Open Date
18 Dec 23
20 Dec 23
41 shares
₹ 400 Cr
Lot Size
IPO Size
Listing At
BSE, NSE
Listing Date
Price Range
₹340 to ₹360
Close Date
Allotment Date
21 Dec 23
26 Dec 23
Established in 1986, Suraj Estate Developers Limited is in the business of real estate construction for residential and commercial properties in the South Central Mumbai region. The company’s residential units are located in Mahim, Dadar, Prabhadevi and Parel. In this region, redevelopment projects are the core offering. Value luxury, luxury, and commercial segments are the main focus areas of Suraj Estate with the average ticket size ranging between unit values ranging from ₹1 cr to ₹13 cr. The company is also planning to enter the Bandra sub-market in the coming years.
Sheetal Universal Limited plans to utilize the raised capital from the IPO to: ● To fund capital expenditure. ● For working capital requirements. ● General corporate purposes. ● For expenses related to the public issue.
The book-running lead managers to the offer are: Beeline Capital Advisors Pvt Ltd
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