Suratwwala Business Group Ltd a real estate development business creating both commercial and residential developments in Pune District, was established in 2008. The creation, sale, and management of real estate are the company’s primary business endeavours. Moreover, Suratwwala offers space on buildings and unsold area for hire for banners, hoardings, and towers for a set period of time.
In the Pune district, the company has finished two projects: Suratwwala Mark Plazzo – Phase I, a commercial building, and a residential project with 16 one-bedroom apartments. The business is completing Phase II of the project.
The company’s primary source of income is the development of real estate projects. The company’s project consists of both market-rate and luxury housing complexes. The owners of the apartments in each complex are charged fees by Suratwwala Company for its maintenance services.
Suratwwala Business IPO Details
| IPO Date | Aug 3, 2020 to Aug 5, 2020 |
| Listing Date | Thursday, August 13, 2020 |
| Face Value | ₹10 per share |
| Price | ₹15 per share |
| Lot Size | 8000 Shares |
| Issue Size | 4,600,000 shares of ₹10 (aggregating up to ₹6.90 Cr) |
| Market Maker portion | 240,000 shares |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| P/E (x) | 83 |
| Market Cap (₹ Cr.) | 26.01 |
| Company Promoters | The company’s promoters are Mr. Manoj Dhansukhlal Suratwala and Mr. Jatin Dhansukhlal Suratwala. |
Suratwwala Business IPO Tentative Dates
| Event | Tentative Date |
| Opening Date | Aug 3, 2020 |
| Closing Date | Aug 5, 2020 |
| Basis of Allotment | Aug 10, 2020 |
| Initiation of Refunds | Aug 11, 2020 |
| Credit of Shares to Demat | Aug 12, 2020 |
| Listing Date | Aug 13, 2020 |
Company Financials
| Summary of financial Information (Restated) | |||||
| Particulars | For the year/period ended (Rs in Lakhs) | ||||
| 31-March-20 | 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | ||
| Total Assets | 5,390.82 | 4,487.52 | 3,129.14 | 2,752.49 | |
| Total Revenue | 1,088.35 | 912.62 | 1,119.91 | 1,657.82 | |
| Profit After Tax | 32.46 | 85.86 | 296.49 | 214.38 |
Objects of the Issue
The company intends to utilize the proceeds of the Issue to meet the following objectives:
1. To meet Working Capital requirements
2. General Corporate Purpose
3. To meet issue expenses
Suratwwala Business IPO Prospectus
Company Contact Information
Suratwwala Business Group Ltd
S. No. 4/38, Sumangal, First Floor,
Sahakar Colony behind SBI, Off Karve Road,
Erandwane, Pune, 411004, Maharashtra
Phone: +91 020 25434392
Email: cs@suratwwala.co.in
Website: http://www.suratwwala.co.in/
Suratwwala Business IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: sbgl.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Suratwwala Business IPO Lead Manager(s)
- Hem Securities Limited (Past IPO Performance)
