Bookbuilding IPO | ₹1,665 Cr | Listing at BSE, NSE | Wed, May 2, 2012 - Fri, May 4, 2012
Samvardhana Motherson IPO is a book build issue of ₹1,665.00 crores. The issue is a combination of fresh issue of 11.39 crore shares aggregating to ₹1,344.00 crores and offer for sale of 2.72 crore shares aggregating to ₹321.00 crores.
Samvardhana Motherson IPO bidding started from May 2, 2012 and ended on May 4, 2012.
Samvardhana Motherson IPO is set issue price band at ₹113 to ₹118 per share. The lot size for an application is 50 shares. The minimum amount of investment required by an individual investor (retail) is ₹5,900 (50 shares) (based on upper price). The lot size investment for sNII is 34 lots (1,700 shares), amounting to ₹2,00,600, and for bNII, it is 170 lots (8,500 shares), amounting to ₹10,03,000.
JP Morgan India Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Samvardhana Motherson IPO RHP for detailed Information.
IPO Open
Wed, May 2, 2012
IPO Close
Fri, May 4, 2012
Price Band
₹113 to ₹118
Market Cap (Pre-IPO)
To be declared
| IPO Date | 2 to 4 May, 2012 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹113 to ₹118 |
| Lot Size | 50 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 14,11,01,694 shares (agg. up to ₹1,665 Cr) |
| Fresh Issue | 11,38,98,305 shares (agg. up to ₹1,344 Cr) |
| Offer for Sale | 2,72,03,389 shares of ₹10 (agg. up to ₹321 Cr) |
| Share Holding Pre Issue | 47,36,13,855 shares |
| Share Holding Post Issue | 58,75,12,160 shares |
Samvardhana Motherson IPO comprises a total issue size of 12,76,96,518 shares. Out of which, 5,03,40,323 are allocated to QIB, 2,09,96,681 (17.45%) allocated to NII 4,89,92,257 (40.72%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 5,03,40,323 | NA | |
| − QIB (Ex. Anchor) Shares Offered | 5,03,40,323 | NA | |
| NII (HNI) Shares Offered | 2,09,96,681 | 16.44% | NA |
| Retail Shares Offered | 4,89,92,257 | 38.37% | 9,79,845 |
| Total Shares Offered | 12,76,96,518 | 100.00% |
Investors can bid for a minimum of 50 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 50 | ₹5,900 |
| Retail (Max) | 33 | 1,650 | ₹1,94,700 |
| S-HNI (Min) | 34 | 1,700 | ₹2,00,600 |
| S-HNI (Max) | 169 | 8,450 | ₹9,97,100 |
| B-HNI (Min) | 170 | 8,500 | ₹10,03,000 |
Incorporated in 2004, Samvardhana Motherson Finance Limited (SMFL) is a multinational business with manufacturing and design capabilities providing full system solutions to diverse industries. SMFL provides an end-to-end range of design and manufacturing solutions to the automotive customers, including product concept and product design, engineering, manufacturing, sub-assembly and the production of integrated modules.
The business portfolio includes wiring harnesses, rearview mirrors, molded plastic parts, injection molding tools, assemblies and modules, elastomer products, cutting tools and thin film coating metals, IT services, design engineering, cabins for off-highway vehicles, HVAC/ air conditioning systems for automobiles, lighting systems, air intake manifolds, air compressors, paint coating equipment, auxiliary equipment for injection molding machines and automotive manufacturing engineering services.
The major customers of the company include the five largest automotive OEM manufacturers in the world, as well as the largest automotive OEM manufacturer in India. SMFL has 90 manufacturing facilities with a presence in 23 countries across the world, including 23 locations outside India and the company is in the process of establishing new manufacturing facilities in India, Brazil and Thailand.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding pre-payment and repayment of debt facilities availed by our Company and certain of our Subsidiaries | 338.50 |
| 2 | Funding strategic investments in Samvardhana Motherson Polymers Limited, our Joint Venture, and Samvardhana Motherson Holding (M) Private Limited, our Subsidiary | 627.50 |
| 3 | Funding investments in our rear-view vision systems business | 156.00 |
| 4 | General Corporate purposes |
The Samvardhana Motherson IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | - | - | - | |
ICRA has assigned an IPO Grade 4 to Samvardhana Motherson Finance Ltd IPO. This means as per ICRA, company has 'Above Average Fundamentals'. ICRA assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Read Samvardhana Motherson Finance Ltd IPO Grading Report.
Samvardhana Motherson Finance Ltd (SMFL) has withdrawn its Rs 1665.00 Crore IPO due to poor response from investor across the board.
SMFL public issue subscribed 0.23 times on its final day of subscription. QIB quota of the IPO subscribed most with bids received for 57% shares. The response in Non Institutional, Retail Individual and Employee Reservation quota was worst in recent years. All of these categories received bids only for 1% of the quota allocated.
As per experts, wrong timing of the IPO and stiff pricing of the shares as two major reasons for the failure of Samvardhana IPO.
Lead Manager Reports
Samvardhana Motherson IPO is a main-board IPO of 14,11,01,694 equity shares of the face value of ₹10 aggregating up to ₹1,665 Crores. The issue is priced at ₹113 to ₹118. The minimum order quantity is 50.
The IPO opens on Wed, May 2, 2012, and closes on Fri, May 4, 2012.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Samvardhana Motherson IPO using UPI as a payment gateway. Zerodha customers can apply in Samvardhana Motherson IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Samvardhana Motherson IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Samvardhana Motherson IPO opens on Wed, May 2, 2012 and closes on Fri, May 4, 2012.
Samvardhana Motherson IPO lot size is 50, and the minimum amount required for application is ₹5,900.
You can apply in Samvardhana Motherson IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Samvardhana Motherson IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Samvardhana Motherson IPO allotment status.
The Samvardhana Motherson IPO listing date is not yet announced. The tentative date of listing is .
