Suumaya Lifestyle Ltd

Suumaya Lifestyle

About the Company:

Suumaya Lifestyle Ltd is engaged in the manufacturing of designer wear of women like kurtis, ethnic tops, salwar suits etc. and designer women apparels.

Company is involved in business of manufacturing and trading of dress materials, suits, sarees, kurtis and other allied goods made from cotton, denim, silk, synthetics, jute, velvet, woollen, leather, rexin, or with any combination thereof and to participate in local, national and international trade fairs, sales exhibitions, seminars, fashion shows or any other sales promotion scheme.

Company procures raw material from vendors situated in different parts of India such as Surat, Banaras, Bangalore, Kolkata and other parts of south India. They also import fabrics based on the product.

Company markets products under the brand name “ekka”, “ira” and “tag 9”. Company is both in retail and wholesale business.

Segment wise Revenue Breakup: (in Lakhs)

revenue breakup

Capacity Utilization:

capacity utilization

Management Team:

  1. Ms. Ishita Mahesh Gala (Designation: Managing Director)
  2. Mr. Satish Jayantilal Khimawat (Designation: Non Executive -Independent Director)
  3. Mr. Paras Hansraj Desai (Designation: Non Executive – Independent Director)


Promoters Average Acquisition Cost:

Name of the Promoter No. of Shares held Average Acquisition Cost (in Rs.)
Ishita Gala 18,00,000 11.00
Indiacredit Risk Management LLP 48,60,000 18.00


Promoters Stake Pre & Post Issue:

Shareholder Name Pre Issue Stake (%) Post Issue Stake
Rangoli Tradecomm Private Ltd 26.22 NIL
Ishita Mahesh Gala 8.14 7.50
Indiacredit Risk Management LLP 21.97 20.24
Promoter Group Entities              3.66            3.37
Total 59.99% 31.11%


Objectives of the Issue:

OFS (Offer For Sale): (Around Rs.10.44 cr)

  • Company will not receive any proceeds from the Offer for Sale by the Selling Shareholders.

Fresh Issue: (Around Rs.3.39 cr)

  • Funding Working Capital Requirements.


Financials of the Company:

(in Crores) FY 14 FY 15 FY 16 FY 17 30th Sept 17
Revenue  15.47  37.15  90.53  212.05  107.74
Net Profit  0.12  0.05  0.31  0.44  1.50


Valuation of Peer Group Companies:

Company Name Face Value EPS PE Ratio RoNW NAV
Suumaya Lifestyle Limited 10 0.20 88.65 1.92% 10.56
Jet Knitwears Ltd 10 1.9 29.3 44.8% 8.3
Manomay Tex India Ltd 10 1.8 28 20.5% 8.2
Ashapura Intimates Fashion Ltd 10 8.1 68.1 21.3% 18.8


IPO Details:

Details Info
Issue Opens on 22nd May 2018
Issue Closes on:. 25th May 2018
Issue Price Rs.18
Face Value Rs.10
Minimum Lot 8000 shares
Minimum Investment Rs.1,44,000
Issue Constitutes 32.98%
Issue Size Rs.13.83 cr
Market Cap Rs.43.21 cr
Listing at NSE SME
Equity Shares Offered (Fresh) 18,88,000
Equity Shares Offered (OFS) 58,00,000
Total Equity Shares Offered (Fresh + OFS) 76,88,000
Equity Shares Prior to the Issue 2,21,20,000
Equity Shares after the Issue 2,40,08,000


IPO Valuation Parameters:

Earnings Per Share (EPS) Price To Earnings ratio (PE) Return on Net Worth (RoNW) Net Asset Value (NAV)
0.20 88.65 1.92% 10.56


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Company Contact Info:
Suumaya Lifestyle Limited
(Formerly known as Richway International Trade Limited)
Gala No.5F/D, Malad Industrial Units,
Coop Soc Ltd, Kachpada, Ramchandra Lane Extension,
Malad (W), Mumbai – 400 064, Maharashtra, India
Tel. No: +91-022-49712096
Email id:
Website: www.suumayalifestylecom


IPO Registrar Info:
Bharat Tin Workings Building, 1st Floor,
Opp. Vasant Oasis, Marol Maroshi Road,
Marol, Andheri- East, Mumbai – 400059 Maharashtra
Tel: +91 22 62638200
Fax: +91 22 62638299


Lead Manager to the Issue:
102, 1st Floor, Atrium-2,
Behind Coutyard Marriott Hotel,
Andheri Kurla Road, Hanuman Nagar,
Andheri- East, Mumbai-400093, Maharashtra
Tel. No.: +91-22 -4002 5273/9836822199
Fax No.: +91-22-4002 5273