Let’s have a detailed review of the company and analytics of the Sanmati IPO release date, IPO offer price, subscription, Sanmati Precision Engineering IPO allotment, grey market pricte and other details like the company’s background, its financial positions, its promoters and other related things.
Sanmati Precision Engineering IPO Review & Ratings
|IPO Ratings & Review|
|Top Brokers Review||8.1/10|
Summary of Sanmati Precision Engineering IPO
Their Company is a world class manufacturer of Grey Cast Iron and Ductile Iron Machined Castings having a built-up manufacturing area of more than 20,000 Sq. Feet and workforce of 65.
Their Company has fully integrated casting and machining operations run in environmentally friendly foundries and machine shops. Their specialization is in supplying intricate, cored and fully machined cast components in the weight range of 6-70 kg and in the volume range of 100-15,000 quantities per month to OEMs and system manufacturers.
From FY 2016-17 to FY 2018-2019, as per the Restated Financial Statements
- As per Restated Financial statements for the nine months period ended December 31, 2019, March 31, 2019, 2018 and 2017, their total revenues were Rs. 16.84 Crores, Rs. 17.57 Crores, Rs. 10.80 Crores and Rs. 8.43 Crores, respectively. Their Profit after Tax for the for the nine months period ended December 31, 2019, March 31, 2019, 2018 and 2017 were Rs. 83.11 lakhs, Rs. 79.11 lakhs, Rs. 33.12 lakhs and Rs. (9.50) lakhs, respectively.
The Promoters of this company are Mr. Shital Adinath Ketkale and Mrs. Vaishali Shital Ketkale. The lead manager to the issue is FAST TRACK FINSEC PRIVATE LIMITED. The Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.
Sanmati Precision Engineering IPO Dates / Launch Date
The opening and the closing date of Sanmati Precision Engineering IPO is not known yet.
Sanmati Precision Engineering IPO Subscription
|Day / Date||QIB||NII||RII||Total Subscription|
|1st Day –|
|2nd Day –|
|3rd Day –|
|4th Day –|
|Shares Offered or Net Issue|
The shares subscribed by the public will be updated here.
Sanmati Precision Engineering IPO Allotment Status
Here, you can find the Allotment Status of Sanmati IPO. Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment status is not yet disclosed.
Sanmati Precision Engineering IPO Listing Date
Find the dates below on basis of allotment, refund, listing and more:
|Basis of Allotment Finalization||–|
|Credit of Shares to Demat Account||–|
|Share Listing Date||–|
Sanmati Precision Engineering IPO Price Band / Cash Price
The face value of each share is Rs.[●], and the cash price of the IPO is [●].
Sanmati Precision Engineering IPO Size
This Initial Public Issue of 25,00,000 Equity Shares of Rs.10 each for cash at a price of Rs.[●] per equity share aggregating to Rs.[●] Lakh
Sanmati Precision Engineering IPO Share Offering
Public Issue: The Fresh Issue of 25,00,000 Equity Shares by their Company of Rs.10 each at a price of [●] per equity share aggregating to Rs.[●] lakh,
Net Offer: The Net Offer of up to [●] Equity Shares of Rs.10 each at price of Rs.[●] per Equity Shares aggregating to Rs.[●] lakhs
Sanmati Precision Engineering Limited – Company Overview
Their Company was incorporated in 2013 and Their Company offers a single stop solution for customized manufacturing of machine parts including Casting, Machining, Fabrication, Assembly Testing & Inspection and provides the most varied range of these products in various possible sizes which are used by Original Equipment Manufacturers (OEMs).
Their business has been set up by well qualified engineers, who have expertise in selecting Machine shop equipment. The Company also specializes in the supplying of variety of core shooters with advanced technology.
Sanmati Precision Engineering Business Operations
As a backward integration they also offer foundry business operations which produce equipment based on superior designs, special aspects, and excellent workmanship and built in quality & safety features.
Their Company is committed to supply quality products with cost effectiveness besides excellent pre and post sales services. Their Company thus offers products which are long term trouble free operations and gives real value for your money.
Sanmati Precision Engineering – Client Portfolio
Their esteemed clients include Kirlosakar Oil Engines Limited, JCB India Limited, Rieter India Private Limited etc. They are dedicated to developing brands and products for their customers and consumers that create more enriched lives.
Sanmati Precision Engineering – Manufacturing Process
Their machines are well equipped for both individual and diversified processes, and their flexibility enables them to employ them in the most optimum manner to suit the customer’s preferences.
Additionally, most of their machinery with certain modification is capable of being used interchangeably for either of their sectors, depending on the demand for such products. They have and may have dedicated production lines based on the size and frequency of the orders of their customers. Typically, their manufacturing process consists of machining inspection and assembly (if any).
Sanmati Precision Engineering Limited: Business strategies
- Improving Operational Efficiencies
- Work with existing suppliers
- Expand Geographical Reach
- Better Cost Control And Improved Manufacturing Technology
- To Widen Product Range
Sanmati Precision Engineering Ltd – Financial Statements
On the basis of Standalone statement:
|Amount (in INR & Lakhs)|
|Profit After Tax||83.11||79.11||33.12||(9.50)|
Earnings per Equity Share (in Lakhs)
|Amount (in INR & Lakhs)|
|Basic & Diluted||1.58||2.52||1.14||(0.35)|
Sanmati Precision Engineering IPO – Promoters
The Promoters of this company are:
- Mr. Shital Adinath Ketkale
- Mrs. Vaishali Shital Ketkale
List of Related Parties (Key Managerial Personnel)
- Mr. Abhinandan Bharat Bhokare, Chief Financial Officer
- Mr. Shahaji Annasaheb Patil, Company Secretary and Chief Legal Officer
Interest in promotion of the Company
Their Company is currently promoted by the promoters in order to carry on its present business. Their Promoters are interested in their Company to the extent of their shareholding in their Company and the dividend declared, if any, by their Company.
Interests of Promoter in property of their Company
Their Promoters have confirmed that they do not have any interest in any property acquired by their Company within three years preceding the date of this Draft Prospectus or proposed to be acquired by their Company as on the date of this Draft Prospectus
Sanmati Precision Engineering IPO Offer Details or Issue Details
|Particulars||No. Of Equity Shares|
|Equity Shares Offered||Up to 25,00,000 Equity Shares, aggregating up to Rs.[●] lakhs|
|Issue Reserved for the Market Maker||[●] Equity Shares, aggregating up to Rs.[●] lakhs|
|[●] Equity Shares, aggregating up to Rs.[●] lakhs|
|Net Issue to the Public||[●] Equity Shares available for allocation for Investors of up to Rs. 2.00 lakhs|
|[●] Equity Shares available for allocation for Investors of up to Rs. 2.00 lakhs|
|Equity Shares outstanding prior to the Issue||52,55,570 Equity Shares|
|Equity Shares outstanding after the Issue||[●] Equity Shares|
Sanmati Precision Engineering IPO Issue Object
The Objects of the Net Fresh Issue is raise funds for:
a) Acquisitions and other strategic initiatives;
b) Funding Working Capital Requirements; and
c) General Corporate Purpose
Sanmati Precision Engineering Limited: Competitive Strength
- Growing Domestic Economy
- Experienced & Qualified Management
- Cordial relationships with their suppliers
- Quality Assurance and Standards
- Strong customer relationship
- Strong financial planning
Sanmati Precision Engineering IPO – Basis of the Offer Price
Some of the qualitative factors and their strengths which form the basis for the Issue Price are:
Qualitative factors are:
- Experienced Promoters and Management Expertise
- Diversified Customer Base
- Wide Range of Products
- Research & Development
- Quality Assurance & Quality Products
- Consistent Financial Performance
Sanmati Precision Engineering IPO – Quantitative Factors
|Basic & Diluted EPS||RONW in %||NAV (Rs.)|
- Price to Earnings (P/E) ratio in relation to Price band of Rs.[●] of Rs.10 per each
Sanmati Precision Engineering Limited: Competitive Peers
|Face Value (Rs.)||P/E||EPS (Rs.)||Return on Net Worth (%)||NAV per share (Rs.)|
|Sanmati Precision Engineering Limited||10||[●]||1.58||11.31%||13.98|
|Rico Auto Industries Limited**||1||9.42||3.60||8.40%||42.89|
|Kranti Industries Limited**||10||5.77||2.60||9.94%||23.15|
|MM Forgings Limited**||10||5.35||33.70||18.65%||180.71|
|Bharat Forge Limited**||2||16.33||23.00||19.85%||115.97|
Sanmati Precision Engineering IPO Lead Managers
|FAST TRACK FINSEC PRIVATE LIMITED|
B-502, Statesman House,
148, Barakhambha Road,
New Delhi – 110 001
Tel No.: +91 – 11 – 4141 1600
Investor Grievance Email: firstname.lastname@example.org
Contact Person: Mr. Pawan Kumar Mahur
SEBI Registration No. INM000012500
Sanmati Precision Engineering IPO Registrar to Offer
|Registrar to the Offer|
|BIGSHARE SERVICES PRIVATE LIMITED|
1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis,
Makwana Road, Marol, Andheri East, Mumbai – 400 059.
Tel. No.: +91 – 22 – 6263 8200
Fax No.: +91 – 22 – 6263 8299
Investor Grievance Email: email@example.com
Contact Person: Mr. Arvind Tandel
SEBI Registration No.: INR000001385
Sanmati IPO – Other Details
- Statutory Auditor – R K Jagetiya & Co., Chartered Accountants
- Legal Counsel to the Company – MV Kini, Law Firm
- Bankers to the Company – HDFC BANK LIMITED, RAJARAMBAPU SAHAKARI BANK LIMITED
Sanmati Precision Engineering IPO Review by Top 10 Stock Brokers
|Top Stock Brokers Review||Company Reputation||Competitive Edge||Financial Statement||Popularity Index||Promoters Reputation|
Sanmati Precision Engineering IPO Grey Market Premium
The Sanmati Precision Engineering IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
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