Bookbuilding IPO | ₹512 Cr | Listed at BSE, NSE | Mon, Mar 19, 2018 - Wed, Mar 21, 2018
Sandhar Technologies IPO is a book build issue of ₹512.48 crores. The issue is a combination of fresh issue of 0.90 crore shares aggregating to ₹300.00 crores and offer for sale of 0.64 crore shares aggregating to ₹212.48 crores.
Sandhar Technologies IPO bidding started from Mar 19, 2018 and ended on Mar 21, 2018. The shares got listed on BSE, NSE on Apr 2, 2018.
Sandhar Technologies IPO price band is set at ₹332 per share. The lot size for an application is 45. The minimum amount of investment required by an retail is ₹14,940 (45 shares) (based on upper price). The lot size investment for sNII is 14 lots (630 shares), amounting to ₹2,09,160, and for bNII, it is 67 lots (3,015 shares), amounting to ₹10,00,980.
Axis Capital Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Sandhar Technologies IPO RHP for detailed Information.
IPO Open
Mon, Mar 19, 2018
IPO Close
Wed, Mar 21, 2018
Issue Price
₹332 per share
Market Cap (Pre-IPO)
₹1,998.33 Cr
| IPO Date | 19 to 21 Mar, 2018 |
| Listed on | Mon, Apr 2, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹327 to ₹332 |
| Issue Price | ₹332 per share |
| Lot Size | 45 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,54,36,144 shares (agg. up to ₹512 Cr) |
| Fresh Issue | 90,36,144 shares (agg. up to ₹300 Cr) |
| Offer for Sale | 64,00,000 shares of ₹10 (agg. up to ₹212 Cr) |
| Share Holding Pre Issue | 5,11,54,564 shares |
| Share Holding Post Issue | 6,01,90,708 shares |
| BSE Script Code / NSE Symbol | 541163 / SANDHAR |
| ISIN | INE278H01035 |
Sandhar Technologies IPO comprises a total issue size of 1,54,36,144 shares. Out of which, 77,18,071 (50.00%) are allocated to QIB, 23,15,422 (15.00%) allocated to NII 54,02,651 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 77,18,071 | 50.00% | NA |
| − Anchor Investor Shares Offered | 46,30,842 | 30.00% | NA |
| − QIB (Ex. Anchor) Shares Offered | 30,87,229 | 20.00% | NA |
| NII (HNI) Shares Offered | 23,15,422 | 15.00% | NA |
| Retail Shares Offered | 54,02,651 | 35.00% | 1,20,058 |
| Total Shares Offered | 1,54,36,144 | 100.00% |
Investors can bid for a minimum of 45 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 45 | ₹14,940 |
| Retail (Max) | 13 | 585 | ₹1,94,220 |
| S-HNI (Min) | 14 | 630 | ₹2,09,160 |
| S-HNI (Max) | 66 | 2,970 | ₹9,86,040 |
| B-HNI (Min) | 67 | 3,015 | ₹10,00,980 |
Incorporated in 1987, Sandhar Technologies Limited is New Delhi, India based company engaged in the business of designing and manufacturing a diverse range of automotive components, parts and systems, largely focused on safety and security systems of vehicles.
The company is a leader in the two-wheeler locking systems market, and the commercial vehicle rear view market in India., and are one of the two largest companies catering to the commercial vehicle locking systems market, and the two wheeler rear view market in India. It is also one of the two largest manufacturers of operator cabins in India, along with being the largest player in the excavator cabins market.
The company manufacture its products from 29 manufacturing facilities across eight states in India, two manufacturing facilities in Spain, and one manufacturing facility in Mexico.
The company's customer portfolio consists of 79 Indian and global OEMs across various segments including Ashok Leyland, Doosan Bobcat, Escorts, Hero, Honda Cars, Komatsu, Scania, TAFE, Tata Motors, TVS, UM Lohia, and Volvo etc. In the last 12 years, the Company has received investment by two private equity investors, namely Actis Group and GTI.
As of October 31, 2017, it had a total work force of 7,744 individuals comprising of 2,363 employees, and 5,381 individuals engaged on contractual basis.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment or prepayment in full or in part of certain loans availed by the Company | 225.00 |
| 2 | General corporate purposes | 54.99 |
The Sandhar Technologies IPO is subscribed 6.14 times on March 21, 2018 6:50:00 PM (Day 3). The public issue subscribed 1.31 times in the retail category, 14.5 times in the QIB category, and 6.39 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 14.5 | 30,85,505 | |
| NII | 6.39 | 23,36,147 | |
| Retail | 1.31 | 54,51,009 | |
| Total | 6.14 | 1,08,72,661 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Lead Managers (including underwriting commission, brokerage, selling commission, and bidding fees) and brokerage and selling commission, processing / uploading charges to Syndicate Members, RTAs, and CDPs | 22.71 |
| 2 | Processing / uploading charges for Registered Brokers(3) and Commission and processing fees for SCSBs | 0.15 |
| 3 | Others: SEBI, BSE, and NSE processing fees, other regulatory expenses and listing fees; Printing and stationery expenses; Advertising and marketing expenses; and Miscellaneous expenses | 10.94 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹332.00 | ₹332.00 |
| Open | ₹345.00 | ₹346.10 |
| Low | ₹318.55 | ₹318.25 |
| High | ₹351.45 | ₹351.75 |
| Last Trade | ₹322.55 | ₹322.15 |
Lead Manager Reports
Sandhar Technologies IPO is a main-board IPO of 1,54,36,144 equity shares of the face value of ₹10 aggregating up to ₹512 Crores. The issue is priced at ₹332 per share. The minimum order quantity is 45.
The IPO opens on Mon, Mar 19, 2018, and closes on Wed, Mar 21, 2018.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Sandhar Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Sandhar Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sandhar Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sandhar Technologies IPO opens on Mon, Mar 19, 2018 and closes on Wed, Mar 21, 2018.
Sandhar Technologies IPO lot size is 45, and the minimum amount required for application is ₹14,940.
You can apply in Sandhar Technologies IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Sandhar Technologies IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Sandhar Technologies IPO allotment status.
The Sandhar Technologies IPO listing date is on Mon, Apr 2, 2018.
