Suyog Gurbaxani Funicular Ropeways IPO is all set to make its debut on 16th Nov 21 with 18.9 Cr is engaged in the business of supplying bulk and packed bitumen as well as other bituminous products.
Suyog gurbaxani funicular ropeways IPO – overview
| IPO Dates | 1-8 Nov 2021 |
| IPO Price | INR 45 per share |
| Fresh issue | 1500,000 shares (INR 6.75 crore) |
| Offer For Sale | Nil |
| Total IPO size | 6555,000 shares (INR 29.50 crore) |
| Minimum bid (lot size) | 3000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | BSE Emerge |
Suyog gurbaxani funicular ropeways IPO – Tentative Dates
| IPO Offer Opening Date | 1 Nov 2021 |
| IPO Closing Date | 08 Nov 2021 |
| Finalization of Basis of Allotment | 11 Nov 2021 |
| Initiation of refunds | 12 Nov 2021 |
| Transfer of shares to demat accounts | 15 Nov 2021 |
| IPO Listing Date | 16 Nov 2021 |
| Opening Price on BSE SME | Coming soon |
| Closing Price on BSE SME | Coming soon |
Company Overview
Incorporated in 2010, Suyog Gurbaxani Funicular Ropeways Limited is an infrastructure development & constructions company engaged in building & operating the Funicular Ropeways Systems. The company currently employs a Build, Operate, and Transfer Mode (BOT) for its business operations.
They have completed the construction of a Funicular Ropeway System project (also known as Incline Ropeways) at Saptashrungi Gad Temple situated at Vani, Nashik, Maharashtra. The project consists of a Funicular Ropeway System consisting of 2 Air Conditioner funicular vehicles/coaches which can carry 60 passengers at a time. A shopping mall with 50 shops, along with a parking lot with a capacity of more than 150 vehicles including four-wheelers and two-wheelers has also been constructed. In this project, the company also constructed a hotel with 28 guest rooms & dormitories, a multi-cuisine restaurant, and a coffee shop. The project spreads over an area of approximately 10 acres. The possession of this project is available with the company till 2034, after which it will be handed over to the Government of Maharashtra.
As of March 31, 2021, the company employs 205 people, including Key Managerial Personnel, Executive Directors, employees in head office, and employees at our Saptashrungi Gad temple project. They also hire casual and temporary contract labor from time to time.
Industry Overview
A well-functioning, modern infrastructure is central to economic development and to quality of life. From the roads and railways needed to transport people and goods, to the power plants and communications networks that underpin economic and household activity, to the basic human need for clean water and sanitation, infrastructure matters to people and businesses everywhere.
This has made it difficult to predict how, where and when investment is most needed. Over the last year or so we have been working with the Global Infrastructure Hub to address this knowledge gap. Our study seeks to estimate how much the world needs to spend on infrastructure in the years to 2040, and in which countries and sectors this investment will be required. The granularity the study provides is unique: it collates data and creates forecasts for seven sectors in 50 countries, over a period of 25 years. We estimate global infrastructure investment needs to be $94 trillion between 2016 and 2040. This is 19 percent higher than would be delivered under current trends and is an average of $3.7 trillion per year. To meet this investment need, the world will need to increase the proportion of GDP it dedicates to infrastructure to 3.5 percent, compared to the 3.0 percent expected under current trends.
Competitive Strengths:
- In-house capabilities to provide end-to-end solutions for BOT Ropeway projects.
- Goodwill with various leading banks and financial institutions for raising funds.
- Cordial relationship with various departments of Government Maharashtra.
- Efficient Business Model.
- Focus on promotion of tourism.
Objectives of the issue
- Repayment of loans
- Augmenting additional working capital requirements
- General corporate purposes
Company Financials
| Particulars | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 |
| Total Assets | 861.96 | 887.12 | 941.05 |
| Total Revenue | 44.77 | 131.92 | 79.06 |
| Profit After Tax | 79.34 | 18.81 | 34.84 |
Company Contact Information
Suyog Gurbaxani Funicular Ropeways Limited
18, Suyog Industrial Estate,
1st Floor, LBS Marg, Vikhroli West,
Mumbai – 400 083
Phone: +91 – 22 – 2579 5516
Email: investor@sgfrl.com
Website: http://sgfrl.com/
Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: sgfrl.ipo@kfintech.com
Website: https://karisma.kfintech.com/
Lead Manager(s)
- Aryaman Financial Services limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
