Suraj Estate Developers Ltd IPO

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Suraj Estate Developers' IPO includes a 400 crore INR fresh issue for debt reduction, land acquisition, and general corporate purposes.

Suraj Estate Developers Limited IPO

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Date: Dec 18 to Dec 20, 2023 Listing Date:  Dec 26, 2023 Price: INR 340 to - 360 per share Lot Size: 41 Shares Total Issue Size: 11,111,111 shares

Important Dates

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Suraj Estate Developers' improved profits & equity contrast with modest revenue growth, declining ratios, and inventory issues.

Fundamental Analysis

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Suraj Estate leads real estate with strong 58.18% RoNW, ₹10.10 EPS despite lower revenue; peers vary in performance.

 Peer Comparison

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Suraj Estate aims to cut borrowings, boost leverage for growth, acquire Mumbai land, and allocate remaining funds for corporate needs.

IPO Objective

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Suraj Estate faces risks from South Central Mumbai's real estate, including economic, regulatory uncertainties, financial instability.

Risks And Challenges

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