Suumaya Lifestyle Limited IPO
Issue Analysis :
|Issue opens||May 22, 2018|
|Issue Closes||May 25, 2018|
|Issue Size||3.40 Cr|
|Lead Manager||Gretex Corporate Services Pvt Ltd|
|Registrar||Bigshare Services Pvt. Ltd|
Company’s Snapshot :
Incorporated in the year 2011, Suumaya Lifestyle Limited is a company engaged in the manufacturing of designer wear of women like Kurtis, ethnic tops, salwar suits etc.
The company has its own design and production house with expertise and dedicated team. It markets products under the brand name “ekka”, “ira” and “tag 9”. Suumaya serves its customers through retail as well as wholesale. The company has 18 employees on its payroll.
Object of the Issue :
The Offer consists of a fresh issue of 18,88,000 Equity Shares and an offer for sale of up to 58,00,000 Equity Shares of the Company aggregating to `1383.84 Lakh by the Selling Shareholder. The Company will not receive any proceeds from the Offer for Sale. The Selling Shareholder will be entitled to the proceeds of the Offer for Sale of their respective portions of the Offered Shares, respectively net of their proportion of Offer related expenses.
The Objects of the Fresh Issue is funding working capital requirements.
Financial Highlights :
Summary of financial Information (Restated)
|Particulars||For the year/period ended (in Rs. Lakhs)|
|Profit After Tax||44.91||31.77||4.98||11.87||(1.41)|
Company Promoters :
The promoters of the Company are Ms. Ishita Mahesh Gala and Indiacredit Risk Management LLP. Indiacredit Risk Management LLP is engaged in activities auxiliary to financial intermediation. The designated Partners of Indiacredit Risk Management LLP are-
- Amisha Sanjay Shah
- Ushik Mahesh Gala
Contact Company Information :
Suumaya Lifestyle Limited
Gala No.5F/D, Malad Industrial Units
Coop Soc Ltd, Kachpada, Ramchandra Lane Extension
Malad (W), Mumbai – 400 064
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