IPO Synopsis

Suraj Estate Developers Ltd

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 Opens On Closes On 18-Dec-23 20-Dec-23 Money Payable On Application Allotment 360.00 0.00 Minimum Application for shares in Nos : 41 Further Multiples of : 41 Cr Lead Managers to the Issue Project Cost (.Cr) 364.73 Anand Rathi Advisors Ltd Project Financed through Current Offer (.Cr) 400.00   Post Issue Equity Share Capital (.Cr) 22.18 Issue Price () 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 Acquisition of land or land development rights General corporate purposes

Promoted By

Rajan Meenathakonil Thomas

Listing At

BSE

NSE

Registrar to the Issue

No Data Available