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)
Capacity Utilization:
Management Team:
- Ms. Ishita Mahesh Gala (Designation: Managing Director)
- Mr. Satish Jayantilal Khimawat (Designation: Non Executive -Independent Director)
- 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 |
|---|---|---|
| Promoters | ||
| 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 |
| Check IPO Allotment Status: |
|---|
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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: suumayalifestyle@gmail.com Website: www.suumayalifestylecom |
| IPO Registrar Info: |
|---|
| BIGSHARE SERVICES PRIVATE LIMITED 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 E-mail: ipo@bigshareonline.com Website: www.bigshareonline.com |
| Lead Manager to the Issue: |
|---|
| GRETEX CORPORATE SERVICES PRIVATE LIMITED 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 Email:info@gretexgroup.com Website: www.gretexcorporate.com |
