Incorporated in 1997, Mumbai based Sumit Woods Limited is a company engaged in the business of civil contractors and executed projects for Modern Bread, Railway Officers and Government Holiday Homes.
The company's first project was Kandivali Mitnayan Co-Op Housing Society with a built up area of 26000 Sqft. completed in the year 2004. Since then it has completed 19 projects.
During 2012-17, the main business activities of the company were redevelopment of Old Buildings, (CESS Building Redevelopment / MHADA Redevelopment), and residential projects in Mumbai and Goa.
Sumit Woods is a patron member of MCHI, CREDAI Mumbai. The company has handed over more than 4,500 units across 2.86 million square feet.
The company has 33 permanent employees on its payroll.
| Purpose | Amount (₹ Cr) |
|---|---|
| 1 To meet the fund requirements for execution of our Ongoing and Forthcoming Projects and other working capital requirements; | ₹9 |
| 2 To repay/prepay the secured loans | ₹4 |
| 3 To provide funds to meet General Corporate Purpose | ₹4 |
| Metric | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 |
|---|---|---|---|
| Total Assets | 11,751 | 12,243 | 13,512 |
| Revenue | 3,433 | 4,697 | 2,961 |
| PAT | 775 | 313 | 75 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | — | 1,149,000 (28%) | — |
| NII / HNI | — | 1,341,000 (33%) | — |
| Retail (RII) | — | 1,344,000 (33%) | — |
| Market Maker | — | 219,000 (5%) | — |
| Total | — | 4,053,000 (100%) | — |
* Amount calculated at upper price band (₹45) · ** Total includes all investor categories
- 1 Initiation of Refund 06 Sep 2018
- 2 Credit of Shares to Demat 06 Sep 2018
- Retail allocation is good at 33% of the total offering.
- HNI/NII demand is strong at 33%.
- Institutional (QIB) interest is strong at 28%.
This IPO shows moderate investor interest. Review financial details and compare valuation with industry peers before investing.
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