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The firm is involved in the construction and operation of Funicular Ropeway Systems. It is now participating in an Infrastructural Development project using the Build, Operate, and Transfer (BOT) approach, where it has completed the building of a Funicular Ropeway System project (also known as Incline Ropeways) at Saptashrungi Gad Temple in Vani, Nashik, Maharashtra. This project covers an area of 10 acres and includes a funicular ropeway system, a shopping centre, a parking facility, and a hotel. This project is offered for purchase by the corporation until 2034.
This is the first funicular ropeway trolley system in the country. In 2008-09, the Maharashtra government, through the PWD Nashik, began the process of constructing a funicular ropeway with the goal of encouraging tourism. The project was given to the business in 2009-10.
The system is made up of two Air Conditioner funicular vehicles/coaches that can transport up to 60 passengers/devotees at a time. The project also includes a retail centre with over 50 stores, a parking facility with over 150 parking spaces, and a hotel with 28 guest rooms and dorms, a multi-cuisine restaurant, and a coffee shop.
| Subscription Dates | 1 – 8 November 2021 |
| Price Band | INR45 per share |
| Fresh issue | 15,00,000 shares (INR6.75 crore) |
| Offer For Sale | 50,55,000 shares (INR22.75 crore) |
| Total IPO size | 65,55,000 shares (INR29.50 crore) |
| Minimum bid (lot size) | 3,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE Emerge SME platform |
| FY2019 | FY2020 | FY2021 | Q1 FY2022 |
Revenue | 790.7 | 1,319.3 | 447.8 | 0.11 |
Expenses | 1,139.1 | 1,507.4 | 1,241.2 | 232.4 |
Net income | (348.4) | (188.1) | (793.4) | (232.3) |
Earnings Per Share (EPS): (INR3.91)
Price/Earnings (PE ratio): NA
Return on Net Worth (RONW): (113.58%)
Net Asset Value (NAV): INR3.44 per share
Company Name | Listed On | Issue Price | Listing Day Close | Listing Day Gain |
Suyog Gurbaxani Funicular Ropeways Limited IPO | Nov 16, 2021 | 45 | 45.1 | 0.22 |
NSE : NA
ISIN CODE : INE07GA01011
BSE : 543391
Dilip Davda – Avoid
IPO Opening Date: 1 November 2021
IPO Closing Date: 8 November 2021
Finalisation of Basis of Allotment: 11 November 2021
Initiation of refunds: 12 November 2021
Transfer of shares to demat accounts: 15 November 2021
Listing Date: 16 November 2021
Opening Price on BSE: Coming soon
Closing Price on BSE: Coming soon
KFin Technologies Private Limited
Selenium Tower B, Plot 31-32, Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222
Fax: +91 40 2343 1551
Email: einward.ris@kfintech.com
Website: www.kfintech.com
18, Suyog Industrial Estate, 1st Floor
LBS Marg, Vikhroli West,Mumbai – 400 083
Phone: +91 22 2579 5516
Email: investor@sgfrl.com
Website: www.sgfrl.com
Category | Non-retail | Retail | Total |
Shares Offered | 32,77,500 | 32,77,500 | 65,55,000 |
Day 1 | 1.09 | 0.06 | 0.57 |
Day 2 | 1.38 | 0.11 | 0.75 |
Day 3 | 1.82 | 0.17 | 0.99 |
Day 4 | 1.97 | 0.55 | 1.26 |
Suyog Gurbaxani Funicular Ropeways Limited IPO is a SME IPO of ₹45 per equity share with a face value of ₹10 per equity share.
The issue size is priced at 6,555,000 Eq Shares of ₹10 (aggregating up to ₹29.50 Crore). The initial public offering (IPO) begins on Nov 1, 2021 and ends on Nov 8, 2021. The minimum order quantity is 3000 Shares and Market Lot size is 3000 shares.
The registrar for the IPO is Link Intime India Private Ltd. The shares are proposed for listing on the BSE, SME.
The Suyog Gurbaxani Funicular Ropeways Limited IPO opening date is Nov 1, 2021 and closing date is Nov 8, 2021.
Suyog Gurbaxani Funicular Ropeways Limited IPO Market lot size is 3000 Shares and the minimum order quantity is 3000 Shares.
Suyog Gurbaxani Funicular Ropeways Limited IPO can be submitted online using either UPI or ASBA as a payment method. The ASBA IPO application is available in your bank’s net banking. Brokers who do not provide banking services provide UPI IPO applications. Learn more about online IPO applications from Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.
The Basis of Allotment for Suyog Gurbaxani Funicular Ropeways Limited IPO will be done on Nov 1, 2021 and the allotted shares will be credited to your demat account by Nov 8, 2021. Check the Suyog Gurbaxani Funicular Ropeways Limited IPO allotment status.
The Suyog Gurbaxani Funicular Ropeways Limited IPO listing date is Nov 16, 2021.
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