31 Mar 2021
Assets792.00
Total Income244.00
Profit After Tax6.28
NET Worth29.15
Reserves and Surplus22.94
Total Borrowing600.48
At a glance
Updated 2026-08-24Suraj Estate Developers is a Mainboard IPO with an issue size of ₹400.00 crore, proposed for listing on BSE, NSE. The issue structure includes a fresh issue of ₹400.00 crore.
Issue details
Listing atBSE, NSE
Issue typeBook Build Issue
Issue size₹400.00 Cr
Fresh issue₹400.00 Cr
Face value₹5
Price band₹340.00–₹360.00
Grey market
GMP page ↗Latest GMP₹15.00
GMP / upper price4.17%
Est. listing₹375.00
GMP is unofficial sentiment data, not an exchange price.
Subscription demand
Full bidding ↗NO DATAWaiting for a verified live exchange update.
Company
Use of proceeds
| Object | Amount |
|---|---|
| Repayment/Prepayment of the aggregate outstanding borrowings of the Company and the Subsidiaries, Accord Estates Private Limited, Iconic Property Developers Private Limited and Skyline Realty Private Limited | ₹285.00 Cr |
| Acquisition of land or land development rights | ₹35.00 Cr |
| General corporate purposes | ₹44.73 Cr |
Financials
Full financials ↗31 Mar 2022
Assets864.00
Total Income273.91
Profit After Tax26.50
NET Worth39.16
Reserves and Surplus23.32
Total Borrowing638.16
31 Mar 2023
Assets942.58
Total Income307.89
Profit After Tax32.06
NET Worth71.39
Reserves and Surplus55.48
Total Borrowing593.09
30 Jun 2023
Assets994.73
Total Income102.81
Profit After Tax14.53
NET Worth86.11
Reserves and Surplus70.29
Total Borrowing598.50
Trend chart₹ crore
KPIs
| KPI |
|---|
| ROE |
| ROCE |
| Debt / Equity |
| RoNW |
| PAT Margin |
Valuation & shareholding
Pre-IPO EPS10.10
Pre-IPO P/E35.64
Post-IPO P/E49.81
Promoter holding pre100%
Promoter holding post74.95%
Market cap₹1597.00 Cr.
Issue expenses
| Expense | Amount |
|---|---|
| Fees payable to the BRLMs (including underwriting commission, brokerage and selling commission, as applicable) | ₹17.76 Cr |
| Fees payable to the Registrar to the Issue | ₹0.19 Cr |
| Fees payable to the other advisors to the Issue (fee payable to a chartered accountants appointed for providing confirmations and certificates for the purpose of the Issue; Anarock for preparing the industry report commissioned by our Company, Priyanka Rajaram Rahate, independent architect for Architect Report and Little & Co., Advocates & Solicitors for certifying the Completed, Upcoming and ongoing, land reserves under the master title certificate) | ₹1.31 Cr |
| Commission/processing fee for SCSBs, Sponsor Bank and Bankers to the Issue. Brokerage and selling commission and bidding charges or Members of the Syndicate, Registered Brokers, RTAs and CDPs | ₹4.50 Cr |
| Others - Listing fees, SEBI filing fees, upload fees, BSE & NSE processing fees, book building software fees and other regulatory expenses | ₹1.38 Cr |
| Printing and stationery | ₹1.25 Cr |
| Advertising and marketing expenses | ₹7.39 Cr |
| Fees payable to legal counsel | ₹0.77 Cr |
| Miscellaneous | ₹0.88 Cr |
Registrar & lead managers
Registrar
MUFG Intime India Pvt.Ltd.Lead managers
- Anand Rathi Advisors Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-08-24.