Sintercom IPO

Sintercom IPOBusiness description - Sintercom is a manufacturer of sintered metal products, machining and assembly of metal components and is currently engaged in the business of manufacturing sintered metal automotive components of engines, transmissions systems, body chassis and exhaust applications using sintering manufacturing processes. The company’s products are used in the commercial and passenger vehicles. The company was incorporated in the year 2007 and subsequently the commercial production started in 2009, from manufacturing plant situated at Gat No. 127, at Post Mangrul, TalukaMaval, (Talegaon-Dabhade) Pune-410507, Maharashtra which is spread over 42,189.06 sq. feet and comprises of registered office, out of total area of 215278.00 sq. feet.

It started the business by selling its product Hego Bosses to Tier-1 automotive exhaust system manufacturing companies in India and globally. The company mainly caters to the domestic OEM buyers in automotive segment, resulting into 87.98% and 79.74% of revenue from operations for the period ended 30 September 2017 and year 2017 respectively. Currently, it caters to OEMs like Maruti Suzuki Limited, Mahindra & Mahindra Limited, Bajaj Auto Limited and Fiat India Automobiles Private Limited. It has an in-house dedicated Research & Development team and has been developing new products in engines, transmission systems and body chassis for OEMs and Tier-1 customers. The main product line of the Company is manufacturing of high strength structural sintered components of Engine and Transmissions.

Promoters of Sintercom – Jignesh Raval, BRN Industries Limited and Miba Sinter Holding GmbH & Co KG
Sintercom IPO details
Subscription Dates 5 - 7 February 2018
IPO Price band INR63 - 65 per share
Fresh issue 3,016,000 shares (INR19 - 19.6 crore)
Offer for sale 3,530,000 shares (INR22.24 - 22.95 crore)
Total IPO size 6,546,000 shares (INR41.24 - 42.55 crore)
Minimum bid (lot size) 2,000 shares 
Face Value  INR10 per share
Retail Allocation 50%
Listing On NSE Emerge SME platform
Use of funds
  • To finance expansion of production capacity at existing unit at Talegaon-Dabhade - INR16.56 crore
  • Part repayment of secured and unsecured loan - INR11.50 crore
  • Working capital requirements - INR3 crore
  • General Corporate Expenses 
Sintercom's financial performance (in INR crore)
  FY2013 FY2014 FY2015 FY2016 FY2017 H1 FY2018
Total revenue 44.54 46.25 49.44 63.33 66.00 36.26
Total expenses 44.37 46.09 49.34 59.70 62.08 33.26
Profit after tax 0.10 0.13 0.09 0.69 1.63 2.89
Sintercom India's Contact Details

Sintercom India Limited
Gate No. 127, At Post Mangrul
Taluka Maval, Talegaon Dabhade
Pune – 410 507

Phone: +91 2114 661200
Email: investor@sintercom.co.in
Website: www.sintercom.co.in

Sintercom India IPO Subscription Details
Day Subscription (no. of times)
Day 1 0.29
Day 2 1.12
Day 3 51.29
Sintercom India Valuation (Latest FY)

Earnings Per Share (EPS): INR0.85

Price/Earnings (P/E) ratio: 74.11 - 76.47

Return on Net Worth (RONW): 4.10%

Net Asset Value (NAV): INR20.76 per share

Registrar of Sintercom India IPO

Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai - 400 083

Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: sintercom.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Sintercom India IPO Allotment Status

Sintercom IPO allotment status is now available on Link Intime's website. Click on this link to get allotment status.

Listing performance of Sintercom India

IPO Opening Date: 5 February 2018

IPO Closing Date: 7 February 2018

Listing Date: 15 February 2018

Listing Price on NSE SME: INR 78 per share (up 20% from IPO price)

Closing Price on NSE SME: INR 78 per share (up 20% from IPO price)

Sintercom IPO
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5 thoughts on “Sintercom IPO

  • February 4, 2018 at 10:58 PM
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    In current market conditions; better to save money rather than taking Risk !!

    Reply
  • February 4, 2018 at 8:08 AM
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    Sintercom got 12 crore from anchor investors!!

    Reply
  • January 30, 2018 at 11:21 AM
    Permalink

    Yeah, who does business of 66 cr and get only 1.6 cr in return. Very small profits for all these years and suddenly it is all good. The books are obviously cooked up!!

    Reply
    • January 30, 2018 at 12:14 PM
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      They think investors are fools!

      Reply
  • January 30, 2018 at 11:12 AM
    Permalink

    Sintercom in good field but their performance is rubbish.

    Reply

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