SM Auto Stamping Ltd IPO is all about to make its debut on 03 March 2020, with an issue size of 6.91CR. SM Auto Stamping Ltd (SMASL), situated in Nashik, is a producer of deep-drawn components, including welded assemblies and press tools, as well as precision sheet metal stamping. In the automotive and engineering industries, the business focuses on customer needs and offers a straightforward answer.
It specializes in handling complicated sheet metal pressing designs, parts, welding fixtures, premium stamping dies, welded vehicle assembly, high throughput stamped components, and welding fixtures. The TS 16949-certified clients that the SMASL serves receive products.
INDUSTRY OVERVIEW
Unresolved trade disputes and increased international policy uncertainty have worsened the outlook for global growth. The growth forecasts for 2019 have been revised downward for both developed and developing nations. The business mood has deteriorated along with a slump in global commerce, casting a shadow over investment hopes. Major central banks have loosened their monetary policy stances in response to waning economic activity and muted inflationary pressures.
Although temporary factors account for some of the economic deceleration, downside risks are still significant. Long-lasting trade conflicts may have substantial knock-on effects, such as decreased investment and the disruption of manufacturing networks. Recent changes in monetary policy have eased short-term financial strains, but they could also encourage more debt buildup and raise medium-term threats to financial stability. The increased frequency and severity of natural disasters, which reflect the escalating effects of climate change, add to these ongoing macroeconomic risks.
SM Auto IPO Details
| IPO Date | Mar 3, 2020 to Mar 5, 2020 |
| Listing Date | Monday, March 16, 2020 |
| Face Value | ₹10 per share |
| Price | ₹18 per share |
| Lot Size | 8000 Shares |
| Issue Size | 3,840,000 shares of ₹10(aggregating up to ₹6.91 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| P/E (x) | 300 |
| Market Cap (₹ Cr.) | 25.72 |
SM Auto IPO Tentative Dates
| Event | Tentative Date |
| Opening Date | Mar 3, 2020 |
| Closing Date | Mar 5, 2020 |
| Basis of Allotment | Mar 11, 2020 |
| Initiation of Refunds | Mar 12, 2020 |
| Credit of Shares to Demat | Mar 13, 2020 |
| Listing Date | Mar 16, 2020 |
Company Financials
| Particulars | For the year/period ended (Rs in Lakhs) | ||||
| 30-Sept-19 (for 6 months) | 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | ||
| Total Assets | 4,725.75 | 5,332.17 | 5,289.03 | 5,252.40 | |
| Total Revenue | 3,221.67 | 7,630.09 | 6,589.74 | 5,336.30 | |
| Profit After Tax | 4,70 | 265.40 | 84.00 | (173.11) |
Objects of the Issue
The company intends to utilize the proceeds of the Issue to meet the following objects:
1. To meet Working Capital requirements
2. General Corporate Purpose
3. To meet issue expenses
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/
SM Auto IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
SM Auto IPO Lead Manager(s)
- Hem Securities Limited (Past IPO Performance)
