Bookbuilding IPO | ₹43 Cr | Listed at NSE SME | Mon, Feb 5, 2018 - Wed, Feb 7, 2018
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 per share. The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,30,000 (2000 shares) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Feb 5, 2018
IPO Close
Wed, Feb 7, 2018
Issue Price
₹65 per share
Market Cap (Pre-IPO)
₹157.32 Cr
| IPO Date | 5 to 7 Feb, 2018 |
| Listed on | Thu, Feb 15, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹63 to ₹65 |
| Issue Price | ₹65 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 65,46,000 shares (agg. up to ₹43 Cr) |
| Reserved for Market Maker | 3,34,000 shares Innovate Securities Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 26,82,000 shares (agg. up to ₹17 Cr) |
| Offer for Sale | 35,30,000 shares of ₹10 (agg. up to ₹23 Cr) |
| Net Offered to Public | 62,12,000 shares (agg. up to ₹40 Cr) |
| Share Holding Pre Issue | 2,11,86,822 shares |
| Share Holding Post Issue | 2,42,02,822 shares |
| NSE Symbol | SINTERCOM |
| ISIN | INE129Z01016 |
Sintercom India IPO comprises a total issue size of 65,46,000 shares. The net offer to the public is 61,62,000 shares, after excluding 3,34,000 shares allotted on a firm basis and 50,000 shares under a preferential allotment. Of the Net offer 30,70,000 (49.82%) are allocated to QIB, 9,28,000 (15.06%) allocated to NII 21,64,000 (35.12%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 30,70,000 | 49.82% | 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 | 15.06% | 14.18% |
| Retail Shares Offered | 21,64,000 | 35.12% | 33.06% |
| Preferential Reservations | |||
| Employee Shares Offered | 50,000 | 0.76% | |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,34,000 | 5.10% | |
| Total Shares Offered | 65,46,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| 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 |
| 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 |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
The Sintercom India IPO is subscribed 38.92 times on February 7, 2018 5:00:00 PM (Day 3). The public issue subscribed 16.41 times in the retail category, 5.8 times in the QIB category, and 203.72 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 5.8 | 30,81,000 | 1,78,58,000 |
| NII* | 203.72 | 9,24,300 | 18,82,98,000 |
| Retail | 16.41 | 21,56,700 | 3,53,90,000 |
| Employee | 3.92 | 50,000 | 1,96,000 |
| Total | 38.92 | 62,12,000 | 24,17,42,000 |
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:
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to BRLM and commission (including selling commission, brokerage and underwriting commission) | 2.31 |
| 2 | Advertising and marketing expenses | 0.20 |
| 3 | Fees payable to the Registrar to the Offer | 0.01 |
| 4 | Brokerage and selling commission payable to Syndicate | 0.03 |
| 5 | Brokerage and Selling Commission payable to registered brokers | 0.00 |
| 6 | Processing fees to SCSB from ASBA Applications procured by the members of the syndicate or registered broker and submitted with the SCSBs | 0.03 |
| 7 | Others (Listing fees, legal fees, stationary charges, bankers of the offer, auditors's fees etc) | 1.57 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹65.00 |
| Open | ₹78.00 |
| Low | ₹78.00 |
| High | ₹78.00 |
| Last Trade | ₹78.00 |
Lead Manager Reports
Sintercom India IPO is a SME IPO of 65,46,000 equity shares of the face value of ₹10 aggregating up to ₹43 Crores. The issue is priced at ₹65 per share. The minimum order quantity is 2000.
The IPO opens on Mon, Feb 5, 2018, and closes on Wed, Feb 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 Mon, Feb 5, 2018 and closes on Wed, Feb 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 Thu, Feb 15, 2018.
