{"id":27756,"date":"2022-03-07T13:03:54","date_gmt":"2022-03-07T07:33:54","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-ipo-suraj-estate\/"},"modified":"2022-03-07T13:08:03","modified_gmt":"2022-03-07T07:38:03","slug":"biz-ipo-suraj-estate","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-ipo-suraj-estate\/","title":{"rendered":"Suraj Estate Developers files IPO papers with Sebi to raise Rs 500 cr"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1647793048\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p> New Delhi, Mar 7 (PTI) Suraj Estate Developers Ltd has filed preliminary papers with capital markets regulator Sebi to mop-up Rs 500 crore through an initial public offering (IPO).<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-217535818\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p> The funds will be raised through fresh issuance of equity shares, the draft red herring prospectus (DRHP) filed with Sebi showed on Monday.<\/p>\n<p> Funds to the tune of Rs 315 crore will be used for payment of the borrowings of the company and its subsidiaries &#8212; Accord Estates, Iconic Property Developers and Skyline Realty.<\/p>\n<p> Around Rs 45 crore will be utilised for acquisition of land or land development rights, besides, money will be used for general corporate purposes.<\/p><div class=\"trade-content_5\" id=\"trade-820553318\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> Suraj Estate Developers has been involved in the real estate business since 1986, and develops real estate across the residential and commercial sectors in the South Central Mumbai region.<\/p>\n<p> At present, the promoter and promoter group holds around 95 per cent stake in the company.<\/p>\n<p> Centrum Capital and Anand Rathi Advisors are the book running leads managers to the issue.<\/p>\n<p> Shares of the company will be listed on the BSE and NSE. PTI SP  DRR<\/p>\n<div class=\"trade-after-content\" id=\"trade-689932872\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Mar 7 (PTI) Suraj Estate Developers Ltd has filed preliminary papers with capital markets regulator Sebi to mop-up Rs 500 crore through an initial public offering (IPO). The funds will be raised through fresh issuance of equity shares, the draft red herring prospectus (DRHP) filed with Sebi showed on Monday. Funds to the [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1516,31],"tags":[],"class_list":["post-27756","post","type-post","status-publish","format-standard","hentry","category-ipo","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Suraj Estate Developers files IPO papers with Sebi to raise Rs 500 cr - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-ipo-suraj-estate\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Suraj Estate Developers files IPO papers with Sebi to raise Rs 500 cr\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Mar 7 (PTI) Suraj Estate Developers Ltd has filed preliminary papers with capital markets regulator Sebi to mop-up Rs 500 crore through an initial public offering (IPO). 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