IPO Lead Manager(s)

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 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.

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 8000 Shares.

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.

Suratwwala Business IPO Message Board

Ranked Members  Ranked Members

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12 Comments

8. Ballu bhai |Aug 14, 2020 9:07:36 AM
IS THERE ANY OTHER NEW LISTING IN THE SME IPO SPACE ?
7. Vinshah |Aug 3, 2020 1:50:47 PM
Admin ji, please update subscription to latest here...???? for all investors
7.1. Vinshah |Aug 13, 2020 5:15:26 PM
????Good Positive listing for investors of suratwla business...
6. ''D'' |Aug 7, 2020 6:05:06 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 |Aug 11, 2020 11:38:43 AM
in which broker you have account ?
5. IPO EQUITY |Aug 7, 2020 12:12:12 AM
You can imagine...jiss company ke pass 6 crore nahi hai , vo company tumhare paise ka keya haal karegi...
4. Carn Mohan |Aug 5, 2020 12:58:35 PM
IPO Mentor IPO Mentor (700+ Posts, 200+ 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 |Aug 3, 2020 2:39:12 PM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Don't go by nii bids. All are bogus bids.
3.1. PRAFULDURAI |Aug 4, 2020 8:45:16 PM
Yes U are 100 % correct.
3.2. PRAFULDURAI |Aug 4, 2020 8:46:07 PM
Put your amount in the bank. Atleast U will ge t bank int
2. atul |Aug 1, 2020 10:58:03 PM
Top Contributor Top Contributor (200+ Posts)
Do not invest.just loot only.
1. GoodKeep |Jul 29, 2020 8:42:22 PM
Anyone from Pune!
Two property (one 1 BHK apartment complex and another commercial complex). Valuation seems high.
Any comment from real estate experts.