Samvardhana Motherson Finance Ltd IPO Current News

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UPDATE 1-Indias Samvardhana withdraws $311 mln IPO
Fri, 04 May 2012 07:00:00 GMT
MUMBAI, May 4 (Reuters) - India's Samvardhana Motherson Finance Ltd scrapped its initial public offering of shares to raise about $311 million due to poor response amid souring foreign investor sentiment over uncertainty about a proposal to tax portfolio ...

Samvardhana Motherson To Raise R1665Cr Through An IPO
Wed, 25 Apr 2012 04:23:00 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 IPO: Complex holdings, tax havens raise serious doubts
Wed, 02 May 2012 09:49:00 GMT
Delhi-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 Finance withdraws IPO due to poor response
Fri, 04 May 2012 07:08:00 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Samvardhana Motherson Finance has withdrawn its initial public offering (IPO) of shares to raise about Rs1,665 crore due to poor demand.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 ...

Avoid Samvardhana Motherson Finance IPO: Angel Broking
Wed, 02 May 2012 05:13:00 GMT
MUMBAI: Angel Broking recommended investors 'avoid' the initial public offering of Samvardhana Motherson Finance (SMFL). The valuations do not provide a sufficient margin of safety to investors, a report from the brokerage said. "Based on our SOTP ...

Largest Indian IPO In 18 Months Fails To Sail Through
Fri, 04 May 2012 09:46:00 GMT
The initial public offering (IPO) of Samvardhana Motherson Finance Ltd, the holding company of the automotive component manufacturing group Samvardhana Motherson, has failed to sail through and has been subscribed just 23 per cent or less than a quarter ...

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. SMFL currently has close to Rs 4,000 crore of debt, but Sehgal ...

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 ...

Thu, 29 Oct 2015 17:00:00 GMT
Valuations do not provide a sufficient margin of safety to investors, the brokerage said. It arrived at a value of Rs 97/share against the IPO price band of Rs 113-118. "Motherson Sumi is a 'BUY' call with a target of Rs 266 and a stop loss of Rs 245.

Motherson Sumi hits IPO speed bump
Sun, 06 May 2012 09:10:00 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 ...

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