Suraj Estate Developers is into Real Estate Developer and is looking raise funds through Fresh Issue
Suraj Estate Developers IPO Update:
Suraj Estate Developers Limited IPO: Mumbai based Suraj Estate Developers Limited established in the year 1986 and is into Real Estate - Construction sector.
Company is promoted by Rajan Meenathakonil Thomas. Pre-Offer Promoter and Promoter group stake in the company is 100.%.
Suraj Estate Developers Limited has filed Red Herring Prospectus (RHP) for proposed initial public offer (IPO). Total issue size is INR Crores calculated on upper price band (face value of INR 5 per share) via initial public offering.
Initial Public Offer comprising of a Fresh Issue of Equity shares up to Rs. 400 crores. ITI Capital, Anand Rathi Advisors have been appointed as lead merchant bankers for the proposed IPO. It has appointed Link Intime (India) Pvt. Ltd. as Registrar and Share transfer Agent.
Details about upcoming IPO:
As per the details available in RHP, Price band is Rs 340 to Rs 360 with lot size of 41 shares and in multiples thereof. Objects of the issue is 1) Repayment/Prepayment of the outstanding borrowings - Rs. 285 cr. , 2) Acquisition of land or land development rights - Rs35 cr., and 3) General corporate purposes.
IPO Dates:
IPO will open on December 18, 2023 and close on December 18, 2023. Tentative date of listing on stock exchanges is December 26, 2023
Want to know more details about the IPO, please visit here Suraj Estate Developers Limited
Source: SEBI, BSE, NSE, DRHP, Suraj Estate Developers, Industry Data
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