Sanmati Precision Engineering IPO Review, Dates, Allotment, Size, Live Bid Details, GMP & RHP

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.Stock Broker Complaints


Sanmati Precision Engineering IPO Review & Ratings

IPO Ratings & Review
CriteriaRatings
Industry Sentiments7.4/10
Industry Ranking7.1/10
Company Background8.2/10
Company Reputation7.7/10
Competitive Edge7.2/10
Financial Statements8.0/10
Popularity Index7.6/10
Promoters Reputation8.0/10
Retail Appetite7.5/10
Top Brokers Review8.1/10
Overall Ratings7.5/10
Star Ratings★★★★☆

Summary of Sanmati Precision Engineering IPO

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 / DateQIBNIIRIITotal 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
Refunds Initiation
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)
31-Dec-1931-Mar-19Mar-1831-Mar-17
Total Assets2520.622381.821230.611326.58
Total Revenue1686.341762.261089.13850.90
Total Expense1568.511657.931056.55845.40
Profit After Tax83.1179.1133.12(9.50)

Earnings per Equity Share (in Lakhs)

Amount (in INR & Lakhs)
31-Dec-19Mar-1931-Mar-1831-Mar-17
Basic & Diluted1.582.521.14(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 OfferedUp to 25,00,000 Equity Shares, aggregating up to Rs.[●] lakhs
 Of which:
Issue Reserved for the Market Maker[●] Equity Shares, aggregating up to Rs.[●] lakhs
[●] Equity Shares, aggregating up to Rs.[●] lakhs
Of which:
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 Issue52,55,570 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 EPSRONW in %NAV (Rs.)
31-Mar-17(0.35)(3.44)%
31-Mar-181.1410.70%
*31-Mar-192.5212.14%12.40
  • Price to Earnings (P/E) ratio in relation to Price band of Rs.[●] of Rs.10 per each
ParticularsP/E ratio
Highest16.33
Average10.84
Lowest5.35

Sanmati Precision Engineering Limited: Competitive Peers

Face Value (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)NAV per share (Rs.)
Sanmati Precision Engineering Limited10[●]1.5811.31%13.98
Listed Peers
Rico Auto Industries Limited**19.423.608.40%42.89
Kranti Industries Limited**105.772.609.94%23.15
MM Forgings Limited**105.3533.7018.65%180.71
Bharat Forge Limited**216.3323.0019.85%115.97

Sanmati Precision Engineering IPO Lead Managers

Lead Managers
FAST TRACK FINSEC PRIVATE LIMITED
B-502, Statesman House,
148, Barakhambha Road,
New Delhi – 110 001
Tel No.: +91 – 11 – 4141 1600
Email: mb@ftfinsec.com
Website: www.ftfinsec.com
Investor Grievance Email: investor@ftfinsec.com
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
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Investor Grievance Email: investor@bigshareonline.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

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ICICI Direct7.3/107.3/108.7/108.1/107.1/10
IIFL7.5/107.2/108.8/108.0/107.1/10
Edelweiss7.5/107.4/108.4/108.3/107.2/10
Zerodha7.4/107.1/108.5/108.1/107.0/10
5Paisa7.1/107.1/108.4/108.1/107.1/10
Karvy7.4/107.3/108.2/108.1/107.1/10
Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

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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