Sumit Woods Limited IPO

Sumit Woods Limited

Issue Open

Aug 29, 2018

Price Band

₹ 43 - ₹ 45

Issue Size

₹ 18.24 Cr.

Credit of Shares to Demat


Issue Close

Aug 31, 2018

Bid Lot


Listing Exchange


Cut off time for UPI Mandate Confirmation


Issue Type

Book Built Issue IPO

Minimum Order Quantity


Allotment Details


Face Value

Rs 10 Per Equity Share

Listing On

Sep 10, 2018



About the company:

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



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