Sumit Woods IPO is all set to make its debut on 4th Sept 18 with 24.60 Cris a company engaged in the business of civil contractors and executed projects for Modern Bread, Railway Officers and Government Holiday Homes.
Sumit Woods IPO – overview
| IPO Dates | 29-31 Aug 18 |
| IPO Price | INR 45 per share |
| Fresh issue | – |
| Offer For Sale | Nil |
| Total IPO size | 4,053,000 shares (INR 18.24 crore) |
| Minimum bid (lot size) | 3000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
Sumit Woods IPO – Tentative Dates
| IPO Offer Opening Date | 29 Aug 2018 |
| IPO Closing Date | 31 Aug 2018 |
| Finalization of Basis of Allotment | 5 Sept 2018 |
| Initiation of refunds | 6 Sept 2018 |
| Transfer of shares to demat accounts | 6 Sept 2018 |
| IPO Listing Date | 10 Sept 2018 |
Company Overview
Incorporated in 1997, Mumbai based Sumit Woods Limited is a company engaged in the business of civil contractors and executed projects for Modern Bread, Railway Officers and Government Holiday Homes.
The company’s first project was Kandivali Mitnayan Co-Op Housing Society with a built up area of 26000 Sqft. completed in the year 2004. Since then it has completed 19 projects.
During 2012-17, the main business activities of the company were redevelopment of Old Buildings, (CESS Building Redevelopment / MHADA Redevelopment), and residential projects in Mumbai and Goa.
Sumit Woods is a patron member of MCHI, CREDAI Mumbai. The company has handed over more than 4,500 units across 2.86 million square feet.
Competitive Strengths-
1. Client base includes leading names in industry M/s GE Renewable, M/s Vestas, Denmark, M/s Gamesa, M/s Enercon Germany, M/s ZF, and M/s, Siemens.
2. The strategic location of manufacturing unit brings significant cost advantage in raw material sourcing
Objects of the Issue
- Meet the fund requirements for execution of our Ongoing and Forthcoming Projects and other working capital requirements.
- To repay/prepay the secured loans.
- Meet General Corporate Purpose.
- Meet Public Issue Expenses.
Company Financials
| Particulars | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 |
| Total Assets | 11,750.88 | 12,243.12 | 13,512.35 |
| Total Revenue | 3,433.13 | 4,697.31 | 2,961.14 |
| Profit After Tax | 774.53 | 313.26 | 74.98 |
Company Contact Information
Sumit Woods Limited
B-Wing, Office No-1101
Opp. Reliance Office, Express Zone
W.E.Highway, Malad-East Mumbai – 400097
Phone: +91 22 2874 9966/77
Email: contact@sumitwoods.com
Website: http://www.sumitwoods.com/
Sumit Woods IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Sumit Woods IPO Lead Manager(s)
- Mark Corporate Advisors Private Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
