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Avoid Samvardhana Motherson IPO, says AB Money
Mon, 30 Apr 2012 12:13:00 GMTAditya 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 ...
Largest Indian IPO In 18 Months Fails To Sail Through
Fri, 04 May 2012 09:46:00 GMTThe $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 ...
Samvardhana IPO: Complex holdings, tax havens raise serious doubts
Wed, 02 May 2012 09:49:00 GMTDelhi-registered Samvardhana Motherson Finance Ltd's (SMFL) initial public offer (IPO) of Rs 1,665 cr with the price band of Rs 113 to Rs 118 for Rs 10 paid-up share, comprises a fresh issue of Rs 1,344 crore form the company and an `Offer for Sale' of Rs ...
Samvardhana Motherson IPO deferrred
Fri, 04 May 2012 14:04:00 GMTWeak 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 ...
Motherson Sumi hits IPO speed bump
Sun, 06 May 2012 08:41:49 GMTSMFL 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 Finance IPO Dates, SMFL IPO Price Band, Registrar, IMP Links
Tue, 01 May 2012 17:00:00 GMT- IPO Price Band: Rs. 113 - Rs. 118 Per Equity Share - Minimum Quantity: 50 Shares (Rs. 5900 with 1 Lot) - Maximum Quantity (1 Lakh Application): 800 Shares (Rs. 94400 with 16 Lot) - Maximum Quantity (2 Lakh Application): 1650 Shares (Rs. 194700 with 33 ...
Year’s largest IPO looks risk heavy
Wed, 02 May 2012 21:17:45 GMTSamvardhana Motherson Finance Ltd (SMFL), the investment company which runs a number of subsidiaries and joint ventures (JVs) providing design and manufacturing solutions mainly to the automotive industry, has announced an initial public offer (IPO ...
Indian auto components maker withdraws IPO
Mon, 07 May 2012 17:00:00 GMTIndian auto components manufacturer Samvardhana Motherson Finance SMFL late Friday called off its initial public offering after poor sentiment towards India made investors stay away from the deal. Excluding the anchor tranche, the deal was only 0.23 times ...
Motherson Sumi Systems tumbles after parent withdraws IPO
Fri, 30 Mar 2012 17:00:00 GMTFace value per share is Re 1. Samvardhana Motherson Finance (SMFL) withdrew its initial public offer (IPO) on Friday, 4 May 2012, due to poor investor response. The company's IPO, which opened on 2 May 2012, was subscribed 23% on the closing day on Friday.
Better be careful than sorry
Sun, 03 Jun 2012 17:00:00 GMTIn this period about six IPO s were withdrawn this included Samvardhana Motherson Finance a group company of Motherson Sumi,a listed player with good presence in the auto ancillary space. It was shocking that the company could not garner sizeable subscription.
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