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15 Days Price Change

Suraj Estate Develop IPO

Closing In

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WEBSITE Inc. Year: 1986 Industry: Construction - Real Estate Listed Page

Profile
Issue Size --
Profile
Price Range 340  to  360 per share
Profile
Min Investment ₹360
Profile
Lot Size 1
Profile
Face Value ₹5
Profile
Draft Prospectus
Invest Before the IPO Goes Live

Buy unlisted shares early and participate in the growth before public listing.

Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Suraj Estate Developers Ltd is a prominent real estate company known for its innovative and quality-driven approach to property development. Established with a commitment to excellence, the company has successfully delivered a diverse portfolio of residential and commercial projects. Suraj Estate Developers is recognized for its adherence to high construction standards, timely project completion, and customer-centric practices. With a focus on sustainable and aesthetically pleasing designs, the company has carved a niche in the real estate industry. Their dedication to customer satisfaction, coupled with a strong emphasis on transparency, positions Suraj Estate Developers as a trusted name in the real estate market, consistently delivering spaces that blend functionality with modern aesthetics. Read More

Basic Info

Face Value 5 per share

Price 340  to  360 per share

P/E (x) 16.5

Sales( Cr.) 549

PAT( Cr.) 100

EPS 21.8

Draft Prospectus

Exchange BSE-NSE

Promoter

Company Promoters

Mr. Rajan Meenathakonil Thomas

Pre Issue Share Holding 84.08%

Post Issue Share Holding 61.95%

Listing Details:

Listing Price: 343.8

Listing Gain: -4.71%

Current Price: 224.8

Gain On Issue: 224.8 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Dec 18, 2023
Closing Date Dec 20, 2023
Allotment Dec 21, 2023
Refund Dec 22, 2023
Delivery of Shares Dec 22, 2023
Listing Date Dec 25, 2023

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 41 14,760
Retail (Max) 13 533 191,880
S-HNI (Min) 14 574 206,640
S-HNI (Max) 67 2747 988,920
B-HNI (Min) 68 2788 1,003,680

Objective of the Issue

1. Repayment/Prepayment of the aggregate outstanding borrowings of the company and its subsidiaries, Accord Estates Private Limited and Iconic Property Developers Private Limited. 2. Acquisition of land or land development rights. 3. General corporate purposes.

Issue

Category Nos Bid Bid (x)
QIB 5555556 143000011 25.7x
NII 1666667 33366673 20x
Retail 3888889 38305557 9.9x
EMP 0 0 0x
Total 11111111 184111109 16.6x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Suraj Estate Develop Profit & Loss

#(Fig in Cr.) Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 35 87 240 273 306 412 549
Other Income 1 2 4 1 2 3 4
Total Income 36 89 244 274 308 416 553
Total Expenditure -20 20 153 141 155 179 346
Operating Profit 56 69 91 133 153 236 207
Interest 53 64 79 93 107 139 66
Depreciation 1 2 2 4 3 4 5
Exceptional Income / Expenses 0 0 0 0 0 0 0
Profit Before Tax 2 2 9 36 43 94 136
Provision for Tax 1 1 3 10 11 26 36
Profit After Tax 2 2 6 27 32 67 100
Adjustments -0 -0 -0 -0 0 0 0
Profit After Adjustments 2 1 6 26 32 68 100
Adjusted Earnings Per Share 0.5 0.5 1.9 8.3 10.1 15.7 21.6

Suraj Estate Develop Balance Sheet

#(Fig in Cr.) Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 22 23 29 39 71 516 903
Minority's Interest 0 0 0 0 0 0 0
Borrowings 302 407 464 397 346 240 343
Other Non-Current Liabilities 4 5 5 5 2 5 10
Total Current Liabilities 268 274 293 422 581 522 488
Total Liabilities 596 709 791 863 1001 1284 1743
Fixed Assets 6 22 21 18 16 38 37
Other Non-Current Assets 7 4 4 5 32 11 9
Total Current Assets 584 683 766 841 953 1235 1697
Total Assets 596 709 791 863 1001 1284 1743

Suraj Estate Develop Cash Flow

#(Fig in Cr.) Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 2 4 2 2 6 12 1
Cash Flow from Operating Activities -53 -32 -15 70 190 9 -306
Cash Flow from Investing Activities -4 -15 -7 -21 -27 -90 79
Cash Flow from Financing Activities 59 45 27 -45 -157 70 238
Net Cash Inflow / Outflow 2 -2 5 4 6 -11 10
Closing Cash & Cash Equivalent 4 2 8 6 12 1 11

Suraj Estate Develop Ratios

# Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.49 0.46 1.94 8.31 10.13 15.75 21.65
CEPS(Rs) 0.7 1.04 2.73 9.51 10.91 16.6 22.72
DPS(Rs) 0 0 0 0 0 1 0
Book NAV/Share(Rs) 6.83 7.25 9.18 12.33 22.49 120.43 184.3
Core EBITDA Margin(%) 157.15 76.56 36.1 48.3 49.39 56.51 36.91
EBIT Margin(%) 158.99 76.83 36.77 47.39 49.25 56.47 36.74
Pre Tax Margin(%) 6.27 2.68 3.77 13.26 14.13 22.77 24.78
PAT Margin (%) 4.69 1.74 2.62 9.72 10.49 16.37 18.24
Cash Profit Margin (%) 6.4 3.8 3.61 11.07 11.33 17.26 19.14
ROA(%) 0.27 0.23 0.84 3.2 3.44 5.91 6.62
ROE(%) 7.48 6.78 24.06 77.6 58.01 22.97 14.63
ROCE(%) 14 14.63 15.35 19.78 22.44 28.98 17.54
Receivable days 309.81 150.33 93.47 116.37 101.75 81.42 54.24
Inventory Days 4769.12 2090.72 843.54 793.83 760.01 616.03 546.15
Payable days -69.37 -78.85 83.72 -158.89 -681.33 -295.38 261.37
PER(x) 0 0 0 0 0 16.57 13.97
Price/Book(x) 0 0 0 0 0 2.17 1.64
Dividend Yield(%) 0 0 0 0 0 0.38 0
EV/Net Sales(x) 10.71 5.73 2.44 2.31 1.9 3.48 3.31
EV/Core EBITDA(x) 6.66 7.26 6.46 4.74 3.79 6.07 8.79
Net Sales Growth(%) 0 151.35 176.08 13.64 12.11 34.82 33.21
EBIT Growth(%) 0 21.46 32.14 46.45 16.49 54.59 -13.32
PAT Growth(%) 0 -6.59 313.98 322.31 20.98 110.49 48.4
EPS Growth(%) 0 -7.83 325.52 328.06 21.93 55.48 37.45
Debt/Equity(x) 17.1 21.61 20.6 16.29 8.31 0.82 0.54
Current Ratio(x) 2.17 2.49 2.61 1.99 1.64 2.36 3.48
Quick Ratio(x) 0.49 0.51 0.7 0.52 0.52 0.96 1.64
Interest Cover(x) 1.04 1.04 1.11 1.39 1.4 1.68 3.07
Total Debt/Mcap(x) 0 0 0 0 0 0.37 0.32

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 33% 26% 45% 0%
Operating Profit CAGR -12% 16% 25% 0%
PAT CAGR 49% 55% 119% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -30% NA% NA% NA%
ROE Average 15% 32% 39% 30%
ROCE Average 18% 23% 21% 19%

Company Contact Information

Suraj Estate Developers Ltd.

301, 3rd Floor, Aman Chambers Century Bazaar, Veer Savarkar Marg Opp. Bengal Chemicals Prabhadevi

IPO Lead Manager(s)

Suraj Estate Developers Ltd.

Anand Rathi Advisors Ltd.

ITI Capital Ltd

Registrar Info

Suraj Estate Developers Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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