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Sumit Woods Limited IPO (Sumit Woods IPO) Detail

Aug 29, 2018 - Aug 31, 2018

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.

The company has 33 permanent employees on its payroll.

Company Promoters:

The Promoters of the Company are:
1. Mr. Mitaram Jangid;
2. Mr. Subodh Nemlekar and
3. Mr. Bhushan Nemlekar
4. Mrs. Sharda M. Jangid
5. Mrs. Kavita B. Nemlekar

Company Financials:

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 11,750.88 12,243.12 13,512.35 12,614.62 12,462.99
Total Revenue 3,433.13 4,697.31 2,961.14 2,951.42 1,973.60
Profit After Tax 774.53 313.26 74.98 85.35 271.52
Summary of financial Information (Standalone)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 9,503.74 10,105.59 11,312.47 10,870.44 11,115.30
Total Revenue 2,114.04 3,899.55 2,285.13 2,002.80 1,388.17
Profit After Tax 573.19 260.38 54.05 97.32 57.08

Objects of the Issue:

The objects of the Issue are to:

1. Meet the fund requirements for execution of our Ongoing and Forthcoming Projects and other working
capital requirements;
2. To repay/prepay the secured loans;
3. Meet General Corporate Purpose;
4. Meet Public Issue Expenses.

Sumit Woods IPO Details
Issue OpenAug 29, 2018 - Aug 31, 2018
Issue TypeBook Built Issue IPO
Issue Size4,053,000 Eq Shares of Rs 10
(aggregating up to Rs 18.24 Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs 43 - Rs 45 Per Equity Share
Market Lot3000 Shares
Min Order Quantity3000 Shares
Listing AtNSE SME
Sumit Woods IPO Tentative Date / Timetable
Bid/Offer Opens OnAug 29, 2018
Bid/Offer Closes OnAug 31, 2018
Finalisation of Basis of AllotmentSep 5, 2018
Initiation of RefundsSep 6, 2018
Credit of Shares to Demat Acct:Sep 6, 2018
IPO Shares Listing Date:Sep 10, 2018

Sumit Woods IPO Subscription Status (Live)

Sumit Woods IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

NII

RII

Total

Shares Offered

1,917,000

1,917,000

3,834,000

Aug 31, 2018 18:25

10.60x

1.70x

6.41x

Sumit Woods IPO Prospectus

Sumit Woods IPO Rating

35
2.8
Rating:Rated 2.8 stars

Vote Here ...

Sumit Woods IPO Listing Date

  •   ›  Listing Date: Monday, September 10, 2018
  •   ›  BSE Script Code:
  •   ›  NSE Symbol: SUMIT
  •   ›  Listing In:
  •   ›  ISIN: INE748Z01013
  •   ›  Issue Price: Rs 45 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price:
Open:
Low:
High:
Last Trade:
Volume:
NSE SME
Issue Price:Rs 45.00
Open:Rs 47.00
Low:Rs 47.00
High:Rs 48.90
Last Trade:Rs 47.95
Volume:768,000

Sumit Woods IPO Reviews / Ratings

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: contact@sumitwoods.com
Website: http://www.sumitwoods.com/

Sumit Woods IPO Registrar

Bigshare Services Pvt Ltd   »  Report
   1st Floor, Bharat Tin Works Building,
   Opp. Vasant Oasis,Makwana Road,
   Marol, Andheri(E), Mumbai - 400 059

Phone: +91-22-6263 8200
Fax: +91-22-6263 8299
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

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Sumit Woods IPO Review / Comments

avatar
72. GrowYourMoney  Sep 18, 2018 13:32 I Like It. | Report Abuse
It seems, selling has been drained now...
Observing screen...
Which is super strong..
avatar
71. GrowYourMoney  Sep 13, 2018 00:06 I Like It. 1 | Report Abuse
It seems interesting time ahead in Sumit Woods...
May my sense prevail again like Marshall....
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70. smekoadvice  Sep 10, 2018 18:19 I Like It. 2 | Report Abuse
This message has been removed by a moderator.
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70.2. Small Investor  Sep 12, 2018 11:09 I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
@ Desai ji
kya isko hold kre ya phir sold kre now
avatar
70.3. TheLearner  Sep 12, 2018 14:36 I Like It. | Report Abuse
NOW AVAILABLE AT 45
avatar
69. Dinesh Singh  Sep 10, 2018 10:45 I Like It. 1 | Report Abuse
Only 282,000 qty traded. Buyers order is for 432,000 qty whereas the seller order is only for 51,000 qty. It means the allotted retailer are not selling their qty. The price may go up. Wait for 2 days it will go in the direction of Dangee.
I am not sold my qty and will wait for few days and decide.
Good listing.

avatar
69.1. traderji  Sep 10, 2018 16:49 I Like It. 1 | Report Abuse
Lalch buri bala hai.......
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68. sahil broker  Sep 10, 2018 10:11 I Like It. | Report Abuse
sold 47.50
avatar
68.1. RAJAKUMAR  Sep 10, 2018 10:21 I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 500+ Likes)
Good. Booking Profit is very essential in stock market.
avatar
67. Hiteshji  Sep 10, 2018 09:50 I Like It. 1 | Report Abuse
Top Contributor Top Contributor (200+ Posts)
List at 47
avatar
66. RAJAKUMAR  Sep 10, 2018 09:45 I Like It. | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 500+ Likes)
Discover price is 47
avatar
65. RAJAKUMAR  Sep 10, 2018 09:15 I Like It. | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 500+ Likes)
It may discover at 47 against issue price of 45. Easy allotment and easy money. Costly miss.
avatar
65.3. sahil broker  Sep 10, 2018 09:24 I Like It. | Report Abuse
@rajkumar ji single lot hi h
avatar
65.4. RAJAKUMAR  Sep 10, 2018 09:31 I Like It. | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 500+ Likes)
You cannot put stop loss now. Take risk and hold till 10 am. After 10 am put stop loss at discover price and hold.
If it breaks discover price then it may go down any where.
avatar
64. Hiteshji  Sep 10, 2018 08:20 I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts)
Today listing....
avatar
63. GrowYourMoney  Sep 9, 2018 23:49 I Like It. 2 | Report Abuse
Just have a look at Cash Flow of Sumit Woods LTD from RHP.....

You will find, Why I liked the Co....

avatar
62. GrowYourMoney  Sep 9, 2018 23:46 I Like It. 3 | Report Abuse
SME Badshah,

Hope you could see correct picture & share it accordingly..

Better you gone through the data, their Business to grown over 320% in past four years.

Fy2014 around 50 Crs to 160 Crs in FY2018
That too in challenging Market Scenario.

They Completed Highest No of Projects in MMR region, which is not a small feat..

Best thing is they reduced their Debt drastically in last 2 Years, which cannot be done without earnings..

Only time will prove the things...

I'm very hopeful for tmrw....


http://valoremadvisors.com/admin/ClnUpdFile/34_IV_2763_Sumit%20Woods%20-%20Investor%20Presentation%20-August2018.pdf
avatar
61. SME BADSHAH  Sep 9, 2018 18:18 I Like It. 4 | Report Abuse
This company business model been in business from 2004.They have shown profits of more then 1 Crore only in last two years before IPO. In QIB portion Mutual funds /FII have to come since they have reserved that portion. If some body is coming then only that portion is kept as reserved .But this does not mean that they are their for long term.They can sell on listing or any time latter like HNI/Retail.Ajmera Reality who also develops building having their own land bank is quoting at P.E of 10 Main board listed players.Only last year company Net profit margin was App. 26% & before that it was App. 8 % . Let us see tomorrow how the listing takes place. If their would have been that demand premium market would have responded. In Dangee premium market was active & in Sumit it is Nil.Hope people make some money who have got allotted.
avatar
60. GrowYourMoney  Sep 9, 2018 12:24 I Like It. 3 | Report Abuse
Guys,
Don't rate Cos with Subscriptions figures alone...
Sumit Woods LTD have Great Business, got allotment & will add further...
Met with Management its Great...
Got positive feedback in my scuttlebutt most importantly Customer, NBFC, Bank, Suppliers, Contractors and some of the past projects Partners as well...
Do your own due diligence..


avatar
59. VIE  Sep 8, 2018 23:08 I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
SUMMIT IS LISTED ON MONDAY.BEST OF LUCK FOR ALL ALLOTEE.
avatar
58. TRADE  Sep 7, 2018 11:06 I Like It. 5 | Report Abuse
This message has been removed by a moderator.
avatar
58.1. Dinesh Singh  Sep 7, 2018 13:44 I Like It. 1 | Report Abuse
TRADE - You are correct. With robust order book and 11 times HNI subscriptions, it will behave similar to Dangee. So don't worry it will surely give returns. Keep it for longer period.
avatar
58.2. VIE  Sep 8, 2018 23:07 I Like It. | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
@ trade
IN FOREIGN PORTFOLIO INVESTOR CATEGORY
ELARA INDIA OPPORTUNITIES FUND HAD APPLIED 999000 SHARES.
avatar
57. SARVEKSH  Sep 7, 2018 14:35 I Like It. | Report Abuse
This message has been removed by a moderator.
avatar
57.1. GrowYourMoney  Sep 7, 2018 15:53 I Like It. 2 | Report Abuse
Construction Ban was imposed in absence of Solid waste management policy, Maharashtra already had Solid waste management Policy in place & submitted the same to the SC..
So can you please tell us the reasons for the Ban again...
Ban was lifted just in few Minutes of hearing..
avatar
56. Dinesh Singh  Sep 6, 2018 09:36 I Like It. 2 | Report Abuse
Hi Anarchist - Have your dad got allotment in SWL. ? What would be the strategy for this on Monday ? Seeing the unexpected performance of Dangee whether we should hold or sale it on Monday. I have 3 lot. Please do reply.
I like your comments and unique style of writing.

Thanks IN advance.

avatar
56.1. Anarchist  Sep 6, 2018 17:31 I Like It. | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 1300+ Likes)
@. Dinesh Singh

Congratulations on allotment.....and no, the series of non allotments and resentments hasn't ended for my dad.He didn't get the shares..

Coming to the strategy, It was offered cheap and hence there may be gains but nothing spectacular can happen for 'the sector' i(Apart from the nod to use drones for advertisements) in the next few months ..So you are better off taking profits preferably on the listing day or may be retain not more than one single lot to sell on the next day at the latest...

Good luck mate...
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55. Dinesh Singh  Sep 6, 2018 13:08 I Like It. | Report Abuse
Thanks Hari IPO.

I am expecting the reply from Anarchist.

avatar
54. HARI IPO  Sep 6, 2018 10:24 I Like It. 2 | Report Abuse
Dinesh Singh ji you are luck you get 3/3 minimum listing price should be 47-49 range it will list definitely at Rs. 47 so you should earn rs. 18000 as most positive factor listing of supreme engg. At 27.10 and high 27.60 despite of heavy equity 6584000 while equity of sumit only 400000 and subscription of HNI AND QIB MORE THAN 10 TIMES, DO NOT worry enjoy good profit on Monday
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54.1. Small Investor  Sep 6, 2018 12:24 I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
got msg from bank amount rs 135000 debited through ASBA Sumit3000*
avatar
53. HARI IPO  Sep 6, 2018 09:40 I Like It. | Report Abuse
I applied at cut off after that 0/2 while i got allotment in tasty diary,1point1,sintercom which subscribed more than 25 times in retail while it is just 1.70 .
avatar
53.1. VIE  Sep 6, 2018 10:14 I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
Its draw of lot. Better luck next time.
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