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)

Particulars

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

271.52

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

- BSE NSE
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

Sumit Woods Limited User Rating

Votes
0

Sumit Woods Limited Life IPO Reviews

Sumit Woods Limited IPO News & Updates

Frequently Asked Questions

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

Comments

Start IPO Trading through SAMCO

Don't have a Trading Account !!!
Open an account with Samco and Do IPO Trading for Just Rs 20. For more details, share your contact details with us