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| Issue Open | Aug 29, 2018 |
| Issue Close | Aug 31, 2018 |
| IPO Price | ₹45 |
| Face Value | ₹10 |
| IPO Size | ₹18.24 Cr |
| Listing At | NSE SME |
| IPO Lot Size | 3000 |
Sumit Woods IPO subscribed 6.41 times. The public issue subscribed 1.70 times in the retail category, [.] times in QIB, and 10.60 times in the NII category by Aug 31, 2018.
| Investor Category | Subscription (times) |
|---|---|
| Qualified Institutions | [.] |
| Non-Institutional Buyers | 10.60 |
| Retail Investors | 1.70 |
| Employees | [.] |
| Others | [.] |
| Total | 6.41 |
| Date | NII | Retail | Total |
|---|---|---|---|
Day 1 | 0.28 | 0.03 | 0.15 |
Day 2 | 0.53 | 0.11 | 0.58 |
Day 3 | 10.60 | 1.70 | 6.41 |
Sumit Woods IPO is a public issue of 3,834,000 equity shares. The issue offers 1,917,000 shares to retail investors, 0 shares to qualified institutional buyers, and 1,917,000 shares to non-institutional investors.
| Category | Shares Offered | % |
|---|---|---|
| NII | 1,917,000 | 50.00% |
| Retail | 1,917,000 | 50.00% |
| Total | 3,834,000 | 100% |
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.
Individual investors, NRIs, companies, trusts, etc who bid for more than Rs 2 lakhs are known as Non-institutional bidders or NII. They need not register with SEBI like QIIs.
The retail individual investor or NRIs who apply up to Rs 2,00,000 in an IPO are considered as RII reserved category.
A category of eligible employees who have a reserved quota in the IPO.
A category of eligible shareholders or other investors who have a reserved quota in the IPO.
The Sumit Woods IPO is subscribed 6.41 by Aug 31, 2018.
| Investor Category | Subscription (times) |
|---|---|
| Qualified Institutional | [.] |
| Non Institutional | 10.60 |
| Retail Individual | 1.70 |
| Employee Reservations | [.] |
| Others | [.] |
| Total Subscription | 6.41 |
An investor can apply in Sumit Woods IPO online via bank (using ASBA) or the broker (using UPI). The Sumit Woods IPO shares are offered online only.
The Sumit Woods IPO is subscribed 6.41 by Aug 31, 2018.
The Sumit Woods IPO allotment status is expected on or around Sep 5, 2018. Visit Sumit Woods IPO allotment status to check.
Visit Sumit Woods IPO subscription status page for real-time bidding information about Sumit Woods IPO.
| IPO Opens On | Aug 29, 2018 |
| IPO Closes On | Aug 31, 2018 |
| Finalisation of Basis of Allotment | Sep 5, 2018 |
| Initiation of Refunds | Sep 6, 2018 |
| Credit of Shares to Demat Account | Sep 6, 2018 |
| IPO Listing Date | Sep 10, 2018 |
Useful Articles
Rs 0 Eq Delivery Brokerage
Flat ₹10 Per Trade in F&O
Rs 0 Demat AMC
