Suraj Estate IPO: The initial public offering (IPO) of Suraj Estate Developers Limited has opened on Monday, December 18 and it will remain open till 20th December 2023 i.e. till Wednesday this week.
This means, Suraj Estate IPO date of subscription will remain open from Monday to Wednesday this week. The realty company has fixed Suraj Estate IPO price band at ₹340 to ₹360 per equity share.
It aims to raise ₹400 crore from its initial offer via issuance of fresh share 1.The Covid-19 pandemic adversely affects Suraj Estate'ss business, financial condition, results of operations, cash flows, liquidity and performance, and it may reduce the demand for its projects in future Also Read- NSE IPO: SEBI lays down conditions to launch IPO, here’s all you need to know 2.There are certain outstanding litigation proceedings involving its Company, Subsidiaries, Directors, Promoter and Group Companies an adverse outcome in which, may have an adverse impact on its reputation, business, financial condition, results of operations and cash flow 3. Suraj Estate may not be able to successfully identify and acquire suitable land or development rights, which may affect its business and growth prospects 4.
Suraj Estate's indebtedness and the conditions and restrictions imposed by its financing agreements could adversely affect its ability to conduct its business and operations 5.Certain unsecured loans have been availed by the Company which may be recalled by lenders at any time 6.Any negative cash flows in the future would adversely affect Suraj Estate's cash flow requirements, which may adversely affect its ability to operate its business and implement its growth plans, thereby affecting its financial condition. 7.
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