Suratwwala Business Group IPO
(i) Founded in 2008, they are a real estate development company primarily focusing on the development of residential and commercial projects in the Pune district. The business activities comprise of development and sale of residential as well as commercial properties and the maintenance of the properties developed by us. Apart from the development and maintenance business, they also focus on providing the space on rent such as renting for mobile towers, hoardings, and banners on building or renting of the unsold space for short durations.
(ii) The Company has so far completed one commercial and one residential project, both of which are located in the Pune district. The Commercial Project, namely, Suratwwala Mark Plazzo – Phase I, located in Hinjawadi, Pune is built on a land area of 4525 sq. mts. and comprises 9 floors having space for 95 offices, 5 Multipurpose showrooms which can be used as restaurants, shops or showrooms, and one rooftop restaurant. They commenced the construction of Suratwwala Mark Plazzo – Phase I in July’15 and successfully completed it in July’16. They are now in the process to develop Phase II of the said commercial project.
(iii) The Residential Project, Suratwwala Sweet 16 was company’s first real estate project undertaken by the Company in September 2008 which was completed in June 2010. The project includes 16 one BHK Apartments which are available in the size of the saleable area of around 678 sq. ft to 712 sq. ft. The total land area of the project is 870 sq. mtrs.
Objects of the Suratwwala Business Group IPO:
Suratwwala Business Group IPO Details:
|Open Date:||Aug 03 2020|
|Close Date:||Aug 05 2020|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Fixed Issue price|
|Issue Size:||6.90 Cr.|
|Lot Size:||8000 Shares|
|Issue Price:||₹ 15 Per Equity Share|
|Listing At:||BSE SME|
|Listing Date:||Aug 13 2020|