Samvardhana Motherson Finance Ltd IPO Current News

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Samvardhana Motherson Finance IPO subscribed 3 pc on first day
Wed, 02 May 2012 13:53:00 GMT
MUMBAI: The initial public offer (IPO) of auto parts maker Samvardhana Motherson Finance Ltd (SMFL) got subscribed three per cent on the first day today. The IPO, which closes on May 4, attracted bids for over 38.71 lakh shares against 12.76 crore shares ...

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 ...

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 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 IPO subscribed 3% on Day 1
Wed, 02 May 2012 14:15:00 GMT
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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.

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 ...

Second IPO shelved in 2013 on poor show
Sun, 05 May 2013 05:14:00 GMT
Last year, three firms -- packaging materials maker Plastene India, healthcare firm Goodwill Hospital and auto parts manufacturer Samvardhana Motherson Finance, shelved their IPOs, worth a total of Rs 1,805 crore. Since 2010, as many as eight companies ...

SMFL defers Rs 1,665-crore IPO on poor market conditions
Fri, 04 May 2012 13:38:00 GMT
"In light of the weak equity market conditions and volatile currency movements, the company on the advice of the book running lead managers has decided to defer its proposed Initial Public Offering (IPO)," Samvardhana said in a statement. The IPO opened ...

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