Business description – Suumaya Lifestyle is engaged in the manufacturing of designer wear of women like kurtis, ethnic tops, salwar suits etc. The company markets products under the brand name “ekka”, “ira” and “tag 9”. Suumaya Lifestyle serves its customers through a range of channels such as retail and wholesale. It has its own designer who develops new styles, fits, finishes to meet the latest fashion trends. The company’s core competency lies in its deep understanding of customers’ buying preferences and behavior across the Indian market.
Promoters of Suumaya Lifestyle – Ms Ishita Mahesh Gala and Indiacredit Risk Management LLP
| Suumaya Lifestyle IPO details | |
| Subscription Dates | 22 – 25 May 2018 |
| IPO Price band | INR18 per share |
| Fresh issue | 1,888,000 shares (INR3.40 crore) |
| Offer for sale | 5,800,000 shares (INR10.44 crore) |
| Total IPO size | 7,688,000 shares (INR13.84 crore) |
| Minimum bid (lot size) | 8,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge SME platform |
Use of funds
- Working capital requirements – INR3.02 crore
- Public Issue Expenses – INR0.38 crore
| Suumaya Lifestyle’s financial performance (in INR crore) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | H1 FY2018 | |
| Total revenue | 0.0 | 15.5 | 37.2 | 90.5 | 212.1 | 107.8 |
| Total expenses | 0.0 | 15.3 | 37.0 | 90.1 | 211.4 | 105.6 |
| Profit after tax | -0.01 | 0.12 | 0.05 | 0.32 | 0.45 | 1.51 |
Suumaya Lifestyle’ Contact Details
Suumaya Lifestyle Limited
Gala No.5F/D, Malad Industrial Units, Coop Soc Ltd
Kachpada, Ramchandra Lane Extension
Malad (W), Mumbai – 400 064
Phone: +91 22 4971 2096
Email: [email protected]
Website: www.suumayalifestyle.com
Suumaya Lifestyle IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.46 |
| Day 2 | 0.53 |
| Day 3 | 0.70 |
| Day 4 | 1.37 |
Suumaya Lifestyle Valuation (Latest FY)
Earnings Per Share (EPS): INR0.20
Price/Earnings (P/E) ratio: 88.65
Return on Net Worth (RONW): 1.92%
Net Asset Value (NAV): INR10.56 per share
Registrar of Suumaya Lifestyle 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
Suumaya Lifestyle IPO Allotment Status
Suumaya Lifestyle IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Listing performance of Suumaya Lifestyle
IPO Opening Date: 22 May 2018
IPO Closing Date: 25 May 2018
Listing Date: 4 June 2018
Listing Price on NSE SME: INR18 per share (no change from IPO price)
Closing Price on NSE SME: INR17.85 per share (down 0.83% from IPO price)
