IPO Issue Details
Issue Price / Price Band₹65 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size2,000 Shares per Lot
Total Issue Size65,46,000 shares (aggregating up to ₹42.55 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenMon, 05 Feb 2018
Subscription CloseWed, 07 Feb 2018
Anchor AllotmentSun, 04 Feb 2018
Basis of AllotmentTue, 13 Feb 2018
Initiation of RefundsWed, 14 Feb 2018
Credit of Shares to DematWed, 14 Feb 2018
Listing DateThu, 15 Feb 2018
UPI Mandate Deadline2018-02-07
Application & Investment Details
Retail — Min (1 Lots)₹1,30,000 — 2,000 shares
Retail — Max (13 Lots)₹1,690,000 (13 Lots)
HNI — Min (2 Lots)₹2,60,000 — 4,000 shares
Net Offer to Public62,12,000 shares (aggregating up to ₹40.38 Cr)
Reserved for Market Maker3,34,000 shares (aggregating up to ₹2.17 Cr)
Pre-IPO Promoter Holding2,11,86,822 shares
Post-IPO Promoter Holding2,42,02,822 shares
Fresh Issue Shares26,82,000 shares (aggregating up to ₹17.43 Cr)
Offer for Sale Shares35,30,000 shares of ₹10 (aggregating up to ₹22.95 Cr)
About Sintercom India Ltd.
Incorporated in 2007, Sintercom India Limited is Pune-based Company engaged in the business of manufacturing sintered metal automotive components of engines, transmissions systems, body chassis and exhaust applications using sintering manufacturing processes. The products manufactured by the company are used in the commercial and passenger vehicles.The main product line of the Company is manufacturing of high strength structural sintered components of Engine and Transmissions.Company mainly caters to the domestic Original Equipment manufacturers (OEM) buyers like Maruti Suzuki Limited, Mahindra & Mahindra Limited, Bajaj Auto Limited and Fiat India Automobiles Private Limited in automotive segment. Company has an in-house dedicated Research & Development team. Company has been developing new products in engines, transmission systems and body chasis for OEMs and Tier-1 customers.
Objects of the Issue
Sintercom India Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 To finance expansion of the plant production capacity at the existing unit.
16.56
2
2 Part repayment of secured and unsecured loan availed by the company
11.50
Shareholding & Lock-in
Pre-IPO Promoter Holding
2,11,86,822 shares
Post-IPO Promoter Holding
2,42,02,822 shares