Suratwwala Business Group Ltd

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.


Commercial Project:

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.


Residential 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.


Upcoming Project:

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


Management Team:

  1. Mr. Jatin Dhansukhlal Suratwala (Designation: Chairman cum Managing Director)
  2. 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
Revenue 11.19 9.12 10.88
Net Profit 2.96 0.85 0.32


IPO Details:

Details Info
Issue Opens on 3rd August 2020
Issue Closes on:. 5th August 2020
Issue Price Rs.15
Face Value Rs.10
Minimum Lot 8000
Minimum Investment Rs.1,20,000
Issue Constitutes 26.52%
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


Important Dates:

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)
0.28 53.57 2.31% 12.07


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:
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:
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