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Samvardhana Motherson Finance To Issue IPO & Raise Rs. 1665 Crore

Samvardhana Motherson Finance (SMFL), a component supplier company to Automobile industry is planning to raise 1, 665 crore through Initial Public Offer. This company currently markets its products to clients like Volkswagen group, BMW, Daimler, Renault, Nissan, Ford India, Volvo Car Corporation, Maruti Suzuki, Tata Motors, Honda Siel Cars India, Toyota, Kirloskar Motor and Fiat India Automobiles.

Samvardhana Motherson Logo

Samvardhana Motherson

It has presence in 25 countries in marketing and distribution sector; manufacturing and construction facilities are in progress in India, Brazil, Mexico, Spain and Thailand. Price band will be decided by the company and selling shareholders in consultation with Standard Chartered Securities (India) Limited and J P Morgan India Private Limited, the book running lead managers.

IPO will be open for subscription on May 2nd and will close in May 4th, 2012. If you are interested, do check out the details about this company and keep investing, keep earning!

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