Suyog Gurbaxani Funicular Ropeways Limited
ListedSMEIndustrials · BSE
Incorporated in 2010, Suyog Gurbaxani Funicular Ropeways Limited is an infrastructure company that designs, builds, and operates Funicular Ropeway Systems using a Build, Operate, and Transfer (BOT) model. The company has completed a project at Saptashrungi Gad Temple in Nashik, Maharashtra, which includes a ropeway system with two air-conditioned coaches carrying 60 passengers each, a shopping mall with 50 shops, parking for over 150 vehicles, a 28-room hotel, a multi-cuisine restaurant, and a coffee shop, spread over 10 acres. The company holds possession of this project until 2034, after which it will be transferred to the Government of Maharashtra. As of March 31, 2021, Suyog Gurbaxani employs 205 people, including managerial staff and project employees, and also hires temporary labor as needed.
Price Band
₹45
Issue Size
₹29.50 Cr
Lot Size
3000 shares
GMP
—
Est. Listing
₹45
at current GMP
Subscribed
—
Open
1 Nov 2021
Close
8 Nov 2021
Allotment
11 Nov 2021
Refund
12 Nov 2021
Demat Credit
13 Nov 2021
Listing
16 Nov 2021
Last updated 11 months ago
Official Registrar Verification
Suyog Gurbaxani Funicular Ropeways Limited Allotment Status
Designated Registrar: Kfin Technologies Limited
Allotment Date
11 Nov 2021
Basis finalization
Refunds Initiate
12 Nov 2021
Mandate release
Demat Credit
13 Nov 2021
Shares in demat
Listing Debut
16 Nov 2021
Trading begins
How to Check Suyog Gurbaxani Funicular Ropeways Limited IPO Allotment Status
- Click the Check on Registrar button above to visit Kfin Technologies Limited's allotment portal.
- Select Suyog Gurbaxani Funicular Ropeways Limited from the dropdown company list.
- Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
- Enter your details accurately and solve the Captcha code.
- Click Submit / Search to view the number of shares applied and allotted to you.
About Suyog Gurbaxani Funicular Ropeways Limited Public Issue & Market Profile
Suyog Gurbaxani Funicular Ropeways Limited is bringing an initial public offering (IPO) in the Industrials sector with an aggregate issue size of ₹29.5 Crores. The shares are offered at a price band of ₹45 to ₹45 per equity share on BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Public Issue & Allotment Procedure:
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 3000 shares (approx. ₹1,35,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Official Allotment Timelines & Registrar Guidance:
Allotment reconciliation will be managed by Kfin Technologies Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2021-11-13, while un-allotted funds or UPI block mandates will be released on 2021-11-12.
Frequently Asked Questions
What if my name is not showing on the registrar portal?
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
How will I receive the refund if I don't get allotment?
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.