Suratwwala Business IPO Review and Analysis
Suratwwala Business IPO logo For Review

Suratwwala Business Group Limited is planning to come up with an IPO. In this piece, we will offer an insight into the IPO details company’s financial performance, management and background.

The certificate of incorporation incorporated this company by the Registrar of Companies, Pune, Maharasthra under Companies ACT 1956. The year of establishment was 2008, and the name of the company at the time of incorporation was Suratwala Housing Private Limited.

Complete Detail of Suratwwala Business IPO

IPO opening Date3 Aug 2020 – 5 Aug 2020
Issue TypeFixed Price Issue (SME IPO)
Issue Size4,600,000 Eq Shares of ₹10
(total price of  ₹6.90 Cr)
Face Value₹10 per equity share
IPO Price₹15 per equity share
Market Lot8000 Shares (1 lot)
Min Order Quantity8000 Shares (₹ 120000)
Listing AtBSE
(Small Medium Enterprises)
P/E (x)83
Market Cap ( Cr.)26.01

The company overview of Suratwwala Business Group

The name of the company was changed to current Suratwwala Business Group Limited in the year 2019under Companies Act 2013. This was done after pursuing a special resolution passed by the Shareholders at the EGM on Apr 19 2019.

The company is primarily focused on development, sales and maintenance of real estate projects. These projects include housing and commercial projects.  They also offer space on rent for advertising, and marketing on hoardings, towers and other buildings. They also offer their unsold places for rent and advertisement.

Projects of Suratwwala Business Group

The first real estate project they undertook in Pune was Suratwwala sweet 16. This project comprised of 16 1bhk apartments with the carpet area ranging from 678 sq.ft to 712 sq.ft.  They have also completed phase one of their commercial project Mark Plazzo. The construction and development of the second phase are underway.

They have good experience in the field of construction and project developments. They are in the development business that initiates from identifying suitable land, its acquisition, development of the project, sales and maintenance.

The company focuses more on quality design and construction work. They collaborate with local contractors and architectures to deliver quality development projects. These partnerships help them focus on their core business operations and assist the company’s growth.

Sources of Revenue Generation

  • Real estate development

They develop an affordable and premium range of residential projects that offers luxurious living space. These buildings help them generate revenue.

  • Renting of property

They also offer their space for rent until they are sold. They also generate revenue by renting out space for advertisements and marketing using hoardings and towers.

Financial Performance

The company’s revenue in the last four financial years has been stable. Apart from this, their net profit is on the fall from the last four financial years. 

Let’s take a look at their overall financial performance

For the year/period ended mentioned below (all values are in lacs)

Particulars31-March-2031-Mar-1931-Mar-1831-Mar-17
Total Assets5,390.824,487.523,129.142,752.49
Total Revenue1,088.35912.621,119.911,657.82
Profit After Tax32.4685.86296.49214.38

As visible from the figures in the above table, the total assets of the company are continuously going down.

Suratwwala Business IPO Contact Information

Contact DetailsRegistrar
Suratwwala Business Group Ltd
S. No. 4/38,
Sumangal, First Floor,
Sahakar Colony behind SBI,
Off Karve Road,
Erandwane, Pune 411004,
Maharashtra
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West),
Mumbai – 400083
Phone:
+91 020 25434392
Phone:
+91-22-4918 6270
Email:
cs@suratwwala.co.in
Email:
sbgl.ipo@linkintime.co.in
Website:
www.suratwwala.co.in
Website:
www.linkintime.co.in

Promoters of the Company

The two brothers, Mr.Jatin Dhansukhlal Suratwala and Mr Manoj Dhansukhlal Suratwala, are the promoters of Suratwwala Business Group Ltd.

The lead manager on this the Issue is HEM SECURITIES LIMITED. The Registrar for the mentioned Issue is LINK INTIME INDIA PRIVATE LIMITED.

The current holdings of these promoters are 99.92%. Once the IPO is listed, their holdings will reduce to 73.42%. 

Objectives of the Proposed Suratwwala Business IPO

The company wants to achieve the following objectives through the revenue generated by the proposed IPO:

  1. To mitigate the issue expenses
  2. To fulfill working capital requirements
  3. Other general costs for the business.

Suratwwala Business IPO’s Important Date

Bid/Offer Opens OnAug 3, 2020
Bid/Offer Closes OnAug 5, 2020
Finalization of Basis of AllotmentAug 10, 2020
Initiation of RefundsAug 11, 2020
Credit of Shares to Demat AcctountAug 12, 2020
IPO Shares Listing DateAug 13, 2020

The Strength of Suratwwala Business Group Ltd

  1. They excel at Powerful execution of undertaken projects in the stipulated time frame.
  2. They have a good hold in the Pune district. This district is the second most economically significant district of Maharashtra.
  3. A diversified business model that helps them maintain a robust growth
  4. A team of experienced and talented managers that can lead the company in any problematic situation. 
  5. They satisfy all Quality and Assurance standards.

Now, let’s take a look at where the Suratwwala Business Group Ltd stands in comparison to their peers’ financial performance.

Suratwwala Business IPO Day to Day Subscription

DayShares Offered1st Day
3 Aug 20
2nd Day
4 Aug 20
3rd Day
5 Aug 20
NII21,80,0000.92x1.63x2.35x
RII21,80,0000.01x0.06x0.28x
Total Subscription43,60,0000.47x0.85x1.31x

Suratwwala Business Listing Day Performance

DetailsBSE
Listing Date13-Aug-20
IPO Price₹ 15.00
Open₹ 15.45
High₹ 16.22
low₹ 15.45
Close₹ 16.22
Volume2,56,000
Listing Day P/L+8.15%

Suratwwala Business Group Limited Peer Comparison

Listed PeersBook Value (Rs.)Current market Price (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)Face Value (Rs.)Total Income (Rs. in crores)
Suratwwala Business Group Limited10.82[●][●]9.498.78%109.13
Ajmera Realty & Infra India Ltd.157.32130.557.7016.9612.4510342.85
Arihant Foundations & Housing Ltd.177.2822.7517.791.280.971062.96
Art Nirman Ltd.19.4826.2539.500.666.811018.89
Kolte Patil Developers Ltd.103.80240.0021.4711.189.4610466.47
Puravankara Ltd.69.4861.3520.203.045.0451472.82

Hope you will find every detail that you need in the above article and it will be helpful to you in making an investment decision.

The investor should take the final decision of investment in the Issue only after doing a self and thorough research of the same.

FAQs for Suratwwala Business IPO

What is Suratwwala Business IPO?

Ans: This IPO offer by Suratwwala Business Group Ltd. Company planning to expand capital by listing on BSE SME.

2.How do I apply for the Suratwwala Business IPO?

Ans: Anyone having demat account are eligible for application. There are two method available for application.
ASBA Payment Method: The net-banking facility available for online IPO application.
UPI Payment Method: By using UPI payment method for application process.

What is the Suratwwala Business IPO issue date?

Ans: Suratwwala Business IPO issue period is from 03 Aug 2020 to 05 Aug 2020.

What is the Suratwwala Business IPO allotment date?

Ans: Allotment date is 10 Aug 2020 and share will transfer to your demat account on 12 Aug 2020.

What if Suratwwala Business IPO Shares not allotted to me?

Ans: Suppose Suratwwala Business shares not allotted to you than refund will be credited to your linked bank account.

How to Apply Suratwwala Business IPO through Zerodha?

Ans: Zerodha customers can apply for Yes Bank through UPI’s payment gateway by Zerodha Console. Pls follow Below steps.

1.login to console.zerodha.com
2.Portfolio<<IPOs
3.Get the list of current listed IPOs.
4.You can apply for an IPO online.

What is the Suratwwala Business IPO Listing date?

Ans: Listing date for this IPO is 13 Aug 2020.

Is there any other Suratwwala Business IPO Listing later this year?

Ans: There is no such information available regarding the further listing of Suratwwala Business IPO.

Will I get a discount if I am Yes Bank Employee?

Ans: No Information

What is the Lot Size of Suratwwala Business IPO?

Ans: Minimum 8000 shares (1 lot) is available. One share price is ₹ 15 so 1 lot of 8000 shares will be ₹ 1,20,000.

What is the face value of Suratwwala Business IPO?

Ans: Face value is ₹ 10 Per Equity Share.

What CAMS FPO symbols in BSE?

Ans: BSE: 543218

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