Samvardhana Motherson Finance Limited (SMFL) is coming up with its Rs 1665 crore IPO today on 2nd May 2012. This would be the biggest IPO of any private company in the year 2012.Company has fixed its IPO price band at Rs 113 to Rs 118. The IPO will close on 4th May 2012.
According to Bazar sources SMFL IPO will be the biggest private sector IPO after the JSW Energy Rs 2700 crore IPO which came in December 2009.
This year it will be the first IPO which is going to collect more than Rs 1500 crore from the Primary Market.
SMFL already collected Rs 222 crore from its anchor investors.
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