Suraj Estate Developers  IPO Details

Open Date

18 Dec 23

20 Dec 23


₹ 400 Cr

Lot Size

IPO Size

Listing At


Listing Date

Price Range

₹340 to ₹360

Close Date

Allotment Date

21 Dec 23

26 Dec 23

IPO Details

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. 

About the Company

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

Book Runners

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