As India enters the festive season, auto sales are expected to pick pace. Interestingly, just ahead of the festivities, auto component maker Sansera Engineering is launching its IPO.
We bring you all the key details about the latest public issue.
Key details
- IPO size: ₹1,283 crore
- Fresh issue: NA
- Offer for sale: ₹1,283 crore
- Price band: ₹734-₹744
- Lot size: 20
- Cost per lot: ₹14,880
- Issue opens: 14 September 2021
- Issue closes: 16 September 2021
- Basis of allotment date: 21 September 2021
- Initiation of refunds: 22 September 2021
- Credit of shares to demat account: 23 September 2021
- Expected listing date: 24 September 2021
If you planning to invest in Sansera Engineering IPO, learn about its business model and fundamentals:
About Sansera Engineering
Incorporated in 1981, Sansera Engineering manufactures complex and critical components for automotive and non-automotive sectors. The company makes components and assemblies that are used in two-wheelers, passenger vehicles and commercial vehicles. It derives around 88% of its revenue from sale of products to the automotive sector.
The remaining 12% comes from supplying components to various non-automotive sectors such as aerospace, off-road, agriculture, engineering and capital goods.
The company is one of the top 10 global suppliers of connecting rods for the light vehicles such as cars and commercial vehicle segments. It’s customer base includes some of the top Indian and global players including Toyota, Maruti Suzuki, Yamaha, Bajaj Auto and Stellantis NV. Sansera Engineering caters to its customers through 15 manufacturing units in India and 1 in Sweden.
Meanwhile, its revenue has shrunk at a CAGR of 2.3% between FY19 and FY21. But its net profit has grown by 5.8% on a CAGR basis in the same period.
About the issue
The ₹1,283 crore IPO is fully an offer for sale and the proceeds will go to the promoters and investors of the company.
IPO allocation quota
| QIB | NIB | Retail |
| 50% | 15% | 35% |
To know more about the IPO, read its red herring prospectus here. The issue opens on 14 September 2021 and you can subscribe to Sansera Engineering with Upstox here. Meanwhile, we’ll keep you posted on all the updates about this IPO and the public issues that follow, so stay tuned!