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Sumit Woods IPO is a book built issue of Rs 18.24 crores.
Sumit Woods IPO bidding started from August 29, 2018 and ended on August 31, 2018. The allotment for Sumit Woods IPO was finalized on Wednesday, September 5, 2018. The shares got listed on NSE SME on September 10, 2018.
Sumit Woods IPO price band is set at ₹43 to ₹45 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹135,000.
Mark Corporate Advisors Private Limited is the book running lead manager of the Sumit Woods IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Sumit Woods IPO RHP for detailed information.
| IPO Date | August 29, 2018 to August 31, 2018 |
| Listing Date | September 10, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹43 to ₹45 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 4,053,000 shares (aggregating up to ₹18.24 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 11,240,522 |
| Share holding post issue | 15,293,522 |
| Market Maker portion | 219,000 shares |
Sumit Woods IPO offers 4,053,000 shares. 1,917,000 (47.30%) to NII, 1,917,000 (47.30%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 219,000 (5.40%) |
| NII (HNI) Shares Offered | 1,917,000 (47.30%) |
| Retail Shares Offered | 1,917,000 (47.30%) |
| Total Shares Offered | 4,053,000 (100%) |
Sumit Woods IPO opens on August 29, 2018, and closes on August 31, 2018.
| IPO Open Date | Wednesday, August 29, 2018 |
| IPO Close Date | Friday, August 31, 2018 |
| Basis of Allotment | Wednesday, September 5, 2018 |
| Initiation of Refunds | Thursday, September 6, 2018 |
| Credit of Shares to Demat | Thursday, September 6, 2018 |
| Listing Date | Monday, September 10, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 31, 2018 |
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹135,000 |
| Retail (Max) | 1 | 3000 | ₹135,000 |
| Lot Size Calculator | |||
Incorporated in 1997, Mumbai based Sumit Woods Limited is a company engaged in the business of civil contractors and executed projects for Modern Bread, Railway Officers and Government Holiday Homes.
The company's first project was Kandivali Mitnayan Co-Op Housing Society with a built up area of 26000 Sqft. completed in the year 2004. Since then it has completed 19 projects.
During 2012-17, the main business activities of the company were redevelopment of Old Buildings, (CESS Building Redevelopment / MHADA Redevelopment), and residential projects in Mumbai and Goa.
Sumit Woods is a patron member of MCHI, CREDAI Mumbai. The company has handed over more than 4,500 units across 2.86 million square feet.
The company has 33 permanent employees on its payroll.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | ||
| Total Assets | 11,750.88 | 12,243.12 | 13,512.35 | 12,614.62 | 12,462.99 | |
| Total Revenue | 3,433.13 | 4,697.31 | 2,961.14 | 2,951.42 | 1,973.60 | |
| Profit After Tax | 774.53 | 313.26 | 74.98 | 85.35 | 271.52 | |
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | ||
| Total Assets | 9,503.74 | 10,105.59 | 11,312.47 | 10,870.44 | 11,115.30 | |
| Total Revenue | 2,114.04 | 3,899.55 | 2,285.13 | 2,002.80 | 1,388.17 | |
| Profit After Tax | 573.19 | 260.38 | 54.05 | 97.32 | 57.08 | |
The objects of the Issue are to:
1. Meet the fund requirements for execution of our Ongoing and Forthcoming Projects and other working
capital requirements;
2. To repay/prepay the secured loans;
3. Meet General Corporate Purpose;
4. Meet Public Issue Expenses.
[Dilip Davda]
The sudden spurt in the bottom line for FY18 raised concern. Considering the SPV model business of the company and order on hand, investors may consider an investment for long-term in this issue.
Read detail review...The Sumit Woods IPO is subscribed 6.41 times on August 31, 2018 6:25:00 PM. The public issue subscribed 1.70 times in the retail category, times in the QIB category, and 10.60 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | 10.60 |
| Retail | 1.70 |
| Total | 6.41 |
| Listing Date | September 10, 2018 |
| BSE Script Code | |
| NSE Symbol | SUMIT |
| ISIN | INE748Z01013 |
| Final Issue Price | ₹45 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹45.00 |
| ₹47.00 |
| ₹47.00 |
| ₹48.90 |
| ₹47.95 |
Sumit Woods Limited
B-Wing, Office No-1101
Opp. Reliance Office, Express Zone
W.E.Highway, Malad-East Mumbai - 400097
Phone: +91 22 2874 9966/77
Email: contact@sumitwoods.com
Website: http://www.sumitwoods.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Sumit Woods IPO is a SME IPO of 4,053,000 equity shares of the face value of ₹10 aggregating up to ₹18.24 Crores. The issue is priced at ₹43 to ₹45 per share. The minimum order quantity is 3000 Shares.
The IPO opens on August 29, 2018, and closes on August 31, 2018.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Sumit Woods IPO opens on August 29, 2018 and closes on August 31, 2018.
Sumit Woods IPO lot size is 3000 Shares, and the minimum amount required is ₹135,000.
You can apply in Sumit Woods IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Sumit Woods IPO will be done on Wednesday, September 5, 2018, and the allotted shares will be credited to your demat account by Thursday, September 6, 2018. Check the Sumit Woods IPO allotment status.
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