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Suyog Gurbaxani Funicular Ropeways Limited

Incorporated in 2010, Suyog Gurbaxani Funicular Ropeways Limited is an infrastructure company that designs, builds, and operates Funicular Ropeway Systems using a Build, Operate, and Transfer (BOT) model. The company has completed a project at Saptashrungi Gad Temple in Nashik, Maharashtra, which includes a ropeway system with two air-conditioned coaches carrying 60 passengers each, a shopping mall with 50 shops, parking for over 150 vehicles, a 28-room hotel, a multi-cuisine restaurant, and a coffee shop, spread over 10 acres. The company holds possession of this project until 2034, after which it will be transferred to the Government of Maharashtra. As of March 31, 2021, Suyog Gurbaxani employs 205 people, including managerial staff and project employees, and also hires temporary labor as needed.

₹45 - ₹45Open
Listed Price45.45
Listing Gain+1.00%
TimelineFixed Price IPO
Open01 Nov 2021
Close08 Nov 2021
Allotment11 Nov 2021
Listing16 Nov 2021

Quota Reservation Portions

Market MakerPortion: 3,33,000 shares
5.08%
Nii (hni)Portion: 31,11,000 shares
47.46%
RetailPortion: 31,11,000 shares
47.46%

Minimum Application Bracket Matrix

Retail1 lots / 3,000 shares
₹1,35,000
HNI2 lots / 6,000 shares
₹2,70,000

About the Company

Incorporated in 2010, Suyog Gurbaxani Funicular Ropeways Limited is an infrastructure company that designs, builds, and operates Funicular Ropeway Systems using a Build, Operate, and Transfer (BOT) model. The company has completed a project at Saptashrungi Gad Temple in Nashik, Maharashtra, which includes a ropeway system with two air-conditioned coaches carrying 60 passengers each, a shopping mall with 50 shops, parking for over 150 vehicles, a 28-room hotel, a multi-cuisine restaurant, and a coffee shop, spread over 10 acres. The company holds possession of this project until 2034, after which it will be transferred to the Government of Maharashtra. As of March 31, 2021, Suyog Gurbaxani employs 205 people, including managerial staff and project employees, and also hires temporary labor as needed.

Company Promoters

Mr. Rajkumar GurbaxaniMr. Omprakash GurbaxaniShivshankar Lature
Suyog Gurbaxani Funicular Ropeways Limited IPO Details | GMP, Allotment & Financials | IPO Trending