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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 ₹45.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an retail is ₹1,29,000 (3000 shares). The minimum lot size investment for 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 Date | August 29, 2018 to August 31, 2018 |
| Listing Date | September 10, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹43 to ₹45 per share |
| Issue Price Final | ₹45 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 40,53,000 shares (aggregating up to ₹18.24 Cr) |
| Reserved for Market Maker | 2,19,000 shares Maverick Share Brokers Pvt.Ltd. (aggregating up to ₹0.9855 Cr) |
| Net Offered to Public | 38,34,000 shares (aggregating up to ₹17.25 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,12,40,522 shares |
| Share Holding Post Issue | 1,52,93,522 shares |
Sumit Woods IPO offers total 40,53,000 shares. Out of which 11,49,000 (28.35%) allocated to QIB, 13,41,000 (33.09%) allocated to NII, 13,44,000 (33.16%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,19,000 (5.40%) |
| QIB Shares Offered | 11,49,000 (28.35%) |
| NII (HNI) Shares Offered | 13,41,000 (33.09%) |
| Retail Shares Offered | 13,44,000 (33.16%) |
| Total Shares Offered | 40,53,000 (100.00%) |
Sumit Woods IPO opens on August 29, 2018, and closes on August 31, 2018.
| IPO Open Date | Wed, Aug 29, 2018 |
| IPO Close Date | Fri, Aug 31, 2018 |
| Tentative Allotment | Wed, Sep 5, 2018 |
| Initiation of Refunds | Thu, Sep 6, 2018 |
| Credit of Shares to Demat | Thu, Sep 6, 2018 |
| Tentative Listing Date | Mon, Sep 10, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Aug 31, 2018 |
Investors can bid for a minimum of 3,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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.
| 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] <p>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.</p> Read detail review...
| Listing Date | September 10, 2018 |
| BSE Script Code | |
| NSE Symbol | SUMIT |
| ISIN | INE748Z01013 |
| Final Issue Price | ₹45 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹45.00 |
| Open | ₹47.00 |
| Low | ₹47.00 |
| High | ₹48.90 |
| Last Trade | ₹47.95 |
Sumit Woods Ltd.
B-Wing, Office No-1101
Opp. Reliance Office, Express Zone
W.E.Highway, Malad-East
Mumbai, Maharashtra, 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
Sumit Woods IPO is a SME IPO of 40,53,000 equity shares of the face value of ₹10 aggregating up to ₹18.24 Crores. The issue is priced at ₹45 per share. The minimum order quantity is 3000.
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.
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 August 29, 2018 and closes on August 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 Thursday, September 6, 2018. Check the Sumit Woods IPO allotment status.
The Sumit Woods IPO listing date is on Monday, September 10, 2018.
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