Compiled in 2010, Suyog Gurbaxani Funicular Ropewas Limited is an infrastructure and construction development company engaged in the construction and operation of Funicular Ropeways Systems. The company currently uses Build, Operate, and Transfer Mode (BOT) in its business operations.
They have completed the construction of the Funicular Ropeway System project (also known as the Incline Ropeways) at the Saptashrungi Gad Temple in Vani, Nashik, Maharashtra. The project features a Funicular Ropeway System that combines two Air Conditioner cars / coaches that can carry up to 60 passengers at a time. A 50-storey shopping mall was built, with a parking space for more than 150 cars, including four-wheel drive and two-wheel drive. In this project, the company has also built a 28-room hotel and lodges, a state-of-the-art restaurant, and a coffee shop. The project is spread over an area of about 10 hectares. The project is available to the company until 2034, after which it will be handed over to the Maharashtra Government.
As of March 31, 2021, the company has employed 205 people, including Key Executive Officers, Senior Directors, head office staff, and staff at our Saptashrungi Gad temple project. They also hire temporary and temporary contract workers.
- In-house capabilities to provide end-to-end solutions for BOT Ropeway projects.
- Goodwill with various leading banks and financial institutions for raising funds.
- Cordial relationship with various departments of Government Maharashtra.
- Experienced management.
- Efficient Business Model.
- Focus on promotion of tourism.
Mr. Rajkumar Gurbaxani, Mr. Omprakash Gurbaxani and Shivshankar Lature are the company promoters.
|Particulars||For the year/period ended (₹ in Millions)|
|Profit After Tax||(79.34)||(18.81)||(34.84)|
Objects Of The Issue
The net proceed from the IPO will be utilized towards the following purposes;
- Repayment of loans
- Funding expenditure for general corporate purposes
Suyog Gurbaxani Funicular Ropeways IPO Details
|IPO Opening Date||Nov 01, 2021|
|IPO Closing Date||Nov 08, 2021|
|Issue Type||Fixed Price Issue IPO|
|Face Value||₹10 per equity share|
|IPO Price||₹45 per equity share|
|Market Lot||3000 Shares|
|Min Order Quantity||3000 Shares|
|Listing At||BSE SME|
|Issue Size||6,555,000 Eq Shares of ₹10|
(aggregating up to ₹29.50 Cr)
|Fresh Issue||1,500,000 Eq Shares of ₹10|
(aggregating up to ₹6.75 Cr)
|Offer for Sale||5,055,000 Eq Shares of ₹10|
(aggregating up to ₹22.75 Cr)
Suyog Gurbaxani Funicular Ropeways IPO Lot Size
Suyog Gurbaxani Funicular Ropeways IPO Promoter Holding
|Pre Issue Share Holding||90.57%|
|Post Issue Share Holding|
Company Contact Information
|Suyog Gurbaxani Funicular Ropeways Limited|
18, Suyog Industrial Estate,
1st Floor, LBS Marg, Vikhroli West,
Mumbai – 400 083
Phone: +91 – 22 – 2579 5516
Suyog Gurbaxani Funicular Ropeways IPO Registrar
|KFintech Private Limited|
Phone: 04067162222, 04079611000
Suyog Gurbaxani Funicular Ropeways IPO FAQs
|When Suyog Gurbaxani Funicular Ropeways IPO will open?|
The Suyog Gurbaxani Funicular Ropeways IPO dates are 01 Nov 2021 To 08 Nov 2021.
|What is the lot size of Suyog Gurbaxani Funicular Ropeways IPO?|
Suyog Gurbaxani Funicular Ropeways IPO lot size and the minimum order quantity is 3000 Shares.
|How to apply for Suyog Gurbaxani Funicular Ropeways IPO?|
You can apply in Suyog Gurbaxani Funicular Ropeways IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services.
|When is Suyog Gurbaxani Funicular Ropeways IPO listing date?|
The Suyog Gurbaxani Funicular Ropeways IPO listing date is not announced. The date of Suyog Gurbaxani Funicular Ropeways IPO listing is .