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Suumaya Lifestyle IPO is a fixed price issue of Rs 3.40 crores.
Suumaya Lifestyle IPO bidding started from May 22, 2018 and ended on May 25, 2018. The shares got listed on NSE SME on June 4, 2018.
Suumaya Lifestyle IPO price is ₹18 per share. The minimum lot size for an application is 8000 Shares. The minimum amount of investment required by retail investors is ₹144,000.
Gretex Corporate Services Limited is the book running lead manager of the Suumaya Lifestyle IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Suumaya Lifestyle IPO RHP for detailed information.
| IPO Date | May 22, 2018 to May 25, 2018 |
| Listing Date | June 4, 2018 |
| Face Value | ₹10 per share |
| Price | ₹18 per share |
| Lot Size | 8000 Shares |
| Total Issue Size | 1,888,000 shares (aggregating up to ₹3.40 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 392,000 shares |
Suumaya Lifestyle IPO offers 8,080,000 shares. 3,648,000 (45.15%) to NII, 3,648,000 (45.15%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 392,000 (4.85%) |
| Other Shares Offered | 3,648,000 (45.15%) |
| Retail Shares Offered | 3,648,000 (45.15%) | Other Shares Offered | 392,000 (4.85%) |
| Total Shares Offered | 8,080,000 (100%) |
Investors can bid for a minimum of 8000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 8000 | ₹144,000 |
| Retail (Max) | 1 | 8000 | ₹144,000 |
| Lot Size Calculator | |||
Incorporated in the year 2011, Suumaya Lifestyle Limited is a company engaged in the manufacturing of designer wear of women like Kurtis, ethnic tops, salwar suits etc.
The company has its own design and production house with expertise and dedicated team. It markets products under the brand name "ekka", "ira" and "tag 9". Suumaya serves its customers through retail as well as wholesale. The company has 18 employees on its payroll.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 3,319.14 | 2,716.2 | 3,107.12 | 2,201.07 | 1,155.37 | |
| Total Revenue | 21,205.77 | 9,053.11 | 3,715.78 | 1,547.08 | 0.65 | |
| Profit After Tax | 44.91 | 31.77 | 4.98 | 11.87 | (1.41) | |
The Offer consists of a fresh issue of 18,88,000 Equity Shares and an offer for sale of up to 58,00,000 Equity Shares of the Company aggregating to `1383.84 Lakh by the Selling Shareholder. The Company will not receive any proceeds from the Offer for Sale. The Selling Shareholder will be entitled to the proceeds of the Offer for Sale of their respective portions of the Offered Shares, respectively net of their proportion of Offer related expenses.
The Objects of the Fresh Issue is funding working capital requirements.
[Dilip Davda]
Although pricing appears reasonable on the basis of super profits for 9 months of FY18, its sustainability raises concern. Cash surplus risk savvy investors may consider investment at their own risk.
Read detail review...The Suumaya Lifestyle IPO is subscribed 1.44 times on May 25, 2018 5:00:00 PM. The public issue subscribed 1.39 times in the retail category, times in the QIB category, and 1.49 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 1.49 |
| Retail | 1.39 |
| Total | 1.44 |
| Listing Date | June 4, 2018 |
| BSE Script Code | |
| NSE Symbol | SUULD |
| ISIN | INE591Q01016 |
| Final Issue Price | ₹18 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹18.00 |
| ₹18.00 |
| ₹17.60 |
| ₹18.00 |
| ₹17.85 |
Suumaya Lifestyle Limited
Gala No.5F/D, Malad Industrial Units
Coop Soc Ltd, Kachpada, Ramchandra Lane Extension
Malad (W), Mumbai - 400 064
Phone: 022-49712096
Email: info@suumayalifestyle.com
Website: http://www.suumayalifestyle.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Suumaya Lifestyle IPO is a SME IPO of 1,888,000 equity shares of the face value of ₹10 aggregating up to ₹3.40 Crores. The issue is priced at ₹18 per share. The minimum order quantity is 8000 Shares.
The IPO opens on May 22, 2018, and closes on May 25, 2018.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Suumaya Lifestyle IPO opens on May 22, 2018 and closes on May 25, 2018.
Suumaya Lifestyle IPO lot size is 8000 Shares, and the minimum amount required is ₹144,000.
You can apply in Suumaya Lifestyle 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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Suumaya Lifestyle IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Suumaya Lifestyle IPO allotment status.
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