Samvardhana Motherson Finance Ltd (SMFL) has withdrawn its Rs 1665.00 Crore IPO due to poor response from investor from all categories of investors
 
SMFL public issue subscribed 0.23 times on its final day of subscription. QIB quota of the IPO subscribed with bids received for 57% shares. The response in Non Institutional, Retail Individual and Employee Reservation quota was horribly frail with less than 1% subscription

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

QIB: 0.23 times
Non-Institutional Investors: 0.00 times
Retail: 0.00 times
Employees: 0.00 times
Overall: 0.09 times

Samvardhana Motherson Finance Limited (SMFL) is coming up with an IPO of Equity Shares having Face Value of Rs.10/- each, which opens for subscription from May 02, 2012. The IPO would be open for subscription till May 04, 2012

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.

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