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Suratwwala Business Group

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.

DRHP
₹15 - ₹15Open
Listed Price₹15.45
Listing Gain+3.00%

IPO Schedule & Timeline

Fixed Price IPO
Open03 Aug 2020
Close05 Aug 2020
Allotment11 Aug 2020
Listing13 Aug 2020

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Market Maker2,40,000 shares
5.22%
HNI21,76,000 shares
47.3%
Retail21,84,000 shares
47.48%

Minimum Application Lots

Retail1 Lot (8,000 shares)
₹1,20,000
HNI2 Lots (16,000 shares)
₹2,40,000

Company Promoters

Mr. Jatin Dhansukhlal SuratwalaMr. Manoj Dhansukhlal Suratwala

Company Background

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 telec...

Lead Managers & Bankers

Hem Securities Limited

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Mar-20)₹1088.35 Cr
Growth-34.4%
Revenue Trend (₹ in Crores)
0.0635.51.3k1.9kMar-17Mar-18Mar-19Mar-20
PeriodRev (Cr)PAT (Cr)AssetsDebt
Mar-201,088.3532.465,390.820
Mar-19912.6285.864,487.520
Mar-181,119.91296.493,129.140
Mar-171,657.82214.382,752.490

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Link Intime India Private Limited

Allotment Finalized
Allotment Date
11 Aug 2020
Official Status
Out / Finalized
Registrar
Link Intime India Private Limited
Listing Date
13 Aug 2020

Official Allotment Verification Links

Official Registrar Portal
Link Intime India Private Limited

Direct allotment verification on the official registrar portal appointed for Suratwwala Business Group. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization11 Aug 2020Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date13 Aug 2020Trading commences on exchange

How to Check Suratwwala Business Group Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select Suratwwala Business Group from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

Click Submit to check your allotted share count and status.

Prospectus & Official Filings

Official FilingDRHP

Allotment FAQs & Help

About Suratwwala Business Group IPO

Complete issue overview for Suratwwala Business Group (SBGLP) IPO. The issue features an equity share price band of ₹15 per share with a minimum retail lot size of 8000 Shares (minimum application amount of ₹1,20,000). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions