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SM Auto Stamping Ltd IPO (SM Auto IPO) Detail

March 3, 2020 - March 5, 2020

SM Auto IPO is a fixed price issue of Rs 6.91 crores.

SM Auto IPO bidding started from March 3, 2020 and ended on March 5, 2020. The allotment for SM Auto IPO was finalized on Wednesday, March 11, 2020. The shares got listed on BSE SME on March 16, 2020.

SM Auto IPO price is ₹18 per share. The minimum lot size for an application is 8000 Shares. The minimum amount of investment required by retail investors is ₹144,000.

Hem Securities Limited is the book running lead manager of the SM Auto IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to SM Auto IPO RHP for detailed information.

SM Auto IPO Details

IPO Date March 3, 2020 to March 5, 2020
Listing Date March 16, 2020
Face Value ₹10 per share
Price ₹18 per share
Lot Size 8000 Shares
Total Issue Size3,840,000 shares
(aggregating up to ₹6.91 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Market Maker portion3,600,000 shares

SM Auto IPO Reservation

SM Auto IPO offers 7,240,000 shares. 1,820,000 (25.14%) to NII, 1,820,000 (25.14%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered3,600,000 (49.72%)
Other Shares Offered1,820,000 (25.14%)
Retail Shares Offered1,820,000 (25.14%)
Total Shares Offered7,240,000 (100%)

SM Auto IPO Timeline (Tentative Schedule)

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

IPO Open Date Tuesday, March 3, 2020
IPO Close Date Thursday, March 5, 2020
Basis of Allotment Wednesday, March 11, 2020
Initiation of Refunds Thursday, March 12, 2020
Credit of Shares to Demat Friday, March 13, 2020
Listing Date Monday, March 16, 2020
Cut-off time for UPI mandate confirmation 5 PM on March 5, 2020

SM Auto IPO Lot Size

Investors can bid for a minimum of 8000 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 8000 ₹144,000
Retail (Max) 1 8000 ₹144,000
Lot Size Calculator

SM Auto IPO Promoter Holding

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

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

About SM Auto Stamping Ltd

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)

Key Performance Indicator

SM Auto IPO Market Cap is Rs 25.72 Cr and P/E (x) is 300.

KPI Values
P/E (x)300
Market Cap (₹ Cr.)25.72

Objects of the Issue (SM Auto IPO Objectives)

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 Review (Avoid)

[Dilip Davda]  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 March 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 Details

Listing Date March 16, 2020
BSE Script Code 543065
NSE Symbol
Final Issue Price ₹18 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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SM Auto Stamping Ltd Contact Details

SM Auto Stamping Ltd
J-41, MIDC,
Ambad Nashik-422010,
Maharashtra, India
Phone: +91-253-6621106/07

SM Auto IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

SM Auto IPO - Buy or Not

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 March 3, 2020, and closes on March 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 March 3, 2020 and closes on March 5, 2020.

SM Auto IPO lot size is 8000 Shares, and the minimum amount required is ₹144,000.

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 Wednesday, March 11, 2020, and the allotted shares will be credited to your demat account by Friday, March 13, 2020. Check the SM Auto IPO allotment status.

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

Ranked Members of Forum  Ranked Members | Most Liked Members



5. VinShah |   Link |March 12, 2020 5:54:05 PM
Friends, when will listing of SM happen??
5.1. Small Investor |   Link |March 13, 2020 4:39:16 PM
IPO Guru IPO Guru (1800+ Posts, 900+ Likes)
5.2. VinShah |   Link |March 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 |March 16, 2020 12:02:43 PM
IPO Guru IPO Guru (1800+ Posts, 900+ Likes)
sold signal lot @ 18 and Bought 200 Shares of SBICARD Avg. price 695
hold yet
3. Small Investor |   Link |February 28, 2020 5:40:32 PM
IPO Guru IPO Guru (1800+ Posts, 900+ Likes)
PE Is Very High But Will Give 3000-4000 Profit
3.1. Niikk |   Link |March 4, 2020 1:24:39 PM
small...what is your advice for sm
3.2. Small Investor |   Link |March 4, 2020 4:30:42 PM
IPO Guru IPO Guru (1800+ Posts, 900+ Likes)
If You Have Fund then you Will Apply in SM for Few Listing Gains
2. MR. KUMAR |   Link |March 3, 2020 1:19:46 PM
A big avoid. It is future Switch industries
1. K joshi |   Link |March 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