Suraj Estate Developers Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

Suraj Estate Developers Ltd IPO
Registered Office: 301 3rd Floor Aman Chambers,V S Marg Opp.Bengal Chemicals , Mumbai - 400025 , Maharashtra , India. Phone : 91-22-4015 4746/+91-22 4015 4764 Fax: Email : suraj@surajestate.com Website : www.surajestate.com
Initial public offering of 11,111,111^ equity shares of face value (Rs)5 each ("Equity Shares") of Suraj Estate Developers Limited ("The Company" or the "Issuer") for cash at a price of (Rs)360 per equity share (including a securities premium of (Rs)355 per equity share) ("Issue Price"), aggregating to (Rs)400.00 crores^ (the "Issue"). The issue constitutes 25.05% of the post-issue paid-up equity share capital of the company. The face value of equity shares is (Rs)5 each. The issue price is 72 times the face value of the equity shares. ^Subject to finalization basis the allotment

Issue		Money Payable On
Opens On	Closes On	Application	Allotment
18-Dec-23	20-Dec-23	(Rs)360.00-0.00	(Rs)0.00-0.00
Minimum Application for shares in Nos :41 Further Multiples of :41

(Rs Cr)

Lead Managers to the Issue

Project Cost

364.73

Anand Rathi Advisors Ltd

Project Financed through Current Offer

400.00

Post Issue Equity Share Capital

22.18

Issue Price

(Rs)360.00

Projects

Repayment/prepayment of the aggregate outstanding borrowings of the company and the company subsidiary, Accord Estates Pvt Ltd, Iconic Property Developers Pvt Ltd and Skyline Realty Pvt Ltd	General corporate purposes
Acquisition of land or land development rights

Promoted By
Rajan Meenathakonil Thomas

Listing At
BSE
NSE

Registrar to the Issue

MUFG Intime India Pvt Ltd