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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.
| 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 Size | 3,840,000 shares (aggregating up to ₹6.91 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 10,447,832 |
| Share holding post issue | 14,287,832 |
| Market Maker portion | 3,600,000 shares |
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 Offered | 3,600,000 (49.72%) |
| Other Shares Offered | 1,820,000 (25.14%) |
| Retail Shares Offered | 1,820,000 (25.14%) |
| Total Shares Offered | 7,240,000 (100%) |
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 |
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 | |||
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% |
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
| 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 market capitalization of SM Auto IPO is Rs 25.72 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 300 |
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
[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...
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)
| Category | Subscription (times) |
|---|---|
| Other | 2.21 |
| Retail | 0.47 |
| Total | 1.34 |
| Listing Date | March 16, 2020 |
| BSE Script Code | 543065 |
| NSE Symbol | |
| ISIN | INE0C4I01011 |
| Final Issue Price | ₹18 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹18.00 |
| ₹18.00 |
| ₹18.00 |
| ₹18.00 |
| ₹18.00 |
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
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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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.
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