Suraj Estate Developers Ltd - IPO

Suraj Estate Developers Ltd IPO Details

Initial public offering of 11,111,111^ equity shares of face value Rs. 5 each (Equity Shares) of Suraj Estate Developers Limited (The Company or the Issuer) for cash at a price of Rs. 360 per equity share (including a securities premium of Rs. 355 per equity share) (Issue Price), aggregating to Rs. 400.00 crores^ (the Issue). The issue constitutes 25.05% of the post-issue paid-up equity share capital of the company. The face value of equity shares is Rs. 5 each. The issue price is 72 times the face value of the equity shares.^Subject to finalization basis the allotment

Objective of issue

Repayment/prepayment of the aggregate outstanding borrowings of the company and the company subsidiary, Accord Estates Pvt Ltd, Iconic Property Developers Pvt Ltd and Skyline Realty Pvt Ltd. Acquisition of land or land development rights. General corporate purposes.

Suraj Estate Developers Ltd Contact Details

Suraj Estate Developers Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - suraj@surajestate.com

Website - www.surajestate.com