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Suyog Gurbaxani Funicular Ropeways IPO

SME IPO Status: Listed [1st Nov 2021 to 8th Nov 2021]

Rated 3/5 by Team InvestorGain
Suyog Gurbaxani Funicular Ropeways SME IPO Detail

Suyog Gurbaxani Funicular Ropeways IPO worth issue size of Rs 2,949.75 Lakh opens for subscription from 1 Nov to 8 Nov 2021. The face value per share is Rs. 10 and the IPO price is fixed at 4.5 times to Rs. 45. IPO lot size (minimum order quantity) is 3,000 shares and multiples of it. Stay updated to get a complete update about the Suyog Gurbaxani Funicular Ropeways IPO including financials, issue size, strengths, weaknesses, GMP, live subscription, allotment, and recommendations.

Suyog Gurbaxani Funicular Ropeways SME IPO Details

SME IPO Issue Opening Date: 1st Nov 2021
SME IPO Issue Closing Date: 8th Nov 2021
SME IPO Issue Price: ₹45 Per Share
DRHP: Download DRHP
Anchor List: Download Anchor List
IPO Listing At: BSE SME
Retail Quota: TBD
SME IPO Issue Type: Fixed Price Issue
SME IPO Issue Size: ₹29.50 Cr
Offer for Sale: 50,55,000 equity shares at ₹45 per share [Aggregating to ₹2274.75 Lakh]
Fresh Issue: 15,00,000 equity shares at ₹45 per share [Aggregating to ₹675 Lakh]
Face Value: ₹10 Per Equity Share
SME IPO Discount: NA
Promoter Holding Pre IPO: 90.57%
Promoter Holding Post IPO: TBD
BSE Code: 543391

Suyog Gurbaxani Funicular Ropeways SME IPO Important Dates

Get important updates regarding Suyog Gurbaxani Funicular Ropeways SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.

Suyog Gurbaxani Funicular Ropeways SME IPO dates
SME IPO Activity Date
Basis of Allotment Date* Not Yet Announced
Refunds Initiation* Not Yet Announced
Credit of Shares to Demat* Not Yet Announced
SME IPO Listing Date* 16th Nov 2021

* - Tentative Dates

Suyog Gurbaxani Funicular Ropeways SME IPO Lots

SME IPO Activity Date
Issue Price ₹45
Market Lot: 3000 Shares
1 Lot Amount: ₹135000
Min HNI Lots: 6000 shares(2 lots)
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.

About Company - Suyog Gurbaxani Funicular Ropeways

Suyog Gurbaxani Funicular Ropeways Limited is an infrastructure development and construction company. The firm has successfully completed the Funicular Ropeways System projects (Incline Ropeways) at Saptashrungi Gad Temple located at Vani, Nashik, Maharashtra. The Saptashrungi Project primarily consists of a Funicular Ropeway System including 2 Air conditioner funicular vehicle coaches, a shopping mall with 50+ shops, and a hotel with 28 guest rooms.

Suyog Gurbaxani Funicular Ropeways SME IPO Strengths

  • Integrated in-house project execution capabilities.
  • Strong funding ability from leading banks and other financial institutions in India.
  • Well qualified and experienced management team.
  • Efficient business model and low labour costs.
Incorporation Sector IPO Issue Size Website
2010 Construction ₹29.50 Cr http://www.sgfrl.com/

Suyog Gurbaxani Funicular Ropeways SME IPO Objective

The net proceed from the IPO will be utilized towards the following purposes;

  • To make repayment of loans availed by the company.
  • Meet general corporate purposes.
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Suyog Gurbaxani Funicular Ropeways SME IPO Live Subscription (NSE + BSE)

The table below is live update of SME IPO bidding details from NSE and BSE.

  • Non-Institutional Investors: 3,111,000 Shares
  • Retail Individual Investor: 3,111,000 Shares
IPO Bidding Live Updates from BSE + NSE
Day NIIRIITotal
 # of Shares Offered3,111,000 (50%)3,111,000 (50%)6,222,000
11st Nov 2021 05:401.15x0.06x0.60x
22nd Nov 2021 06:551.46x0.12x0.79x
33rd Nov 2021 10:061.92x0.18x1.05x
48th Nov 2021 05:521.98x0.56x1.27x
Suyog Gurbaxani Funicular Ropeways financial
Suyog Gurbaxani Funicular Ropeways Financials (In ₹Lakh) 31-Mar-2021 31-Mar-2020 31-Mar-2019
Total Assets ₹8,619.66 ₹8,871.24 ₹9,410.58
Total Income ₹447.79 ₹1,319.29 ₹790.67
Net Profit/Loss ₹(793.40) ₹(188.10) ₹(348.40)

Company Address

Suyog Gurbaxani Funicular Ropeways Limited
18, Suyog Industrial Estate, 1st Floor, LBS Marg, Vikhroli West,
Mumbai,Maharashtra-400 083
India
Website: http://www.sgfrl.com/
Phone: +91 - 22 - 2579 5516
Email: [email protected]

Suyog Gurbaxani Funicular Ropeways SME IPO Registrar

Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India - 500 032.
Website: https://kosmic.kfintech.com/ipostatus/
Phone: 04067162222, 04079611000
Email: [email protected]

Suyog Gurbaxani Funicular Ropeways SME IPO Lead Manager

Suyog Gurbaxani Funicular Ropeways SME IPO Important dates - Issue Open Date, close Date, SME IPO Listing Date. SME IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, SME IPO Listing date. What is the issue open date and close date for Suyog Gurbaxani Funicular Ropeways? Should I apply in Suyog Gurbaxani Funicular Ropeways SME IPO?

Last Updated on 17-Nov-2021 09:20:56


User Reviews

5. Neha kadel Oct 27 2021 02:15:31 AM Reply
Suyog Gurbaxani Funicular Ropeways SME IPO expected listing gain.
4. Rahul Digambar Ingole Oct 27 2021 02:15:31 AM Reply
Please confirm Suyog Gurbaxani Funicular Ropeways SME IPO GMP (grey market premium) and kostak.
3. Deepak kumar Oct 27 2021 02:15:31 AM Reply
Suyog Gurbaxani Funicular Ropeways SME IPO good or bad.
2. kajol majumder Oct 27 2021 02:15:31 AM Reply
Suyog Gurbaxani Funicular Ropeways SME IPO whether to invest or not.
1. Robin Kaushik  Oct 27 2021 02:15:31 AM Reply
Suyog Gurbaxani Funicular Ropeways SME IPO - CRISIL Rating, Apply or not?.