Sansera Engineering IPO issue oversubscribed 11.46 times on Day 3

The Qualified Institutional Buyer category was subscribed 26.47 times, and the Non-Institutional Investor category was subscribed 11.37.

Sep 16, 2021 05:09 IST India Infoline News Service

The initial public offer (IPO) of Sansera Engineering, a precision components maker, has received good demand from investors on the last day of bidding. The IPO was oversubscribed by 11.46 times on the last day.

The portion reserved for retail investors was subscribed 3.15 times. While the Qualified Institutional Buyer category was subscribed 26.47 times, and the Non-Institutional Investor category was subscribed 11.37.

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 Rs734-744 per share. An investor can bid for a minimum of 20 equity shares and in multiples thereof.

The IPO is a complete offer for sale (OFS) of Rs1,282.98 crore by existing shareholders - Client Ebene, CVCIGP II Employee Ebene, S Sekhar Vasan, Unni Rajagopal K, F R Singhvi and D Devaraj.

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.



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