Samvardhana is an integrated design and manufacturing company providing full system solutions to diverse industries. Its main focus is the automotive industry, wherein it supplies components to automotive original equipment manufacturers.
The IPO shall open on 2 May, 2012 and shall close on 4 May, 2012. The company has fixed the price band of the IPO at Rs 113 to Rs 118 per share.
The company intends to use the proceeds from the IPO for funding pre-payment and repayment of debt facilities availed by company and its subsidiaries (with Rs 356 crore); funding strategic investments (with an outlay of Rs 660 crore) and funding investments in rear-view vision systems business (with cost of Rs 164 crore).
Standard Chartered Securities (India) Limited and JP Morgan India Private Limited are book running lead managers to the issue. Link Intime India Private Limited is the registrar.