Categories: IPOStocks

Samvardhana Motherson Finance (SMFL) IPO: Review & Recommendations

The IPO of Samvardhana Motherson Finance (SMFL) opens on May 2, 2012 with a price band of Rs. 113 – 118.

This post is to collect all the recommendations by experts which might help you to take a decision to invest in SMFL IPO.

Brokers	Recommendation	Download Report
SMC	Investor who has high risk appetite can opt for this issue	SamvardhanaMotherson-IPO_SMC
Aditya Birla Money	Avoid	SamvardhanaMotherson-IPO_Adita birla money
Angel Broking	Avoid

Below are the recommendations by various newspapers.

Newspaper	Recommendation	Link
Economic Times	Expensive	Link
Business Standard	only investors with a long term horizon might consider this investment	Link

SMFL Financials:

[table style=”1″]

	FY09	FY10*	FY11	9M’FY12
Net sales (Rs cr)	936	5,061	5,716	6,025
Change (%)	82.1	440.7	12.9	–
Ebitda (Rs cr)	138	377	503	263
Change (%)	89	173.2	33.4	–
Ebitda margin (%)	14.7	7.5	8.8	4.4
Change in bps	–	-720	130	–
Net profit (Rs cr)	58	76	192	-152
Change (%)	–	31	152.6	-179.2
Diluted EPS (Rs)	1.8	1.9	3	–

[/table]

You can look at the SMFL IPO reports from broker houses and newspapers and decide for yourself if you would like to go with SMFL or not!

You can read more about SMFL IPO here.

If you find any other report please let me know through comments section or email me at apnaplan.com@gmail.com

Amit

Hi Readers! I am Amit, the mind behind Apnaplan.com I am MBA from NITIE, Mumbai and BIT from Delhi University. This blog is my online diary where I write about my tryst with my investment decisions. In the 400+ posts on this blog you will find articles on Personal Financial Planning, Investments, Retirement Planning, Insurance, Loans, Fixed Deposits, Provident Funds, Stock Markets, Gold, Silver, Real Estate Investment, Credit Cards, Credit Score, Taxation, Inheritance Planning and Reviews on various Financial Products.