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Samvardhana Motherson Finance Ltd IPO Current News

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Samvardhana Motherson Finance withdraws IPO due to poor response
Fri, 04 May 2012 06:42:10 GMT
Samvardhana Motherson Finance has withdrawn its initial public offering (IPO) of shares to raise about Rs1,665 crore due to poor demand. The company, which provides design and manufacturing solutions to automakers, had appointed Standard Chartered and ...

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 to be debt free company post IPO
Wed, 02 May 2012 07:07:00 GMT
Ex-chairman and executive director of Samvardhana Motherson Finance (SMFL) Vivek Chaand Sehgal tells CNBC-TV18 that they will become a debt free company once the proceeds of the IPO flow in.

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 ...

Avoid’ Samvardhana Motherson Finance IPO: Aditya Birla Money
Fri, 04 May 2012 06:25:00 GMT
MUMBAI: Aditya Birla Money has recommended investors to 'Avoid' the initial public offering of Samvardhana Motherson Finance as the company is currently loss-making and is saddled with a high debt of Rs 39.2 billion (debt-equity ratio of 2.7x) due to large ...

Samvardhana Motherson Finance Shelves IPO
Fri, 04 May 2012 03:24:00 GMT
MUMBAI India's Samvardhana Motherson Finance Ltd. was Friday forced to shelve its initial public offering to raise 16.65 billion rupees ($312 million), as the company met with feeble investor response. Investor enthusiasm for primary share issues has ...

Samvardhana Motherson Fins Rs 1,665-cr IPO opens on May 2
Thu, 26 Apr 2012 17:00:00 GMT
Auto component major, Samvardhana Motherson Finance Ltd (SMFL), plans to raise Rs 1,665 crore through an initial public offering (IPO). The IPO opens for subscription on May 2 and closes on May 4, and includes a fresh issue of Rs 1,344 crore and a sale ...

Rs 1,665 crore to be raised by Samvardhana Motherson Finance through IPO
Thu, 26 Apr 2012 12:12:00 GMT
The renowned automobile component supplier, Samvardhana Motherson Finance (SMFL) is raising Rs. 1,665 crore through public issue. This includes an offer of sale of Rs. 321 crore by Radha Rani Holdings Pte limited and a fresh issue of Rs. 1,344 crore.

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 ...

Motherson Sumi Systems tumbles after parent withdraws IPO
Fri, 30 Mar 2012 17:00:00 GMT
Face 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.

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