Monday, April 23, 2012

Samvardhana IPO to open on May 2nd

SMFL is entering in the capital markets with an initial public offering, IPO of Rs 1413 Crore. The price band for the issue has not been fixed yet.

Incorporated in 2004, Samvardhana Motherson Finance Limited (SMFL) is a multinational business with manufacturing and design capabilities providing full system solutions to diverse industries. SMFL provides an end-to-end range of design and manufacturing solutions to the automotive customers, including product concept and product design, engineering, manufacturing, sub-assembly and the production of integrated modules.

The issue opens on May 02, 2012 and closes for subscription on May 04, 2012. The equity shares of the issue are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Visit SMFL IPO Detail page for more detail.