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Suumaya Lifestyle IPO is a fixed price issue of ₹13.84 crores. The issue is a combination of fresh issue of 0.19 crore shares aggregating to ₹3.40 crores and offer for sale of 0.58 crore shares aggregating to ₹10.44 crores.
Suumaya Lifestyle IPO bidding started from May 22, 2018 and ended on May 25, 2018. The shares got listed on NSE SME on Jun 4, 2018.
Suumaya Lifestyle IPO price is ₹18.00 per share . The lot size for an application is 8,000. The minimum amount of investment required by an individual investor (retail) is ₹1,44,000 (8000 shares). The minimum lot size investment for HNI is 2 lots (16,000 shares), amounting to ₹2,88,000.
Gretex Corporate Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to Suumaya Lifestyle IPO RHP for detailed Information.
| IPO Date | May 22, 2018 to May 25, 2018 |
| Listing Date | June 4, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹18 per share |
| Lot Size | 8,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 76,88,000 shares (aggregating up to ₹13.84 Cr) |
| Reserved for Market Maker | 3,92,000 shares (aggregating up to ₹0.7056 Cr) |
| Fresh Issue (Ex Market Maker) | 14,96,000 shares (aggregating up to ₹2.69 Cr) |
| Offer for Sale | 58,00,000 shares of ₹10 (aggregating up to ₹10.44 Cr) |
| Net Offered to Public | 72,96,000 shares (aggregating up to ₹13.13 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 2,21,20,000 shares |
| Share Holding Post Issue | 2,40,08,000 shares |
Suumaya Lifestyle IPO offers total 76,88,000 shares. Out of which 36,48,000 (47.45%) allocated to NII, 36,48,000 (47.45%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,92,000 (5.10%) |
| NII (HNI) Shares Offered | 36,48,000 (47.45%) |
| Retail Shares Offered | 36,48,000 (47.45%) |
| Total Shares Offered | 76,88,000 (100.00%) |
Suumaya Lifestyle IPO opens on May 22, 2018, and closes on May 25, 2018.
| IPO Open Date | Tue, May 22, 2018 |
| IPO Close Date | Fri, May 25, 2018 |
| Tentative Listing Date | Mon, Jun 4, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, May 25, 2018 |
Investors can bid for a minimum of 8,000 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 | 8,000 | ₹1,44,000 |
| Retail (Max) | 1 | 8,000 | ₹1,44,000 |
| HNI (Min) | 2 | 16,000 | ₹2,88,000 |
Incorporated in the year 2011, Suumaya Lifestyle Limited is a company engaged in the manufacturing of designer wear of women like Kurtis, ethnic tops, salwar suits etc.
The company has its own design and production house with expertise and dedicated team. It markets products under the brand name "ekka", "ira" and "tag 9". Suumaya serves its customers through retail as well as wholesale. The company has 18 employees on its payroll.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 3,319.14 | 2,716.2 | 3,107.12 | 2,201.07 | 1,155.37 | |
| Total Revenue | 21,205.77 | 9,053.11 | 3,715.78 | 1,547.08 | 0.65 | |
| Profit After Tax | 44.91 | 31.77 | 4.98 | 11.87 | (1.41) | |
The Company Suumaya Lifestyle IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Funding working capital requirements | 3.02 |
[Dilip Davda] <p>Although pricing appears reasonable on the basis of super profits for 9 months of FY18, its sustainability raises concern. Cash surplus risk savvy investors may consider investment at their own risk.</p> Read detail review...
| Listing Date | June 4, 2018 |
| BSE Script Code | |
| NSE Symbol | SUULD |
| ISIN | INE591Q01016 |
| Final Issue Price | ₹18 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹18.00 |
| Open | ₹18.00 |
| Low | ₹17.60 |
| High | ₹18.00 |
| Last Trade | ₹17.85 |
Suumaya Lifestyle Ltd.
Gala No.5F/D, Malad Industrial Units,
Coop Soc Ltd, Kachpada, Ramchandra Lane Extension,
Malad (W),
Malad, Maharashtra, 400064
Phone: 022-49712096
Email: info@suumayalifestyle.com
Website: http://www.suumayalifestyle.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Suumaya Lifestyle IPO is a SME IPO of 76,88,000 equity shares of the face value of ₹10 aggregating up to ₹13.84 Crores. The issue is priced at ₹18 per share. The minimum order quantity is 8000.
The IPO opens on May 22, 2018, and closes on May 25, 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 Suumaya Lifestyle IPO using UPI as a payment gateway. Zerodha customers can apply in Suumaya Lifestyle IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Suumaya Lifestyle IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Suumaya Lifestyle IPO opens on May 22, 2018 and closes on May 25, 2018.
Suumaya Lifestyle IPO lot size is 8000, and the minimum amount required for application is ₹1,44,000.
You can apply in Suumaya Lifestyle 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 Suumaya Lifestyle IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Suumaya Lifestyle IPO allotment status.
The Suumaya Lifestyle IPO listing date is on Monday, June 4, 2018.
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