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| Prospectus synopsis |
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Phone:91-22-4015 4746/+91-22 4015 4764 Fax:
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| Initial public offering of 11,111,111^ equity shares of face value Rs. 5 each ("Equity Shares") of Suraj Estate Developers Limited ("The Company" or the "Issuer") for cash at a price of Rs. 360 per equity share (including a securities premium of Rs. 355 per equity share) ("Issue Price"), aggregating to Rs. 400.00 crores^ (the "Issue"). The issue constitutes 25.05% of the post-issue paid-up equity share capital of the company.
The face value of equity shares is Rs. 5 each. The issue price is 72 times the face value of the equity shares.
^Subject to finalization basis the allotment
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| 18-Dec-23 |
20-Dec-23 |
Rs
360.00-0.00
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Rs
0.00-0.00
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| Minimum Application for shares in Nos :
41
Further Multiples of :
41
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| Project Cost |
364.73 |
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| Project Financed through Current Offer |
400.00 |
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| Post Issue Equity Share Capital |
22.18 |
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| Issue Price |
Rs.360.00
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Repayment/prepayment of the aggregate outstanding borrowings of the company and the company subsidiary, Accord Estates Pvt Ltd, Iconic Property Developers Pvt Ltd and Skyline Realty Pvt Ltd
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Acquisition of land or land development rights
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General corporate purposes
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