Suyog Gurbaxani Funicular Ropeways Limited IPO (Suyog Gurbaxani Funicular Ropeways IPO)

Suyog Gurbaxani Funicular Ropeways IPO 2021
Latest Suyog Gurbaxani Funicular Ropeways IPO | New Suyog Gurbaxani Funicular Ropeways IPO

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.

Suyog Gurbaxani Funicular Ropeways IPO

Competitive Strengths

  • 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.

Company Promoters

Mr. Rajkumar Gurbaxani, Mr. Omprakash Gurbaxani and Shivshankar Lature are the company promoters.

Company Financials

ParticularsFor the year/period ended (₹ in Millions)
 31-Mar-2131-Mar-2031-Mar-19
Total Assets861.96887.12941.05
Total Revenue44.77131.9279.06
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 
Object Of The Issue

Suyog Gurbaxani Funicular Ropeways IPO Details

IPO Opening DateNov 01, 2021
IPO Closing DateNov 08, 2021
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price₹45 per equity share
Market Lot3000 Shares
Min Order Quantity3000 Shares
Listing AtBSE SME
Issue Size6,555,000 Eq Shares of ₹10
(aggregating up to ₹29.50 Cr)
Fresh Issue1,500,000 Eq Shares of ₹10
(aggregating up to ₹6.75 Cr)
Offer for Sale5,055,000 Eq Shares of ₹10
(aggregating up to ₹22.75 Cr)

Suyog Gurbaxani Funicular Ropeways IPO Lot Size

ApplicationLotsSharesAmount (Cut-off)
Minimum13000₹135,000
Maximum13000₹135,000

Suyog Gurbaxani Funicular Ropeways IPO Promoter Holding

Pre Issue Share Holding90.57%
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
Email: investor@sgfrl.com
Websitehttp://sgfrl.com/?v=6c8403f93333

Suyog Gurbaxani Funicular Ropeways IPO Registrar

KFintech Private Limited

Phone: 04067162222, 04079611000
Email: sgfrl.ipo@kfintech.com
Websitehttps://karisma.kfintech.com/

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 [].