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  • Samvardhana Motherson Finance Ltd IPO (Samvardhana IPO) Detail

    May 02, 2012 - May 04, 2012        
      
       

    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.

    Company Financials:

    ParticularsFor the year/period ended (in Rs. Million)
    31-Mar-1131-Mar-1031-Mar-09
    Total Income405.9233.0122.8
    Profit After Tax (PAT)131.164.199.0

    Objects of the Issue:

    The object of the issue are to:

    1. Funding pre-payment and repayment of debt facilities availed by company and its subsidiaries;
    2. Funding strategic investments;
    3. Funding investments in rear-view vision systems business;
    4. General corporate purposes.

    Issue Detail:

      »»  Issue Open: May 02, 2012 - May 04, 2012
      »»  Issue Type: 100% Book Built Issue IPO
      »»  Issue Size: Equity Shares of Rs. 10
      »»  Issue Size: Rs. 1,665.00 Crore
      »»  Face Value: Rs. 10 Per Equity Share
      »»  Issue Price: Rs. 113 - Rs. 118 Per Equity Share
      »»  Market Lot: 50 Shares
      »»  Minimum Order Quantity: 50 Shares
      »»  Listing At: BSE, NSE

    Samvardhana Motherson Finance IPO Grading

    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.

    Check IPO Ratings from other stock analysts.

    Samvardhana IPO Reviews:

    1. Dilip Davda says 'Avoid' to Samvardhana Motherson Finance Ltd IPO
    2. K.M. Global Financial Services Ltd says 'Avoid' to Samvardhana Motherson Finance Ltd IPO

    IPO Notices

    Samvardhana Motherson Finance Ltd (SMFL) IPO Withdrawn

    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.

    Issue Subscription Detail / Current Bidding Status

    Number of Times Issue is Subscribed (BSE + NSE)
    As on Date & TimeQualified Institutional Buyers (QIBs)Non Institutional Investors (NIIs)Retail Individual Investors (RIIs)Employee ReservationsTotal
    Shares Offered / Reserved 50,340,323  20,996,681  48,992,257  7,367,257  127,696,518 
     Day 1 - May 02, 2012 17:00 IST 0.0800 0.0000 0.0000 0.0000 0.0300 
     Day 2 - May 03, 2012 17:00 IST 0.2300 0.0000 0.0000 0.0000 0.0900 
     Day 3 - May 04, 2012 17:00 IST 0.5700 0.0100 0.0100 0.0100 0.2300 

    New Compare Stock Brokers in India

    Comparison Grid  |  ICICIDirect Vs HDFC Securities  |  Zerodha Vs Ventura  |  Sharekhan Vs Angel Broking

             

    Samvardhana IPO News Alerts

    1. Friday, May 04, 2012 11:39:11 AM
      Others - Samvardhana Motherson Finance Ltd
    2. Monday, April 23, 2012 11:48:04 AM
      Upcoming IPO - Samvardhana Motherson Finance Ltd

    Samvardhana IPO Rating

       Rating: 3.3
    154
    3.3
    Rating:Rated 3.3 stars

    Vote Here ...

       IPO Reviews  |  IPO Gradings

    Samvardhana IPO Prospectus

    Company Contact Information

    Registered Office :
        2nd Floor, F-7, Block B-1,
        Mohan Cooperative,
        Industrial Estate Mathura Road, Delhi
    Phone: 91 11 4055 5940
    Fax: 91 11 4055 5940
    Email: compliance@smfl.in
    Website: http://www.smfl.in

    Samvardhana IPO Registrar

    Link Intime India Private Ltd   »  Report
       Link Intime India Private Ltd,
       C-13 Pannalal Silk Mills Compound,
       LBS Marg, Bhandup West, Mumbai 400078

    Phone: +91-22-25963838
    Fax: +91-22-25946969
    Email: sml.ipo@linkintime.co.in
    Website: http://www.linkintime.co.in

    Samvardhana IPO Lead Manager(s)

    Samvardhana IPO Messages (Samvardhana IPO Comments)

      Post New Message ...  

    46. C.A  May 07, 2012 12:33:05 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    C.A's - IPO Comments,  Public Profile

    Indian rating agencies miss guide retailes only foren agencies 100% correct. Look 5/5 rating MOIL ,L&T FIN,MCX, trading in huge discount.

     

    45. s c agarwal  May 06, 2012 10:28:55 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    s c agarwal's - IPO Comments,  Public Profile

    sebi shoud check how icra given 4/5 rating to issue and if any thing found wrong then action should be taken against icra

     

    45.1. IPO MR  May 07, 2012 11:49:38 AM IST |  I Like It.  Like  |  Report Abuse
    IPO MR's - IPO Comments,  Public Profile

    I am surprised to read such naive comments. People should know that credit rating and SEBI has nothing to do with the pricing. SEBI only checks/questions the contents of the offer document. They dont confirm its contents. Most of the time SEBI is not aware of the pricing. Similarly, credit rating agency comments on the strength of the business, product and management among other things.

    Its really sad to read such naive comments from regular readers and investors in the IPO.

     

    44. C.A  May 06, 2012 2:16:15 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    C.A's - IPO Comments,  Public Profile

    Condition of govt. And govt. Companies are very veak past psu ipo/fpos are trading upto 70% discount. NBCC,NHPC,NTPC,ONGC,PFC,MOIL,SJVNL,PTC FIN,P&S BANK,SHIPING CO,ENGINEARS INDIA,think 100 times before investing in any PSU IPO/FPO.

     

    43. GOEL BERIWALA  May 05, 2012 3:02:00 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    GOEL BERIWALA's - IPO Comments,  Public Profile

    HAI EVERYBODY,

    PEOPLE HAVE DONE JUSTICE TO THIS ISSUE. RIGHTLY GIVE A LESSON TO OTHER
    COMPANIES THAT OUR IS A HARD EARNED MONEY. BUT SHAME TO THE SEBI
    OFFICIALS WHO HAD HELPED THE COMPANY IN FIXING SUCH A HIGH PRICE WHICH
    DO NOT MATCH ANYWAY THE FINANCIALS OF THE COMPANY.

    THANK YOU FOR AVOIDING THE ISSUE.

     

    43.1. gundu anna  May 05, 2012 3:13:03 PM IST |  I Like It.  Like  |  Report Abuse
    gundu anna's - IPO Comments,  Public Profile

    You have to understand that SEBI doesnot have any role to play in fixing the issue price. SEBI will only check company credential. Investors decide the what should be the price of the issue. If we think the the price is not right or overpriced, its simple one should not apply...as happened in case of motherson. We should not blame our failure on others.

    Imagine SEBI guarantees an IPO doesnot go below issue price, then every tom dick harrys of the world will sell their house put the money in stock market!!! which none of us want!!!!!!

     

    43.2. STAR IPO KING  May 05, 2012 9:34:53 PM IST |  I Like It.  Like  |  Report Abuse
    STAR IPO KING's - IPO Comments,  Public Profile

    i think merchent banker sets the issue price and sebi officiel passes it .

     

    42. u.kumar  May 05, 2012 11:25:06 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    u.kumar's - IPO Comments,  Public Profile

    Plastene India , a manufacturer of jumbo bags and BoPP woven sacks, is launching its initial public offer of 92,55,290 equity shares of face value of Rs 10 each on May 9, 2012, with a price band of Rs 81-84 a share. The issue comprises of employees' reservation of upto 55,290 equity shares.

    The company aims to raise around Rs 74.97-77.74 crore via public issue, by diluting 25.89% stake in the company. One can apply for minimum 75 equity shares and in multiples of 75 shares thereafter.

    Plastene intends to expand manufacturing facilities of jumbo bags and BoPP woven sacks at its existing units at Nani Chirai in the Kutch district of Gujarat and at Rajpur in the Mehsana district of Gujarat. The company also intends to venture into manufacturing of new product called as block bottom valve bags used for packaging of cement, pharma food grains etc.

    Equity shares are proposed to be listed on the BSE and National Stock Exchange. The issue will close on May 15, 2012.

    Motilal Oswal Investment Advisors Pvt Ltd is the book running lead manager to the issue.

     

    41. C.A  May 05, 2012 12:06:33 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    C.A's - IPO Comments,  Public Profile

    Look -PFC,NBCC,NHPC,NTPC,SJVNL,MOIL,NMDC,P&S BANK,SHIPING CO.,ENGINEARS INDIA,SJVNL,PTC FIN,ONGC all are navratan/maharatan 4,5 rating PSU but trading upto 50% discount about 90% 4,5 rating stocks are trading in huge discount it indicate any thing is wrong in indian rating agencies.

     

    40. Manoj jain  May 04, 2012 8:43:46 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    Manoj jain's - IPO Comments,  Public Profile

    Plastene India Ltd 9th May-15th May

     

    39. santonu  May 04, 2012 8:43:42 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    santonu's - IPO Comments,  Public Profile

    The issue size is very large , that is the main reason of under subscripton. It could have been subscribed 0.60 till end .See the QIB figures ,it is not so bad considering the size of the issue. If the issue size is around 150-200 crore , the issue could have beeen 3-4 times over subscribed.
    It is not a bad company and no complaint against te rating agency. I will blame the failure to issue size only which is extremely large

     

    39.1. Santosh.  May 04, 2012 10:39:11 PM IST |  I Like It.  Like  |  Report Abuse
    Santosh.'s - IPO Comments,  Public Profile

    if price 30 then issue size reduced 400 cr

     

    38. gundu anna  May 04, 2012 8:09:47 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    gundu anna's - IPO Comments,  Public Profile

    Dear All,

    Mothersons failure today is the gain for all retail investors. had u applied and this got subscribed, u would have lost heaviely. Good that each of us made money(saved money) today.

    Once again let me congradulate all. If we use our brains, we dont have to blame SEBI/operators. Most of the time V blame our failure on others.

    Best regards

     

    37. C.A  May 04, 2012 8:07:51 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    C.A's - IPO Comments,  Public Profile

    Ek company aur bhag gai ,ab 4,5 rating daynay wali indian rating agencies ki what lagnay wali hi.

     

    36. echaos  May 04, 2012 7:59:01 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    echaos's - IPO Comments,  Public Profile

    this IPO has raised serious concerns over ICRA , how can they give grade 4 to a lossmaking company....

     

    35. The IPO Analyst  May 04, 2012 7:06:41 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    The IPO Analyst's - IPO Comments,  Public Profile

    Confirmed news... IPO has been withdrawn.

     

    34. hbk  May 04, 2012 5:49:47 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    hbk's - IPO Comments,  Public Profile

    No interest from investors. 23.3% at 4.45pm. Dates will be extended or price band will be reduced. Even TBZ was subscribed higher number of times. Not going well for motherson group.

     

    33. Priya Jain  May 04, 2012 5:13:20 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    Priya Jain's - IPO Comments,  Public Profile

    Issue subscribed around 0.23 times 4 PM. Either date will be extend innext 1 hrs or it will be withdrawn.....its all as expected :(

     

    32. AJEET P SINGH  May 04, 2012 5:11:43 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    AJEET P SINGH's - IPO Comments,  Public Profile

    SUPER FLOP ISSUE
    QIB=0.4816
    NII=0.0072
    RII=0.0146
    EMP = 0.0022
    TOTAL = 0.1925

     

    31. Ranjana Pandey  May 04, 2012 4:41:50 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    Ranjana Pandey's - IPO Comments,  Public Profile

    The loss that is appearing includes Rs 67 crore which is a one time right off of the acquisition cost of Peguform and almost about Rs 70 crore of mark to market loss. Looking at the growth chart of motherson, one must aaply for shares. Gwoth is guaranteed.

     

    30. Ryan  May 03, 2012 11:26:12 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    Ryan's - IPO Comments,  Public Profile

    Hi All,
    In current scenario, its even wastage of time to talk about such ipos.
    There is only 100% risk in these issues. No chance of gains.

     

    30.1. WILSON GRACE  May 04, 2012 2:51:11 PM IST |  I Like It.  Like  |  Report Abuse
    WILSON GRACE's - IPO Comments,  Public Profile

    Yes I agree with you completely.

    guys this issue will come as a disaster for those who have applied for.

     

    30.2. SOMPRASH  May 04, 2012 8:17:18 PM IST |  I Like It.  Like  |  Report Abuse
    SOMPRASH's - IPO Comments,  Public Profile

    Talking about such types of IPOs is not a wastage of time.

    After good discussions , we are able to avoid these types of IPOs.

    From the very first day , I was highlighting the loss of 152.9 crore.

     

    30.3. Ryan  May 04, 2012 11:57:46 PM IST |  I Like It.  Like  |  Report Abuse
    Ryan's - IPO Comments,  Public Profile

    You didn't get my point. Even dicussion abt these ipos shd be avoided.
    Why to waste your precoius time in discussing useless ipos.

     

    29. GOOD BROKER  May 03, 2012 11:13:25 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    GOOD BROKER's - IPO Comments,  Public Profile

    TAKE AN MISS NOT WORTH APPLING LOSS MAKING AND GRADE 4 IT IS REALLY GRADE LESS TO APPLY

     

    28. gundu anna  May 03, 2012 10:26:52 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    gundu anna's - IPO Comments,  Public Profile

    I have decided Not to apply for samvardhana IPO for the reasons mentioned in my previous post.

    For those applying, I wish good luck!!!

     

    27. kandavelu s  May 03, 2012 6:27:45 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    kandavelu s's - IPO Comments,  Public Profile

    Real Price band should not be more than 55 to 60. Avoid it.

     

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