Suratwwala Business IPO Details
Suratwwala Business IPO description – Suratwwala Business Group is a real estate development company primarily focusing on residential and commercial projects in Pune. Its business activities comprises of development and sale of residential as well as commercial properties and the maintenance of the properties. Apart from the development and maintenance business, the company also focuses on providing the space on rent such as renting for mobile tower, hoardings and banners on building or renting of the unsold space for short durations.
The company has so far completed one commercial and one residential project, both of which are located in the Pune district. Its commercial project, named Suratwwala Mark Plazzo – Phase I, located in Hinjawadi, Pune is built on land area of 4525 sq. mts. and comprises of 9 floors having space for 95 offices, 5 Multipurpose showrooms which can be used as restaurant, shops or showrooms and one roof top restaurant. The company is now in process to develop Phase II of the commercial project.
Suratwwala Sweet 16 was the first real estate project undertaken by the company and it was completed in June 2010. The project includes 16 1BHK apartments which are available in size of saleable area of around 678 sq. ft to 712 sq. ft. The total land area of the project is 870 sq. mtrs.
Promoters of Suratwwala Business – Mr Jatin Dhansukhlal Suratwala and Mr Manoj Dhansukhlal Suratwala
| Suratwwala Business IPO details | |
| Subscription Dates | 3 – 5 August 2020 |
| Price Band | INR15 per share |
| Fresh issue | 4,600,000 shares (INR6.90 crore) |
| Offer For Sale | Nil |
| Total IPO size | 4,600,000 shares (INR6.90 crore) |
| Minimum bid (lot size) | 8,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME platform |
|
Suratwwala Business Group’s financial performance (in INR crore) |
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| FY2017 | FY2018 | FY2019 | 10M FY2020 | |
| Revenue | 16.58 | 11.20 | 9.13 | 4.84 |
| Expenses | 13.26 | 6.93 | 7.82 | 4.77 |
| Net income | 2.14 | 2.84 | 0.86 | 0.04 |
Registrar of Suratwwala Business IPO
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg,
Vikhroli (West) Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]
Website:Â http://www.linkintime.co.in
Valuation of Suratwwala Business IPO (FY2019)
Earnings Per Share (EPS): INR9.49Â Price/Earnings (PE ratio): 1.58Â Return on Net Worth (RONW): 8.78% Net Asset Value (NAV): INR10.82 per share
Suratwwala Business IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 |
0.47 |
| Day 2 |
0.85 |
| Day 3 |
1.31 |
Suratwwala Business Group Contact Details
Suratwwala Business Group Limited
S. No. 4/38, Sumangal, First Floor, Sahakar Colony behind SBI,
Off Karve Road, Erandwane,
Pune, 411004
Phone: 020-2543439
Email: [email protected]
Website: www.suratwwala.co.in
Suratwwala Business IPO Allotment Status
Suratwwala Business Group’s IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.
Listing Performance of Suratwwala Business Group
IPO Opening Date: 3 August 2020
IPO Closing Date: 5 August 2020
Listing Date: 13 August 2020Â
Opening Price on BSE SME: INR15.45 per share (up 3% from IPO price)Â
Closing Price on BSE SME: INR16.22 per share (up 8.13% from IPO price)
