Sumit Woods Limited IPO (Sumit Woods IPO) Detail
ABOUT THE COMPANY:
Sumit Woods Limited was established in 1997, Sumit Woods Limited is Navi Mumbai based company. Three decades ago, Sumit Group was incorporated with a dream. To be amongst the most reputed names adorning the skyline of Mumbai and other regions. Today, more than 50 projects and 4,500 happy customers later, Sumit Group is one of the most trusted real estate developers in the city. And a powerful force to reckon with
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.
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.
Promoters of Sumit Woods Limited:
The Promoters of the Company are:
1. Mr. Mitaram Jangid;
2. Mr. Subodh Nemlekar and
3. Mr. Bhushan Nemlekar
4. Mrs. Sharda M. Jangid
5. Mrs. Kavita B. Nemlekar
Mitaram Jangid, Promoter and Managing Director
He is a graduate in Commerce from Dalmia College, Malad, Mumbai. He co-founded the company along with Subodh Nemlekar in 1987 and has grown Sumit Woods to one of the most trusted real estate company in Mumbai and Goa.
He is currently heading Design Development activity of the company and also looks after the overall progress of all the projects of the company.
Subodh Nemlekar, Promoter and Joint Managing Director
He graduated with B.A from Shivaji University, Kolhapur and took voluntary retirement to pursue his career in the Construction & Development Industry. He is currently involved in the Business development activities of Sumit Woods Limited.
Sumit Woods Limited IPO Financial details:
|Sumit Woods’ financial performance (in INR crore)|
|Profit after tax||1.5||2.7||0.9||0.7||3.1||6.7|
Objects of the Sumit Woods Limited IPO:
The objects of the Issue are to:
1. Meet the fund requirements for execution of our Ongoing and Forthcoming Projects and other working
2. To repay/prepay the secured loans;
3. Meet General Corporate Purpose;
4. Meet Public Issue Expenses.
Sumit Woods Limited IPO Details:
Sumit Woods Limited IPO Details
|Issue Share||40,53,000 Total Equity Share
2,19,000 Reserved by Market Maker
38,34,000 Equity Share
|Issue Size||₹ 18.24 Cr|
|IPO Price Band||₹ 43 to 45|
|Minimum Share Bid||3000|
|Minimum Investment Amount [Rs]||₹ 1,35,000|
|Face Value||₹ 10|
|Listing On||NSE SME|
Sumit Woods Limited IPO Allotment Status:
Company Contact Information:
Sumit Woods Limited
B-Wing, Office No-1101
Opp. Reliance Office, Express Zone
W.E.Highway, Malad-East Mumbai – 400097
Phone: +91 22 2874 9966/77
Fax: +91 22 2874 3377
Sumit Woods IPO Registrar:
Bigshare Services Pvt. Ltd
Bigshare Services Pvt Ltd E-2 & 3,
Ansa Industrial Estate, Saki-Vihar Road,
Sakinaka, Andheri(E), Mumbai – 400 072
Fax: 91-22-2847 5207
Sumit Woods IPO Lead Manager(s):
SEBI Regn No.:
Mark Corporate Advisors Private Limited
404/1, The Summit Business Bay,
Off W. E. Highway, Vile Parle (East),
Phone: +91 22 2612 3207/08
Fax: +91 22 2612 3207/08