Suraj Estate Developers Limited (SEDL) is a real estate construction company that has been developing residential and commercial properties in Mumbai’s south central region since 1986. The company has built 42 projects and has a residential portfolio in Mahim, Dadar, Prabhadevi, and Parel.
Suraj Estate Developers Limited is Incorporated in 1986, The company is a real estate construction company. The company develops residential and commercial real estate in the South Central Mumbai region.
The company does not provide any in-house construction services and is 100% dependent on third-party contractors for the construction services of its Projects.
Suraj Estate Developers Limited has completed forty-two (42) projects in the South-Central Mumbai region.
In addition to the completed projects, the company has thirteen (13) ongoing projects and sixteen (16) upcoming projects.
The company’s projects include Suraj Eleganza-II and ICICI Apartments, CCIL Bhavan (Phase-I up to 6th floor) and Tranquil Bay-I, Elizabeth Apartment and Mon Desir, St. Anthony Apartments, Lumiere and Tranquil Bay-II, Brahmsidhhi CHS, Jacob Apartments, Suraj Eleganza-I and Gloriosa Apartments and others.
Suraj Estate Developers Limited IPO Timetable
| Particular | Date |
| IPO Open Date | 18 Dec 2023 |
| IPO Close Date | 20 Dec 2023 |
| Allotment Date | 21 Dec 2023 |
| IPO Listing Date | 26 Dec 2023 |
Suraj Estate Developers Limited IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 5 Per Equity Share |
| IPO Price | Rs. 340 to Rs. 360 Per Equity Share |
| Market Lot | 41 Share |
| ISIN Code | |
| Listing At | NSE & BSE |
| Issue Size | Approx. Rs. 400 Crore. |
Suraj Estate Developers Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Minimum | 1 | 41 | Rs. 14760 |
| Maximum | 13 | 533 | Rs. 191880 |
| Small HNI (Minimum) | 14 | 574 | Rs. 206640 |
| Big HNI (Minimum) | 68 | 2788 | Rs. 1003680 |
Suraj Estate Developers Limited IPO Allotment Status
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Company Financials:
| Particular | 31 March 2023 | 31 March 2022 | 31 March 2021 |
| Total Assets | 942.58 | 864 | 792 |
| Total Revenue | 307.89 | 273.91 | 244 |
| Profit After Tax | 32.06 | 26.50 | 6.28 |
Company Promoters:
Mr. Rajan Meenathakonil Thomas is the promoter of the company.
Purpose of the Issue
- Repayment/Prepayment of the aggregate outstanding borrowings of the company and its subsidiaries, Accord Estates Private Limited and Iconic Property Developers Private Limited.
- Acquisition of land or land development rights.
- General corporate purposes.
Registrar & Company Details
| Company Contact Information | IPO Registrar |
| Suraj Estate Developers Limited 301, 3rd Floor, Aman Chambers, Veer Savarkar Marg, Opp. Bengal Chemicals, Prabhadevi, Mumbai – 400025 Phone: +91 22 2437 7877 Email: suraj@surajestate.com Website: https://surajestate.com | Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: surajestate.ipo@linkintime.co.in Website: https://linkintime.co.in/mipo/ipoallotment.html |
