Sumit Woods Ltd - IPO

Sumit Woods Ltd IPO Details

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.

Objective of issue

To Meet the Fund Requirements for Execution of the ongoing & Forthcoming Projects & Other Working Capital Requirements. Repayment/Prepayment of Secured Loans. General Corporate Purposes.

Sumit Woods Ltd Contact Details

Sumit Woods Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - contact@sumitwoods.com

Website - www.sumitwoods.com