Suyog Gurbaxani Funicular Ropeways IPO Details

Suyog Gurbaxani Funicular Ropeways IPO Date, Price, GMP, Review, Allotment, Subscription, Analysis & Documents

GMP

Subscription Status

Allotment Status

About Suyog Gurbaxani Funicular Ropeways

Suyog Gurbaxani Funicular Ropeways is an infrastructure development and constructions company engaged in building & operating the Funicular Ropeways Systems. The company is currently involved in an Infrastructural Development project through a Build, Operate and Transfer mode (“BOT”) wherein, the company hase completed the construction of a Funicular Ropeway System project (also known as Incline Ropeways) at Saptashrungi Gad Temple situated at Vani, Nashik, Maharashtra.

Saptashrungi Gad Temple is a popular destination for devotees where people come from all over India for taking the blessings of Goddess and this temple experiences a large number of visitors throughout the years and also experiences some of the peak seasons at the time of Navratri festivals which happens two times in a year. The project is spread over in an area of 10 acres, which houses the funicular ropeway system, a shopping mall, a parking facility and a hotel facility.

The Saptashrungi Project primarily has a Funicular Ropeway System consisting of 2 Air Conditioner funicular vehicles / coaches which can carry 60 passengers/ devotees at a time. The Shopping complex, forming a part of the project, provides the facility of more than 50 shops providing various buying avenues to the visitors including food shops. The parking facility built in the vicinity of the funicular ropeway, has a capacity of more than 150 vehicles including four wheelers and two wheelers. Lastly, the company also constructed a hotel which houses 28 guest rooms & dormitories, a multi cuisine restaurant and a coffee shop.

Strengths

  • Integrated in-house execution capabilities
  • Ability of obtain funding for Projects
  • Cordial Client Relations
  • Management Expertise
  • Efficient Business Model and Low Labour Costs
  • Promoting and Encouraging Tourism

Important Details – Suyog Gurbaxani Funicular Ropeways

DateDetails
February 11, 2010The company was incorporated as Suyog Gurbaxani Funicular Ropeways Private Limited, Mumbai
August 21, 2017The status of the Company was changed to public limited and the name of the company was changed to Suyog Gurbaxani Funicular Ropeways Limited

Objects of the Issue

  • Repayment of loans
  • Funding expenditure for General Corporate Purposes

Suyog Gurbaxani Funicular Ropeways Limited Financials:

Summary of financial Information (Restated Consolidated Statement)

Particulars For the year ended (₹ in Lakhs)
  31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 8,619.66 8,871.24 9,410.58
Total income 447.79 1,319.29 790.67
Total Expenses 1,241.20 1,507.39 1,139.07
Profit After Tax (793.40) (188.10) (348.40)

Suyog Gurbaxani Funicular Ropeways IPO Price – Details

DetailsSGFRL IPO Details
Public IssueInitial Public Offer of  up to 65,55,000 Equity Shares of ₹ 10 aggregating upto ₹ 2,949.75 Lakhs – Fresh Issue of 15,00,000 equity shares aggregating ₹ 675.00 lakhs and an offer of sale of 50,55,000 equity shares aggregating ₹ 2,274.75 lakhs
Issue Open  Date01-Nov-21
Issue Close Date08-Nov-21
Issue TypeFixed Price
IPO Price Band₹ 45
Face Value ₹ 10
Market Lot 3000 Equity Shares and in multiples thereof
Minimum Order Quantity 3000 Equity Shares
Maximum Subscription Amount for Retail InvestorRs. 2,00,000
Listing BSE SME
NSE SymbolSGFRL
IPO Market Timings 10.00 a.m. to 5.00 p.m.

Suyog Gurbaxani Funicular Ropeways IPO Lot Size

ApplicationLotsNo of SharesAmount (Rs)
Minimum13000₹ 1,35,000
Maximum13000₹ 1,35,000

Suyog Gurbaxani Funicular Ropeways IPO Lead Managers

  • Aryaman Financial Services Ltd

Suyog Gurbaxani Funicular Ropeways IPO Registrar

Suyog Gurbaxani Funicular Ropeways IPO Allotment Date, Listing Date and other Important Dates

DetailsDate
Bid / Offer Opens on01-Nov-21
Bid / Offer Closes on08-Nov-21
Finalisation of Basis of Allotment11-Nov-21
Initiation of refunds 12-Nov-21
Credit of the Equity Shares15-Nov-21
Listing Date16-Nov-21

Company Peers – Comparison of Accounting Ratios

There are no listed companies in India that engage in a business similar to that of the company. Accordingly, it is not possible to provide a comparison with listed industry peers in relation to the company

Company Registered Office

18, Suyog Industrial Estate,
1st Floor, LBS Marg,
Vikhroli West,
Mumbai – 400 083
Website: www.sgfrl.com

Company Promoters

  • Mr. Rajkumar Gurbaxani,
  • Mr. Omprakash Gurbaxani
  • Mr. Shivshankar Lature

Suyog Gurbaxani Funicular Ropeways IPO – FAQS

What is the SGFRL IPO Price?

The SGFRL IPO price band is 45 per share

When Suyog Gurbaxani Funicular Ropeways IPO will open?

The Suyog Gurbaxani Funicular Ropeways IPO opens on Nov 01, 2021 and closes on Nov 08, 2021

What is the lot size of Suyog Gurbaxani Funicular Ropeways IPO?

The Suyog Gurbaxani Funicular Ropeways IPO lot size is 3000 Equity Shares and the minimum order quantity is 3000 Equity Shares

Who is the Registrar for Suyog Gurbaxani Funicular Ropeways IPO?

The Registrar for Suyog Gurbaxani Funicular Ropeways IPO is KFin Technologies Private Limited

How to apply in Suyog Gurbaxani Funicular Ropeways IPO through UPI?

Check the step by step process here – Click here

How to apply in Suyog Gurbaxani Funicular Ropeways IPO through Zerodha?

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