Issue Price
₹15
Per Share
GMP
NIL
Grey Market
Est. Listing
₹15
Expected Price
Min. Application
₹240,000
2 lots × 8000 shares
Incorporated in 2008, Suratwwala Business Group Ltd is a real estate development company developing commercial and residential projects in Pune District. The company focusses on the development, sale, and maintenance business of properties. Suratwwala also provides the space on rent for banners, hoardings, and towers on buildings and unsold space for a particular time duration.The company has completed one residential projet of 16 one BHK Apartments and one commercial project named Suratwwala Mark Plazzo - Phase I in Pune district. The company is working on Phase II of the commercial project.A major portion of the revenue of the company is derived from the development of real estate projects. The project of the company includes both affordable housing and premium housing developments. For maintenance business, Suratwwala Business charges fees from the owners of the units of each project.Competitive Strengths1. Diversified Business Model2. Strong presence in Pune district3. Land identification capabilities and strong execution
Suratwwala Business Group Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 240,000 | — | ₹0.36 Cr | — |
| TOTAL | 4,600,000 | 100.00% | ₹6.90 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 8,000 | ₹120,000 |
| Retail (Max) | 13 | 104,000 | ₹1,560,000 |
| sNII (Min) | 14 | 112,000 | ₹1,680,000 |
| bNII (Min) | 68 | 544,000 | ₹8,160,000 |
| Particulars | 31-March-20 | 31-Mar-19 | 31-Mar-18 |
|---|---|---|---|
| Revenue from Operations | 1088.35 | 912.62 | 1119.91 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 32.46 | 85.86 | 296.49 |
| Net Worth | N/A | N/A | N/A |
| Total Assets | 5390.82 | 4487.52 | 3129.14 |
| Reserves & Surplus | N/A | N/A | N/A |
| Total Borrowings | N/A | N/A | N/A |