Business 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 ExpensesÂ
| Sintercom’s financial performance (in INR crore) | ||||||
| Â | 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: [email protected]
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: [email protected]
Website:Â 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 in good field but their performance is rubbish.
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!!
They think investors are fools!
Sintercom got 12 crore from anchor investors!!
In current market conditions; better to save money rather than taking Risk !!