Incorporated in 2007, Sintercom India Limited is Pune-based Company engaged in the business of manufacturing sintered metal automotive components of engines, transmissions systems, body chassis and exhaust applications using sintering manufacturing processes. The products manufactured by the company are used in the commercial and passenger vehicles.
The main product line of the Company is manufacturing of high strength structural sintered components of Engine and Transmissions.
Company mainly caters to the domestic Original Equipment manufacturers (OEM) buyers like Maruti Suzuki Limited, Mahindra & Mahindra Limited, Bajaj Auto Limited and Fiat India Automobiles Private Limited in automotive segment. Company has an in-house dedicated Research & Development team. Company has been developing new products in engines, transmission systems and body chasis for OEMs and Tier-1 customers.
Mr. Jignesh Raval, aged 47 years, is the individual promoter of the company.
BRN Industries Limited and Miba Sinter Holding are the corporate promoters of the company.
The Offer comprises of Fresh Issue by our Company and an Offer for Sale by the Selling Shareholders.
The Offer for sale
Each of the Selling Shareholders will be entitled to their respective portion of the proceeds from the Offer for Sale. Company will not receive any proceeds from the Offer for Sale.
The Fresh Issue
The objects to the Net Proceeds of the Fresh Issue are:
1. To finance expansion of production capacity at existing unit
2. Part repayment of secured and unsecured loan availed by the Company.
3. Funding the working capital requirements of the Company
4. General corporate purposes.
»» Issue Open: Feb 5, 2018 - Feb 7, 2018
»» Issue Type: Book Built Issue IPO
»» Issue Size: 6,546,000 Equity Shares of Rs 10 aggregating up to Rs 42.55 Cr
› Fresh Issue of 3,016,000 Equity Shares of Rs 10 aggregating up to Rs [.] Cr
› Offer for Sale of 3,530,000 Equity Shares of Rs 10 aggregating up to Rs [.] Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs 63 - Rs 65 Per Equity Share
»» Market Lot: 2000 Shares
»» Minimum Order Quantity: 2000 Shares
»» Listing At: NSE SME
02 Feb 2018 - Sintercom India Ltd. Allots 18,40,000 equity shares at Rs. 65 per share aggregating to Rs. 11.96 crore (approximately) to 3 Anchor Investors.
The anchor investors include leading investors namely:
Sintercom India IPO Subscription Status tells if Sintercom India IPO subscribed or not. Investors can bid for IPO shares between 10 AM to 5 PM when public issue is open. Sintercom India IPO oversubscribed if bids are received for more shares than what is offered by the company.
|Number of Bids Received|
|As on Date & Time||QIB||NII||RII||Employee||Others||Total|
|Shares Offered / Reserved||3,076,000||928,000||2,164,000||50,000||334,000||6,546,000|
|Day 1 - Feb 5, 2018 17:00 IST||0||334,000||1,038,000||-||-||1,374,000|
|Day 2 - Feb 6, 2018 17:00 IST||0||346,000||4,852,000||22,000||-||5,220,000|
|Day 3 - Feb 7, 2018 17:00 IST||17,858,000||188,298,000||35,390,000||196,000||-||241,742,000|
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