SM Auto Stamping Limited subscription period from March 3 to March 5, 2020:
SM Auto Stamping Limited embodied in 2006, at Nashik. The company involved producing precision sheet metal stamping and deep dram components. The IPO subscription period will start on March 3 and it will end on March 5, 2020.
|Bid Period||March 3 to March 5, 2020|
|IPO Type||Fixed Price Issue IP|
|IPO Size||3,840,000 eq shares of Rs 10 (aggregating up to Rs 6.91 cr)|
|Face Value||Rs 10 Per Eq Share|
|IPO Price||Rs 18 Per Eq Share|
|Market Lot||8000 Shares|
|Minimum Order Quantity||8000 Shares|
|Listing At||BSE SME|
It is a ‘Fixed Price Issue’ IPO with the face value of Rs 10 per equity share. The size of the issue is 3,840,000 equity shares with an aggregating up to Rs 6.91 crore. Moreover, the price of the IPO is Rs 18 per equity share.
Mr. Mukund Narayan Kulkarni, Mr. Suresh Gunwant Fegde and Mrs. Alka Mukund Kulkarni act as promoters for this IPO.
|Pre Issue Share Holding||100%|
|Post Issue Share Holding|
The minimum amount of investment should be Rs 144,000 for a single lot (1 lot= 8000 shares). The SM Auto IPO will be listed in BSE SME. The company plans to utilize the raised amount for existing capital requirements, IPO expenses, and general corporate purposes.
Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building,
Opp. Vansant Oasis, Makwana Road,
Marol, Andheri(E), Mumbai – 400 059
Phone: +91-22-6263 8200
Disclaimer: This post is just information about the IPO. It does not give any advice or recommendation. Please read the offer document carefully and consult your advisor before investing.