Suyog Gurbaxani Funicular Ropeways Limited IPO (SGFRL IPO) description – The company is engaged in building & operating the Funicular Ropeways Systems. It is currently involved in an Infrastructural Development project through a Build, Operate and Transfer mode (BOT) wherein, it has completed the construction of a Funicular Ropeway System project (also known as Incline Ropeways) at Saptashrungi Gad Temple situated at Vani, Nashik, Maharashtra. This project is spread over in an area of 10 acres, which houses the funicular ropeway system, a shopping mall, a parking facility and a hotel facility. The possession of this project is available with the company till 2034.
This project is country’s first funicular ropeway trolley system. The Government of Maharashtra, through the PWD Nashik, initiated the process to building a funicular ropeway in the year 2008-09 with an aim to encourage tourism. In the year 2009-10, the project was awarded to the company.
The system consists of 2 Air Conditioner funicular vehicles/coaches which can carry 60 passengers/devotees at a time. The project also includes a shopping complex of more than 50 shops, a parking facility with a capacity of over 150 vehicles, and a hotel which houses 28 guest rooms & dormitories, a multi cuisine restaurant and a coffee shop.
Promoters of Suyog Gurbaxani Funicular Ropeways – Mr. Rajkumar Gurbaxani, Mr. Omprakash Gurbaxani and Mr. Shivshankar Lature
SGFRL IPO details
| Subscription Dates | 1 – 8 November 2021 |
| Price Band | INR45 per share |
| Fresh issue | 15,00,000 shares (INR6.75 crore) |
| Offer For Sale | 50,55,000 shares (INR22.75 crore) |
| Total IPO size | 65,55,000 shares (INR29.50 crore) |
| Minimum bid (lot size) | 3,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE Emerge SME platform |
SGFRL’s Financial Performance (in INR lakh)
| Â | FY2019 | FY2020 | FY2021 | Q1 FY2022 |
| Revenue | 790.7 | 1,319.3 | 447.8 | 0.11 |
| Expenses | 1,139.1 | 1,507.4 | 1,241.2 | 232.4 |
| Net income | (348.4) | (188.1) | (793.4) | (232.3) |
SGFRL IPO News
Suyog Gurbaxani Funicular Ropeways IPO Prospectus
SGFRL Valuation (as of FY2021)
Earnings Per Share (EPS): (INR3.91)
Price/Earnings (PE ratio): NA
Return on Net Worth (RONW): (113.58%)
Net Asset Value (NAV): INR3.44 per share
SGFRL IPO GMP Daily Trend
| Date | SGFRL IPO GMP | Kostak | Subject to Sauda |
SGFRL IPO Subscription Details (no. of times)
| Category | Non-retail | Retail | Total |
| Shares Offered | 32,77,500 | 32,77,500 | 65,55,000 |
| Day 1 | 1.09 | 0.06 | 0.57 |
| Day 2 | 1.38 | 0.11 | 0.75 |
| Day 3 | 1.82 | 0.17 | 0.99 |
| Day 4 | 1.97 | 0.55 | 1.26 |
Suyog Gurbaxani Funicular Ropeways IPO Registrar
KFin Technologies Private LimitedÂ
Selenium Tower B, Plot 31-32, Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana
Phone:Â +91 40 6716 2222Â
Fax:Â +91 40 2343 1551
Email:Â [email protected]
Website:Â www.kfintech.com
Suyog Gurbaxani Funicular Ropeways IPO Contact Details
18, Suyog Industrial Estate, 1st Floor
LBS Marg, Vikhroli West,Mumbai – 400 083
Phone:Â +91 22 2579 5516
Email:Â [email protected]
Website:Â www.sgfrl.com
SGFRL Offer Allotment Status
SGFRL IPO allotment is now available on KFin Technologies’ website. Click on this link to get allotment status.
SGFRL IPO Timetable
IPO Opening Date: 1 November 2021
IPO Closing Date: 8 November 2021
Finalisation of Basis of Allotment: 11 November 2021
Initiation of refunds: 12 November 2021
Transfer of shares to demat accounts: 15 November 2021
Listing Date: 16 November 2021
Opening Price on BSE: INR45.45 per share (up 1.0% from IPO price)
Closing Price on BSE: INR45.10 per share (up 0.22% from IPO price)
SGFRL IPO FAQs
What are investors portions in SGFRL IPO?
Retail investors are entitled to get 50% of the shares while the other 50% shares are reserved for individual applicants other than retail investors and corporate bodies or institutions.
How to Apply in SGFRL IPO?
The best way to apply in SGFRL IPO is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is SGFRL IPO size?
SGFRL offer size is INR29.5 crores.
What is SGFRL IPO Price Band?
SGFRL IPO Price is INR45 per share.
What is the lot size of SGFRL IPO?
SGFRL offer lot size and the minimum order is 3,000 shares.
