IPO Synopsis

Sumit Woods Ltd
Registered Office: B-1101 Express Zone,Western Exp Highway Malad (E),Mumbai-400097, Maharashtra
Tel. No: 91-22-2874 9966/77
Fax No: 91-22-2874 3377
Email: contact@sumitwoods.com
Website: www.sumitwoods.com
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.
Issue Money Payable On
Opens On Closes On Application Allotment
29-Aug-2018 31-Aug-2018 ₹45.00 - 0.00 ₹0.00 - 0.00
Minimum Application for shares in Nos : 3000 Further Multiples of :3000
(₹ Cr) Lead Managers to the Issue
Project Cost 18.24 Mark Corporate Advisors Pvt Ltd
Project Financed through Current Offer 18.24
Post Issue Equity Share Capital 15.29
Issue Price 45.00
Projects
To Meet the Fund Requirements for Execution of the ongoing & Forthcoming Projects & Other Working Capital Requirements
Repayment/Prepayment of Secured Loans
General Corporate Purposes
Promoted By
Mitaram Jangid
Subodh Nemlekar
Bhushan Nemlekar
Listing At
NSE - SME
Registrar To The Issue