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Suraj Estate Developers Limited IPO

Suraj Estate Developers Limited IPO was engaged in a major residential portfolio located in the markets of Mahim, they are in the top ten list of developers when it comes to providing homes, and they secured the first position with a 15.92% market share. Additionally, in terms of people choosing their homes, they are again leading the pack among the top ten developers with a 16.99% market share. They forefront in delivering 1BHK and 2BHK units, according to the commissioned Anarock Report. Specifically, they offer 1BHK apartments with carpet areas spanning 300 to 500 square feet and compact 2BHK residences ranging from 500 to 800 square feet. Apart from their residential projects, they have successfully built various commercial real estate ventures and mixed-use developments. They have completed and sold corporate offices to notable clients like Saraswat Cooperative Bank Limited in Prabhadevi and Clearing Corporation of India Limited in Dadar.

Company Promoters:

·  Rajan Meenathakonil Thomas

Objects of this Issue:

·  Repayment/Prepayment of the aggregate outstanding borrowings of their Company and their Subsidiaries, Accord Estates Private Limited and Iconic Property Developers Private Limited
·  Acquisition of land or land development rights
·  General corporate purposes

Financial Information of the Company:

	Amount in Million (Rs.)
	As on 31 Mar 2023	As on 31 Mar 2022	As on 31 Mar 2021
Total Assets	9,425.80	8,639.98	7,920.01
Total Liabilities	8,710.67	8,246.17	7,626.36
Net Profit	320.64	265.04	62.77

Suraj Estate Developers Limited IPO Schedule

1.     Bid or Offer Opens on: 18 December 2023

2.     Bid or Offer Closes on: 20 December 2023
3.     Finalization of BoA: 21 December 2023
4.     Initiation of Refunds: 22 December 2023
5.     Credit of share to Demat account: 22 December 2023
6.     Listing Date: 26 December 2023

Suraj Estate Developers Limited IPO Lot Size

Market lot size of the SURAJ ESTATE DEVELOPERS LIMITED IPO is 1 share. Minimum and Maximum order quantity is as follows:

Company Contact Details:

Suraj Estate Developers Limited IPO

301, 3rd Floor, Aman Chambers, Veer Savarkar Marg, Opp.

Bengal Chemicals, Prabhadevi, Mumbai 400025,

Maharashtra, India

Phone: +91 22 2437 7877

Email:  suraj@surajestate.com

Website:  www.surajestate.com

Suraj Estate Developers Limited IPO Registrar Details:

LINK INTIME INDIA PRIVATE LIMITED

C – 101, 247 Park, 1st Floor, L.B.S. Marg, Vikhroli (West),

Mumbai 400083, Maharashtra, India

Phone:  +91 810 811 4949

Email:  surajestate.ipo@linkintime.co.in

Website: www.linkintime.co.in