The IPO from SamvardhanaMotherson Finance Limited (SMFL) which had tapped the capital markets to raise Rs 1,665 crs was withdrawn at the end of the 3rd Day after receiving very poor response to the issue. The issue was subscribed under a fourth and almost all of the same came from QIB’s. The HNI, Retail and [...]
Archive for the ‘IPO’ Category
Samvardhana Motherson Finance: Expensive, Makes sense to invest in subsidiary MothersonSumi Systems Limited
May 2nd, 2012
No Comments
SamvardhanaMotherson Finance Limited (SMFL) is tapping the capital markets with its IPO which opens on Wednesday the 2nd of May and closes on Friday the 4th of May. The issue comprises of a fresh issue of Rs 1,344 crs and an offer for sale of Rs 321 crs. The price band is Rs 113-118. The [...]
Samvardhana Motherson Finance: Completes Anchor Allocation
May 2nd, 2012
No Comments
Samvardhana Motherson Finance Limited which is tapping the capital markets with its IPO completed allocation to anchor investors at a price of Rs 115 today. The IPO consists of a fresh issue of shares for Rs 1,344 crs and an offer for sale of Rs 321 crs, making a total of Rs 1,665 crs. [...]
