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Suyog Gurbaxani Funicular Ropeways IPO is a fixed price issue of Rs 29.50 crores. The issue is a combination of fresh issue of 15 lakh shares aggregating to Rs 6.75 crores and offer for sale of 50.55 lakh shares aggregating to Rs 22.75 crores.
Suyog Gurbaxani Funicular Ropeways IPO bidding started from November 1, 2021 and ended on November 8, 2021. The allotment for Suyog Gurbaxani Funicular Ropeways IPO was finalized on Thursday, November 11, 2021. The shares got listed on BSE SME on November 16, 2021.
Suyog Gurbaxani Funicular Ropeways IPO price is ₹45 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹135,000.
Aryaman Financial Services Limited is the book running lead manager of the Suyog Gurbaxani Funicular Ropeways IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Suyog Gurbaxani Funicular Ropeways IPO RHP for detailed information.
| IPO Date | November 1, 2021 to November 8, 2021 |
| Listing Date | November 16, 2021 |
| Face Value | ₹10 per share |
| Price | ₹45 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 6,555,000 shares (aggregating up to ₹29.50 Cr) |
| Fresh Issue | 1,500,000 shares (aggregating up to ₹6.75 Cr) |
| Offer for Sale | 5,055,000 shares of ₹10 (aggregating up to ₹22.75 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 23,362,222 |
| Share holding post issue | 24,862,222 |
| Market Maker portion | 333,000 shares |
Suyog Gurbaxani Funicular Ropeways IPO offers 6,555,000 shares. 3,111,000 (47.46%) to NII, 3,111,000 (47.46%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 333,000 (5.08%) |
| Other Shares Offered | 3,111,000 (47.46%) |
| Retail Shares Offered | 3,111,000 (47.46%) |
| Total Shares Offered | 6,555,000 (100%) |
Suyog Gurbaxani Funicular Ropeways IPO opens on November 1, 2021, and closes on November 8, 2021.
| IPO Open Date | Monday, November 1, 2021 |
| IPO Close Date | Monday, November 8, 2021 |
| Basis of Allotment | Thursday, November 11, 2021 |
| Initiation of Refunds | Friday, November 12, 2021 |
| Credit of Shares to Demat | Monday, November 15, 2021 |
| Listing Date | Tuesday, November 16, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 8, 2021 |
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹135,000 |
| Retail (Max) | 1 | 3000 | ₹135,000 |
| Lot Size Calculator | |||
Mr. Rajkumar Gurbaxani, Mr. Omprakash Gurbaxani and Shivshankar Lature are the company promoters.
| Share Holding Pre Issue | 90.57% |
| Share Holding Post Issue | 64.78% |
Incorporated in 2010, Suyog Gurbaxani Funicular Ropeways Limited is an infrastructure development & constructions company engaged in building & operating the Funicular Ropeways Systems. The company currently employs a Build, Operate, and Transfer Mode (BOT) for its business operations.
They have completed the construction of a Funicular Ropeway System project (also known as Incline Ropeways) at Saptashrungi Gad Temple situated at Vani, Nashik, Maharashtra. The project consists of a Funicular Ropeway System consisting of 2 Air Conditioner funicular vehicles/coaches which can carry 60 passengers at a time. A shopping mall with 50 shops, along with a parking lot with a capacity of more than 150 vehicles including four-wheelers and two-wheelers has also been constructed. In this project, the company also constructed a hotel with 28 guest rooms & dormitories, a multi-cuisine restaurant, and a coffee shop. The project spreads over an area of approximately 10 acres. The possession of this project is available with the company till 2034, after which it will be handed over to the Government of Maharashtra.
As of March 31, 2021, the company employs 205 people, including Key Managerial Personnel, Executive Directors, employees in head office, and employees at our Saptashrungi Gad temple project. They also hire casual and temporary contract labor from time to time.
Competitive Strengths:
| Particulars | For the year/period ended (₹ in Millions) | ||||
|---|---|---|---|---|---|
| 30-Jun-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | ||
| Total Assets | 843.12 | 861.96 | 887.12 | 941.05 | |
| Total Revenue | 0.01 | 44.77 | 131.92 | 79.06 | |
| Profit After Tax | (23.22) | (79.34) | (18.81) | (34.84) | |
The net proceed from the IPO will be utilized towards the following purposes;
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The Suyog Gurbaxani Funicular Ropeways IPO is subscribed 1.27 times on November 8, 2021 5:50:00 AM. The public issue subscribed 0.56 times in the retail category, times in the QIB category, and 1.98 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 1.98 |
| Retail | 0.56 |
| Total | 1.27 |
| Listing Date | November 16, 2021 |
| BSE Script Code | 543391 |
| NSE Symbol | |
| ISIN | INE07GA01011 |
| Final Issue Price | ₹45 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹45.00 |
| ₹45.45 |
| ₹45.10 |
| ₹45.45 |
| ₹45.10 |
Suyog Gurbaxani Funicular Ropeways Limited
18, Suyog Industrial Estate,
1st Floor, LBS Marg, Vikhroli West,
Mumbai – 400 083
Phone: +91 – 22 – 2579 5516
Email: investor@sgfrl.com
Website: http://sgfrl.com/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: sgfrl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
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Suyog Gurbaxani Funicular Ropeways IPO is a SME IPO of 6,555,000 equity shares of the face value of ₹10 aggregating up to ₹29.50 Crores. The issue is priced at ₹45 per share. The minimum order quantity is 3000 Shares.
The IPO opens on November 1, 2021, and closes on November 8, 2021.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Suyog Gurbaxani Funicular Ropeways IPO using UPI as a payment gateway. Zerodha customers can apply in Suyog Gurbaxani Funicular Ropeways IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Suyog Gurbaxani Funicular Ropeways IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Suyog Gurbaxani Funicular Ropeways IPO opens on November 1, 2021 and closes on November 8, 2021.
Suyog Gurbaxani Funicular Ropeways IPO lot size is 3000 Shares, and the minimum amount required is ₹135,000.
You can apply in Suyog Gurbaxani Funicular Ropeways IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Suyog Gurbaxani Funicular Ropeways IPO will be done on Thursday, November 11, 2021, and the allotted shares will be credited to your demat account by Monday, November 15, 2021. Check the Suyog Gurbaxani Funicular Ropeways IPO allotment status.
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And you can only use for darshan and not for proper traveling. And it is like essel world ride for kids you can go up and come down, slowly.