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Suraj Estate Developers Ltd
Suraj Estate Developers Ltd
Registered Office : 301 3rd Floor Aman Chambers,V S Marg Opp.Bengal Chemicals,Mumbai Maharashtra 400025 Phone : 91-22-4015 4746/+91-22 4015 4764
Fax :
Email : suraj@surajestate.com
Website : www.surajestate.com
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
Opens On
Closes On
18-Dec-2023
20-Dec-2023
Application
Allotment
360.00
0.00
Minimum Application for shares in Nos : 41.0 Further Multiples of : 41.0
₹Cr
Lead Managers to the Issue
Project Cost (₹.Cr)
Project Financed through Current Offer (₹.Cr)
Post Issue Equity Share Capital (₹.Cr)
Issue Price (₹.Cr)
364.73
400.00
22.18
360.00
Anand Rathi Advisors Ltd
ITI Capital Ltd
- 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
- Rajan Meenathakonil Thomas
- BSE
- NSE
- MUFG Intime India Pvt Ltd