Business Standard

Suumaya Industries Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

13.84 cr

Price Range (₹)

18

Lot Size

8000

Min Investment (₹)

1,44,000.00

Listing Exchange

NSE - SME

Open Date

22-May-2018

Close Date

25-May-2018

Listing Date

04-Jun-2018

Suumaya Industries Ltd News

    The Shares of Suumaya Industries Ltd have now been listed.

    Suumaya Industries Ltd IPO Details

    Public offer of 76,88,000 equity shares of Rs.10/- each (equity shares) of Suumaya Lifestyle Limited (SLL or the company) for cash at a price of Rs.18 per share (the offer price), aggregating to Rs.13.84 Crores (the offer) consisting of fresh isue of upto 18,88,000 equity shares aggregating to Rs.3.40 Crores and an offer for sale of 58,00,000 equity shares by the selling shareholder aggregating to Rs.10.44 Crores (offer for sale), of which upto 3,92,000 equity shares of Rs. 10/- each will be reserved for subscription by market makers to the offer (the market maker reservation portion). The offer less market maker reservation portion i.e. Offer of upto 72,96,000 equity shares of Rs. 10/- each is hereinafter referred to as the net offer. The offer and the net offer will constitute 32.98% and 30.39% respectively of the post offer paid up equity share capital of the company.The face value of equity shares is Rs. 10 each and the offer price of 18 is 1.8 time of the face value

    Objective of issue

    Funding Working Capital Requirements.

    Suumaya Industries Ltd Contact Details

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

    Phone - 91-22-62638200

    Fax - 91-22-63638299

    Email - cs@suumayalifestyle.com

    Website - www.suumaya.com