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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.
The promoters of the Company are Ms. Ishita Mahesh Gala and Indiacredit Risk Management LLP. Indiacredit Risk Management LLP is engaged in activities auxiliary to financial intermediation. The designated Partners of Indiacredit Risk Management LLP are-
1.Amisha Sanjay Shah
2. Ushik Mahesh Gala
| 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.
| IPO Opening Date | May 22, 2018 |
| IPO Closing Date | May 25, 2018 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹18 per equity share |
| Market Lot | 8000 Shares |
| Min Order Quantity | 8000 Shares |
| Listing At | NSE SME |
| Issue Size | 1,888,000 Eq Shares of ₹10 (aggregating up to ₹3.40 Cr) |
The Suumaya Lifestyle IPO market lot size is 8000 shares. A retail-individual investor can apply for up to 1 lots (8000 shares or ₹144,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 8000 | ₹144,000 |
| Maximum | 1 | 8000 | ₹144,000 |
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 5/25/2018 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) |
|---|---|
| NII | 1.49 |
| Retail | 1.39 |
| Total | 1.44 |
| Listing Date | Monday, June 4, 2018 |
| BSE Script Code | |
| NSE Symbol | SUULD |
| Listing In | |
| ISIN | INE591Q01016 |
| IPO Price | ₹18 per equity share |
| Face Value | ₹10 per equity share |
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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: http://www.bigshareonline.com
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 equity 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 order quantity is 8000 Shares.
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, Edelweiss, 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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