Suratwwala Business Group Ltd.

Suratwwala Business Group Ltd. IPO Details

Suratwwala Business Group Ltd. IPO Subscription Period From 3rd August To 5th August 2020:

To begin with, Suratwwala Business Group Ltd. embodied in 2008 and located in Pune. Certainly, the company mainly involved in the development, sale, and maintenance of properties. Also, Suratwwala providing the space on rent for banners, hoarding, and towers on buildings. The IPO subscription period will start on 3rd August and it will end on 5th August 2020. 

Suratwwala Business Group Ltd. IPO Details:

Bid Period 3rd August to 5th August 2020
IPO Type  Fixed Price Issue IPO
IPO Size 46,00,000 Equity Shares of Rs. 10 (aggregating up to Rs. 6.90 Cr)
Face Value Rs. 10 Per Equity Share
IPO Period Rs. 15 Per Equity Share
Market Lot 8,000 Shares
Minimum Order Quantity 8,000 Shares
Listing At BSE SME
P/E (x) 83
Market Capitalization 26.01

The company introduced a ‘Fixed Price Issue IPO‘ type initial public offering with the face value of Rs. 10 per equity share. Initially, Suratwwala Business Group provided an issue size of 46,00,000 equity shares with an aggregating of Rs. 6.90 Cr. Similarly, the price band of the issue from Rs. 15 per equity share.

The market lot and minimum order quantity of the issue is 8,000 shares per each. If any investor should invest in this company with a minimum investment amount of Rs. 1,20,000 (1 lot=8,000 shares). Also, the maximum investment amount of Rs. 1,20,000 (1 lot= 8,000 shares).

Promoter Holdings:

The promoters of the company are Mr. Jatin Dhansukhlal and Mr. Manoj Dhansukhlal.

Pre Issue Share Holding 99.92%
Post Issue Share Holding  73.42%

The object of the company, it plans to utilize the IPO raised amount for the working capital requirements, general corporate purpose, and issue expenses. The company shares will be list on BSE SME

IPO Registrar:

Link Intime India Private Ltd.

C 101, 247 Park, L.B.S.Marg,

Vikhroli (West), Mumbai – 400083

Phone: +91-22-4918 6270

Email: [email protected]


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