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Suratwwala Business Group Limited

Suratwwala Business Group Ltd, incorporated in 2008, is a real estate development company operating mainly in Pune district, with a focus on commercial and residential projects. The company is engaged in developing, selling, and maintaining properties, and also earns income by renting out spaces on buildings and unsold areas for banners, hoardings, and telecom towers for fixed periods. It has completed a residential project comprising 16 one-bedroom apartments and a commercial project named Suratwwala Mark Plazzo Phase I, and is currently developing Phase II of the commercial project. A major share of its revenue is generated from real estate development activities across affordable and premium housing segments, while additional income comes from maintenance services charged to property owners within its projects.

₹15 - ₹15Open
Listed Price15.45
Listing Gain+3.00%
TimelineFixed Price IPO
Open03 Aug 2020
Close05 Aug 2020
Allotment11 Aug 2020
Listing13 Aug 2020

Quota Reservation Portions

Market MakerPortion: 2,40,000 shares
5.22%
HNIPortion: 21,76,000 shares
47.3%
RetailPortion: 21,84,000 shares
47.48%

Minimum Application Bracket Matrix

Retail1 lots / 8,000 shares
₹1,20,000
HNI2 lots / 16,000 shares
₹2,40,000

About the Company

Suratwwala Business Group Ltd, incorporated in 2008, is a real estate development company operating mainly in Pune district, with a focus on commercial and residential projects. The company is engaged in developing, selling, and maintaining properties, and also earns income by renting out spaces on buildings and unsold areas for banners, hoardings, and telecom towers for fixed periods. It has completed a residential project comprising 16 one-bedroom apartments and a commercial project named Suratwwala Mark Plazzo Phase I, and is currently developing Phase II of the commercial project. A major share of its revenue is generated from real estate development activities across affordable and premium housing segments, while additional income comes from maintenance services charged to property owners within its projects.

Company Promoters

Mr. Jatin Dhansukhlal SuratwalaMr. Manoj Dhansukhlal Suratwala
Suratwwala Business Group Limited IPO Details | GMP, Allotment & Financials | IPO Trending