Fixed Price IPO | ₹7 Cr | Listed at BSE SME | Tue, Mar 3, 2020 - Thu, Mar 5, 2020
SM Auto Stamping IPO is a fixed price issue of ₹6.91 crores. The issue is entirely a fresh issue of 0.38 crore shares of ₹6.91 crore.
SM Auto Stamping IPO bidding started from Mar 3, 2020 and ended on Mar 5, 2020. The allotment for SM Auto Stamping IPO was finalized on Mar 11, 2020. The shares got listed on BSE SME on Mar 16, 2020.
SM Auto Stamping IPO price is ₹18 per share. The lot size for an application is 8,000. The minimum amount of investment required by an individual investor (retail) is ₹1,44,000 (8000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (16,000 shares), amounting to ₹2,88,000.
Hem Securities Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Hem Securities Ltd..
Refer to SM Auto Stamping IPO RHP for detailed Information.
IPO Open
Tue, Mar 3, 2020
IPO Close
Thu, Mar 5, 2020
Issue Price
₹18 per share
Market Cap (Pre-IPO)
₹25.72 Cr
| IPO Date | 3 to 5 Mar, 2020 |
| Listed on | Mon, Mar 16, 2020 |
| Face Value | ₹10 per share |
| Issue Price | ₹18 per share |
| Lot Size | 8,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 38,40,000 shares (agg. up to ₹7 Cr) |
| Reserved for Market Maker | 2,00,000 shares Hem Securities Ltd. (agg. up to ₹0.3600 Cr) |
| Fresh Issue (Ex Market Maker) | 36,40,000 shares (agg. up to ₹7 Cr) |
| Net Offered to Public | 36,40,000 shares (agg. up to ₹7 Cr) |
| Share Holding Pre Issue | 1,04,47,832 shares |
| Share Holding Post Issue | 1,42,87,832 shares |
| BSE Script Code | 543065 |
| ISIN | INE0C4I01011 |
SM Auto Stamping IPO comprises a total issue size of 38,40,000 shares. The net offer to the public is 36,40,000 shares, after excluding 2,00,000 shares allotted on a firm basis. Of the Net offer 18,16,000 (49.89%) allocated to NII 18,24,000 (50.11%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 18,16,000 | 49.89% | 47.29% |
| Retail Shares Offered | 18,24,000 | 50.11% | 47.50% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,00,000 | 5.21% | |
| Total Shares Offered | 38,40,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 8,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 8,000 | ₹1,44,000 |
| Retail (Max) | 1 | 8,000 | ₹1,44,000 |
| HNI (Min) | 2 | 16,000 | ₹2,88,000 |
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
| 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 meet Working Capital requirements | 5.00 |
| 2 | General Corporate Purpose | 0.90 |
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 300 | |
| Promoter Holding | 99.99% | 73.11% |
| Market Cap | ₹25.72 Cr. |
The SM Auto IPO is subscribed 1.34 times on March 5, 2020 6:30:22 PM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2.21 | 18,20,000 | 40,24,000 |
| Retail | 0.47 | 18,20,000 | 8,56,000 |
| Total | 1.34 | 36,40,000 | 48,80,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees (including printing, legal advisor and advertisement expenses) | 0.28 |
| 2 | Underwriting Commission | 0.14 |
| 3 | Fees Payable to Registrar to the Issue | 0.01 |
| 4 | Fees Payable towards Marketing and Selling fees* | 0.55 |
| 5 | Fees Payable to Regulators including Stock Exchanges | 0.03 |
| 6 | Others ( Processing Fees for Application and Miscellaneous Expenses) | 0.01 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹18.00 |
| Open | ₹18.00 |
| Low | ₹18.00 |
| High | ₹18.00 |
| Last Trade | ₹18.00 |
Lead Manager Reports
SM Auto Stamping IPO is a SME IPO of 38,40,000 equity shares of the face value of ₹10 aggregating up to ₹7 Crores. The issue is priced at ₹18 per share. The minimum order quantity is 8000.
The IPO opens on Tue, Mar 3, 2020, and closes on Thu, Mar 5, 2020.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in SM Auto Stamping IPO using UPI as a payment gateway. Zerodha customers can apply in SM Auto Stamping IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in SM Auto Stamping IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The SM Auto Stamping IPO opens on Tue, Mar 3, 2020 and closes on Thu, Mar 5, 2020.
SM Auto Stamping IPO lot size is 8000, and the minimum amount required for application is ₹1,44,000.
You can apply in SM Auto Stamping 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 SM Auto Stamping IPO will be done on Wednesday, March 11, 2020, and the allotted shares will be credited to your demat account by Fri, Mar 13, 2020. Check the SM Auto Stamping IPO allotment status.
The SM Auto Stamping IPO listing date is on Mon, Mar 16, 2020.
