SM Auto Stamping Ltd IPO
(i) Incorporated in 2006, they are auto-component manufacturers located in Nashik catering to the sheet metal components and sub-assemblies requirements of automobile parts/equipment manufacturers.
(ii) The range of products primarily covers sheet metal pressed components for clutches, brakes, engine mountings, chassis, shaft drive, body trims, bearings, etc. which are used in passenger cars, commercial vehicles, and tractors.
(iii) The Promoters, Mr. Milind Kulkarni and Mr. Suresh Fegde promoted a partnership firm, M/s Spam Fab Technocrats in 1995 for engaging in job work of sheet metal components. Later, another partnership firm in the name of M/s SM Industries was also formed by the same promoters in 1998 to carry on the manufacturing and job work of press parts. Subsequently, the Company in the name of SM Auto Stamping Private Limited was incorporated in 2006 which took over both the partnership firms in 2007. SM Auto Stamping Private Limited was converted into a public limited company and renamed as SM Auto Stamping
Limited w.e.f. December 19, 2019.
(iv) They have three manufacturing units, all ideally located at Nashik, Maharashtra.
(v) Some of its reputed customers include JBM Auto Ltd., SKF India Ltd., Mahindra CIE Automotive Ltd., Haldex India Pvt Ltd, Reliable Autotech Private Limited and ABB India Ltd. to whom we have supplied products in F.Y. 2018-19.
Objects of the SM Auto Stamping Ltd IPO:
SM Auto Stamping Ltd IPO Details:
|Open Date:||Mar 03 2020|
|Close Date:||Mar 05 2020|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Fixed Issue|
|Issue Size:||6.91 Cr.|
|Lot Size:||8000 Shares|
|Issue Price:||₹ 18 Per Equity Share|
|Listing At:||BSE SME|
|Listing Date:||Mar 13 2020|
Promoters And Management:
Financials of SM Auto Stamping Ltd IPO:
|Total Shares after IPO||1,42,87,832|