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Samvardhana Motherson to be debt free company post IPO
Wed, 02 May 2012 07:07:00 GMTEx-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.
Samvardhana Motherson To Raise R1665Cr Through An IPO
Wed, 25 Apr 2012 03:53:37 GMTSamvardhana 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 IPO subscribed 14%; analysts recommend avoid
Fri, 04 May 2012 06:18:00 GMTMUMBAI: Samvardhana Motherson Finance Ltd's (SMFL) initial public offering (IPO) was subscribed 14 percent on the third day of the issue today. Analysts are of the view that the valuations of the IPO do not reflect the company's true value. SMFL's two big ...
Samvardhana Motherson Finance withdraws IPO due to poor response
Fri, 04 May 2012 12:38:00 GMTSanjay Sinha, founder, Citrus Advisors, told NDTV Profit that concerns over the rupee and confusion over the implementation of the General Anti Avoidance Rules, or GAAR, are taking a heavy toll on the market sentiment. He is, however, hopeful that the Nif ...
Largest Indian IPO In 18 Months Fails To Sail Through
Fri, 04 May 2012 15:16:00 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 ...
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 Shelves IPO
Fri, 04 May 2012 03:24:00 GMTMUMBAI – 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 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 ...
Samvardhana Motherson Finance IPO to Open May 2
Sun, 22 Apr 2012 22:40:00 GMTMumbai – 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 ...
IPOs Flee, But Dont (Entirely) Blame Facebook
Mon, 04 Jun 2012 22:38:00 GMTand 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 ...
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