IPO Of Sansera Engineering Limited

Incorporated in 1981, Sansera manufactures complex and critical precision engineered components and caters across automotive and non-automotive sectors. The company manufactures and supplies a wide range of precision forged and machined components and assemblies which are critical for the two-wheeler, passenger vehicle, and commercial vehicle verticals for the automotive sector. For the non-automotive sector, the company manufactures and supplies a wide range of precision components for aerospace, off-road, agriculture, and other segments. The company mostly supplies forged & machined products to OEM’s.

 

For FY’21, the Automotive sector contributed 88.45% and non-automotive 11.45% of the revenue. The company derives around 65% of its revenue from India and the rest 35% from other countries. The company is one of the major suppliers of connecting rods globally. The company has 15 manufacturing plants across India of which 9 are in Bangalore.

 

Competitive strengths

• Leading supplier of complex and high-quality precision engineered components across automotive and non-automotive sectors which are poised to grow strongly.
• A well-diversified portfolio of segments, products, customers, and geography.
• Strong Engineering & Designing capabilities.
• Strong relationships with respected Indian and Global OEM’s.
• Strong financial performance.
• Skilled and experienced management team.

Company Promoters:

S Sekhar Vasan, F R Singhvi, Unni Rajagopal K and D Devaraj are the company promoters.

 

Company Financials:

Summary of financial Information (Restated Consolidated)

Particulars	For the year/period ended (₹ in millions)
	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	19,288.83	18,282.36	17,454.84
Total Revenue	15,723.64	14,731.39	16,408.09
Profit After Tax	1,098.60	799.05	980.64

 

 

Objects of the Issue:

The objects of the Offer are;

• To carry out the Offer for Sale of up to 17,244,328 Equity Shares by the Selling Shareholders; and
• achieve the benefits of listing the Equity Shares on the Stock Exchanges.

The Sansera Engineering IPO open date is Sep 14, 2021, and the close date is Sep 16, 2021. The issue may list on Sep 24, 2021.                   

IPO Open Date	Sep 14, 2021
IPO Close Date	Sep 16, 2021
Basis of Allotment Date	Sep 21, 2021
Initiation of Refunds	Sep 22, 2021
Credit of Shares to Demat Account	Sep 23, 2021
IPO Listing Date	Sep 24, 2021

Sansera Engineering IPO Lot Size

The Sansera Engineering IPO market lot size is 20 shares. A retail-individual investor can apply for up to 13 lots (260 shares or ₹193,440).

Application	Lots	Shares	Amount (Cut-off)
Minimum	1	20	₹14,880
Maximum	13	260	₹193,440

Sansera Engineering IPO Promoter Holding

Pre Issue Share Holding	43.91%
Post Issue Share Holding	36.56%

 

 

Sansera Engineering IPO Details

IPO Opening Date	Sep 14, 2021
IPO Closing Date	Sep 16, 2021
Issue Type	Book Built Issue IPO
Face Value	₹2 per equity share
IPO Price	₹734 to ₹744 per equity share
Market Lot	20 Shares
Min Order Quantity	20 Shares
Listing At	BSE, NSE
Issue Size	17,244,328 Eq Shares of ₹2 (aggregating up to ₹1,282.98 Cr)
Offer for Sale	17,244,328 Eq Shares of ₹2 (aggregating up to ₹1,282.98 Cr)
Employee Discount	36

 

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