SM Auto Stamping Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 1,816,000 (47%) | — | ₹327 Cr |
| Retail | — | 1,824,000 (48%) | — | ₹328 Cr |
| Market Maker | — | 200,000 (5%) | — | ₹4 Cr |
| Σ Total | — | 3,840,000 (100%) | — | ₹6,912 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 8,000 | ₹144,000 |
| Retail (Max) | 13 | 104,000 | ₹1,872,000 |
| S-HNI (Min) | 14 | 112,000 | ₹2,016,000 |
| B-HNI (Min) | 67 | 536,000 | ₹9,648,000 |
Financial Statements Amount in Rs Cr
| Metric | 30-Sept-19 (for 6 months) | 31-Mar-19 | 31-Mar-18 |
|---|---|---|---|
| Revenue | 3,222 | 7,630 | 6,590 |
| Profit After Tax | 470 | 265 | 84 |
| Total Assets | 4,726 | 5,332 | 5,289 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- To meet Working Capital requirements – 5.00
- General Corporate Purpose – 0.90
Company Overview
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