In this article, we will discuss in detail the Suyog Gurbaxani Funicular Ropeways IPO dates, size, 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 Date | NA |
| Close Date | NA |
| IPO Price Band | NA |
| Face Value | Rs. 10 |
| No. of Shares | 63,56,000 |
| Share Price | NA |
| Share Premium | NA |
Summary – Suyog Gurbaxani Funicular Ropeways Limited
They are an infrastructure development and construction company engaged in building & operating 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 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 / Date | QIB | NII | RII | Total 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 the Goddess 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 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 that 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 were allocated to them for the period of twenty years and seven months which later on extended for a total period of three years 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 the Standalone statement:-
| Amount (in INR & lakhs) |
|||
| 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | |
| Total Assets | 9,410.58 | 9,349.13 | 8,346.75 |
| Total Revenue | 790.67 | – | – |
| Total Expense | 1,139.07 | – | – |
| 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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