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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 ₹18.00 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). The minimum lot size investment for 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 Date | March 3, 2020 to March 5, 2020 |
| Listing Date | March 16, 2020 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹18 per share |
| Lot Size | 8,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 38,40,000 shares (aggregating up to ₹6.91 Cr) |
| Reserved for Market Maker | 2,00,000 shares Hem Securities Ltd. (aggregating up to ₹0.3600 Cr) |
| Net Offered to Public | 36,40,000 shares (aggregating up to ₹6.55 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,04,47,832 shares |
| Share Holding Post Issue | 1,42,87,832 shares |
SM Auto IPO offers total 38,40,000 shares. Out of which 18,16,000 (47.29%) allocated to NII, 18,24,000 (47.50%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,00,000 (5.21%) |
| NII (HNI) Shares Offered | 18,16,000 (47.29%) |
| Retail Shares Offered | 18,24,000 (47.50%) |
| Total Shares Offered | 38,40,000 (100.00%) |
SM Auto Stamping IPO opens on March 3, 2020, and closes on March 5, 2020.
| IPO Open Date | Tue, Mar 3, 2020 |
| IPO Close Date | Thu, Mar 5, 2020 |
| Tentative Allotment | Wed, Mar 11, 2020 |
| Initiation of Refunds | Thu, Mar 12, 2020 |
| Credit of Shares to Demat | Fri, Mar 13, 2020 |
| Tentative Listing Date | Mon, Mar 16, 2020 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Mar 5, 2020 |
Investors can bid for a minimum of 8,000 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 | 8,000 | ₹1,44,000 |
| Retail (Max) | 1 | 8,000 | ₹1,44,000 |
| HNI (Min) | 2 | 16,000 | ₹2,88,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 Stamping IPO is ₹25.72 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 300 |
The Company SM Auto Stamping 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 meet Working Capital requirements | 5.00 |
| 2 | General Corporate Purpose | 0.90 |
[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...
| Listing Date | March 16, 2020 |
| BSE Script Code | 543065 |
| NSE Symbol | |
| ISIN | INE0C4I01011 |
| Final Issue Price | ₹18 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹18.00 |
| Open | ₹18.00 |
| Low | ₹18.00 |
| High | ₹18.00 |
| Last Trade | ₹18.00 |
SM Auto Stamping Ltd.
J-41,
MIDC,
Ambad,
Ambad, Maharashtra, 422010
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
SM Auto Stamping IPO is a SME IPO of 38,40,000 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.
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.
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 March 3, 2020 and closes on March 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 Friday, March 13, 2020. Check the SM Auto Stamping IPO allotment status.
The SM Auto Stamping IPO listing date is on Monday, March 16, 2020.
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