247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

Suraj Estate Developers Limited IPO (Suraj Estate Developers IPO) Details

Suraj Estate Developers Limited is an Real Estate based company, located in Mumbai, Suraj Estate Developers Limited IPO size was 400.00 Cr. and was issued at 360.00 per share. The share of Suraj Estate Developers Limited were listed at 334.30 per share and are currently trading at 518.70 per share.

Type :
Sub Sector : Specializes In Redevelopment Of Residential And Commercial
MainBoard IPO

Financial Summary (at the time of ipo, on annualised basis)

Revenue :
411.24 Cr.

PAT :
58.12 Cr.

Pricing Report

Issue Price :
360.00

Listing Price :
334.30

Current Market Price :
518.70

Issue Price vs CMP :
158.7 (44.08%)

listing Price vs CMP :
184.4 (55.16%)

Performance Report (CAGR* wise)

CAGR : 40.5
-ve 0 6 9 12+
Above Average

*CAGR is calculated basis issue price at the time of IPO and Current Market Price without taking into Consideration Bonus/Right issue.

About Suraj Estate Developers

Company Information
Suraj Estate Developers Limited has a major residential portfolio located in the markets of Mahim, Dadar, Prabhadevi, and Parel, which are sub-markets of the South Central Mumbai micro market where it has established its presence and is one of the market leaders in these locations (Source: Company Commissioned Anarock Report). It is among the top ten developers as per supply (in number of units), ranking first with 15.92% market share. Additionally, it is also among the top ten developers as per absorption (in number of units), ranking first with 16.99% market share (Source: Company Commissioned Anarock Report). The company has been involved in the real estate business since 1986, developing real estate across the residential and commercial sectors in the South Central Mumbai region. It
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Object of Issue
  • Repayment/Prepayment of the aggregate outstanding borrowings of the company and its subsidiaries, Accord Estates Private Limited and Iconic Property Developers Private Limited
  • Acquisition of land or land development rights
  • General corporate purposes

Suraj Estate Developers MainBoard IPO Details (at the time of IPO)

IPO Type :
Book Building
IPO Date :
Dec, 2023
IPO Size :
400.00 Cr.
Market Cap :
1597.00 Cr.   
IPO Subscription :
16.57 X     
PE Multiple :
15.33
Merchant Banker :
Anand Rathi Securities Limited
IPO Registrar:
Link Intime India Private Limited

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FAQs

Suraj Estate Developers operates in Real Estate and Specializes In Redevelopment Of Residential And Commercial. The Issue is listed on MainBoard in Dec, 2023. Suraj Estate Developers IPO size was 400.00 Cr. with Issue price of 360.00 .

Merchant Banker(s) of Suraj Estate Developers IPO: Anand Rathi Securities Limited , Iti Capital Limited

Suraj Estate Developers IPO subscription was 16.57 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Suraj Estate Developers IPO listed at a listing price of 334.30 against the offer price of 360.00.

The current market price of Suraj Estate Developers is 518.70.

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