May 31, 2025
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SMPP ltd IPO GMP, Details, Guidance, Subscription Status, allotment @ Chanakyanipothi.com
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Table of Contents
- GMP
- Reviews
- Subscription
- Allotment
What is the latest news relating to SMPP ltd IPO?
The IPO has received sebi nod on 16 January 2025 and now the company is expected to enter the market in the month of June 2025. The size is expected to be Rs. 4000 Crore.
SMPP ltd IPO Subscription Status
|
Price Rs. Lot ? shares, Net Rs. ? Crore | |||||
| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| Applications: / (?x) Amount wise Bids recd. Rs. ? Crore | |||||
Who are the promoters of SMPP ltd IPO?
Dr. Shiv Chand Kansal, Dr. Madhu Kansal and Ashish Kansal are the Promoters of the Company.
Dr. Shiv Chand Kansal is one of the Promoters and the Chairman and Managing Director of the Company. He has been associated with the Company as a Director since incorporation. He has over 33 years of experience in the defence manufacture industry with our Company.
Dr. Madhu Kansal is one of the Promoters and a Whole-time Director of our Company. She oversees people and finance management functions of the Company.
Ashish Kansal is one of the Promoters and was appointed as a Whole-time Director and the Chief Executive Officer of the Company with effect from August 17, 2024. He is the co-chair of FICCI defence & homeland security, chair of FICCI sub group on defence exports under the FCCI defence and HLS committee. Further, he is an elected as an executive council member of Society of Indian Defence Manufacturers. He holds a bachelor’s degree in textile technology from the Indian Institute of Technology, Delhi and a master’s degree in science from the Georgia Institute of Technology. He has over 20 years of experience in the defence manufacture industry with the Company.
What are the Objects of SMPP ltd IPO?
The Company proposes to utilize the Net Proceeds towards funding the following objects
- financing the capital expenditure towards construction of buildings and land development, and procurement of plant and machinery for setting up the Planned Ammunition Manufacturing Facility (“Ammunition Project”) through investment in SMPP Ammunition Private Limited, its Subsidiary; and
- general corporate purposes.
What is the business of SMPP ltd?
SMPP ltd is an Indian designer and manufacturer of defence equipment including ammunition components, personal protection products and protection kits for land, air and sea platforms.
It has developed a portfolio of mission critical products of national importance that cater to the safety and survivability equipment requirements of the armed forces, police, paramilitary and other security forces. Its ammunition component offerings currently comprise combustible cartridge cases, which it has been manufacturing for tank and artillery ammunition since 1992.
Its protection products consist of personal protection products including bullet resistant jackets, armor plates, ballistic helmets and shields customized for armed forces, police, paramilitary and other security forces, and platform protection kits which are designed to provide protection for vehicles, patrol boats, aircrafts and helicopters in combat situations including counter insurgency and anti-terror operations.
The company aims to develop products incorporating advanced technology, innovative materials and processes in order to provide enhanced protection, reduce weight and optimize ergonomics for the end user. It commenced its operations in 1985 as a manufacturer of biodegradable packaging using a vacuum moulding process with recycled materials such as cardboards, newspapers and books and subsequently extended the application of this process for manufacturing combustible cartridge cases using in-house developed moulds and machines.
It has an established track record of supplying defence products to the Indian armed forces with an experience in handling military grade explosives for over three decades.
Boron carbide is one of the hardest and light weight materials and its products are especially suitable for light armor solutions. It is the market leader in India of personal ballistic protection products made of composites, in terms of value of domestic government orders awarded in Fiscal 2024. It has been exporting its personal protection products since 2008 and has supplied its products to customers across 23 countries in Europe and Asia between April 1, 2021 and June 30, 2024.
For more information, click www.smgroupindia.com
SMPP ltd IPO GMP, Particulars & Guidance
SMPP ltd IPO Details
| Sector: | |
| IPO opens on | 2025 |
| IPO closes on | 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | ? Shares / Rs 4000 Crore |
| * Fresh Issue | – Shares / Rs 580 Crore |
| * Offer for Sale | ? Shares / Rs 3420 Crore |
| Face Value per share: | Rs. 2 |
| Price Band | Rs? |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | ? Shares |
| Listing will at | BSE, NSE |
Shares offered in SMPP ltd IPO?
| Category | Shares | Rs. in Crore |
| QIB (50 %) | ||
| NII (15 %) | ||
| RII (35 %) | ||
| Employees | ||
| Total Shares | ||
| Retail portion will be oversubscribed by | ? Forms. | |
| How to apply in this IPO? | Amount Rs. |
|
| Min Retail Application | Shares | |
| Max Retail Application | ? Shares | |
| Small HNI (Min) application | ? Shares | |
| Small HNI (Max) application | ? Shares | |
| Big HNI Application | ? Shares | |
SMPP Ltd IPO Timetable
| IPO opens on | 2025 |
| IPO Closes on | 2025 |
| IPO Allotment on | 2025 |
| Unblocking of Asba | 2025 |
| Credit of Shares | 2025 |
| Listing of Shares | 2025 |
| Registered Office of the company Sunilaya Railway Road, Sangrur 148 001, Punjab, India |
|
| Who are the Lead Managers of SMPP ltd IPO? Axis Capital Limited ICICI Securities Limited IIFL Securities Limited JM Financial Limited Motilal Oswal Investment Advisors |
|
| Registrar to IPO | |
| Link Intime India Pvt ltd |
SMPP ltd IPO Key Financials & Ratios
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. in Cr | Rs.in Cr | Rs. | % | |
| 2021-22 | 376.92 | 87.74 | 1.46 | 38.32 |
| 2022-23 | 367.82 | 92.61 | 1.54 | 28.80 |
| 2023-24 | 536.90 | 146.53 | 2.44 | 31.26 |
| Book Value of the Share on 31.03.2024 |
7.81 | |||
| BV of the Share after the IPO |
Rs. | ? | ||
| Offer Price at Cap | Rs. | ? | ||
Key Indicators
| Price /EPS | ? |
| Price/Book Value Ratio | ? |
| Price/BV after IPO | ? |
How SMPP ltd IPO compares with the Peers?
Peer Comparison.
| As on date of DRHP | FV | Total Income | PE |
| Rs. | In Crore | Ratio of | |
| SMPP ltd | 2 | 516 | ? |
| Premier Explosives | 2 | 272 | 99.39 |
| HAL ltd | 5 | 30381 | 39.55 |
| BEL ltd | 1 | 20268 | 52.39 |
| Solar Industries | 2 | 6070 | 122.25 |
| Data Patterns | 2 | 520 | 75.00 |
| MTAR Technologies | 10 | 581 | 97.69 |
| Astra Microwave | 2 | 909 | 65.93 |
| Bharat Dynamics | 5 | 2369 | 71.12 |
# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
SMPP ltd IPO Guidance by Paresh Gordhandas, CA & Research Analyst.
We will provide our IPO review once the price band, lot and latest results are announced.
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