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 Promoters:

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

Company Financials:

Summary of financial Information (Restated)
Particulars For the year/period ended (₹ 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 DateMar 3, 2020 - Mar 5, 2020
Issue TypeFixed Price Issue IPO
Issue Size3,840,000 Eq Shares of ₹10
(aggregating up to ₹6.91 Cr)
Face Value₹10 Per Equity Share
IPO Price₹18 Per Equity Share
Market Lot8000 Shares
Min Order Quantity8000 Shares
Listing AtBSE SME
P/E (x)300
Market Cap (₹ Cr.)25.72

SM Auto IPO Tentative Date / Timetable

Bid/Offer Opens OnMar 3, 2020
Bid/Offer Closes OnMar 5, 2020
Finalisation of Basis of AllotmentMar 11, 2020
Initiation of RefundsMar 12, 2020
Credit of Shares to Demat AcctMar 13, 2020
IPO Shares Listing DateMar 16, 2020

SM Auto IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum18000₹144,000
Maximum18000₹144,000

SM Auto IPO Promoter Holding

Pre Issue Share Holding99.99%
Post Issue Share Holding73.11%

SM Auto IPO Subscription Status (Bidding Detail)

SM Auto IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

NII

RII

Total

Shares Offered

1,820,000

1,820,000

3,640,000

Mar 5, 2020 18:30

2.21x

0.47x

1.34x

SM Auto IPO Prospectus

SM Auto IPO Rating

67
3.4
Rating:Rated 3.4 stars

Vote Here ...

SM Auto IPO Listing Date

Listing DateMonday, March 16, 2020
BSE Script Code543065
NSE Symbol
Listing InMT
ISININE0C4I01011
IPO Price₹18 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE SME
₹18.00
₹18.00
₹18.00
₹18.00
₹18.00
264,000

SM Auto IPO Reviews / Ratings

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
   1st Floor, Bharat Tin Works Building,
   Opp. Vasant Oasis,Makwana Road,
   Marol, Andheri(E), Mumbai - 400 059

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

SM Auto IPO FAQs

  1. 1. What is SM Auto IPO?

    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 price of the IPO is ₹18 Per Equity Share. The minimum order quantity is 8000 Shares per application and the offer type is Fixed Price Issue.

    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.

  2. 2. When SM Auto IPO will open?

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

  3. 3. How to apply for SM Auto IPO?

    SM Auto IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When SM Auto IPO allotment?

    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.

  5. 5. When is SM Auto IPO listing date?

    The SM Auto IPO listing date is on Monday, March 16, 2020, at BSE SME.
  6. 6. What is the lot size of SM Auto IPO?

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

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SM Auto IPO Review / Comments

VinShah
5. VinShah  Mar 12, 2020 16:54
Friends, when will listing of SM happen??
Small Investor
5.1. Small Investor  Mar 13, 2020 15:39
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
16th
VinShah
5.2. VinShah  Mar 18, 2020 14:28
Yesterday sold 1 lot @18( At least bad Mkt me b IPO price pe sell)..👍
Small Investor
4. Small Investor  Mar 16, 2020 11:02
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
sold signal lot @ 18 and Bought 200 Shares of SBICARD Avg. price 695
hold yet
Small Investor
3. Small Investor  Feb 28, 2020 16:40
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
PE Is Very High But Will Give 3000-4000 Profit
Niikk
3.1. Niikk  Mar 4, 2020 12:24
small...what is your advice for sm
Small Investor
3.2. Small Investor  Mar 4, 2020 15:30
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
If You Have Fund then you Will Apply in SM for Few Listing Gains
MR. KUMAR
2. MR. KUMAR  Mar 3, 2020 12:19
A big avoid. It is future Switch industries
K joshi
1. K joshi  Mar 1, 2020 17:45
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







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