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 DevarajIPO 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 - 744 per equity share |
| Market Lot | 20 Shares |
| Min Order Quantity | 20 Shares |
| Listing At | BSE, NSE |
| Issue Size | ₹1,282.98 Cr |
| Fresh Issue | - |
| Offer for Sale | 17,244,328 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 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 |
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).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 20 | ₹14880 |
| Maximum | 13 | 260 | ₹193440 |
IPO Promoter Holding
| Pre Issue Share Holding | 93.45% |
| 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.
