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Sansera Engineering Limited IPO Detail

Sansera Engineering Limited IPO Detail

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

IPO Details

IPO Opening DateSep 14, 2021
IPO Closing DateSep 16, 2021
Issue TypeBook Built Issue IPO
Face Value₹2 per equity share
IPO Price ₹734 - 744 per equity share
Market Lot20 Shares
Min Order Quantity20 Shares
Listing AtBSE, NSE
Issue Size₹1,282.98 Cr
Fresh Issue-
Offer for Sale17,244,328 Eq Shares of ₹2 (aggregating up to ₹1,282.98 Cr)
Employee Discount₹₹36
Retail Portion 35%

IPO Subscription (Bidding Detail)

AS On QIB SHNI BHNI NII RII TOTAL
Day 1 0.29x - - 0.07x 0.87x 0.53x
Day 2 0.38x - - 0.22x 1.72x 1.02x
Day 3 26.47x - - 11.37x 3.15x 11.47x

IPO Tentative Timetable

The Sansera Engineering Limited 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 DateSep 14, 2021
IPO Close DateSep 16, 2021
Basis of Allotment DateSep 21, 2021
Initiation of RefundsSep 22, 2021
Credit of Shares to Demat AccountSep 23, 2021
IPO Listing DateSep 24, 2021

IPO Lot Size

The Sansera Engineering Limited IPO market lot size is 20 shares. A retail-individual investor can apply for up to 13 lots (260 shares or ₹193440).

ApplicationLotsSharesAmount (Cut-off)
Minimum120₹14880
Maximum13260₹193440

IPO Promoter Holding

Pre Issue Share Holding93.45%
Post Issue Share Holding

Company Financials:

For the year/period ended (₹ in Crs)

Financial Year Total Assets Total Revenue Profit After Tax
31-Mar-21 1,928.88 1,572.36 109.86
31-Mar-20 1,828.23 1,473.14 79.90
31-Mar-19 1,745.49 1,640.80 98.06

Objects of the Issue:

  • 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.