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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

IPO Opening Date Aug 29, 2018
IPO Closing Date Aug 31, 2018
Issue Type Book Built Issue IPO
Face Value ₹10 per equity share
IPO Price ₹43 to ₹45 per equity share
Market Lot 3000 Shares
Min Order Quantity 3000 Shares
Listing At NSE SME
Issue Size4,053,000 Eq Shares of ₹10
(aggregating up to ₹18.24 Cr)

Sumit Woods IPO Tentative Timetable

The Sumit Woods IPO open date is Aug 29, 2018, and the close date is Aug 31, 2018. The issue may list on Sep 10, 2018.

IPO Open Date Aug 29, 2018
IPO Close Date Aug 31, 2018
Basis of Allotment Date Sep 5, 2018
Initiation of Refunds Sep 6, 2018
Credit of Shares to Demat Account Sep 6, 2018
IPO Listing Date Sep 10, 2018

Sumit Woods IPO Lot Size

The Sumit Woods IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹135,000).

Application Lots Shares Amount (Cut-off)
Minimum 1 3000 ₹135,000
Maximum 1 3000 ₹135,000

Sumit Woods IPO Review

The sudden spurt in the bottom line for FY18 raised concern. Considering the SPV model business of the company and order on hand, investors may consider an investment for long-term in this issue.

Read detail review...

Sumit Woods IPO Subscription Status (Bidding Detail)

The Sumit Woods IPO is subscribed 6.41 times on Aug 31, 2018 6:25:00 PM. The public issue subscribed 1.70 times in the retail category, times in the QIB category, and 10.60 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII10.60
Retail1.70
Total6.41

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
IPO Price ₹45 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
IPO Price: ₹45.00
Open: ₹47.00
Low: ₹47.00
High: ₹48.90
Last Trade: ₹47.95

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: http://www.bigshareonline.com

Sumit Woods IPO Reviews / Ratings

Sumit Woods IPO FAQs

Sumit Woods IPO is a SME IPO of 4,053,000 equity shares of the face value of ₹10 aggregating up to ₹18.24 Crores. The issue is priced at ₹43 to ₹45 per equity share. The minimum order quantity is 3000 Shares.

The IPO opens on Aug 29, 2018, and closes on Aug 31, 2018.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

The Sumit Woods IPO opens on Aug 29, 2018 and closes on Aug 31, 2018.

Sumit Woods IPO lot size is 3000 Shares and the minimum order quantity is 3000 Shares.

You can apply in Sumit Woods IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Sumit Woods IPO will be done on Sep 5, 2018, and the allotted shares will be credited to your demat account by Sep 6, 2018. Check the Sumit Woods IPO allotment status.

The Sumit Woods IPO listing date is on Monday, September 10, 2018.

Sumit Woods IPO Message Board

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129 Comments

72. GrowYourMoney |   Link |Sep 18, 2018 2:32:47 PM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
It seems, selling has been drained now...
Observing screen...
Which is super strong..
71. GrowYourMoney |   Link |Sep 13, 2018 1:06:34 AM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
It seems interesting time ahead in Sumit Woods...
May my sense prevail again like Marshall....
70. smekoadvice |   Link |Sep 10, 2018 7:19:21 PM
This message has been removed by a moderator.
70.2. Small Investor |   Link |Sep 12, 2018 12:09:43 PM
IPO Guru IPO Guru (1600+ Posts, 800+ Likes)
@ Desai ji
kya isko hold kre ya phir sold kre now
70.3. TheLearner |   Link |Sep 12, 2018 3:36:52 PM
NOW AVAILABLE AT 45
69. Dinesh Singh |   Link |Sep 10, 2018 11:45:17 AM
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
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.

69.1. traderji |   Link |Sep 10, 2018 5:49:40 PM
Lalch buri bala hai.......
68. sahil broker |   Link |Sep 10, 2018 11:11:51 AM
sold 47.50
68.1. RAJAKUMAR |   Link |Sep 10, 2018 11:21:59 AM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
Good. Booking Profit is very essential in stock market.
67. Hiteshji |   Link |Sep 10, 2018 10:50:20 AM
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
List at 47
66. RAJAKUMAR |   Link |Sep 10, 2018 10:45:43 AM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
Discover price is 47
65. RAJAKUMAR |   Link |Sep 10, 2018 10:15:58 AM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
It may discover at 47 against issue price of 45. Easy allotment and easy money. Costly miss.
65.3. sahil broker |   Link |Sep 10, 2018 10:24:28 AM
@rajkumar ji single lot hi h
65.4. RAJAKUMAR |   Link |Sep 10, 2018 10:31:03 AM
IPO Guru IPO Guru (1400+ Posts, 1200+ 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.
64. Hiteshji |   Link |Sep 10, 2018 9:20:47 AM
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
Today listing....
63. GrowYourMoney |   Link |Sep 10, 2018 12:49:28 AM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Just have a look at Cash Flow of Sumit Woods LTD from RHP.....

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

62. GrowYourMoney |   Link |Sep 10, 2018 12:46:49 AM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
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
61. SME BADSHAH |   Link |Sep 9, 2018 7:18:13 PM
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.
60. GrowYourMoney |   Link |Sep 9, 2018 1:24:14 PM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
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..


59. VIE |   Link |Sep 9, 2018 12:08:40 AM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
SUMMIT IS LISTED ON MONDAY.BEST OF LUCK FOR ALL ALLOTEE.
58. TRADE |   Link |Sep 7, 2018 12:06:39 PM
This message has been removed by a moderator.
58.1. Dinesh Singh |   Link |Sep 7, 2018 2:44:07 PM
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
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.
58.2. VIE |   Link |Sep 9, 2018 12:07:43 AM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
@ trade
IN FOREIGN PORTFOLIO INVESTOR CATEGORY
ELARA INDIA OPPORTUNITIES FUND HAD APPLIED 999000 SHARES.
57. SARVEKSH |   Link |Sep 7, 2018 3:35:37 PM
This message has been removed by a moderator.
57.1. GrowYourMoney |   Link |Sep 7, 2018 4:53:37 PM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
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..
56. Dinesh Singh |   Link |Sep 6, 2018 10:36:27 AM
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
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.

56.1. Anarchist |   Link |Sep 6, 2018 6:31:47 PM
IPO Mentor IPO Mentor (500+ Posts, 1400+ 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...
55. Dinesh Singh |   Link |Sep 6, 2018 2:08:18 PM
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
Thanks Hari IPO.

I am expecting the reply from Anarchist.

54. HARI IPO |   Link |Sep 6, 2018 11:24:24 AM
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
54.1. Small Investor |   Link |Sep 6, 2018 1:24:32 PM
IPO Guru IPO Guru (1600+ Posts, 800+ Likes)
got msg from bank amount rs 135000 debited through ASBA Sumit3000*
53. HARI IPO |   Link |Sep 6, 2018 10:40:08 AM
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 .
53.1. VIE |   Link |Sep 6, 2018 11:14:10 AM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
Its draw of lot. Better luck next time.