Samvardhana Motherson Finance Ltd IPO Current News

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UPDATE 1-Indias Samvardhana withdraws $311 mln IPO
Fri, 04 May 2012 07:00:00 GMT
The Samvardhana IPO was covered only about 23 percent of the total book size by 5 p.m. (1130 GMT) on Friday, the last day of bidding, according to stock exchange data. It was launched on Wednesday. "The response was mainly hit by worries about GAAR.

Samvardhana IPO: Complex holdings, tax havens raise serious doubts
Wed, 02 May 2012 09:49:00 GMT
Delhi-registered Samvardhana Motherson Finance Ltd's (SMFL) initial public offer (IPO) of Rs 1,665 cr with the price band of Rs 113 to Rs 118 for Rs 10 paid-up share, comprises a fresh issue of Rs 1,344 crore form the company and an `Offer for Sale' of Rs ...

Largest Indian IPO In 18 Months Fails To Sail Through
Fri, 04 May 2012 09:46:00 GMT
The $300 million-plus IPO of Samvardhana Motherson Finance has been subscribed just 23% or less than a quarter. The initial public offering (IPO) of Samvardhana Motherson Finance Ltd, the holding company of the automotive component manufacturing group ...

Samvardhana Motherson To Raise R1665Cr Through An IPO
Wed, 25 Apr 2012 04:23:00 GMT
Samvardhana Motherson Finance Limited has filed DRHP to raise R1665Cr, which includes a fresh issue of R1344Cr and an offer for sale of R321Cr by Radha Rani Holdings Pte Limited. The funds raised through fresh issue will be used to fund pre-payment and ...

Samvardhana IPO subscribed 3% on Day 1
Wed, 02 May 2012 14:15:00 GMT
The initial public offer (IPO) of auto parts maker Samvardhana Motherson Finance Ltd (SMFL) got subscribed 3 per cent on the first day on Wednesday. The IPO, which closes on May 4, attracted bids for over 38.71 lakh shares against 12.76 crore shares on ...

Samvardhana Motherson Finance withdraws IPO due to poor response
Fri, 04 May 2012 07:08:00 GMT
Samvardhana Motherson Finance has withdrawn its initial public offering (IPO) of shares to raise about Rs1,665 crore due to poor demand. The company, which provides design and manufacturing solutions to automakers, had appointed Standard Chartered and ...

Samvardhana Motherson IPO subscribed 14%; analysts recommend avoid
Fri, 04 May 2012 01:55:00 GMT
MUMBAI: Samvardhana Motherson Finance Ltd's (SMFL) initial public offering (IPO) was subscribed 14 percent on the third day of the issue today. Analysts are of the view that the valuations of the IPO do not reflect the company's true value. SMFL's two big ...

Samvardhana Motherson to be debt free company post IPO
Wed, 02 May 2012 07:07:00 GMT
Ex-chairman and executive director of Samvardhana Motherson Finance (SMFL) Vivek Chaand Sehgal tells CNBC-TV18 that they will become a debt free company once the proceeds of the IPO flow in. SMFL currently has close to Rs 4,000 crore of debt, but Sehgal ...

Samvardhana Motherson Finance Shelves IPO
Fri, 04 May 2012 08:24:00 GMT
MUMBAI India's Samvardhana Motherson Finance Ltd. was Friday forced to shelve its initial public offering to raise 16.65 billion rupees ($312 million), as the company met with feeble investor response. Investor enthusiasm for primary share issues has ...

Samvardhana Motherson Finance IPO to Open May 2
Sun, 22 Apr 2012 22:40:00 GMT
Mumbai Samvardhana Motherson Finance Ltd.’s initial public offering will open for subscriptions on May 2 and close on May 4, according to a Bombay Stock Exchange regulatory filing Monday. The company filed a draft red herring prospectus with the ...