Suyog Gurbaxani Funicular Ropeways Limited IPO

Suyog Gurbaxani Funicular Ropeways Ltd.

IPO Listing Details

Listed On

BSE & NSE

Listed On

Issue Price

₹45

Issue Price

Listing Price

₹45

Listing Price

Listing Gains

+₹0.45 (+1.00%)

Listing Gains

IPO Details

Bidding Dates

01 Nov - 08 Nov '21

Bidding Dates

Min. Investment

₹135,000

Min. Investment

Lot Size

3000.00

Lot Size

Price Range

₹45.00 - ₹45.00

Price Range

Issue Size

29 Cr

Issue Size

IPO Doc

(D)RHP PDF  

(D)RHP PDF

About Suyog Gurbaxani Funicular Ropeways Ltd. IPO

This engineering and construction company is involved in the business of building ropeways by using inclined ropeway technology. Suyog Gurbaxani Funicular Ropeways Limited is also into offering services of parking, shopping and accommodation. Currently, the entity is operating and managing a funicular ropeway at Shri Saptashringi Nivasini Devi Temple about 65 kilometres away from Nashik in the state of Maharashtra. Date of incorporation of this company is 11th February, 2010 and its registered office is in Vikhroli, Mumbai. Hrishikesh D. Marathe, Rajkumar D. Gurbaxani, Omprakash D. Gurbaxani, Ramlal K. Sarote, and Shivshankar G. Lature are some of the directors of the company.

Why should you invest in Suyog Gurbaxani Funicular Ropeways Ltd. IPO?

Suyog Gurbaxani Funicular Ropeways IPO is a small and medium enterprise IPO requiring minimum investment of ₹1.35 lakhs. They have a live ropeway project of around 100 meters from the ground being operated and managed near Nashik district of Maharashtra. The project has two AC cable cars, a plaza with 50 odd shops and a guest house with more than 25 rooms.

They have a total assets of ₹862 million as per the balance sheet as on 31st March, 2021. The business model of the company looks systematised and the entity looks stacked up with resources to build the business stronger going ahead.


SWOT Analysis - Suyog Gurbaxani Funicular Ropeways Ltd. IPO

Strengths:

The company is capacitated with resources to supply ropeway related services and conveyance solutions. Their business pursuit is methodical and well ordered. They maintain a positive association with operating divisions of the Government of Maharashtra.

Weaknesses:

The financial statements of the company shows net profit after tax of ₹. 79.34 million for the financial year 2020-21. This is a bit of a concern and gives Suyog Gurbaxani Funicular Ropeways IPO a hint of weakness.

Opportunities:

With increasing demand for the travel industry, the company might have opportunities in future to serve other mountain peaks located in the state or country with their ropeway solutions.

Threats:

At the end of Q1 of FY 2021-22, company’s net asset value was less than ₹4 which is less than the FV of its share ₹10. Their earnings per share has been negative in the past three consecutive years. The maintenance cost of their current project is very high.



How to apply for Suyog Gurbaxani Funicular Ropeways Ltd. IPO?

You can apply for the Suyog Gurbaxani Funicular Ropeways Ltd. IPO in these ways:

UPI
Link your personal bank A/C to a trusted UPI ID and map it with your TradeSmart account. Now, proceed further to book your IPO. On acceptance of the mandate, the bid amount will get blocked in your bank account Learn more.

Demat Account

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Frequently Asked Questions (FAQs) - Suyog Gurbaxani Funicular Ropeways Ltd. IPO

1.What is the issue size of Suyog Gurbaxani Funicular Ropeways IPO?

The free issue size of Suyog Gurbaxani Funicular Ropeways IPO is ₹294.975 million. This consists of 6.55 million equity shares with ₹10 FV.

2.Where will the shares of Suyog Gurbaxani Funicular Ropeways Limited be listed?

The shares of Suyog Gurbaxani Funicular Ropeways Limited will be listed on Bombay Stock Exchange SME.

3.What will be the face value per unit of stock?

The face value per unit of the share shall be ₹10/-.

4.Who is leading to this SME issue?

Aryaman Financial Services Limited is the lead manager to this issue.

5.How much capital do I need to invest in Suyog Gurbaxani Funicular Ropeways IPO?

Since this is an SME IPO, a retail investor needs ₹135,000 to apply for one lot. The lot size of shares is 3000 units and price is ₹45 per share.

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