Suratwwala Business Group Limited

BSE SME

Offer Date: Aug 3, 2020 - Aug 5, 2020

₹ 120000 /8000 Shares

IPO Details

03 Aug, 2020

Open Date

05 Aug, 2020

Close Date

11 Aug, 2020

Allotment Date

13 Aug, 2020

Listing Date

Issue Price

Rs 15/- Per Equity Share

Face Value

Rs 10/- Per Equity Share

Listing at Group

BSE SME

Registrar

Link Intime India Private Limited

Market Lot

8000 Shares (Rs 1,20,000/-)

Lead Manager

Hem Securities Limited

Issue Size

Fresh Issue of 46,00,000 Equity Shares of Rs 10/- at price of Rs 15/- with aggregating up to Rs 6.90 Cr

Retail Portion

N/A

Subscription

57,28,000 1.31 times

IPO Docs

RHP

IPO Subscription Details

As on	QIB / NII	Retail	Total
Shares Offered / Reserved	21,76,000	21,84,000	43,60,000
Day 1 - 03-08-20	20,08,000 0.92 x	32,000 0.01 x	20,40,000 0.47 x
Day 2 - 04-08-20	35,52,000 1.63 x	1,36,000 0.06 x	36,88,000 0.85 x
Day 3 - 05-08-20	51,12,000 2.35 x	6,16,000 0.28 x	57,28,000 1.31 x

Valuations

Earnings Per Share (EPS)

Rs 0.19/-

P/E Ratio

RoNW

2.31%

Net Asset Value (NAV) - Post Issue

Rs 12.08/-

Company Financials All values are in ₹ Cr.

- Peers Comparison

	P/B Ratio	P/E Ratio	RoNW	Net Worth
Suratwwala Business Group Limited	1.24	80	2.31%	10.88
Ajmera Realty & Infra India Limited	0.47	12.52	3.47%	350.61
Arihant Foundations & Housing Limited	0.09	10.68	0.83%	110.97
Kolte Patil Developers Limited	1.25	16.66	7.49%	1176.46
Puravankara Limited	0.58	31.56	1.85%	2187.26

- Promoter(s)

Company Promoter(s)

Mr. Jatin Dhansukhlal Suratwala
Mr. Manoj Dhansukhlal Suratwala

IPO - Issue Objectives

To meet Working Capital requirements ( Rs 5.60 Cr )
General Corporate Purpose ( Rs 0.60 Cr )
Issue related expenses ( Rs 0.69 Cr )

IPO - FAQs

Ans. Suratwwala Business Group Limited is a SME IPO. The issue is priced at Rs 15/- Per Equity Share. The minimum order quantity is 8000 Shares. The IPO opens on Aug 3, 2020, and closes on Aug 5, 2020. Link Intime India Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Ans. The Suratwwala Business Group Limited opens on Aug 3, 2020 and closes on Aug 5, 2020.

Ans. The size of Suratwwala Business Group Limited is Fresh Issue of 46,00,000 Equity Shares of Rs 10/- at price of Rs 15/- with aggregating up to Rs 6.90 Cr.

Ans. The IPO price band is set between Rs 15/- Per Equity Share.

Ans. To apply for Suratwwala Business Group Limited IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Suratwwala Business Group Limited in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Suratwwala Business Group Limited is Aug 11, 2020.

Ans. The Suratwwala Business Group Limited will be listed on Aug 13, 2020.

Ans. Follow the steps to check the allotment status for Suratwwala Business Group Limited here.