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Track all the latest updates and news of Samvardhana IPO.
April 17, 2023 3:30:00 AM
Samvardhana Motherson International Ltd - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation Samvardhana Motherson International Limited has informed the Exchange regarding ...
Published by : money.rediffApril 11, 2024 12:28:00 PM
Stay Updated with Latest Share Market News, Share Market Live Updates, Sensex Today, Nifty Live, IPO News, BSE/NSE News, Mutual Funds and Commodity Market News Updates on Business Standard.
Published by : Business StandardApril 23, 2024 11:40:00 AM
Motherson Sumi Wiring India Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 16/05/2024 inter alia to consider and approve Intimation of Board Meeting for ...
Published by : Business StandardSamvardhana Motherson Finance Ltd (SMFL) has withdrawn its Rs 1665.00 Crore IPO due to poor response from investor across the board.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.
SMFL is entering in the capital markets with an initial public offering, IPO of Rs 1413 Crore. The price band for the issue has been fixed at Rs 113/- at lower level and Rs 118/- at upper level.
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 issue opens on May 02, 2012 and closes for subscription on May 04, 2012. The equity shares of the issue are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
The Samvardhana IPO is proposed to open on May 2, 2012. The IPO application ends on May 4, 2012.
Retail investors can apply in the retail or non-institutional investor category from May 2, 2012 to May 4, 2012. The Samvardhana IPO can be applied online through Net Bank (ASBA method) or the stock broker (UPI method).
The Samvardhana IPO will open for subscription on May 2, 2012. The public issue will close on May 4, 2012.
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