Suratwwala Business IPO Details

Suratwwala Business IPOSuratwwala 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)

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]

Valuation of Suratwwala Business IPO (FY2019)

Earnings Per Share (EPS): INR9.49  Price/Earnings (PE ratio): 1.58  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)
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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]

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 2020 
Opening Price on BSE SME: INR15.45 per share (up 3% from IPO price) 
Closing Price on BSE SME: INR16.22 per share (up 8.13% from IPO price)


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