Price band announced as Rs 113-118
Samvardhana Motherson 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 price band is Rs 113-118. The issue comprises a fresh issue of Rs 1,344 crs and an offer for sale of Rs 321 crs. The total issue size is Rs 1,665 crs. There is a reservation of 5% of the total issue for shareholders of MothersonSumi Systems Limited.
The market capitalisation of the company at the lower end of the price band would be Rs 7,016.83 crs and would be Rs 7,253.64 crs at the upper end of the price band.
There would be an anchor investor allocation being done on Monday the 30th of April and the issue would be analysed on Tuesday/Wednesday before the issue opens.