Mumbai-based Sumit Woods Limited is set to launch its SME initial public offer for subscription on August 29, with a price band of Rs 43-45 per share.
Sumit Woods ipo size is around Rs 18.24 Cr. The company plans to issue up to 4,053,000 equity shares of face value of Rs 10 each for cash.
Bids can be made for minimum of 300 equity shares and in multiples of 3000 shares thereafter. Equity shares are proposed to be listed on NSE NSE.
Mark Corporate Advisors Private Limited is the book running lead managers to the issue while Bigshare Services Pvt. Ltd is as IPO Registrar.
Sumit Woods Limited is Incorporated in 1997, currently doing a business of civil contractors and executed projects for modern bread, railway officers and government holiday homes.
The company has got contract to redevelopment of Old Buildings and residential projects in Mumbai and Goa.
At present, company has 33 permanent employees on its payroll.
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Sumit Woods IPO & Issue Details
|Subscription Dates||29 – 31 August 2018|
|Issue Price Band||INR 45|
|Minimum bid (lot size)||3000 Shares|
|Minimum Lot Amount||INR 135000|
|Face Value||INR 10 per share|
|IPO Size||INR 18.24 Cr|
|Issue Type||Book Built Issue IPO|
|Listing At||NSE SME|
Sumit Woods IPO Financial Performance (in INR Crore)
Sumit Woods IPO Subscription Status
|Category||Day 1||Day 2||Day 3||Day 4|
Sumit Woods IPO Tentative Dates: Allotment & Listing Details:
- Bid/Offer Opens On: 29 August 2018
- Bid/Offer Closes On: 31 August 2018
- Basis of Allotment: On or about – 5 Sept 2018
- Refunds Status: On or about – 6 Sept 2018
- Credit of Equity Shares to demat accounts: On or about – 6 Sept 2018
- Listing Date: On or about – 10 Sept 2018
Allotment Status – Sumit Woods IPO : Check Here
Sumit Woods IPO Issue Object
- Meet the fund requirements for execution of our Ongoing and Forthcoming Projects and other working
- To repay/prepay the secured loans;
- Meet General Corporate Purpose;
- Meet Public Issue Expenses.
Sumit Woods IPO Prospectus:
- DRHP Draft Prospectus
- Red Herring Prospectus
Sumit Woods IPO Lead Manager(s):
- Mark Corporate Advisors Private Limited
Sumit Woods IPO Promoters:
- Mr. Mitaram Jangid
- Mr. Subodh Nemlekar
- Mr. Bhushan Nemlekar
- Mrs. Sharda M. Jangid
- Mrs. Kavita B. Nemlekar
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
Fax: +91 22 2874 3377
Email: [email protected]
Sumit Woods IPO Registrar:
Bigshare Services Pvt. Ltd
Fax: 91-22-2847 5207
Email: [email protected]