Samvardhana Motherson To Raise R1665Cr Through An IPO
Samvardhana Motherson Finance Limited has filed DRHP to raise R1665Cr, which includes a fresh issue of R1344Cr and an offer for sale of R321Cr by Radha Rani Holdings Pte Limited.
The funds raised through fresh issue will be used to fund pre-payment and repayment of debt facilities availed by company and its subsidiaries (R356Cr); funding strategic investments (R660Cr) and funding investments in rear-view vision systems business (R164Cr).
The IPO will open for subscription on May 2 and close on May 4, 2012.
Standard Chartered Securities (India) Limited and JP Morgan India Private Limited are book running lead managers to the issue.
Promoted in 2004 by Vivek Chaand Sehgal, Renu Sehgal and Laaksh Vaaman Sehgal , Samvardhana is an integrated design and manufacturing company providing full system solutions to diverse industries. It has 120 manufacturing facilities, including 48 manufacturing facilities outside India with presence in 25 countries across the world.
The company is in process of establishing new manufacturing facilities in India, Brazil, Mexico, Spain and Thailand.
The company currently supplies components to automotive OEMs namely Volkswagen group, BMW, Daimler, Renault, Nissan, Ford India, Volvo Car Corporation, Maruti Suzuki, Tata Motors, Honda Siel Cars India, Toyota, Kirloskar Motor and Fiat India Automobiles.
Its listed peers include Bharat Forge Ltd, Bosch Limited among others.
The promoter of Radha Rani Holdings is JSRR Holdings (M) Pvt. Limited, a company incorporated under the laws of Mauritius, which wholly owns and controls Radha Rani Holdings. JSRR Holdings (M) Pvt. Limited is wholly owned and controlled by JBJ Development Inc., a company incorporated under the laws of British Virgin Islands.
JBJ Development Inc. is wholly owned and controlled by JBJK Growth Trust, a discretionary irrevocable trust established under the laws of British Virgin Islands. The trustee of JBJK Growth Trust is Pollux Trustee Services Limited; a company incorporated under the laws of Switzerland and is managed and controlled by its board of directors. The sole beneficiary of JBJK Growth Trust is Vivek Chaand Sehgal.
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|2012-05-03||Samvardhana Motherson - Anchor Investment||Private Equity||
Monetary Authority of Singapore
GIC Special Investments Pte Limited
Birla Sun Life Asset Management Company Limited
Ivy Pacific Opportunities Fund
First State Investments (Hongkong) Limited
Royal Bank of Scotland
|2012-04-25||Samvardhana Motherson - IPO||IPO / Offerings||315.88|
|2009-08-24||Motherson Advanced - Samvardhana Motherson Finance||M&A||
Samvardhana Motherson Finance Limited
|Samvardhana Motherson Finance Limited||Sector Agnostic||Vivek Chand SehgalAshok TandonSushil Chandra TripathiBimal DharChandra Shekhar PandaHiroto MuraiLaksh Vaaman SehgalHiroshi Morimoto|
|Samvardhana Motherson Finance Limited||
Laksh Vaaman Sehgal
Vivek Chaand Sehgal
|2nd Floor, F-7, Block B-1, Mohan Cooperative Industrial Estate, Mathura Road||www.motherson.com|
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