Business Standard

Suraj Estate Developers Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

400.00 cr

Price Range (₹)

360

Lot Size

41

Min Investment (₹)

14,760.00

Listing Exchange

MumbaiNSE

Open Date

18-Dec-2023

Close Date

20-Dec-2023

Listing Date

26-Dec-2023

Suraj Estate Developers Ltd News

    The Shares of Suraj Estate Developers Ltd have now been listed.

    Suraj Estate Developers Ltd IPO Details

    Initial public offering of 11,111,111^ equity shares of face value Rs. 5 each (Equity Shares) of Suraj Estate Developers Limited (The Company or the Issuer) for cash at a price of Rs. 360 per equity share (including a securities premium of Rs. 355 per equity share) (Issue Price), aggregating to Rs. 400.00 crores^ (the Issue). The issue constitutes 25.05% of the post-issue paid-up equity share capital of the company. The face value of equity shares is Rs. 5 each. The issue price is 72 times the face value of the equity shares.^Subject to finalization basis the allotment

    Objective of issue

    Repayment/prepayment of the aggregate outstanding borrowings of the company and the company subsidiary, Accord Estates Pvt Ltd, Iconic Property Developers Pvt Ltd and Skyline Realty Pvt Ltd. Acquisition of land or land development rights. General corporate purposes.

    Suraj Estate Developers Ltd Contact Details

    Suraj Estate Developers Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

    Phone - 91-22-49186000

    Fax - 91-22-49186060

    Email - suraj@surajestate.com

    Website - www.surajestate.com