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Jan 29, 2018 05:42 PM IST | Source: Moneycontrol.com

Sintercom India SME IPO to open on February 5, price band at Rs 63-65 per share

The issue will close on February 7 and the anchor allocation is scheduled a day before the issue open i.e. February 2.

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Automotive component maker Sintercom India will open its NSE Emerge SME initial public offering for subscription on February 5, with a price band of Rs 63-65 per share.

The initial public issue of 65,46,000 equity shares consists of a fresh issue of 30,16,000 equity shares and an offer for sale upto 10,31,213 equity shares by Victora Stock-Invest Private Limited and up to 24,98,787 equity shares by Maurill Industries Limited.

The offer also includes a reservation of upto 50,000 shares for eligible employee and upto 3,34,000 shares for subscription by Market Maker.

The issue will close on February 7 and the anchor allocation is scheduled a day before the issue open i.e. February 2.

Pantomath Capital Advisors Private Limited is the book running lead manager to the offer while the registrar to the offer is Link Intime India Private Limited. Equity shares are proposed to be listed on SME Platform of NSE Emerge.

Incorporated in the year 2007, Sintercom is engaged in manufacturing of sintered metal products, machining, and assembly of metal components and 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.

Currently, Sintercom caters to OEMs like Maruti Suzuki Limited, Mahindra & Mahindra Limited, Bajaj Auto Limited, and Fiat India Automobiles Private Limited.
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