Bookbuilding IPO | ₹18 Cr | Listed at NSE SME | Wed, Aug 29, 2018 - Fri, Aug 31, 2018
Sumit Woods IPO is a book build issue of ₹18.24 crores. The issue is entirely a fresh issue of 0.41 crore shares of ₹18.24 crore.
Sumit Woods IPO bidding started from Aug 29, 2018 and ended on Aug 31, 2018. The allotment for Sumit Woods IPO was finalized on Sep 5, 2018. The shares got listed on NSE SME on Sep 10, 2018.
Sumit Woods IPO price band is set at ₹45 per share. The lot size for an application is 3,000. The minimum amount of investment required by an retail is ₹1,35,000 (3000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (6,000 shares), amounting to ₹2,70,000.
Mark Corporate Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Maverick Share Brokers Pvt.Ltd..
Refer to Sumit Woods IPO RHP for detailed Information.
IPO Open
Wed, Aug 29, 2018
IPO Close
Fri, Aug 31, 2018
Issue Price
₹45 per share
Market Cap (Pre-IPO)
₹68.82 Cr
| IPO Date | 29 to 31 Aug, 2018 |
| Listed on | Mon, Sep 10, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹43 to ₹45 |
| Issue Price | ₹45 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 40,53,000 shares (agg. up to ₹18 Cr) |
| Reserved for Market Maker | 2,19,000 shares Maverick Share Brokers Pvt.Ltd. (agg. up to ₹0.9855 Cr) |
| Fresh Issue (Ex Market Maker) | 38,34,000 shares (agg. up to ₹17 Cr) |
| Net Offered to Public | 38,34,000 shares (agg. up to ₹17 Cr) |
| Share Holding Pre Issue | 1,12,40,522 shares |
| Share Holding Post Issue | 1,52,93,522 shares |
| NSE Symbol | SUMIT |
| ISIN | INE748Z01013 |
Sumit Woods IPO comprises a total issue size of 40,53,000 shares. The net offer to the public is 38,34,000 shares, after excluding 2,19,000 shares allotted on a firm basis. Of the Net offer 11,49,000 (29.97%) are allocated to QIB, 13,41,000 (34.98%) allocated to NII 13,44,000 (35.05%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 11,49,000 | 29.97% | 28.35% |
| NII (HNI) Shares Offered | 13,41,000 | 34.98% | 33.09% |
| Retail Shares Offered | 13,44,000 | 35.05% | 33.16% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,19,000 | 5.40% | |
| Total Shares Offered | 40,53,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,35,000 |
| Retail (Max) | 1 | 3,000 | ₹1,35,000 |
| HNI (Min) | 2 | 6,000 | ₹2,70,000 |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet the fund requirements for execution of our Ongoing and Forthcoming Projects and other working capital requirements; | 9.22 |
| 2 | To repay/prepay the secured loans | 4.00 |
| 3 | To provide funds to meet General Corporate Purpose | 4.28 |
The Sumit Woods IPO is subscribed 6.41 times on August 31, 2018 6:25:00 PM (Day 3). The public issue subscribed 1.7 times in the retail category, [.] times in the QIB category, and 10.6 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 10.6 | 19,17,000 | 2,03,16,000 |
| Retail | 1.7 | 19,17,000 | 32,58,000 |
| Total | 6.41 | 38,34,000 | 2,45,73,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including fees and reimbursements of Market Making Fees, selling commissions, brokerages, payment to other intermediaries such as Legal Advisors, Registrars, Bankers etc and other out of pocket expenses. | 0.48 |
| 2 | Printing & Stationery and Postage Expenses | 0.03 |
| 3 | Marketing and Advertisement Expenses | 0.12 |
| 4 | Regulatory fees and other expenses | 0.05 |
| 5 | Other Miscellaneous expenses | 0.06 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹45.00 |
| Open | ₹47.00 |
| Low | ₹47.00 |
| High | ₹48.90 |
| Last Trade | ₹47.95 |
Lead Manager Reports
Sumit Woods IPO is a SME IPO of 40,53,000 equity shares of the face value of ₹10 aggregating up to ₹18 Crores. The issue is priced at ₹45 per share. The minimum order quantity is 3000.
The IPO opens on Wed, Aug 29, 2018, and closes on Fri, Aug 31, 2018.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Sumit Woods IPO using UPI as a payment gateway. Zerodha customers can apply in Sumit Woods IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sumit Woods IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sumit Woods IPO opens on Wed, Aug 29, 2018 and closes on Fri, Aug 31, 2018.
Sumit Woods IPO lot size is 3000, and the minimum amount required for application is ₹1,35,000.
You can apply in Sumit Woods IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Thu, Sep 6, 2018. Check the Sumit Woods IPO allotment status.
The Sumit Woods IPO listing date is on Mon, Sep 10, 2018.
