Suyog Gurbaxani Funicular Ropeways IPO Dates, Allotment, Bid Details, Price & Size

In this article, we will discuss in details about the Suyog Gurbaxani Funicular Ropeways IPO dates, size, its allotment status, Suyog Gurbaxani Funicular Ropeways IPO subscription, Suyog Gurbaxani Funicular Ropeways Grey market premium and its company’s financial status that will help you to conclude whether you should invest or subscribe for this IPO or not.

Suyog IPO Highlights
Open DateNA
Close DateNA
IPO Price BandNA
Face ValueRs. 10
No. of Shares63,56,000
Share PriceNA
Share PremiumNA

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Summary – Suyog Gurbaxani Funicular Ropeways Limited

SUYOG GURBAXANI FUNICULAR ROPEWAYS LIMITED IPO

They are 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, they have recently 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 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 Promoters of this company are Suyog Gurbaxani Funicular Ropeways Limited IPO is Mr. Rajkumar Gurbaxani, Mr. Omprakash Gurbaxani & Mr. Shivshankar Lature. The lead managers to the issue are Aryaman financial services limited and the Registrar to this issue is Karvy fintech private limited.


Suyog Gurbaxani Funicular Ropeways IPO Date

The opening and the closing date of Suyog Gurbaxani Funicular Ropeways IPO is [●].


Suyog Gurbaxani Funicular Ropeways IPO Subscription

Day / DateQIBNIIRIITotal Subscription
1st Day – Aug 5
2nd Day – Aug 6
3rd Day – Aug 7
Shares Offered or Net Issue

The shares subscribed by the public will be updated here.


SGFRL IPO Allotment Status

Here, you can find the Allotment Status of this IPO.


SGFRL IPO Grey Market Premium

The Suyog Gurbaxani Funicular Ropeways IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


SGFRL IPO Price Band

NA


SGFRL IPO Issue Size

The Initial Public Offer of up to 63,56,000 equity shares of the face value of Rs 10 each for cash at a price of Rs. [●] each, aggregating Rs. [●] lakhs, consisting of a Fresh Issue and an Offer for Sale


Suyog Gurbaxani Funicular Ropeways Limited – Company Overview

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 their 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, they also have constructed a hotel which houses 28 guest rooms & dormitories, a multi cuisine restaurant and a coffee shop.

Services provided in the Saptashrungi Project

The construction, operations and management of the Saptashrungi project was allocated to them for the period of twenty years and seven months which later on extended for a total period of three year one month and twenty seven days, the possession of this project is available with their Company till 2034, after completion of the above said period, the possession of the premises will be handed over to the Government of Maharashtra.

Suyog Gurbaxani Funicular Ropeways – Company Financials

On the basis of Standalone statement:-

Amount (in INR & lakhs)
31-Mar-1931-Mar-1831-Mar-17
Total Assets9,410.589,349.138,346.75
Total Revenue790.67
Total Expense1,139.07
Profit After Tax(348.40)

Suyog Gurbaxani Funicular Ropeways IPO Lead Managers

Lead Managers
ARYAMAN FINANCIAL SERVICES LIMITED
60, Khatau Building, Ground Floor,
Alkesh Dinesh Modi Marg, Fort, Mumbai – 400 001
Tel No.: +91 – 22 – 6216 6999
Email: ipo@afsl.co.in; Website: www.afsl.co.in
Investor Grievance Email: feedback@afsl.co.in
Contact Person: Mr. Sumit Gupta/ Ms. Kruti Bhatt
SEBI Registration No. INM000011344

Suyog Gurbaxani Funicular Ropeways Registrar to the Offer

Registrar to the Offer
KARVY FINTECH PRIVATE LIMITED
Karvy Selenium, Tower-B, Plot No. 31 & 32, Gachibowli, Financial
District, Nanakramguda, Serilingampally, Hyderabad – 500 032.
Tel No.: +91 – 40 – 6716 2222
Email: einward.ris@karvy.com; Website: www.karisma.karvy.com
Investor Grievance Email: sgfrl.ipo@karvy.com
Contact Person: Mr. M. Murali Krishna
SEBI Registration No.: INR000000221

Suyog Gurbaxani Funicular Ropeways IPO Conclusion

 


Suyog Gurbaxani Funicular Ropeways IPO News


 

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