Sumit Woods IPO – Review, Allotment Status, Subscription, Price, Date & more

Summit 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.


Sumit Woods IPO Review & Ratings

Sumit Woods IPO Ratings & Review
CriteriaRatings
Industry Sentiments 6.1/10
Industry Ranking6.2/10
Company Background6.4/10
Company Reputation6.3/10
Competitive Edge6.4/10
Financial Statements6.1/10
Popularity Index6.6/10
Promoters Reputation6.2/10
Retail Appetite6.5/10
Top Brokers Review6.3/10
Overall Ratings6.3/10
Star Ratings★★★☆☆

Summary of Sumit Woods IPO

Sumit Woods IPOIncorporated 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 1x
    DAY 2x
    DAY 3x
    DAY 4x
    DAY 5x

    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’18Mar’17Mar’16Mar’15Mar’14
    Total Asset12,141.0512,243.1213,512.3512,614.6212,462.99
    Total Revenue2,654.854,697.312,961.142,951.421,973.60
    Profit after Tax (PAT)668.19313.2674.9885.35271.52
    Total Expense1,811.434,302.862,868.702,847.10 1,579.75

    Earnings per Equity Share:

    Earning per Equity Share (in INR)
     Mar’17Mar’16Mar’15Mar’14Mar’13
    Basic and Diluted EPS2.950.710.81NANA

    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 Offered40,53,000 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 Issue1,12,40,522 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 EPSRONW (%)
      31-Mar-150.812.77%
      31-Mar-160.713.88%
      31-Mar-172.954.40%
    • Industry P/E Ratio:
    • ParticularsP/E ratio
      Highest232.90
      Lowest1.80
    • Comparison of Accounting Ratios with Peer Group Companies:
    Name of the Company Face ValueP/EEPS (Rs.) RoNW %NAV per Share (Rs.)
    Ashiana Housing Ltd(on Consolidated Basis)107.910.629.2770.60

     


    Sumit Woods IPO Lead Managers

    Lead Managers
    Macros Corporate Advisors Private Limited

    CIN:U67190MH2008PTC181996
    404/1, The Summit Business Bay, Sant Janabai Road (Service Lane),
    Off W. E. Highway, Vile Parle (East), Mumbai-400 057.
    Contact Person: Mr. Manish Gaur
    Tel. No.: +91 22 2612 3207/08
    Email: smeipo@markcorporateadvisors.com
    SEBI Regn No.: INM000012128
    Investor Grievance Email: compliance@markcorporateadvisors.com

    Sumit Woods IPO Registrar to offer

    Registrar of the Offer
    Bigshare Services Private Limited

    CIN: U99999MH1994PTC076534t
    1st Floor, Bharat Tin Works Building,
    Opp. Vasant Oasis, Makhwana Road, Marol, Andheri (E),
    Mumbai-400059.
    Contact Person: Mr. Ashok S Shetty
    Tel No.: +91 22 2847 0652/4043 0200
    Email: ipo@bigshareonline.com
    SEBI Regn No.: INR000001385


    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 ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
    Angel Broking6.5/106.6/106.6/106.4/106.4/10
    Sharekhan6.7/106.4/106.6/106.1/106.2/10
    Kotak Securities6.7/106.7/106.7/106.4/106.3/10
    ICICI Direct6.6/106.3/106.7/106.5/106.5/10
    IIFL6.4/106.7/106.8/106.4/106.7/10
    Edelweiss6.7/106.4/106.4/106.3/106.7/10
    Zerodha6.5/106.4/106.7/106.4/106.5/10
    5Paisa6.7/106.4/106.3/106.7/106.5/10
    Karvy6.8/106.3/106.7/106.4/106.0/10
    Motilal Oswal6.6/106.4/106.6/106.6/106.4/10

    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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