SGFRL IPO

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 Dates1 – 8 November 2021
Price BandINR45 per share
Fresh issue15,00,000 shares (INR6.75 crore)
Offer For Sale50,55,000 shares (INR22.75 crore)
Total IPO size65,55,000 shares (INR29.50 crore)
Minimum bid (lot size)3,000 shares
Face Value INR10 per share
Retail Allocation50%
Listing OnBSE Emerge SME platform

SGFRL’s Financial Performance (in INR lakh)

 FY2019FY2020FY2021Q1 FY2022
Revenue790.71,319.3447.80.11
Expenses1,139.11,507.41,241.2232.4
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

DateSGFRL IPO GMPKostakSubject to Sauda

SGFRL IPO Subscription Details (no. of times)

CategoryNon-retailRetailTotal
Shares Offered32,77,500 32,77,50065,55,000
Day 11.090.060.57
Day 21.380.110.75
Day 31.820.170.99
Day 41.970.551.26

Suyog Gurbaxani Funicular Ropeways IPO Registrar

KFin Technologies Private Limited 
Selenium Tower B, Plot 31-32, Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222 
Fax:
 +91 40 2343 1551
Email: [email protected]
Website: www.kfintech.com


Suyog Gurbaxani Funicular Ropeways IPO Contact Details

18, Suyog Industrial Estate, 1st Floor
LBS Marg, Vikhroli West,Mumbai – 400 083
Phone: +91 22 2579 5516
Email: [email protected]
Website: 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.

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