Business Standard

Sumit Woods Ltd - IPO

Issue Type

Book Building - SME

Issue Size (₹ Cr.)

18.24 cr

Price Range (₹)

45

Lot Size

3000

Min Investment (₹)

1,35,000.00

Listing Exchange

NSE - SME

Open Date

29-Aug-2018

Close Date

31-Aug-2018

Listing Date

10-Sept-2018

Sumit Woods Ltd News

    The Shares of Sumit Woods Ltd have now been listed.

    Sumit Woods Ltd IPO Details

    Public issue of 40,53,000 equity shares of face value of Rs.10 each of Sumit Woods Limited (sumit or the company or the issuer) for cash at a price of Rs.45 per equity share including a share premium of Rs. 35 per equity share (the issue price) aggregating to Rs.18.24 Crores(the issue), of which 2,19,000 equity shares of face value of Rs.10 each for cash at a price of Rs.45 per equity share including a share premium of Rs.35 per equity share aggregating to Rs.0.99 Crores will be reserved for subscription by market maker to the issue (the market maker reservation portion). The issue less the market maker reservation portion i.e.issue of 38,34,000 equity shares of face value of Rs.10 each at a price of Rs.45 per equity share including a share premium of Rs.35 per equity share aggregating to Rs.17.25 Crores is hereinafter referred to as the net issue. The issue and the net issue will constitute 26.50% and 25.07% respectively of the post issue paid up equity share capital of the company.Issue Price: Rs.45 per equity share.The face value of the Equity Shares is Rs.10 each and the issue price of Rs.45 is 4.5 times of the face value.

    Objective of issue

    To Meet the Fund Requirements for Execution of the ongoing & Forthcoming Projects & Other Working Capital Requirements. Repayment/Prepayment of Secured Loans. General Corporate Purposes.

    Sumit Woods Ltd Contact Details

    Sumit Woods Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

    Phone - 91-22-62638200

    Fax - 91-22-63638299

    Email - contact@sumitwoods.com

    Website - www.sumitwoods.com