Sumit Woods Limited
Credit of Shares to Demat
Cut off time for UPI Mandate Confirmation
Minimum Order Quantity
Sumit Woods Limited is currently engaged in the construction and development sector development in residential and commercial projects in prime cities. The company is having more than 20 years of experience in this construction field and has completed more than 4,500 projects since its incorporation.
Date of Incorporation: Sumit Woods Limited was incorporated as the private limited company ‘Sumit Woods Private Limited’ at Goa on 9th of January 1997. Subsequently, the company was converted to the public limited company on 06th of February 2018.
Promoters of Sumit Woods Limited: Mr Mitaram Jangid, Mr Subodh Nemlekar, Mr Bhushan Nemlekar, Mrs Kavita Nemlekar and Mrs Sharda M Jangid are the promoters of the Sumit Woods Limited.
Products and Services Offering: Sumit Woods Limited is mainly undertaking the construction and redevelopment projects.
Customer Segments: Sumit Woods Limited has diversified customer segments that are spread across the cities including Mumbai, Thane and Goa.
The Objects of Sumit Woods Limited IPO: The Core Objectives of the Sumit Woods limited IPO are:
- To fulfil the fund's requirements for execution of Ongoing and Forthcoming Projects.
- To meet working capital requirements.
- To manage General Corporate expenses.
- To meet Public Issue Expenses.
Summary of Financial Information (Restated)
For the year/period ended (in Rs. Lakhs)
Profit After Tax
Yes, you can always trade an IPO through a discount broker. Buying & selling an IPO becomes very easy once the trading and the demat account are set up appropriately.
Following are the benefits in buying and selling an IPOs through a discount broker. Reduced Brokerage Fee: Discount brokers charge a flat brokerage which is missing in case of full service brokers. Full service brokers usually charge %age brokerage and this incurs a lot of cost to an investors. So if any full service broker charge a brokerage of let say 0.03% then on a purchase of shares of worth of Rs 200,000 you end up paying Rs 600+ Taxes. In our case we charge a flat brokerage of Rs 20 + Taxes. Discount brokers therefore saves a lot of money of investors. Better Trading Platform: Usually discounts brokers don’t provide a good trading platform and experience but there are few discounts brokers like Samco, who are now focussing on delivering a world class trading platform and top notch user experience. Therefore narrowing down the gap between discount brokers and full service brokers.
Technically Speaking, SEBI has made mandatory to buy an IPO through ASBA channel but there is no regulation on how any investor can sell an IPO allotted shares. Therefore, smart investors can always sell IPO allotted shares through a discount broker
This is very easy, you need to do the following to buy and sell IPOs hasslefree with a discount broker. Open a trading & demat account with a discount broker. Open a trading account with a full service broker like banks which are offer IPO buying through ASBA route. While filling up the information for the demat account while opening an account with a bank, you need to give the details of demat account which is with the discount broker. Once your demat account is linked with the trading account of the bank then you simply buy and sell IPO. Investors need to understand that almost all brokers don’t charge any annual fee for trading account therefore having multiple trading accounts linked to a single demat account won’t incur any cost to investors. ,
You need to submit the following documents for opening an account with Samco : Photograph PAN Card Bank Details – Cancelled cheque or Bank Statement/Passbook copy Aadhar Card (or alternative address proof such as Drivers license, Voter ID, etc) Proof of Income (6 months bank statement or ITR Return or 3 months salary slip)