SM Auto Stamping Share Price

SM Auto Stamping Limited was originally incorporated as a private limited company as SM Auto Stamping Private Limited on August 14, 2006. Further, Company was converted into a public limited Company and the name was changed to SM Auto Stamping Limited on December 19, 2019.Company is in business of designing and manufacturing of sheet metal components and subassemblies requirements of automobile parts/equipment manufacturers. Range of product primarily covers sheet metal pressed components for clutches, brakes, engine mountings, chassis, shaft drive, body trims, bearings etc. which are used in passenger cars, commercial vehicles and tractors. Their products such as deep drawn components and control panel components also find application in electrical equipments industry. The Company has an inhouse RD set up for different processes involved in the manufacturing of products, it works a high precision Tool Room at Plants at Ambad MIDC, Nashik related to designing and development of various products undertaken. Apart from this, the Company has three manufacturing units, all ideally located at Nashik, Maharashtra. Apart from manufacturing, it provide job work services in respect of blanking and forming process on metal components. Presently, the Company has installed capacity of 6,230 MT p.a. for manufacturing of automotive components.The Promoters, Mr. Milind Kulkarni and Mr. Suresh Fegde promoted a partnership firm, M/s Spam Fab Technocrats in 1995 for engaging in job work of sheet metal components. Later, another partnership firm in the name of M/s SM Industries was also formed by the same promoters in 1998 to carry on the manufacturing and job work of press parts. Subsequently, the Company in the name of SM Auto Stamping Private Limited was incorporated in 2006 which took over both the partnership firms in 2007. The Company acquired a factory unit in Ahmad District of Nashik in 2007. In 2017, the Company acquired 55.01% stake in SM Autovision Private Limited through allotment of equity shares, making it a Subsidiary Company. Similarly, it acquired 20.45% more shareholding in SM Autovision Private Limited, thereby making total shareholding of 75.46% in SM Autovision Private Limited in 2018 and in 201920, the Company sold 27.46% stake in SM Autovision Private Limited on November 27, 2019, which ceased to be a subsidiary of the Company.In 201920, the Company installed ETP project required for purification of wastage water Used for watering the trees at the plant level.In March 2020, the Company raised money through IPO by issuing 38,40,000 Equity Shares of Rs 10, aggregating to Rs 6.91 Crores.Company has increased electrical engineering and electronics product from SIEMENS, Nashik in FY25.