Suyog Gurbaxani Funicular Ropeways IPO subscription to start from November 01, 2021, Monday. The retail portion of this IPO is 50%, QIB is 0% and HNI is 50% quota as this is an SME IPO. The IPO subscription will close on November 08, 2021, Monday. The company to raise ₹29.50 crores via SME IPO at a price band of ₹45. The minimum bid for the IPO is 3000 shares that cost ₹135,000 for l lot.
The Mumbai based Suyog Gurbaxani Funicular Ropeways is providing infra development and construction services. The company reported ₹4.49 crores of revenues in 2021 against ₹12.41 crores in 2020. The loss stood at ₹7.93 crores in 2021 compared to ₹1.88 crores in 2020. Please check the Suyog Gurbaxani Funicular Ropeways IPO details over here.
IPOWatch View
We recommend investors to avoid this IPO. Check the Suyog Gurbaxani Funicular Ropeways IPO allotment status here.
SGFRL IPO Subscription Status (Final Data)
(Over Subscribed)
| Category | Day 2 | Day 3 | Day 4 |
| NII | 1.17x | 1.92x | 1.98x |
| RII | 0.06x | 0.18x | 0.56x |
| Total | 0.62x | 1.05x | 1.27x |
Suyog Gurbaxani Funicular Ropeways IPO Date & Price Band
| IPO Open: | 01 November 2021 |
| IPO Close: | 08 November 2021 |
| IPO Size: | Approx ₹29.50 Crores |
| Face Value: | ₹10 Per Equity Share |
| Price Band: | ₹45 Per Equity Share |
| Listing on: | BSE NSE |
| Retail Quota: | 50% |
| NII Quota: | 50% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Suyog Gurbaxani Funicular Ropeways IPO Market Lot
| Minimum Lot Size: | Minimum 3000 Shares for 1 lot |
| Minimum Amount: | ₹135,000 for 1 lot |
| Maximum Lot Size: | Minimum 3000 Shares for 1 lot |
| Maximum Amount: | ₹135,000 for 1 lot |
Suyog Gurbaxani Funicular Ropeways IPO Date, Time Table, Allotment & Listing
| IPO Open Date: | 01 November 2021 |
| IPO Close Date: | 08 November 2021 |
| Basis of Allotment: | 11 November 2021 |
| Refunds: | 12 November 2021 |
| Credit to Demat Account: | 15 November 2021 |
| IPO Listing Date: | 16 November 2021 |
Suyog Gurbaxani Funicular Ropeways IPO Subscription FAQs:
When Suyog Gurbaxani Funicular Ropeways IPO Subscription will start?
The IPO subscription starts on 28 October 2021 for NII, and Retail Investors.
How much Suyog Gurbaxani Funicular Ropeways IPO subscribed?
The IPO subscribed 1.27x times on day 4.
What is Suyog Gurbaxani Funicular Ropeways IPO Retail subscription status?
The RII subscription is 0.56x on day 4.
How to subscribe Suyog Gurbaxani Funicular Ropeways IPO?
You can go with ASBA and Non ASBA option for subscription. Go to your bank account and apply IPO online via ASBA or download form online or get the physical form and submit the filled form to your broker or bank.
How to Apply the Suyog Gurbaxani Funicular Ropeways IPO through Zerodha?
Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Suyog Gurbaxani Funicular Ropeways”. Click on Bid Button. Enter your UPI ID, Quantity and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.
How to Apply the Suyog Gurbaxani Funicular Ropeways IPO through Upstox?
Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Suyog Gurbaxani Funicular Ropeways”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – mandate. Open Demat Account with Upstox.
How do i check live Suyog Gurbaxani Funicular Ropeways IPO Subscription Numbers?
One can visit our portal for live IPO subscription numbers that we are updating hourly basis from the official website NSE and BSE website. One can check the live subscription on BSE or NSE website on the particular IPO page.
