IPO Centre     15-Sep-21
IPO News
Sansera Engineering IPO subscribed 1.02 times
The offer received bids for 1.23 crore shares as against 1.21 crore shares on offer.

The initial public offer (IPO) of Sansera Engineering received bids for 1.23 crore shares as against 1.21 crore shares on offer on Wednesday (15 September 2021), according to stock exchange data at 17:00 IST. The issue was subscribed 1.02 times.

The issue opened for bidding on Tuesday (14 September 2021) and it will close on Thursday (16 September 2021). The price band of the IPO was fixed at Rs 734 - 744 per share. An investor can bid for a minimum of 20 equity shares and in multiples thereof.

The IPO will be complete offer for sale (OFS) of Rs 1,282.98 crore by existing shareholders - Client Ebene, CVCIGP II Employee Ebene, S Sekhar Vasan, Unni Rajagopal K, F R Singhvi and D Devaraj.

The company will not directly receive any proceeds from the offer, and all the offer proceeds will be received by the selling shareholders, in proportion to the offered shares sold by them.

The Promoters and promoter group hold an aggregate of 2,25,58,375 equity shares, aggregating to 41.98% of the pre-offer issued and paid-up equity share capital. The post IPO shareholding for the same is expected to be around 34.96%.

Ahead of the IPO, Sansera Engineering on 13 September 2021 finalized allocation of 51,35,162 equity shares to anchor investors at an allocation price of Rs 744 per share, aggregating to Rs 3,82,05,60,528.

Sansera Engineering is an engineering-led integrated manufacturer of complex and critical precision engineered components across automotive and non-automotive sectors. Within the automotive sector, company manufacture and supply a wide range of precision forged and machined components and assemblies, such as connecting rod, rocker arm, crankshaft, gear shifter fork, stem comp, and aluminium forged parts, that are critical for engine, transmission, suspension, braking, chassis and other systems for the two-wheeler, passenger vehicle and commercial vehicle verticals.

The company reported a consolidated net profit of Rs 107.99 crore and total income of Rs 1,549.27 crore in the twelve months ended 31 March 2021.

Previous News
  Sansera Engineering consolidated net profit rises 10.80% in the September 2021 quarter
 ( Results - Announcements 11-Nov-21   08:16 )
  Sansera Engg. to table results
 ( Corporate News - 06-Nov-21   18:02 )
  Sansera Engineering to make strategic investment in MMRFIC Technology
 ( Hot Pursuit - 30-Mar-23   10:30 )
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  Sansera Engineering grants 42,500 stock options under ESOP
 ( Corporate News - 15-Nov-24   13:37 )
  Sansera Engg. to announce Quarterly Result
 ( Corporate News - 01-Nov-22   18:01 )
  Sansera Engg gains on launching QIP; floor price at Rs 1,635.48/share
 ( Hot Pursuit - 11-Oct-24   12:15 )
  Sansera Engg. to announce Quarterly Result
 ( Corporate News - 04-Nov-24   18:09 )
  Sansera Engineering allots 2.01 lakh equity shares under ESOP
 ( Corporate News - 15-Nov-24   13:40 )
  Sansera Engg. to announce Quarterly Result
 ( Corporate News - 12-May-23   16:26 )
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