IPO SYNOPSIS

Sumit Woods Ltd
Registered Office:
B-1101 Express Zone,Western Exp Highway Malad (E),
Mumbai - 400097,
Maharashtra, India.
Website :  www.sumitwoods.com
Public issue of 40,53,000 equity shares of face value of (₹)10 each of Sumit Woods Limited ("sumit" or the "company" or the "issuer") for cash at a price of (₹)45 per equity share including a share premium of (₹) 35 per equity share (the "issue price") aggregating to (₹)18.24 Crores("the issue"), of which 2,19,000 equity shares of face value of (₹)10 each for cash at a price of (₹)45 per equity share including a share premium of (₹)35 per equity share aggregating to (₹)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 (₹)10 each at a price of (₹)45 per equity share including a share premium of (₹)35 per equity share aggregating to (₹)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: (₹)45 per equity share. The face value of the Equity Shares is (₹)10 each and the issue price of (₹)45 is 4.5 times of the face value.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
29-Aug-18
31-Aug-18
45.00-0.00
0.00-0.00
Minimum Application for shares in Nos : 3000     Further Multiples of : 3000
 
(Rs.Cr)
Lead Managers to the Issue
Project Cost
18.24
Mark Corporate Advisors Pvt Ltd
Project Financed
18.24
 
Post Issue
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
No Data Available!!!
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