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
Mr. Mukund Narayan Kulkarni, Mr. Suresh Gunwant Fegde and Mrs. Alka Mukund Kulkarni are the promoters of the company.
| 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) | |
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
| IPO Opening Date | Mar 3, 2020 |
| IPO Closing Date | Mar 5, 2020 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹18 per equity share |
| Market Lot | 8000 Shares |
| Min Order Quantity | 8000 Shares |
| Listing At | BSE SME |
| Issue Size | 3,840,000 Eq Shares of ₹10 (aggregating up to ₹6.91 Cr) |
| P/E (x) | 300 |
| Market Cap (₹ Cr.) | 25.72 |
The SM Auto IPO open date is Mar 3, 2020, and the close date is Mar 5, 2020. The issue may list on Mar 16, 2020.
| IPO Open Date | Mar 3, 2020 |
| IPO Close Date | Mar 5, 2020 |
| Basis of Allotment Date | Mar 11, 2020 |
| Initiation of Refunds | Mar 12, 2020 |
| Credit of Shares to Demat Account | Mar 13, 2020 |
| IPO Listing Date | Mar 16, 2020 |
The SM Auto IPO market 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 (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 8000 | ₹144,000 |
| Maximum | 1 | 8000 | ₹144,000 |
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 73.11% |
The SM Auto IPO is subscribed 1.34x times on Mar 5, 2020 18:30. The public issue subscribed 0.47x in the retail category, in the QIB category, and 2.21x in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | IPO Subscription |
|---|---|
| NII | 2.21x |
| RII | 0.47x |
| Total | 1.34x |
| Listing Date | Monday, March 16, 2020 |
| BSE Script Code | 543065 |
| NSE Symbol | |
| Listing In | MT Group of Securities |
| ISIN | INE0C4I01011 |
| IPO Price | ₹18 per equity share |
| Face Value | ₹10 per equity share |
|
|
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/
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
Lead Manager Reports
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 equity 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 8000 Shares.
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, Edelweiss, 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.
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