13 Dec 2023 , 09:43 AM
Suraj Estate Developers, a prominent player in Mumbai’s real estate landscape, is set to make waves with its Rs 400-crore initial public offering (IPO), offering a compelling investment opportunity. Here’s everything you need to know about the public issue.
Key Details:
Fund Utilization: Suraj Estate Developers’ IPO comprises only a fresh issue component, ensuring that the entire net issue proceeds, excluding IPO expenses, will directly benefit the company. The primary allocation includes:
Issue Structure:
Retail Investor Insights:
Established in 1986, Suraj Estate Developers, led by the Rajan Meenathakonil Thomas family, boasts a rich legacy. The company has successfully completed 42 projects, covering over 1.05 million square feet in South-Central Mumbai. With 13 ongoing projects and 16 upcoming ventures, Suraj Estate Developers is positioned for sustained growth, contributing significantly to Mumbai’s real estate expansion.
The IPO’s merchant bankers are ITI Capital and Anand Rathi Advisors.
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