Sumit Woods Limited IPO

Add to Calendar 2018-08-29 12:00 AM 2018-08-31 12:00 AM Asia/Kolkata Sumit Woods Limited IPO Sumit Woods Limited India

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.

Company Financials:

Summary of Financial Information (Restated)


For the year/period ended (in Rs. Lakhs)

3 -Mar-18

3 -Mar-17

3 -Mar-16

3 -Mar-15

3 -Mar-14

Total Assets

1 ,750.88

1 ,243.12

1 ,512.35

1 ,614.62

1 ,462.99

Total Revenue

3 433.13

4 697.31

2 961.14

2 951.42

1 973.60

Profit After Tax

7 4.53

3 3.26

7 .98

8 .35


Issue Detail

  • Issue Open: Aug 29, 2018
  • Issue Close: Aug 31, 2018
  • Issue Type: Book Built Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 43 - Rs 45 Per Equity Share
  • Bid Lot:3000 Shares
  • Minimum Order Quantity:3000 Shares
  • Listing At: NSE SME
  • Issue Size: • Rs 18.24 Cr.

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved - 1,917,000 1,917,000 - - 3,834,000
Day 1 - Aug 29, 2018IST - 0.28x 0.03x - - 0.15x
Day 2 - Aug 30, 2018IST - 0.53x 0.11x - - 0.58x
Day 3 - Aug 31, 2018IST - 10.60x 1.70x - - 6.41x

Listing Day Trading Information

Issue Price - Rs 45.00
Open - Rs 47.00
Low - Rs 47.00
High - Rs 48.90
Last Trade - Rs 47.95
Volume - 7,68,000

Sumit Woods Limited Red Herring Prospectus

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