Sumit Woods Limited
Issue Analysis :
| Issue opens | Aug 29, 2018 |
| Issue Closes | Aug 31, 2018 |
| Issue Price | Rs 43 to Rs 45 |
| Lot Size | 3000 |
| Issue Size | 18.24 Cr |
| Lead Manager | MARK CORPORATE ADVISORS PRIVATE LIMITED |
| Registrar | BIGSHARE SERVICES PVT. LTD |
| Platform | NSE |
Company’s Snapshot :
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.
Object of the Issue:
The objects of the Issue are to:
- Meet the fund requirements for execution of our Ongoing and Forthcoming Projects and other working capital requirements;
- To repay/prepay the secured loans;
- Meet General Corporate Purpose;
- Meet Public Issue Expenses.
Financial Highlights :
| Summary of financial Information (Restated) | ||||||
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | ||
| Total Assets | 11,750.88 | 12,243.12 | 13,512.35 | 12,614.62 | 12,462.99 | |
| Total Revenue | 3,433.13 | 4,697.31 | 2,961.14 | 2,951.42 | 1,973.60 | |
| Profit After Tax | 774.53 | 313.26 | 74.98 | 85.35 | 271.52 | |
| Summary of financial Information (Standalone) | ||||||
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | ||
| Total Assets | 9,503.74 | 10,105.59 | 11,312.47 | 10,870.44 | 11,115.30 | |
| Total Revenue | 2,114.04 | 3,899.55 | 2,285.13 | 2,002.80 | 1,388.17 | |
| Profit After Tax | 573.19 | 260.38 | 54.05 | 97.32 | 57.08 | |
Company Promoters:
The Promoters of the Company are:
- Mr. Mitaram Jangid;
- Mr. Subodh Nemlekar and
- Mr. Bhushan Nemlekar
- Mrs. Sharda M. Jangid
- Mrs. Kavita B. Nemlekar
Contact Company 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
Email: contact@sumitwoods.com
Website: http://www.sumitwoods.com/
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