SM Auto IPO-UPCOMING IPO 2020 DATE, PRICE & OTHER DETAILS
In the list of upcoming IPO 2020, SM Auto Stamping Ltd is planning to launch IPO of 6.91cr.SM Auto IPO will open on 3 March 2020. SM Auto Stamping Ltd is a Nasik based manufacturer of precision sheet metal stamping and was incorporated in the year 2006. It also manufactures deep drawn components like welded assemblies and press tools.
It provides its customers with direct solutions in the automobile and engineering sector to meet their needs.
The firm has specialization in dealing with complex sheet metals, pressed design, components, high-quality stamping dies, welding fixtures, welded assemblies, high tonnage stamped components, and welding fixtures.
It supplies products to TS 16949 certified clients.
The manufacturing unit is located at Nasik, Pune, and Mumbai producing 6 million components in a year.
Some of the other components are automotive clutches, automotive propeller shaft drive, automotive brake system, and automotive body trims.
Competitive Strengths of SM Auto IPO:
- Wide range of Sheet Metal Components.
- High-quality production standards
- Long-term working relationship with customers
Company Promoters of SM Auto Pvt Ltd:
- Mr. Mukund Narayan Kulkarni
- Mr. Suresh Gunwant Fedge
- Mr. Alka Mukund Kulkarni
Objects of the SM Auto IPO:
Following are the objectives of the issue:
- To meet Working Capital requirements
- General Corporate Purpose
- To meet issue expenses
Company Financials
Below is the financial summary of the company
SM Auto IPO Details:
| IPO Date | 3rd Mar,2020- 5th Mar,2020 |
| Type of Issue | Fixed Price Issue IPO |
| Size of Issue | 3,840,000 Equity Shares of Rs.10 (aggregating to an amount of Rs.6.91 Cr) |
| Face Value | Rs.10 per equity share |
| Price of IPO | Rs.18 per equity share |
| Market Lot | 8000 shares |
| Minimum Order Quantity | 8000 shares |
| Listing | BSE SME |
| P/E (x) | 300 |
| Market Capitalization (Rs.Cr) | 25.72 |
SM Auto IPO Tentative Dates
| Offer opening date | 3rd Mar, 2020 |
| Offer close date | 5th Mar, 2020 |
| Finalisation of Allotment basis | 11th Mar, 2020 |
| Initiation of Refund | 12th Mar, 2020 |
| Credit of shares to demat account | 13th Mar, 2020 |
| IPO shares listing date | 16th Mar, 2020 |
SM Auto IPO Lot Size and Price
| Application | Lots | Shares | Amount |
| Minimum | 1 | 8000 | Rs.144,000 |
| Maximum | 1 | 8000 | Rs.144,000 |
SM Auto IPO Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 73.11% |
SM Auto IPO Prospectus
Company Contact Information
SM Auto Stamping Ltd
J-41, MIDC,
Ambad Nashik-422010,
Maharashtra, India
Phone: +91-253-6621106/07
Email: acc@smautostamping.com
Website: http://www.smautostamping.com/
To get the latest update on IPO visit at Upcoming IPO 2020
