Sunday, February 5, 2012

SUMATEX LIMITED IPO



September 1, 2010 by · Leave a Comment 

(Originally incorporated in the name of ‘Sumatex Services Private Limited’ on January 23, 1998 under the Companies Act, 1956 in the State of Rajasthan, vide Registration No. 17-014593
of 1997-98(CIN: U29262RJ1998PLC014593) The name of the company was subsequently changed to ‘Sumatex Services Limited’ and a fresh Certificate of Incorporation consequent on Change
of Name was obtained from Registrar of Companies, Rajasthan on July 20, 2007. The name of the company was further changed to ‘Sumatex Limited’ and a fresh Certificate of Incorporation
consequent on Change of Name was obtained from Registrar of Companies, Rajasthan on August 13, 2007.)

Registered Office: H-81, RIICO Extension, Pur Road, Bhilwara – 311 001, Rajasthan, India.
Tel. No. (01482) 260693, Fax No. (01482) 260575
Corporate Office : 513,Palm Spring Centre, Next to “D” Mart, Link Road, Malad (West), Mumbai -400 064.
Tel. No. (022) 4021 2421, Website: www.sumatex.com Email: ipo@sumatex.in;
Company Secretary & Compliance Officer: Ms.Neha Jain; E-Mail: complianceofficer@sumatex.in
Promoters: Shri Sudeep Malu and Smt. Supriya Malu

In case of revision in the Price Band, the Bidding Period will be extended for three additional working days after such revision, subject to the Bidding Period not exceeding 10 working days. Any
revision in the Price Band and the revised Bidding Period, if applicable, shall be widely disseminated by notification to Bombay Stock Exchange Limited (“BSE”) and National Stock Exchange
of India Limited (“NSE”), where the Equity Shares of our Company are proposed to be listed and whose online IPO systems will be available for bidding, by issuing a press release and also by
indicating the change on the website of the Book Running Lead Manager (“BRLM”), Co – Book Running Lead Manager (“Co-BRLM”) and the terminals of the Syndicate Member (s).
This Issue is being made through the 100% book building process wherein atleast 50% of the Net Issue to the Public shall be available for allocation on a proportionate basis to Qualified Institutional
Buyers (“QIBs”), out of which 5% shall be available for allocation on a proportionate basis to Mutual Funds and the remaining QIB portion shall be available for allocation on proportionate basis
to all QIBs, including Mutual Funds, subject to valid Bids being received at or above the Issue Price. Further, not less than 15% of the Net Issue to the Public shall be available for allocation on
a proportionate basis to Non-Institutional Bidders and not less than 35% of the Net Issue to the Public shall be available for allocation on a proportionate basis to Retail Individual Bidders, subject
to valid Bids being received at or above the Issue Price.

This being the first issue of Equity Shares of our Company, there has been no formal market for the Equity Shares of our Company. The Face Value of the
shares is Rs. 10 and the Issue Price is [] times of the Face Value. The Price Band (as determined by our Company in consultation with the BRLMs and
Co – BRLM on the basis of assessment of market demand for the Equity Shares by way of book building) should not be taken to be indicative of the market
price of the Equity Shares after the Equity Shares are listed. No assurance can be given regarding an active and/or sustained trading in the Equity Shares
of our Company or regarding the price at which the Equity Shares will be traded after listing.

Investments in equity and equity related securities involve a degree of risk and investors should not invest any funds in this Issue unless they can afford
to take the risk of losing their investment. Investors are advised to read the risk factors carefully before taking an investment decision in this Issue. For
taking an investment decision, investors must rely on their own examination of our Company and this Issue including the risks involved. The Equity Shares
offered in this Issue have not been recommended or approved by the Securities and Exchange Board of India (“SEBI”), nor does SEBI guarantee the
accuracy or adequacy of this Draft Red Herring Prospectus. Specific attention of the investors is invited to the section titled “Risk Factors” starting from
page no. xi of this Draft Red Herring Prospectus.

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