Sumit Woods IPO – Review, Allotment Status, Subscription, Price, Date & more
Last Updated Date: Nov 17, 2022Summit Woods IPO released date is yet to be announced. The Size of this IPO is INR 40,53,000. It is another SME IPO of 2018. In this Article, we will discuss in detail about Sumit Woods IPO Review along with in-depth understanding of their Subscription, Price band, Issue Size, Equity Shares, Company Background & more.
- Issue Price of this IPO is NA. Check the Live Share Price here Sumit Woods Share Price
- To track the performance of this IPO, click on this link – IPO Performance
Sumit Woods IPO Review & Ratings
| Sumit Woods IPO Ratings & Review | |
| Criteria | Ratings |
| Industry Sentiments | 6.1/10 |
| Industry Ranking | 6.2/10 |
| Company Background | 6.4/10 |
| Company Reputation | 6.3/10 |
| Competitive Edge | 6.4/10 |
| Financial Statements | 6.1/10 |
| Popularity Index | 6.6/10 |
| Promoters Reputation | 6.2/10 |
| Retail Appetite | 6.5/10 |
| Top Brokers Review | 6.3/10 |
| Overall Ratings | 6.3/10 |
| Star Ratings | ★★★☆☆ |
Summary of Sumit Woods IPO
Incorporated in 1997, Sumit Woods Limited is engaged in the development of real estate projects. They prepare the layout of the building in consultation with the architects, make an arrangement to get all the approvals required for the project, carry out all the activities required for the construction and development of the project and after the completion of the development process they sell off the project.
Sumit Woods Limited is going public with Initial public issue of 40,53,000 equity shares of face value of Rs.10 each.
Out of total 40,53,000 equity shares of face value of Rs.10 each will be reserved for subscription by market maker. The issue less the market maker reservation portion i.e. issue of 38,34,000 equity shares of face value of Rs.10 each.
The issue and the net issue will constitute 26.50% and 25.07%, respectively of the post issue paid up equity share capital of our company. For further details, please refer to section titled “terms of the issue” beginning on page 246 of this prospectus.
The Sumit Woods Limited is hired by the financial service provider company is Macros Corporate Advisors Private Limited & Registrar to the offer is Bigshare Services Private Limited.
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Sumit Woods IPO Date
The opening and closing date of IPO is yet to be announced.
Sumit Woods IPO Subscription
| SUBSCRIPTION | |
| DAY 1 | x |
| DAY 2 | x |
| DAY 3 | x |
| DAY 4 | x |
| DAY 5 | x |
The IPO issue date has not been announced yet. Once the IPO date has been issued, the subscription details will be updated regularly.
Sumit Woods IPO Allotment Status
Since the issue date has not been fixed yet, the Allotment Status is not out. The Allotment status will be announced about 3-4 weeks of the IPO issue date.
Sumit Woods IPO – Price Band
The face value of each share is Rs.10.
Sumit Woods IPO Equity Share Offerings
The company is offering 40,53,000 equity shares for sale.
Sumit Woods Limited – Company Overview
Sumit Woods Private Limited was registered at Registrar of Companies Mumbai on 09 January, 1997 and is categorised as Company limited by Shares and an Non-govt company. Further, Sumit Woods was converted into Public Limited Company and consequently name of company was changed from “Sumit Woods Private Limited” to “Sumit Woods Limited” pursuant to fresh certificate of incorporation dated February 06, 2018 issued by the Registrar of Companies, Maharashtra, Mumbai.
Moreover, Company is also a patron member of MCHI CREDAI, Mumbai. Company is engaged in the construction and development activity for the last 21 years and along with our group companies have constructed more than 50 residential and commercial projects in Mumbai, Thane and Goa. Company has handed over more than 4500 units
since its incorporation.
Competitive Strengths of Sumit Woods Limited:
- Experienced Promoters and a well trained employee base.
- Established Brand Name and Projects in Prime Locations of the City.
- Financial resources.
- Planning out the project and analyzing it from multi dimensions by experts reduce the chances of failure.
Business strategies of Sumit Woods Limited:
- Timely Completion of Projects and Provide for Innovation.
- Providing Affordable Housing.
- Expansion of Business.
- Awards and Recognition.
Sumit Woods Limited – Financial Statements
Have a look at the financial statements of the firm before you invest in the firm.
Financial Summary:
| Amount (in INR & Lakhs) | |||||
| Mar’18 | Mar’17 | Mar’16 | Mar’15 | Mar’14 | |
| Total Asset | 12,141.05 | 12,243.12 | 13,512.35 | 12,614.62 | 12,462.99 |
| Total Revenue | 2,654.85 | 4,697.31 | 2,961.14 | 2,951.42 | 1,973.60 |
| Profit after Tax (PAT) | 668.19 | 313.26 | 74.98 | 85.35 | 271.52 |
| Total Expense | 1,811.43 | 4,302.86 | 2,868.70 | 2,847.10 | 1,579.75 |
Earnings per Equity Share:
| Earning per Equity Share (in INR) | |||||
| Mar’17 | Mar’16 | Mar’15 | Mar’14 | Mar’13 | |
| Basic and Diluted EPS | 2.95 | 0.71 | 0.81 | NA | NA |
The Financial figures of the company is not very satisfying. We suggest to look for long term investment with Sumit Woods Limited IPO.
Sumit Woods Limited – Promoters
The Promoters of our Company are:
1. Mr. Mitaram Jangid;
2. Mr. Subodh Nemlekar
3. Mr. Bhushan Nemlekar
4. Mrs. Sharda M. Jangid
5. Mrs. Kavita B. Nemlekar
The interest of Promoters in the Promotion of the company
The Promoters is interested to the extent of their shareholding in the Company, and any dividend and distributions which may be made by the Company in future.
The interest of Promoter in the Property of the company
Promoters do not have any other interest in any property acquired by our Company in a period of two years before filing of this Prospectus or proposed to be acquired by us till date of filing the Prospectus with RoC.
Any other Interest of Promoter
The Promoters are interested to the extent of their shareholding and shareholding of their relatives in the Company. The Promoters may also be deemed interested to the extent of any unsecured loan given/taken by them to/from our Company.
Sumit Woods IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | 40,53,000 Equity Shares of Rs 10/- each at an Issue Price (yet to be disclosed). |
| Of which: | |
| Reserved for Market Makers | 2,,19,000 Equity Shares of Rs 10/- each at an issue price. |
| Net Issue to the Public | 38,340,000 Equity Shares of Rs 10/- each at an issue price. |
| Equity Shares outstanding prior to the Issue | 1,12,40,522 Equity Shares of Rs 10/- each |
| Equity Shares outstanding after the Issue | 1,52,93,522 Equity Shares of Rs 10/- each |
Sumit Woods Limited IPO – Issue Object
The Net Proceeds from the Fresh Issue will be utilized towards the following objects:
i. To meet the fund requirements for execution of our Ongoing and Forthcoming Projects and other working capital requirements;
ii. To repay/prepay the secured loans;
iii. To provide funds to meet General Corporate Purpose;
iv. To meet Public Issue Expenses.
Sumit Woods IPO – Basis of the Offer Price
The Issue Price is determined by our Company in consultation with the Book Running Lead Manager.
QUALITATIVE FACTORS
- Experienced Promoters and a well trained employee base.
- Strong financial position.
- Improving functional efficiency.
- Established brand and image.
The relevant quantitative factors are:
- Basic and Diluted EPS:
Basic & Diluted EPS RONW (%) 31-Mar-15 0.81 2.77% 31-Mar-16 0.71 3.88% 31-Mar-17 2.95 4.40% - Industry P/E Ratio:
-
Particulars P/E ratio Highest 232.90 Lowest 1.80 - Comparison of Accounting Ratios with Peer Group Companies:
| Name of the Company | Face Value | P/E | EPS (Rs.) | RoNW % | NAV per Share (Rs.) |
| Ashiana Housing Ltd(on Consolidated Basis) | 10 | 7.91 | 0.62 | 9.27 | 70.60 |
Sumit Woods IPO Lead Managers
| Lead Managers |
| Macros Corporate Advisors Private Limited
CIN:U67190MH2008PTC181996 |
Sumit Woods IPO Registrar to offer
| Registrar of the Offer |
| Bigshare Services Private Limited
CIN: U99999MH1994PTC076534t |
Other Details:
- Legal Counsel to the Issue – Juris Matrix Partners LLP.
- Statutory Auditor – M/s. SSRV & Associates,
- Peer Review Auditor –M/s. SSRV &Associates, Chartered Accountants
- Bankers to the Company – State Bank of India and HDFC Bank.
Sumit Woods Limited IPO Review by Top 10 Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 6.5/10 | 6.6/10 | 6.6/10 | 6.4/10 | 6.4/10 |
| Sharekhan | 6.7/10 | 6.4/10 | 6.6/10 | 6.1/10 | 6.2/10 |
| Kotak Securities | 6.7/10 | 6.7/10 | 6.7/10 | 6.4/10 | 6.3/10 |
| ICICI Direct | 6.6/10 | 6.3/10 | 6.7/10 | 6.5/10 | 6.5/10 |
| IIFL | 6.4/10 | 6.7/10 | 6.8/10 | 6.4/10 | 6.7/10 |
| Edelweiss | 6.7/10 | 6.4/10 | 6.4/10 | 6.3/10 | 6.7/10 |
| Zerodha | 6.5/10 | 6.4/10 | 6.7/10 | 6.4/10 | 6.5/10 |
| 5Paisa | 6.7/10 | 6.4/10 | 6.3/10 | 6.7/10 | 6.5/10 |
| Karvy | 6.8/10 | 6.3/10 | 6.7/10 | 6.4/10 | 6.0/10 |
| Motilal Oswal | 6.6/10 | 6.4/10 | 6.6/10 | 6.6/10 | 6.4/10 |
The ratings would be updated once the financials and the other details of the IPO are released.
Sumit Woods IPO Grey Market Premium
The Sumit Woods IPO Grey Market Premium is yet to be announced. It will be updated as soon as the premium rates are announced.
Sumit Woods Limited IPO News
News 1: Sumit Woods IPO Opens Soon (Download Prospectus)
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