Suraj Estate Developers Ltd. IPO

The company is involved in the real estate business since 1986. It develops real estate across the residential and commercial sectors in the South Central Mumbai region.

RHP
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DRHP
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Open Date

2023-12-18

Close Date

2023-12-20

Suraj Estate Developers Ltd. IPO Details

Check out the issue details for Suraj Estate Developers Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 360

Price Band

₹ 340 - 360

Issue Size

400 Cr.

Issue Type

Book Built

Open

2023-12-18

Close

2023-12-20

Listingprice

₹ 340

ListingGain

-5.56%

Listing Date

2023-12-26

CMP

₹ 680.55

Current Return

89.04%

Company Financials

You can get the following financial statements of Suraj Estate Developers Ltd. as of now.

The details about the Suraj Estate Developers IPO is as:

  • The issue size of the Suraj Estate Developers IPO is 400 Cr.
  • The price band for Suraj Estate Developers IPO is Rs 340 to Rs 360.
  • The shares of Suraj Estate Developers IPO will list on 26th December 2023.
  • The latest tentative GMP of Suraj Estate Developers IPO is Rs 70.
  • The shares of Suraj Estate Developers IPO is subscribed 16.36 Times as of 4:23 pm, 20th December 2023. 

 

Suraj Estate Developers IPO Valuation

The approx valuation of Suraj Estate Developers IPO company based on its price band and RHP (prospectus) is: 

Particulars Value
Upper Price Band Rs 360
Existing Shares (Qty) 3.32 Cr
Fresh Issue 400 Cr
Market Cap 1595.2 Cr
EPS (FY23) Rs 10.10
PE Ratio 35.64x
Industry PE 668.83x

  

Suraj Estate Developers IPO Issue Size

Suraj Estate Developers IPO issue size is Rs 400 Cr. 

Issue Amount
Fresh Issue 400 Cr
Offer For Sale 0 Cr

 

Suraj Estate Developers IPO Market Lot

An Individual can apply for a minimum 1 lot of 41 shares and a maximum of 13 lots of 533 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 41 Rs 14,760
 Maximum 13 533 Rs 1,91,880

 

Suraj Estate Developers IPO share offer

The shares of Suraj Estate Developers IPO is subscribed 16.36 Times as of 4:23 pm, 20th December 2023. The category-wise shares subscribed are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 25.74 Times
Non-Institutional Minimum 15% 19.93 Times
Retail Individual Minimum 35% 9.47 Times
Total   16.36 Times

 

Find below the dates for Suraj Estate Developers IPO:

Schedule Date
Basis of Allotment 21 December 2023
Refunds 22 December 2023
Credit to Demat Account 22 December 2023
IPO Listing Date 26 December 2023

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 58.04 164.25 204.43 246.01 370.8
Total Expenditure 12.18 95.97 116.06 108.94 212.77
Operating Profit 45.86 68.28 88.38 137.07 158.03
Other Income 1.03 2.03 1.16 1.11 16.06
Interest 44.55 59.34 66.86 85.23 73.24
Depreciation 0.92 2.38 2.22 1.86 2.28
Exceptional Items 0 0 0 0 0
Profit Before Tax 1.42 8.59 20.45 51.09 98.56
Provision for Tax 0.46 2.47 5.58 13.13 27.18
Net Profit 0.95 6.12 14.88 37.96 71.38
Adjusted EPS (Rs.) 0.03 0.18 0.45 1.14 1.61

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 6.65 6.65 16.63 16.63 22.18
Total Reserves 9.37 14.65 19.61 57.62 501.63
Borrowings 272.58 283.98 242.44 286.03 215.3
Other N/C liabilities -0.2 4.55 4.78 4.57 11.07
Current liabilities 195.44 179.79 279.74 398.41 424.68
Total Liabilities 483.83 489.62 563.2 763.25 1174.86
Assets
Net Block 4.82 6.98 4.91 3.8 26.87
Capital WIP 0 0 0 0 0
Intangible WIP 0 0 0 0 0
Investments 8.25 9.35 24.82 24.82 25.6
Loans & Advances 1.94 0.76 0.76 0.84 258.1
Other N/C Assets 0 1.94 3.67 21.75 5.25
Current Assets 468.83 470.6 529.04 712.05 859.04
Total Assets 483.83 489.62 563.2 763.25 1174.86
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Other Income 0.28 0.16 15.26 8.22 9.54
Profit Before Tax 25.86 21.91 19.24 43.42 44.43
Tax 6.87 5.4 6.94 10.95 12.09
Profit After Tax 18.99 16.51 12.31 32.47 32.34
Adjusted EPS (Rs) 5.71 3.72 2.77 7.32 7.29

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 74.95 0
Jun 2024 74.95 0
Mar 2024 74.95 0
Dec 2023 74.95 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations 1.42 8.59 20.45 51.09 98.56
Adjustment 45.19 60.48 67.51 83.77 74.29
Changes in Assets & Liabilities -83.29 -25.65 -31.54 -32.19 -312.96
Tax Paid -1.31 -0.71 -3.51 -2.09 -16.25
Operating Cash Flow -37.98 42.7 52.91 100.58 -156.36
Investing Cash Flow -6.94 4.01 -17.95 -26.58 -90.21
Financing Cash Flow 42.55 -47.16 -33.68 -65.22 239.63
Net Cash Flow -2.37 -0.45 1.28 8.78 -6.94
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