Samvardhana Motherson Finance Ltd IPO Current News

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Avoid Samvardhana Motherson IPO, says AB Money
Mon, 30 Apr 2012 12:13:00 GMT
Aditya Birla Money has come out with its report on Samvardhana Motherson Finance Ltd (SMFL) IPO issue. The research firm has recommended to avoid the issue, in its April 30th 2012 report. SMFL, is the holding of Samvardhana Motherson Group (SMG ...

Samvardhana Motherson To Raise R1665Cr Through An IPO
Wed, 25 Apr 2012 03:53:37 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 Motherson IPO subscribed 14%; analysts recommend avoid
Fri, 04 May 2012 06:18:00 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 Finance withdraws IPO due to poor response
Fri, 04 May 2012 12:38:00 GMT
Sanjay Sinha, founder, Citrus Advisors, told NDTV Profit that concerns over the rupee and confusion over the implementation of the General Anti Avoidance Rules, or GAAR, are taking a heavy toll on the market sentiment. He is, however, hopeful that the Nif ...

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 ...

Motherson Sumi hits IPO speed bump
Sun, 06 May 2012 08:41:49 GMT
SMFL holds 36.12 per cent stake in Motherson Sumi Systems. SMFL had planned to raise Rs 1,665 crore. The Samvardhana IPO could mop up only about 23 per cent of the total book size. SMFL is a core investment company that produces components such as rear ...

Samvardhana Motherson IPO deferrred
Fri, 04 May 2012 14:04:00 GMT
Weak market conditions has forced auto parts maker Samvardhana Motherson Finance Ltd (SMFL) to defer its Rs 1,665 crore initial share sale, that remained under-subscribed on the last day today. "In light of the weak equity market conditions and volatile ...

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 ...

IPOs Flee, But Dont (Entirely) Blame Facebook
Mon, 04 Jun 2012 22:38:00 GMT
and Indian manufacturing conglomerate Samvardhana Motherson Finance (SMF.RC). While the EMEA and Latin American markets have been virtually non-existent, the story of the year continues to be the struggles of the Asia Pacific IPO market. With just $4.4 ...

Motherson to raise Rs 1000cr through IPO
Sun, 04 Apr 2010 17:58:00 GMT
NEW DELHI: Samvardhana Motherson Reflectec (SMR), one of the world's biggest automobile rearview mirror maker, has said it will raise up to Rs 1000 crore from the Indian or Singapore market through an IPO to fund expansion plans as the company increases ...

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