Suraj Estate Developers IPO: Market Dominance and Financial Prospects Unpacked

Suraj Estate Developers, a key player in South Central Mumbai's real estate since 1986, is gearing up for its IPO. Specializing in both residential and commercial properties, they're expanding into Bandra's residential market while diversifying into boutique office spaces in Mahim.

Market Dominance and IPO Details

With a robust residential portfolio in prime Mumbai areas, Suraj Estate Developers leads in market share, positioning itself as a leader. The IPO, scheduled from December to December 2023, offers shares at Rs. 340 to Rs. 360. The issue size stands at Rs. 400.00 CR, emphasizing retail and other investors' participation.

Financial Snapshot and Timetable

The company's financials reflect steady growth in revenue and assets. The IPO timetable is slated as:

• Opening Date: 18 December 2023

• Closing Date: 20 December 2023

• Allotment Date: 21 December 2023

• Listing Date: 26 December 2023

Strengths and Weaknesses

The company's diversified portfolio and commitment to redevelopment are strengths, yet high debt levels and market concentration pose challenges, especially in Mumbai's specific market risks.

Investing in Suraj Estate Developers demands a balanced assessment. While it holds a strong market presence and diversified offerings, potential investors must weigh the risks associated with debt and market concentration.

Complete Analysis of Suraj Estate Developers IPO.