The Suumaya Lifestyle date has been confirmed from May 22, 2018 and ended on May 25, 2018.
Suumaya Lifestyle Developers IPO is a fixed price issue of Rs 3.40 crores. The price is ₹18 per share. The minimum lot size for an application is 8000 Shares. The minimum amount of investment required by retail investors is ₹144,000.
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Bidding Dates
May 22-25
Price Range
₹18 per share
Face Value
₹10 per share
GMP
₹7.95
Suumaya Lifestyle IPO GMP
The Suumaya Lifestyle IPO GMP is ₹7.95.
IPO Overview
Suumaya Lifestyle IPO is a Rs 3.40 crore fixed price issuance. Bidding for the Suumaya Lifestyle IPO began on May 22, 2018 and finished on May 25, 2018. On June 4, 2018, the shares were listed on the NSE SME. Suumaya Lifestyle’s initial public offering (IPO) price is 18 per share.
An application requires a minimum lot size of 8000 Shares. Retail investors must make a minimum investment of ₹144,000. Suumaya serves its customers through retail as well as wholesale. The company has 18 employees on its payroll.
Suumaya Lifestyle IPO Details
| IPO Date | May 22, 2018 to May 25, 2018 |
| Listing Date | June 4, 2018 |
| Face Value | ₹10 per share |
| Price | ₹18 per share |
| Lot Size | 8000 Shares |
| Total Issue Size | 1,888,000 shares (aggregating up to ₹3.40 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 392,000 shares |
Suumaya Lifestyle Company Financials
| 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) | |
Suumaya Lifestyle IPO Listing Details
| Listing Date | June 4, 2018 |
| BSE Script Code | |
| NSE Symbol | SUULD |
| ISIN | INE591Q01016 |
| Final Issue Price | ₹18 per share |
Company Profile
Suumaya Lifestyle Limited, founded in 2011, is a firm that manufactures designer women’s apparel such as Kurtis, ethnic tops, salwar suits, and so on. The company has its own design and production house, as well as an experienced and committed crew. It sells goods under the brand names “ekka,” “ira,” and “tag 9.”
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 | Suumaya Lifestyle Limited |
| Phone number | 022-49712096 |
| Email ID | info@suumayalifestyle.com |
| Website | suumayalifestyle.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.