Suyog Gurbaxani Funicular Ropeways Limited
Fixed Price IPO · BSE
- Price band
- ₹45 - ₹45
- Lot size
- 3,000 shares
- Issue amount
- ₹29.5 cr
- Total subscription
- 0×
- Opens
- 1 Nov 2021
- Closes
- 8 Nov 2021
- Allotment
- 11 Nov 2021
- Listing
- 16 Nov 2021
Offer at a glance
Issue overview
- Issue size
- 65,55,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,35,000
- Fresh issue
- ₹5.25 cr
- Offer for sale
- ₹22.75 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,35,000
- Issue type
- Fixed Price IPO
- Shares before issue
- 2,33,62,222
- Shares after issue
- 2,48,62,222
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 3,000 | ₹1,35,000 |
| HNI | 2 | 6,000 | ₹2,70,000 |
Share reservation
Subscription & GMP
Subscription by category
Subscription figures are awaiting publication.
GMP history
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Company information
Company profile
Incorporated in 2010, Suyog Gurbaxani Funicular Ropeways Limited is an infrastructure company that designs, builds, and operates Funicular Ropeway Systems using a Build, Operate, and Transfer (BOT) model. The company has completed a project at Saptashrungi Gad Temple in Nashik, Maharashtra, which includes a ropeway system with two air-conditioned coaches carrying 60 passengers each, a shopping mall with 50 shops, parking for over 150 vehicles, a 28-room hotel, a multi-cuisine restaurant, and a coffee shop, spread over 10 acres. The company holds possession of this project until 2034, after which it will be transferred to the Government of Maharashtra. As of March 31, 2021, Suyog Gurbaxani employs 205 people, including managerial staff and project employees, and also hires temporary labor as needed.
Strengths
- End-to-End Solutions: Provides complete in-house capabilities for BOT Ropeway projects.
- Strong Financial Relationships: Trusted by leading banks and financial institutions for funding.
- Government Connections: Maintains cordial ties with various Maharashtra government departments.
- Experienced Management: Led by a skilled and capable team.
- Efficient Business Model: Optimized for smooth operations and profitability.
- Tourism Focus: Dedicated to promoting tourism through projects.
Promoters
Mr. Rajkumar Gurbaxani,
Mr. Omprakash Gurbaxani
Shivshankar Lature
Registrar & documents
Lead manager
Aryaman Financial Services Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
18, Suyog Industrial Estate, 1st Floor, LBS Marg, Vikhroli West, Mumbai – 400 083
+91 – 22 – 2579 5516
[email protected]Company website ↗Understanding SGFRL IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.