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Sintercom India IPO is a book build issue of ₹42.55 crores. The issue is a combination of fresh issue of 0.30 crore shares aggregating to ₹19.60 crores and offer for sale of 0.35 crore shares aggregating to ₹22.95 crores.
Sintercom India IPO bidding started from Feb 5, 2018 and ended on Feb 7, 2018. The shares got listed on NSE SME on Feb 15, 2018.
Sintercom India IPO price band is set at ₹65.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,26,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,60,000.
The issue includes a reservation of up to 50,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Innovate Securities Pvt.Ltd..
Refer to Sintercom India IPO RHP for detailed Information.
| IPO Date | February 5, 2018 to February 7, 2018 |
| Listing Date | February 15, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹63 to ₹65 per share |
| Issue Price Final | ₹65 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 65,46,000 shares (aggregating up to ₹42.55 Cr) |
| Reserved for Market Maker | 3,34,000 shares Innovate Securities Pvt.Ltd. (aggregating up to ₹2.17 Cr) |
| Fresh Issue (Ex Market Maker) | 26,82,000 shares (aggregating up to ₹17.43 Cr) |
| Offer for Sale | 35,30,000 shares of ₹10 (aggregating up to ₹22.95 Cr) |
| Net Offered to Public | 62,12,000 shares (aggregating up to ₹40.38 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 2,11,86,822 shares |
| Share Holding Post Issue | 2,42,02,822 shares |
Sintercom India IPO offers total 65,46,000 shares. Out of which 30,70,000 (46.90%) allocated to QIB, 12,30,000 (18.79%) allocated to QIB, 9,28,000 (14.18%) allocated to NII, 21,64,000 (33.06%) allocated to RII and 18,40,000 (28.11%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,34,000 (5.10%) |
| QIB Shares Offered | 30,70,000 (46.90%) |
| − Anchor Investor Shares Offered | 18,40,000 (28.11%) |
| − QIB (Ex. Anchor) Shares Offered | 12,30,000 (18.79%) |
| NII (HNI) Shares Offered | 9,28,000 (14.18%) |
| Retail Shares Offered | 21,64,000 (33.06%) |
| Employee Shares Offered | 50,000 (0.76%) |
| Total Shares Offered | 65,46,000 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only NII | Above Rs 2 Lakhs | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Sintercom India IPO opens on February 5, 2018, and closes on February 7, 2018.
| IPO Open Date | Mon, Feb 5, 2018 |
| IPO Close Date | Wed, Feb 7, 2018 |
| Tentative Listing Date | Thu, Feb 15, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Feb 7, 2018 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,30,000 |
| Retail (Max) | 1 | 2,000 | ₹1,30,000 |
| HNI (Min) | 2 | 4,000 | ₹2,60,000 |
Incorporated in 2007, Sintercom India Limited is Pune-based Company engaged in the business of manufacturing sintered metal automotive components of engines, transmissions systems, body chassis and exhaust applications using sintering manufacturing processes. The products manufactured by the company are used in the commercial and passenger vehicles.
The main product line of the Company is manufacturing of high strength structural sintered components of Engine and Transmissions.
Company mainly caters to the domestic Original Equipment manufacturers (OEM) buyers like Maruti Suzuki Limited, Mahindra & Mahindra Limited, Bajaj Auto Limited and Fiat India Automobiles Private Limited in automotive segment. Company has an in-house dedicated Research & Development team. Company has been developing new products in engines, transmission systems and body chasis for OEMs and Tier-1 customers.
The Company Sintercom India IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | To finance expansion of the plant production capacity at the existing unit. | 16.56 |
| 2 | Part repayment of secured and unsecured loan availed by the company | 11.50 |
[Dilip Davda] Rising usage of sintered products in automobile and other sectors augurs well for this company that is poised to benefit going forward. Investment may be considered for long term in this fully priced offer. Read detail review...
02 Feb 2018 - Sintercom India Ltd. Allots 18,40,000 equity shares at Rs. 65 per share aggregating to Rs. 11.96 crore (approximately) to 3 Anchor Investors.
The anchor investors include leading investors namely:
| Listing Date | February 15, 2018 |
| BSE Script Code | |
| NSE Symbol | SINTERCOM |
| ISIN | INE129Z01016 |
| Final Issue Price | ₹65 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹65.00 |
| Open | ₹78.00 |
| Low | ₹78.00 |
| High | ₹78.00 |
| Last Trade | ₹78.00 |
Sintercom India Ltd.
Gat No. 127, At Post Mangrul,
Taluka Maval,
Talegaon Dabhade,
Pune, Maharashtra, 410507
Phone: +91 2114 661200
Email: investor@sintercom.co.in
Website: http://www.sintercom.co.in/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: sintercom.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Sintercom India IPO is a SME IPO of 65,46,000 equity shares of the face value of ₹10 aggregating up to ₹42.55 Crores. The issue is priced at ₹65 per share. The minimum order quantity is 2000.
The IPO opens on February 5, 2018, and closes on February 7, 2018.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Sintercom India IPO using UPI as a payment gateway. Zerodha customers can apply in Sintercom India IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sintercom India IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sintercom India IPO opens on February 5, 2018 and closes on February 7, 2018.
Sintercom India IPO lot size is 2000, and the minimum amount required for application is ₹1,30,000.
You can apply in Sintercom India IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Sintercom India IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Sintercom India IPO allotment status.
The Sintercom India IPO listing date is on Thursday, February 15, 2018.
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