Samvardhana Motherson Finance Limited (SMFL) IPO Update
- Issue Open: May 02, 2012
- Issue close: May 04, 2012
- Price Band: Rs. 113 - Rs. 118 Per Equity Share
- Minimum Bid Size: 50 Equity Shares
- Face Value: Rs. 10 Per Equity Share
- Issue Type: 100% Book Building
- Maximum Subscription Amount for Retail Investor: Rs. 200000
Samvardhana Motherson Finance Limited ICRA Grading
Grade 4 which means 'Above Average Fundamentals'.
Verdict
Avoid unless you are a HNI who need not worry for money.
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