About the Company:
Suratwwala Business Group Ltd is a real estate development company primarily focusing on development of residential and commercial projects in the Pune district (Maharashtra).
Company’s business activities comprise of development and sale of residential as well as commercial properties (the “Development Business”) and the maintenance of the properties developed by us
Apart from the development and maintenance business, we also focus on providing the space on rent such as renting for mobile tower, hoardings and banners on building or renting of the unsold space for short durations.
Company’s Completed Projects:
Company has so far completed one commercial and one residential project, both of which are located in the Pune district.
Company’s Commercial Project, namely, Suratwwala Mark Plazzo – Phase I, located in Hinjawadi, Pune is built on land area of 4525 sq. mts. and comprises of 9 floors having space for 95 offices, 5 Multipurpose showrooms which can be used as restaurant, shops or showrooms and one roof top restaurant.
Company had commenced the construction of Suratwwala Mark Plazzo – Phase I in July’15 and successfully completed it in July’16. And are now in process to develop Phase II of the said commercial project.
The Residential Project, Suratwwala Sweet 16 was our first real estate project undertaken by the Company in September, 2008 which was completed in June, 2010. The project includes 16 one BHK Apartments which are available in size of saleable area of around 678 sq. ft to 712 sq. ft. Total land area of the project is 870 sq. mtrs.
Company is also developing one resort living villa project at Mulshi, Pune, namely “O2-The Oxygen Spring” which is at approximately 30 Kms away from Pune.
Company’s Revenue Model:
Company’s Revenue Breakup: (in Lakhs)
- Mr. Jatin Dhansukhlal Suratwala (Designation: Chairman cum Managing Director)
- Mr. Manoj Dhansukhlal Suratwala (Designation: Whole-Time Director)
Objectives of the Issue:
- To meet Working Capital requirements
- General Corporate Purpose
- To meet issue expenses
Financials of the Company:
|(in Crores)||FY 18||FY 19||FY 20|
|Issue Opens on||3rd August 2020|
|Issue Closes on:.||5th August 2020|
|Issue Size||Rs.6.9 cr|
|Market Cap||Rs.26.01 cr|
|Listing at||BSE SME|
|Equity Shares Offered (Fresh)||46,00,000|
|Equity Shares Prior to the Issue||1,27,41,644|
|Equity Shares after the Issue||1,73,41,644|
|Finalization of Basis of Allotment||on or Before 10th August 2020|
|Initiation of Refunds||on or Before 11th August 2020|
|Credit of Equity Shares:||on or Before 12th August 2020|
|Listing Date:||on or Before 13th August 2020|
IPO Valuation Parameters:
|Earnings Per Share (EPS)||Price To Earnings ratio (PE)||Return on Net Worth (RoNW)||Net Asset Value (NAV)|
|Check IPO Allotment Status:|
Link InTime Website (Click on the below Link)
|Company Contact Info:|
|Suratwwala Business Group Ltd
S. No. 4/38, Sumangal, First Floor,
Sahakar Colony Behind SBI,
Off Karve Road, Erandwane,
Pune – 411004 Maharashtra
Tel No: – 020 25434392
|IPO Registrar Info:|
|LINK INTIME INDIA PRIVATE LIMITED
Address: – C-101, 1 Floor, 247 Park, L.B.S. Marg,
Vikhroli (West), Mumbai, Maharashtra, INDIA-400083
Tel No.: +91-022-49186200
Fax No.: +91-022-49186060
|Lead Manager to the Issue:|
|HEM SECURITIES LIMITED
904,A Wing, Naman Midtown, Senapati Bapat Marg,
Elphinstone Road, Lower Parel, Mumbai-400013, India
Tel. No.: +91- 022- 49060000
Fax No.: +91- 022- 22625991