Tag: Auto components
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Varroc Engineering IPO – An Auto-matic BUY
25th June 2018 Mid Cap of Rs. 13,000 cr. Industry – Auto Ancillary; IPO Opens 26-28th June at Rs. 965-967 Valuations: P/E 28.9 times TTM Advice: SUBSCRIBE Summary of Report Overview: Varroc Engineering is a global tier-1 auto component firm. They design, make and supply exterior lighting systems, plastic and polymer, electricals-electronics and precision metallic…
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Endurance Technologies (IPO) – the Firm has Stamina
Date: 04th Oct 2016 IPO Period: 5th-7th October, IPO Price range: Rs. 467-472 Sector: Auto Components MidCap: Rs 6,639 cr. Mkt cap Advice: Investors may BUY with a 1 year perspective. Summary Overview: ETech is the largest 2 and 3-wheeler auto component manufacturer in India, with 25 plants across India, Italy and Germany. ETech had…
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SMFL IPO: Complex Auto Conglomerate, Retail can Avoid
Date: May 3, 2012 Offering: IPO is of Price Range Rs 113-118, available from May 2-4 Description: SMFL is a mid sized Auto ancilliary firm with a complex Private Equity style business model Opinion: Retail investors need to avoid the IPO SMFL – Description and Profile Samvardhana Motherson Finance is into Auto components design/ manufacture.…
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