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December 18, 2023 - December 20, 2023

Suraj Estate Developers IPO Review & Recommendations

Arihant Capital Markets Ltd, BP Equities (BP Wealth), Dilip Davda, Geojit Securities Ltd, Indsec Securities, SMIFS Limited and Swastika Investmart Ltd have given "Apply" recommendation to Suraj Estate Developers IPO. Capital Market has "Neutral" view about the IPO. Axis Capital and Ventura Securities Limited have "Not Rated" the IPO.

Suraj Estate Developers IPO Review Summary from brokers and analysts

Review By Apply May Apply Neutral Avoid Not Rated
Count 7 0 1 0 2
% 70.00 0.00 10.00 0.00 20.00

Suraj Estate Developers IPO Analysis By Brokers/Analysts

Suraj Estate Developers IPO Capital Market Rating

The Captial Market (CapitalMarket.com) rating for Suraj Estate Developers IPO is 44. Their analysis recommends Avoid, however active risk seekers can try for the IPO.

Reviewer Rating Score Rating
Capital Market 44 Avoid, however active risk seekers can try

Suraj Estate Developers IPO Review by Dilip Davda (Apply)

[Dilip Davda]  SEDL specialized in regulation 33(7) of DCPR. It has earned name and fame with prestigious projects like ICICI Apartments, NEAT House, Saraswat Bank Bhavan, CCIL Bhavan, etc. and has also created a niche place in redevelopment of chawl, societies and private properties. It has posted steady growth for the reported periods and the management is confident of repeating the same with the work on hand and the land parcel bank. Based on FY24 annualized earnings, the issue appears fully priced. Investors may park funds for the medium to long term rewards. Read detail review...

Suraj Estate Developers IPO Peer Comparison

Suraj Estate Developers Limited peer comparison with similar listed entities. (As on March 31, 2023)

Company NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)Financial statements
Suraj Estate Developers Limited10.1010.1022.4958.18Consolidated
Oberoi Realty Limited52.3852.38335.8120.4416.83Consolidated
Sunteck Realty Limited0.100.10198.453,724.500.62Consolidated
Keystone Realtors Limited7.677.67146.5979.586.29Consolidated
Shriram Properties Limited3.883.8870.5817.025.63Consolidated
Mahindra Lifespace Developers Limited6.566.56116.7573.915.64Consolidated
D B Realty Limited-2.94-2.9460.69-25.85-5.93Consolidated
Hubtown Limited4.164.16171.0310.932.03Consolidated

Notes:

  1. All the financial information for the listed industry peer mentioned here is on a consolidated basis and is sourced from the annual audited financial results of the listed peer for the year ended March 31, 2023.
  2. All the financial information for Suraj Estate Developers Limited is on a consolidated basis and is based on the Restated Financial Information for the year ended March 31, 2023.
  3. For listed peers, Net Asset Value (NAV) is computed as equity attributable to owners (total equity) divided by the number of equity shares outstanding at the end of the year.
  4. For listed peers, the P/E Ratio has been computed based on the closing market price of equity shares on the website of BSE as of July 19, 2023, divided by the Basic EPS.
  5. For listed peers, return on Net Worth for equity shareholders (%) (RONW) = Profit for the year divided by total average equity.

Suraj Estate Developers IPO Review by Members

Suraj Estate Developers IPO Reviews, analysis and views by popular members. Read Suraj Estate Developers Limited IPO reviews by retail investors to find recommended ipo to buy.

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Suraj Estate Developers IPO Review Summary by Members

Review By Apply May Apply Neutral Avoid
Count 1 2 0 0
% 33.33 66.67 0.00 0.00
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Member Review
Baby V M

May Apply for Listing Gain at Cut-off Price

Seen good potential in the real estate industry.

December 8, 2023 10:24:39 AM
Crow
IPO Mentor IPO Mentor (900+ Posts, 1100+ Likes)

May Apply for Listing Gain at Cut-off Price

Average SoBo realtor focusing on luxury apartments. Decent bet if QIB is enthusiastic.

December 19, 2023 3:23:50 PM
parmod gupta
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)

Apply for Listing Gain at Cut-off Price

Good company business

December 9, 2023 6:13:29 PM

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