Fixed Price IPO | ₹14 Cr | Listed at NSE SME | Tue, May 22, 2018 - Fri, May 25, 2018
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Tue, May 22, 2018
IPO Close
Fri, May 25, 2018
Issue Price
₹18 per share
Market Cap (Pre-IPO)
₹43.21 Cr
| IPO Date | 22 to 25 May, 2018 |
| Listed on | Mon, Jun 4, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹18 per share |
| Lot Size | 8,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 76,88,000 shares (agg. up to ₹14 Cr) |
| Reserved for Market Maker | 3,92,000 shares (agg. up to ₹0.7056 Cr) |
| Fresh Issue (Ex Market Maker) | 14,96,000 shares (agg. up to ₹3 Cr) |
| Offer for Sale | 58,00,000 shares of ₹10 (agg. up to ₹10 Cr) |
| Net Offered to Public | 72,96,000 shares (agg. up to ₹13 Cr) |
| Share Holding Pre Issue | 2,21,20,000 shares |
| Share Holding Post Issue | 2,40,08,000 shares |
| NSE Symbol | SUULD |
| ISIN | INE591Q01016 |
Suumaya Lifestyle IPO comprises a total issue size of 76,88,000 shares. The net offer to the public is 72,96,000 shares, after excluding 3,92,000 shares allotted on a firm basis. Of the Net offer 36,48,000 (50.00%) allocated to NII 36,48,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 36,48,000 | 50.00% | 47.45% |
| Retail Shares Offered | 36,48,000 | 50.00% | 47.45% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,92,000 | 5.10% | |
| Total Shares Offered | 76,88,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 8,000 shares and in multiples thereof.
| 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.
| 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 | Funding working capital requirements | 3.02 |
The Suumaya Lifestyle IPO is subscribed 1.44 times on May 25, 2018 5:00:00 PM (Day 4). The public issue subscribed 1.39 times in the retail category, [.] times in the QIB category, and 1.49 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.49 | 36,48,000 | 54,40,000 |
| Retail | 1.39 | 36,48,000 | 50,88,000 |
| Total | 1.44 | 72,96,000 | 1,05,28,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to Merchant Banker , Registrar Fees, Legal Fees & Misc. Expenditure Brokerage & Selling Commission | 0.30 |
| 2 | Printing and Stationery Expenses; Advertising and Marketing Expenses; and Statutory Expenses etc | 0.08 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹18.00 |
| Open | ₹18.00 |
| Low | ₹17.60 |
| High | ₹18.00 |
| Last Trade | ₹17.85 |
Lead Manager Reports
Suumaya Lifestyle IPO is a SME IPO of 76,88,000 equity shares of the face value of ₹10 aggregating up to ₹14 Crores. The issue is priced at ₹18 per share. The minimum order quantity is 8000.
The IPO opens on Tue, May 22, 2018, and closes on Fri, 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 Tue, May 22, 2018 and closes on Fri, 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 Mon, Jun 4, 2018.
