Samvardhana Motherson Finance Ltd IPO - May 04, 2012

Issue Price: Rs. 113 - Rs. 118 Per Equity Share

Issue Detail:
»» Issue Open: May 02, 2012 - May 04, 2012
»» Issue Type: 100% Book Built Issue IPO
»» Issue Size: Equity Shares of Rs. 10
»» Issue Size: Rs. 1,665.00 Crore
»» Face Value: Rs. 10 Per Equity Share
»» Market Lot: 50 Shares
»» Minimum Order Quantity: 50 Shares
»» Listing At: BSE, NSE

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 business portfolio includes wiring harnesses, rearview mirrors, molded plastic parts, injection molding tools, assemblies and modules, elastomer products, cutting tools and thin film coating metals, IT services, design engineering, cabins for off-highway vehicles, HVAC/ air conditioning systems for automobiles, lighting systems, air intake manifolds, air compressors, paint coating equipment, auxiliary equipment for injection molding machines and automotive manufacturing engineering services.

The major customers of the company include the five largest automotive OEM manufacturers in the world, as well as the largest automotive OEM manufacturer in India. SMFL has 90 manufacturing facilities with a presence in 23 countries across the world, including 23 locations outside India and the company is in the process of establishing new manufacturing facilities in India, Brazil and Thailand.

Company Financials:

Particulars	For the year/period ended (in Rs. Million)
	31-Mar-11	31-Mar-10	31-Mar-09
Total Income	405.9	233.0	122.8
Profit After Tax (PAT)	131.1	64.1	99.0

Objects of the Issue:
The object of the issue are to:
1. Funding pre-payment and repayment of debt facilities availed by company and its subsidiaries;
2. Funding strategic investments;
3. Funding investments in rear-view vision systems business;
4. General corporate purposes.