Business description – Sumit Woods is engaged in the construction and development activity for the last 21 years and has constructed more than 50 residential and commercial projects in Mumbai, Thane and Goa. It has handed over more than 4500 units since our incorporation.
The business was started under a partnership firm namely, “M/s Sumit Constructions” to carry on the business of civil contractors and executed projects for Modern Bread, Railway Officers and Government Holiday Homes. Due to expansion and growth of construction activities in the market, in 1997, Mr Mitaram Jangid and Mr Subodh Nemlekar incorporated the company with the object of acquiring land, carrying out construction work, developing and organizing of immovable properties etc. The first project was Kandivali Mitnayan Co-Op Housing Society with a built up area of 26000 Sqft. which was completed in the year 2004. The company has thereafter completed 19 projects till date. During the period 2012-17, its main business activities were redevelopment of old buildings, (CESS Building Redevelopment / MHADA Redevelopment), and residential projects in Mumbai and in the state of Goa.
Promoters of Sumit Woods – Mr Mitaram Jangid, Mr Subodh Nemlekar, Mr Bhushan Nemlekar, Mrs Kavita Nemlekar and Mrs Sharda M Jangid
| Sumit Woods IPO details | |
| Subscription Dates | 29 – 31 August 2018 |
| IPO Price band | INR43 – 45 per share |
| Fresh issue | 4,053,000 shares (INR17.43 – 18.24 crore) |
| Offer for sale | Nil |
| Total IPO size | 4,053,000 shares (INR17.43 – 18.24 crore) |
| Minimum bid (lot size) | 3,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge SME platform |
Use of funds
- Meet fund requirements for execution of ongoing and forthcoming projects and other working capital requirements- INR9.22 crore
- Repay/prepay secured loans
- General Corporate Purpose
- Issue Expenses
| Sumit Woods’ financial performance (in INR crore) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | 11M FY2018 | |
| Total revenue | 30.1 | 19.7 | 29.5 | 29.6 | 47.0 | 26.5 |
| Total expenses | 27.8 | 15.8 | 28.5 | 28.7 | 43.0 | 18.1 |
| Profit after tax | 1.5 | 2.7 | 0.9 | 0.7 | 3.1 | 6.7 |
Sumit Woods’ Contact Details
Sumit Woods Limited
B-1101, Express Zone
Western Express Highway
Malad (E), Mumbai–400 097
Phone: +91 22 2874 9966
Email: [email protected]
Website: www.sumitwoods.com
Sumit Woods IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.15 |
| Day 2 | 0.55 |
| Day 3 | 5.92 |
Sumit Woods Valuation (For latest FY)
Earnings Per Share (EPS): INR2.95
Price/Earnings (P/E) ratio: 14.57 – 15.25
Return on Net Worth (RONW): 7.78%
Net Asset Value (NAV): INR37.90 per share
Registrar of Sumit Woods IPO
Bigshare Services Private Limited
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072
Phone: +91 22 4043 0200
Fax: +91 22 2847 5201
Email: [email protected]
Website: www.bigshareonline.com
Sumit Woods IPO Allotment Status
Sumit Woods IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Listing performance of Sumit Woods
IPO Opening Date: 29 August 2018
IPO Closing Date: 31 August 2018
Listing Date: 10 September 2018
Listing Price on NSE SME: INR47 per share (up 4.44% from IPO price)
Closing Price on NSE SME: INR47.95 per share (up 6.55% from IPO price)
