Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
Suratwwala Business Group IPO is a fixed price issue of ₹6.90 crores. The issue is entirely a fresh issue of 0.46 crore shares of ₹6.90 crore.
Suratwwala Business Group IPO bidding started from Aug 3, 2020 and ended on Aug 5, 2020. The allotment for Suratwwala Business Group IPO was finalized on Aug 10, 2020. The shares got listed on BSE SME on Aug 13, 2020.
Suratwwala Business Group IPO price is ₹15.00 per share . The lot size for an application is 8,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (8000 shares). The minimum lot size investment for HNI is 2 lots (16,000 shares), amounting to ₹2,40,000.
Hem Securities Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Hem Securities Ltd..
Refer to Suratwwala Business Group IPO RHP for detailed Information.
| IPO Date | August 3, 2020 to August 5, 2020 |
| Listing Date | August 13, 2020 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹15 per share |
| Lot Size | 8,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 46,00,000 shares (aggregating up to ₹6.90 Cr) |
| Reserved for Market Maker | 2,40,000 shares Hem Securities Ltd. (aggregating up to ₹0.3600 Cr) |
| Net Offered to Public | 43,60,000 shares (aggregating up to ₹6.54 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,27,41,644 shares |
| Share Holding Post Issue | 1,73,41,644 shares |
Suratwwala Business IPO offers total 46,00,000 shares. Out of which 21,76,000 (47.30%) allocated to NII, 21,84,000 (47.48%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,40,000 (5.22%) |
| NII (HNI) Shares Offered | 21,76,000 (47.30%) |
| Retail Shares Offered | 21,84,000 (47.48%) |
| Total Shares Offered | 46,00,000 (100.00%) |
Suratwwala Business Group IPO opens on August 3, 2020, and closes on August 5, 2020.
| IPO Open Date | Mon, Aug 3, 2020 |
| IPO Close Date | Wed, Aug 5, 2020 |
| Tentative Allotment | Mon, Aug 10, 2020 |
| Initiation of Refunds | Tue, Aug 11, 2020 |
| Credit of Shares to Demat | Wed, Aug 12, 2020 |
| Tentative Listing Date | Thu, Aug 13, 2020 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Aug 5, 2020 |
Investors can bid for a minimum of 8,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 8,000 | ₹1,20,000 |
| Retail (Max) | 1 | 8,000 | ₹1,20,000 |
| HNI (Min) | 2 | 16,000 | ₹2,40,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 Strengths
1. Diversified Business Model
2. Strong presence in Pune district
3. Land identification capabilities and strong execution
| 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 | |
The market capitalization of Suratwwala Business Group IPO is ₹26.01 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 83 |
The Company Suratwwala Business Group IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | To meet Working Capital requirements | 5.60 |
| 2 | General Corporate Purpose | 0.61 |
[Dilip Davda] Financial data is very poor against asking price. The issue is exorbitantly priced. This sector is currently under pressure with declining demands. Considering all these parameters, there is no harm in giving this issue a miss. Read detail review...
| Listing Date | August 13, 2020 |
| BSE Script Code | 543218 |
| NSE Symbol | |
| ISIN | INB05ST01010 |
| Final Issue Price | ₹15 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹15.00 |
| Open | ₹15.45 |
| Low | ₹15.45 |
| High | ₹16.22 |
| Last Trade | ₹16.22 |
Suratwwala Business Group Ltd.
S. No. 4/38, Sumangal, First Floor
Sahakar Colony behind SBI, Off Karve Road
Erandwane
Pune, Maharashtra, 411004
Phone: +91 020 25434392
Email: cs@suratwwala.co.in
Website: http://www.suratwwala.co.in/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: sbgl.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Suratwwala Business Group IPO is a SME IPO of 46,00,000 equity shares of the face value of ₹10 aggregating up to ₹6.90 Crores. The issue is priced at ₹15 per share. The minimum order quantity is 8000.
The IPO opens on August 3, 2020, and closes on August 5, 2020.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Suratwwala Business Group IPO using UPI as a payment gateway. Zerodha customers can apply in Suratwwala Business Group IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Suratwwala Business Group IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Suratwwala Business Group IPO opens on August 3, 2020 and closes on August 5, 2020.
Suratwwala Business Group IPO lot size is 8000, and the minimum amount required for application is ₹1,20,000.
You can apply in Suratwwala Business Group IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Suratwwala Business Group IPO will be done on Monday, August 10, 2020, and the allotted shares will be credited to your demat account by Wednesday, August 12, 2020. Check the Suratwwala Business Group IPO allotment status.
The Suratwwala Business Group IPO listing date is on Thursday, August 13, 2020.
Useful Articles
RHP