Subject to Report: as on 05 Feb 2018 at 11.00 :INR NIL
Short Company Details:
Pune-based , Sintercom India Limited (Incorporated in 2007)is engaged in the business of manufacturing sintered metal automotive components of engines, transmissions systems, body chassis and exhaust applications using sintering manufacturing processes. Its products are used in the commercial and passenger vehicles.
The company caters to the domestic OE manufacturers eg Maruti Suzuki Limited, Mahindra & Mahindra Limited, Bajaj Auto Limited &Fiat India Automobiles Private Limited etc.The company has an in-house R & D team. Now the company is developing new products in engines, transmission systems and body chasis
Mr. Jignesh Raval, (Aged 47 years)
BRN Industries Limited and Miba Sinter Holding ltd are the corporate promoters of the company.
Main Objects of the fresh Issue
1. To finance expansion of production capacity at existing unit
2. Part repayment of secured and unsecured loan availed by the Company.
3. Funding the working capital requirements of the Company
Issue Opens on : Feb 5, 2018
Issue Closes on Feb 7, 2018
Issue Type: Fixed Price Issue IPO
Issue Size: 6,546,000 Equity Shares of Rs 10 aggregating up to Rs 42.55 Cr Face Value: Rs 10 Per Equity Share
Issue Price: Rs 63-65 Per Equity Share
Market Lot: 10000 Shares
Minimum Order Quantity: 2000 Shares
Listing At: NSE SME
Allotment: On Feb 12, 2018
Refunds: On Feb 13, 2018
Credit of Equity Shares : On Feb 14 2018
Listing at the Stock Exchanges: On Feb 15, 2018
The Revenue/Net profit for 2016-17 are Rs. 66.01 cr. / Rs. 1.63 crores. For last three fiscals it has posted steady rise in the turnover and an average EPS of Rs. 0.55 and an average RoNW of 2.69% on Equity capital of INR 19.19 crores. The asking price is at a P/E of around 37 plus.Issue is priced at a P/BV of 2.92 on the basis of its NAV of Rs. 22.27 as on 30.09.17
Sintercom India Limited
Gat No. 127, At Post Mangrul,
Taluka Maval, Talegaon Dabhade,
Pune 410 507
PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED .
Out of last 10 listings, 1 opened around par and the rest with premiums ranging from 1% to 130% on the day of listing.
Regitrar to the IPO:
Link Intime India Private Ltd,
Kabir`s Belief: IPO is reasonably priced and has less scope for speculative listing due to overall weakness of the market.
NII Shares,Bids recd for
RII Shares,Bids recd for
Total Shares,Bids Recd for