The Sumit Woods date has been confirmed from August 29, 2018 and ended on August 31, 2018.
Sumit Woods Developers IPO is a fixed price issue of Rs 18.24 crores. The 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.
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Bidding Dates
August 29-31
Price Range
₹43 to ₹45 per share
Face Value
₹10 per share
GMP
₹59.80
Sumit Woods IPO GMP
The Sumit Woods IPO GMP is ₹59.80.
IPO Overview
Sumit Woods’ IPO is a book-built issuance worth Rs 18.24 crores. Sumit Woods IPO bidding began on August 29, 2018 and concluded on August 31, 2018. The allotment for Sumit Woods’ IPO was finalised on Wednesday, September 5, 2018. The shares were listed on the NSE SME on September 10, 2018. Sumit Woods’ IPO price range is established at ₹43-₹45 per share. The minimum lot size for an application is 3000 shares.
The minimum investment for retail investors is ₹135,000. Sumit Woods is a patron member of MCHI and CREDAI Mumbai. The company has delivered approximately 4,500 units totaling 2.86 million square feet. The company’s payroll includes 33 permanent employees.
Sumit Woods IPO Details
| 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 |
| Market Maker portion | 219,000 shares |
Sumit Woods Company Financials
| 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 | |
Sumit Woods IPO Timeline
| 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 |
Company Profile
Sumit Woods Limited, headquartered in Mumbai, was founded in 1997 as a civil contractor. The company has completed projects for Modern Bread, Railway Officers, and Government Holiday Homes. The company’s first project was Kandivali Mitnayan Co-Op Housing Society, which had a built-up area of 26000 Sqft and was finished in 2004. Since then, it has finished 19 projects. During 2012-17, the company’s primary business activities included the redevelopment of old buildings (CESS Building Redevelopment / MHADA Redevelopment) and residential
projects in Mumbai and Goa.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | ipo@bigshareonline.com |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Sumit Woods Limited |
| Phone number | +91 22 2874 9966/77 |
| Email ID | contact@sumitwoods.com |
| Website | sumitwoods.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
