Suyog Gurbaxani Funicular Ropeways Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 3,111,000 (47%) | — | ₹1,400 Cr |
| Retail | — | 3,111,000 (47%) | — | ₹1,400 Cr |
| Market Maker | — | 333,000 (5%) | — | ₹15 Cr |
| Σ Total | — | 6,555,000 (100%) | — | ₹29,498 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹135,000 |
| Retail (Max) | 13 | 39,000 | ₹1,755,000 |
| S-HNI (Min) | 14 | 42,000 | ₹1,890,000 |
| B-HNI (Min) | 67 | 201,000 | ₹9,045,000 |
Financial Statements Amount in Crore
| Metric | 30-Jun-21 | 31-Mar-21 | 31-Mar-20 |
|---|---|---|---|
| Revenue | 0 | 4 | 13 |
| Profit After Tax | 2 | 8 | 2 |
| Total Assets | 84 | 86 | 89 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Repayment of loans – 5.00
- 2 General Corporate Purposes – 1.37
Company Overview
Incorporated in 2010, Suyog Gurbaxani Funicular Ropeways Limited is an infrastructure development & constructions company engaged in building & operating the Funicular Ropeways Systems. The company currently employs a Build, Operate, and Transfer Mode (BOT) for its business operations.
They have completed the construction of a Funicular Ropeway System project (also known as Incline Ropeways) at Saptashrungi Gad Temple situated at Vani, Nashik, Maharashtra. The project consists of a Funicular Ropeway System consisting of 2 Air Conditioner funicular vehicles/coaches which can carry 60 passengers at a time. A shopping mall with 50 shops, along with a parking lot with a capacity of more than 150 vehicles including four-wheelers and two-wheelers has also been constructed. In this project, the company also constructed a hotel with 28 guest rooms & dormitories, a multi-cuisine restaurant, and a coffee shop. The project spreads over an area of approximately 10 acres. The possession of this project is available with the company till 2034, after which it will be handed over to the Government of Maharashtra.
As of March 31, 2021, the company employs 205 people, including Key Managerial Personnel, Executive Directors, employees in head office, and employees at our Saptashrungi Gad temple project. They also hire casual and temporary contract labor from time to time.
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.