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Samvardhana IPO is a book built issue of Rs 1,665.00 crores.
Samvardhana IPO bidding started from May 2, 2012 and ended on May 4, 2012.
Samvardhana IPO price band is set at ₹113 to ₹118 per share. The minimum lot size for an application is 50 Shares. The minimum amount of investment required by retail investors is ₹5,900.
J.P. Morgan India Private Limited and Standard Chartered Securities (India) Limited are the book running lead managers of the Samvardhana IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Samvardhana IPO RHP for detailed information.
IPO Date | May 2, 2012 to May 4, 2012 |
Listing Date | [.] |
Face Value | ₹10 per share |
Price Band | ₹113 to ₹118 per share |
Lot Size | 50 Shares |
Total Issue Size | [.] shares (aggregating up to ₹1,665.00 Cr) |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
Share holding pre issue | 473,613,855 |
Samvardhana IPO offers 127,696,518 shares. 50,340,323 (39.42%) to QIB, 20,996,681 (16.44%) to NII, 48,992,257 (38.37%) to RII, 7,367,257 (5.77%) to employees. 979,845 RIIs will receive minimum 50 shares and (sNII) and (bNII) will receive minimum 1,700 shares. (in case of oversubscription)
Investor Category | Shares Offered | Maximum Allottees |
---|---|---|
Anchor Investor Shares Offered | - | NA |
QIB Shares Offered | 50,340,323 (39.42%) | NA |
NII (HNI) Shares Offered | 20,996,681 (16.44%) | |
Retail Shares Offered | 48,992,257 (38.37%) | 979,845 |
Employee Shares Offered | 7,367,257 (5.77%) | NA |
Total Shares Offered | 127,696,518 (100%) |
Investors can bid for a minimum of 50 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 50 | ₹5,900 |
Retail (Max) | 33 | 1650 | ₹194,700 |
Lot Size Calculator |
Share Holding Pre Issue | 90.35% |
Share Holding Post Issue |
Incorporated in 2004, Samvardhana Motherson Finance Limited (SMFL) is a multinational business with manufacturing and design capabilities providing full system solutions to diverse industries. SMFL provides an end-to-end range of design and manufacturing solutions to the automotive customers, including product concept and product design, engineering, manufacturing, sub-assembly and the production of integrated modules.
The business portfolio includes wiring harnesses, rearview mirrors, molded plastic parts, injection molding tools, assemblies and modules, elastomer products, cutting tools and thin film coating metals, IT services, design engineering, cabins for off-highway vehicles, HVAC/ air conditioning systems for automobiles, lighting systems, air intake manifolds, air compressors, paint coating equipment, auxiliary equipment for injection molding machines and automotive manufacturing engineering services.
The major customers of the company include the five largest automotive OEM manufacturers in the world, as well as the largest automotive OEM manufacturer in India. SMFL has 90 manufacturing facilities with a presence in 23 countries across the world, including 23 locations outside India and the company is in the process of establishing new manufacturing facilities in India, Brazil and Thailand.
Particulars | For the year/period ended (in Rs. Million) | ||
31-Mar-11 | 31-Mar-10 | 31-Mar-09 | |
Total Income | 405.9 | 233.0 | 122.8 |
Profit After Tax (PAT) | 131.1 | 64.1 | 99.0 |
KPI | Values |
---|---|
RoNW | 9.3% |
The object of the issue are to:
1. Funding pre-payment and repayment of debt facilities availed by company and its subsidiaries;
2. Funding strategic investments;
3. Funding investments in rear-view vision systems business;
4. General corporate purposes.
[Dilip Davda]
Although this offer is from a well known Motherson Sumi group that has remarkable performance for its listed venture Motherson Sumi Systems Ltd., this offer is being made at a greedy price.
Remark: High Risk-Low Yield.
Read detail review...The Samvardhana IPO is subscribed 0.23 times on May 4, 2012 5:00:00 PM. The public issue subscribed 0.01 times in the retail category, 0.57 times in the QIB category, and 0.01 times in the NII category. Check Day by Day Subscription Details (Live Status)
Category | Subscription (times) |
---|---|
QIB | 0.57 |
NII | 0.01 |
Retail | 0.01 |
Employee | 0.01 |
Total | 0.23 |
ICRA has assigned an IPO Grade 4 to Samvardhana Motherson Finance Ltd IPO. This means as per ICRA, company has 'Above Average Fundamentals'. ICRA assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Read Samvardhana Motherson Finance Ltd IPO Grading Report.
Samvardhana Motherson Finance Ltd (SMFL) has withdrawn its Rs 1665.00 Crore IPO due to poor response from investor across the board.
SMFL public issue subscribed 0.23 times on its final day of subscription. QIB quota of the IPO subscribed most with bids received for 57% shares. The response in Non Institutional, Retail Individual and Employee Reservation quota was worst in recent years. All of these categories received bids only for 1% of the quota allocated.
As per experts, wrong timing of the IPO and stiff pricing of the shares as two major reasons for the failure of Samvardhana IPO.
Samvardhana Motherson Finance Ltd
2nd Floor, F-7, Block B-1,
Mohan Cooperative,
Industrial Estate Mathura Road, Delhi
Phone: 91 11 4055 5940
Email: compliance@smfl.in
Website: http://www.smfl.in
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: sml.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Samvardhana IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹1,665.00 Crores. The issue is priced at ₹113 to ₹118 per share. The minimum order quantity is 50 Shares.
The IPO opens on May 2, 2012, and closes on May 4, 2012.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Samvardhana IPO opens on May 2, 2012 and closes on May 4, 2012.
Samvardhana IPO lot size is 50 Shares, and the minimum amount required is ₹5,900.
You can apply in Samvardhana IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Samvardhana IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Samvardhana IPO allotment status.
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