SME IPO of Sintercom India to open on Feb 5

Sintercom India Limited on Monday announced the launch of its NSE Emerge SME initial public offer (IPO). The issue is scheduled to be open for subscription between February 5 to 7, 2018 with a price band of Rs. 63 to Rs. 65 per equity share of face value of Rs. 10 each.

The minimum bid lot is 2,000 equity shares and in multiples of 2,000 equity shares, thereafter.

The issue consists of a Fresh Issue of 30,16,000 equity shares of face value of Rs.10 each and an offer for sale upto 10,31,213 equity shares by Victora Stock-Invest Private Limited and upto 24,98,787 Equity Shares by Maurill Industries.

The offer includes a reservation of upto 50,000 equity shares for subscription by the eligible employee and upto 3,34,000 equity shares will be reserved for subscription by the market maker.

Pantomath Capital Advisors Private Limited is the Book Running Lead Manager to the offer whereas the registrar to the offer is Link Intime India Pvt Ltd.

Sintercom is currently engaged in the business 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.