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Samvardhana Motherson Finance Ltd IPO To Open on May 2
Samvardhana Motherson Finance (SMFL), a components supplier to the automotive industry, will raise Rs 1,665 crore through an initial public offer (IPO).
Samvardhana Motherson Finance IPO will open for subscription on May 2 and close on May 4, 2012. The company will sell shares to cornerstone investors on Monday, according to the regulatory filings.
Samvardhana Motherson Finance Ltd is an integrated design and manufacturing company providing full system solutions to diverse industries.
The object of the issue are to funding pre-payment and repayment of debt facilities availed by company and its subsidiaries;
Issue Open: May 02, 2012 - May 04, 2012
Issue Type: 100% Book Built Issue IPO
Issue Size: Equity Shares of Rs. 10
Issue Size: Rs. 1,413.00 Crore
Face Value: Rs. 10 Per Equity Share
Issue Price: Rs. 113 - Rs. 118 Per Equity Share
Market Lot: 50 Shares
Minimum Order Quantity: 50 Shares
Listing At: BSE, NSE
Standard Chartered Securities (India) Limited and JP Morgan India Private Limited are book running lead managers to the issue. Link Intime India Private Limited is the registrar.
If you wish to subscribe to this issue, a demat account is mandatory. Basic documentation required to open a demat account includes a PAN card, residence proof and ID proof. For further details on opening a demat account, visit www.unicondirect.com