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.
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 Open: May 2, 2012 - May 4, 2012
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:
Samvardhana Motherson Finance Ltd (SMFL) IPO Withdrawn
Samvardhana Motherson Finance Ltd (SMFL) has withdrawn its Rs 1665.00 Crore IPO due to poor response from investor across the board.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
Samvardhana IPO Rating
Company Contact Information
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Samvardhana IPO Messages (Samvardhana IPO Comments)
Indian rating agencies miss guide retailes only foren agencies 100% correct. Look 5/5 rating MOIL ,L&T FIN,MCX, trading in huge discount.
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 7, 2012 10:49:38 AM IST | IPO MR's messages
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.
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.
43.1. gundu anna May 5, 2012 2:13:03 PM IST | gundu anna's messages
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.
43.2. STAR IPO KING May 5, 2012 8:34:53 PM IST | STAR IPO KING's messages
i think merchent banker sets the issue price and sebi officiel passes it .
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.
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.
Plastene India Ltd 9th May-15th May
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.
39.1. Santosh. May 4, 2012 9:39:11 PM IST | Santosh.'s messages
if price 30 then issue size reduced 400 cr
Ek company aur bhag gai ,ab 4,5 rating daynay wali indian rating agencies ki what lagnay wali hi.
this IPO has raised serious concerns over ICRA , how can they give grade 4 to a lossmaking company....
Confirmed news... IPO has been withdrawn.
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.
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 :(
SUPER FLOP ISSUE
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.
30.1. WILSON GRACE May 4, 2012 1:51:11 PM IST | WILSON GRACE's messages
Yes I agree with you completely.
30.2. SOMPRASH May 4, 2012 7:17:18 PM IST | SOMPRASH's messages
Talking about such types of IPOs is not a wastage of time.
30.3. Ryan May 4, 2012 10:57:46 PM IST | Ryan's messages
You didn't get my point. Even dicussion abt these ipos shd be avoided.
TAKE AN MISS NOT WORTH APPLING LOSS MAKING AND GRADE 4 IT IS REALLY GRADE LESS TO APPLY
I have decided Not to apply for samvardhana IPO for the reasons mentioned in my previous post.
Real Price band should not be more than 55 to 60. Avoid it.