SM Auto Stamping Ltd IPO (SM Auto IPO) Detail

Mar 3, 2020 - Mar 5, 2020

Incorporated in 2006, Nashik-based SM Auto Stamping Ltd (SMASL) is a manufacturer of precision sheet metal stamping and deep drawn components such as welded assemblies & press tools. The company focuses on customer needs and provide a direct solution in the automobile & engineering sector.

It has a specialization in dealing with complex sheet metal pressed design, components, welding fixtures, high-quality stamping dies, welded assemblies for vehicles, high tonnage stamped components, and welding fixtures. The SMASL supplies products to TS 16949 certified clients.

It has three manufacturing units located at Nashik (Maharashtra), Mumbai and Pune which are producing 6 million components per year. Currently, it has 350 direct and indirect employees.

Some of the components of the company are automotive clutches, automotive propeller shaft drive, automotive brake system, and automative body trims.

Competitive Strengths
1. High-quality production standards
2. Wide range of Sheet Metal components
3. Long term working relationship with customers

Company Financials

Summary of financial Information (Restated)
Particulars For the year/period ended (Rs in Lakhs)
30-Sept-19 (for 6 months) 31-Mar-19 31-Mar-18 31-Mar-17
Total Assets 4,725.75 5,332.17 5,289.03 5,252.40
Total Revenue 3,221.67 7,630.09 6,589.74 5,336.30
Profit After Tax 4,70 265.40 84.00 (173.11)

Objects of the Issue

The company intends to utilize the proceeds of the Issue to meet the following objects:

1. To meet Working Capital requirements

2. General Corporate Purpose

3. To meet issue expenses

SM Auto IPO Details

IPO Date Mar 3, 2020 to Mar 5, 2020
Listing Date Monday, March 16, 2020
Face Value ₹10 per share
Price ₹18 per share
Lot Size 8000 Shares
Issue Size3,840,000 shares of ₹10
(aggregating up to ₹6.91 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
P/E (x)300
Market Cap (₹ Cr.)25.72
Company Promoters

Mr. Mukund Narayan Kulkarni, Mr. Suresh Gunwant Fegde and Mrs. Alka Mukund Kulkarni are the promoters of the company.

SM Auto IPO Tentative Timetable

SM Auto IPO opens on Mar 3, 2020, and closes on Mar 5, 2020. The SM Auto IPO bid date is from Mar 3, 2020 10.00 A.M. to Mar 5, 2020 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Tentative Date
Opening Date Mar 3, 2020
Closing Date Mar 5, 2020
Basis of Allotment Mar 11, 2020
Initiation of Refunds Mar 12, 2020
Credit of Shares to Demat Mar 13, 2020
Listing Date Mar 16, 2020

SM Auto IPO Lot Size

The SM Auto IPO lot size is 8000 shares. A retail-individual investor can apply for up to 1 lots (8000 shares or ₹144,000).

Application Lots Shares Amount
Retail (Min) 1 8000 ₹144,000
Retail (Max) 1 8000 ₹144,000

SM Auto IPO Promoter Holding

Pre Issue Share Holding 99.99%
Post Issue Share Holding 73.11%

SM Auto IPO Review

SASL has posted erratic financial performance. Coffers are empty as they have issued bonus issue. New investors will have a long wait for rewards. The issue is priced exorbitantly. There is no harm in giving this issue a miss. Read detail review...

SM Auto IPO Subscription Status (Bidding Detail)

The SM Auto IPO is subscribed 1.34 times on Mar 5, 2020 6:30:22 PM. The public issue subscribed 0.47 times in the retail category, times in the QIB category, and 2.21 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

SM Auto IPO Prospectus

SM Auto IPO Rating

Rating:Rated 3.4 stars
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SM Auto IPO Listing Date

Listing Date Monday, March 16, 2020
BSE Script Code 543065
NSE Symbol
Listing In MT Group of Securities
IPO Price ₹18 per share
Face Value ₹10 per share

Listing Day Trading Information

IPO Price
Last Trade

Company Contact Information

SM Auto Stamping Ltd
J-41, MIDC,
Ambad Nashik-422010,
Maharashtra, India
Phone: +91-253-6621106/07
Email: acc@smautostamping.com
Website: http://www.smautostamping.com/

SM Auto IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

SM Auto IPO Review

SM Auto IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 0 0

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SM Auto IPO is a SME IPO of 3,840,000 equity shares of the face value of ₹10 aggregating up to ₹6.91 Crores. The issue is priced at ₹18 per share. The minimum order quantity is 8000 Shares.

The IPO opens on Mar 3, 2020, and closes on Mar 5, 2020.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

The SM Auto IPO opens on Mar 3, 2020 and closes on Mar 5, 2020.

SM Auto IPO lot size is 8000 Shares and the minimum order quantity is .

You can apply in SM Auto 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 SM Auto IPO will be done on Mar 11, 2020, and the allotted shares will be credited to your demat account by Mar 13, 2020. Check the SM Auto IPO allotment status.

The SM Auto IPO listing date is on Monday, March 16, 2020.
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SM Auto IPO Message Board

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5. VinShah |   Link |Mar 12, 2020 5:54:05 PM
Friends, when will listing of SM happen??
5.1. Small Investor |   Link |Mar 13, 2020 4:39:16 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
5.2. VinShah |   Link |Mar 18, 2020 3:28:34 PM
Yesterday sold 1 lot @18( At least bad Mkt me b IPO price pe sell)..????
4. Small Investor |   Link |Mar 16, 2020 12:02:43 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
sold signal lot @ 18 and Bought 200 Shares of SBICARD Avg. price 695
hold yet
3. Small Investor |   Link |Feb 28, 2020 5:40:32 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
PE Is Very High But Will Give 3000-4000 Profit
3.1. Niikk |   Link |Mar 4, 2020 1:24:39 PM
small...what is your advice for sm
3.2. Small Investor |   Link |Mar 4, 2020 4:30:42 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
If You Have Fund then you Will Apply in SM for Few Listing Gains
2. MR. KUMAR |   Link |Mar 3, 2020 1:19:46 PM
A big avoid. It is future Switch industries
1. K joshi |   Link |Mar 1, 2020 6:45:12 PM
Considering the nature of business turnover is always high with pressure in pat margin, March 19 profit high as near ipo.
It not safe investment in time when all metal stocks not doing well