SM Auto Stamping IPO Review, Dates, Allotment, Size, Live Bid Details, GMP & RHP
Last Updated Date: Aug 24, 2022Let’s have a detailed review of the company and analytics of the SM Auto Stamping Limited IPO release date, IPO offer price, subscription, SM Auto Stamping IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
SM Auto Stamping IPO Review & Ratings
| IPO Ratings & Review | |
| Criteria | Ratings |
| Industry Sentiments | 7.9/10 |
| Industry Ranking | 7.2/10 |
| Company Background | 8.0/10 |
| Company Reputation | 7.7/10 |
| Competitive Edge | 7.2/10 |
| Financial Statements | 7.9/10 |
| Popularity Index | 7.9/10 |
| Promoters Reputation | 8.0/10 |
| Retail Appetite | 7.4/10 |
| Top Brokers Review | 7.7/10 |
| Overall Ratings | 7.5/10 |
| Star Ratings | ★★★★☆ |
Summary of SM Auto Stamping IPO
Incorporated in 2006, they are one of the auto-component manufacturers located in Nashik catering to the sheet metal components and sub-assemblies requirements of automobile parts/equipment manufacturers.
Their range of product 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. Their products such as deep drawn components and control panel components also find application in electrical equipments industry.
From FY 2016-17 to FY 2018-2019, as per the Restated Financial Statements
- As per the restated consolidated financial statements for stub period/ fiscal year ended on June 30, 2019, March 31, 2019, March 2018 and March 31, 2017, the total revenue of their Company stood at Rs.1861.31 lakhs, Rs.7630.09 lakhs, Rs.6589.74 lakhs and Rs.5336.30 lakhs respectively.
- Further, their PAT for the stub period/ fiscal year ended on June 30, 2019, March 31, 2019, March 31, 2018 and March 31, 2017 stood at Rs.18.39 lakhs, Rs.265.40 lakhs, Rs.84.00 lakhs and loss of Rs.173.11 lakhs respectively.
SM Auto Stamping IPO Dates
The opening and the closing date of SM Auto Stamping IPO is Mar 3, 2020 – Mar 5, 2020.
SM Auto Stamping IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – Mar 3 | 0.01x | 0.10x | 0.05x |
| 2nd Day – Mar 4 | 1.82x | 0.15x | 0.98x |
| 3rd Day – Mar 5 | 2.21x | 0.47x | 1.34x |
| Shares Offered or Net Issue | 1,820,000 | 1,820,000 | 3,640,000 |
The shares subscribed by the public will be updated here.
SM Auto Stamping IPO Allotment Status
Here, you can find the Allotment Status of this 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.
| Basis of Allotment Finalization | Mar 11, 2020 |
| Refunds Initiation | Mar 12, 2020 |
| Credit of Shares to Demat Account | Mar 13, 2020 |
| Share Listing Date | Mar 16, 2020 |
SM Auto Stamping IPO Price Band / Cash Price
The face value of each share is Rs.10, and the cash price of the IPO is Rs.18.
SM Auto Stamping IPO Size
This Initial Public Issue of 38,40,000 Equity Shares of Rs.10 each for cash at a price of Rs.18 per equity share aggregating to Rs.691 Lakhs.
SM Auto Stamping IPO Share Offering
This is an Initial Public Fresh Issue of 38,40,000 Equity Shares of face value of Rs. 10 each of our Company for cash at a price of Rs. 18/-per Equity Share (including a share premium of Rs. 8/-per Equity Share) aggregating to Rs. 691.20 lakhs (“The Issue”), out of which 2,00,000 Equity Shares of face value of Rs. 10 each for cash at a price of Rs. 18/-per Equity Share aggregating up to Rs.36.00 lakhs.
This will be reserved for subscription by the market maker to the issue (the “Market Maker Reservation Portion”). The Issue less Market Maker Reservation Portion i.e. Issue of 36,40,000 Equity Shares of face value of Rs. 10 each, at an issue price of Rs.18/-per Equity Share for cash, aggregating to Rs. 655.20 lakhs is hereinafter referred to as the “Net Issue”.
The Public Issue and Net Issue will constitute 26.88% and 25.48% respectively of the post- issue paid-up Equity Share capital of our Company.
SM Auto Stamping Limited – Company Overview
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, their 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.
SM Auto Stamping Manufacturing Units
They have three manufacturing units, all ideally located at Nashik, Maharashtra on leasehold industrial plots of total size admeasuring to over 5000 sq. mtrs. Their all three units comply with the IATF 16949:2016 standards. Apart from manufacturing, they also provide job work services in respect of blanking and forming process on metal components.
SM Auto Stamping – Product Portfolio
Their portfolio of products can be classified into following categories:-
A. Components used in Automotive Power Train
- Components for automotive clutches
- Automotive propeller shaft drive Components
- Components for automotive brake system
- Automotive engine mountings Components
B. Components used in Automotive Body
- Components for automotive body trims
- High tonnage components
C. Components used in Automotive Chassis
D. Components for Bearings
E. Automotive welded assemblies
F. Deep Drawn Components
G. Components for electrical switchgear & heavy panels
SM Auto Stamping Limited: Business strategies
- Utilization of Existing Installed Capacity
- Improving operational efficiencies
- Leveraging their Market skills and Relationships
- Focus on consistently meeting quality standards
SM Auto Stamping Ltd – Financial Statements
On the basis of Standalone statement:
| Amount (in INR & Lakhs) | ||||
| 30-Jun-19 | 31-Mar-19 | Mar-18 | 31-Mar-17 | |
| Total Assets | 5194.44 | 5,332.17 | 5,289.03 | 5,252.40 |
| Total Revenue | 1,861.31 | 7,630.09 | 6,589.74 | 5,336.30 |
| Total Expense | 1,828.41 | 7,375.91 | 6,479.09 | 5,462.16 |
| Profit After Tax | 18.39 | 265.40 | 84.00 | (173.11) |
Earnings per Equity Share (in Lakhs)
| Amount (in INR & Lakhs) | ||||
| 30-Jun-19 | Mar-19 | 31-Mar-18 | 31-Mar-17 | |
| Basic & Diluted | 0.15 | 2.54 | 0.80 | 0 |
SM Auto Stamping IPO – Promoters
The Promoters of this company are:
- Mr. Mukund Narayan Kulkarni
- Mr. Suresh Gunwant Fegde
- Mrs. Alka Mukund Kulkarni
List of Related Parties (Key Managerial Personnel)
- Mr. Mukund Narayan Kulkarni, Chairman and Managing Director
- Mr.Suresh GunwantFegde, Whole time Director
- Mrs. Priya Anuj Khadilkar, Company Secretary and Compliance Officer
- Mr. Suresh Jagdale, Chief Financial Officer
Interest in promotion of the Company
Their Promoters are interested in the promotion of their Company and also to the extent of their shareholding and shareholding of their relatives, from time to time, for which they are entitled to receive dividend payable, if any, and other distribution in respect of the Equity Shares held by them and their relatives.
Interests of Promoter in property of their Company
None of their promoters or directors has any interest in any property acquired by their Company in a period of two years before filing of this Draft Prospectus or proposed to be acquired by them as on date of this Draft Prospectus.
SM Auto Stamping IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 38,40,000 Equity Shares, aggregating up to Rs.[●] Lakhs |
| Of which: | |
| Issue Reserved for the Market Makers | [●] Equity Shares, aggregating up to Rs.[●] Lakhs |
| Net Issue to the Public | [●] Equity Shares, aggregating up to Rs.[●] Lakhs |
| Of Which | |
| Retail Individual Investors | At least [●]Equity Shares aggregating up to Rs. [●] lakhs |
| Other than Retail Individual Investors | Not more than [●] Equity Shares aggregating up to Rs. [●] lakhs |
| Equity Shares outstanding prior to the Issue | 1,04,47,832 Equity Shares |
| Equity Shares outstanding after the Issue | 1,42,87,832 Equity Shares |
SM Auto Stamping IPO Issue Object
These are the IPO Issue Objects of the company:
- To meet Working Capital requirements
- General Corporate Purpose
- To meet issue expenses
SM Auto Stamping Limited: Competitive Strength
- In-house die making facilities and Machining Centre
- Wide product range and customized product offering
- Vast Experience of Promoters
- Existing customer relationship
SM Auto Stamping IPO – Basis of the Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- In-house die making facilities and Machining Centre
- Wide product range and customized product offering
- Vast Experience of Promoters
- Existing customer relationship
SM Auto Stamping IPO – Quantitative Factors
| Basic & Diluted EPS | RONW in % | NAV (Rs.) | |
| 31-Mar-17 | (1.66) | (22.45%) | – |
| 31-Mar-18 | 0.80 | 9.82% | – |
| 31-Mar-19 | 2.54 | 23.68% | 85.81 |
- Price to Earnings (P/E) ratio in relation to Price band of Rs.46 to Rs.10 per Equity Share
| Particulars | P/E ratio |
| Highest | 229 |
| Average | 80.12 |
| Lowest | 11.36 |
SM Auto Stamping Limited: Competitive Peers
| Total Revenue (Rs. in crores) | Face Value (Rs.) | P/E | EPS (Basic) (Rs.) | Return on Net Worth (%) | Book Value (Rs.) | |
| SM Auto Stamping Limited | 76.30 | 10 | [●] | 2.54 | 23.68% | 85.81 |
| Listed Peers | ||||||
| Omax Autos Limited | 1004.43 | 10 | 229 | 0.20 | 0.19% | 107.09 |
| Rasandik Engineering Industries India Limited | 274.56 | 10 | 11.36 | 4.93 | 2.71% | 179.45 |
| Autoline Industries Ltd. | 454.31 | 10 | – | (2.32) | -4.29% | 33.38 |
SM Auto Stamping IPO Lead Managers
| Lead Manager |
| HEM SECURITIES LIMITED 904,A Wing, Naman Midtown, SenapatiBapat Marg, Elphinstone Road, Lower Parel, Mumbai-400013, India Tel. No.: +91- 022- 49060000 Fax No.: +91- 022- 22625991 Website: www.hemsecurities.com Email: ib@hemsecurities.com Investor Grievance Email: redressal@hemsecurities.com Contact Person :Mr. Anil Bhargava SEBI Regn. No. INM000010981 |
SM Auto Stamping IPO Registrar to Offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED Address:-1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri East, Mumbai – 400059 Tel No.:+91-022-62638200 Fax No.: +91-022-62638299 Website:www.bigshareonline.com Email:ipo@bigshareonline.com Contact Person: Mr. Ashok Shetty SEBI Regn. No.: INR000001385 |
Other Details:
- Statutory Auditor – M/s. Milind M. Kulkarni and Associates Chartered Accountants
- Legal Counsel to the Issue – MMJC & Associates LLP
- Bankers to the Company – TJSB Sahakari Bank Ltd.
SM Auto Stamping IPO Review by Top 10 Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
SM Auto Stamping IPO Grey Market Premium
The SM Auto Stamping 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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SM Auto Stamping IPO News
News 1 – IPO ISSUE OPENS SOON [Download Prospectus]
News 1 – SM Auto Stamping IPO [Download RHP Prospectus]
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