Bookbuilding IPO | ₹1,283 Cr | Listed at BSE, NSE | Tue, Sep 14, 2021 - Thu, Sep 16, 2021
Sansera Engineering IPO is a book build issue of ₹1,282.52 crores. The issue is entirely an offer for sale of 1.72 crore shares of ₹1,282.52 crore.
Sansera Engineering IPO bidding started from Sep 14, 2021 and ended on Sep 16, 2021. The allotment for Sansera Engineering IPO was finalized on Sep 21, 2021. The shares got listed on BSE, NSE on Sep 24, 2021.
Sansera Engineering IPO price band is set at ₹744 per share. The lot size for an application is 20. The minimum amount of investment required by an retail is ₹14,880 (20 shares) (based on upper price). The lot size investment for sNII is 14 lots (280 shares), amounting to ₹2,08,320, and for bNII, it is 68 lots (1,360 shares), amounting to ₹10,11,840.
The issue includes a reservation of up to 1,27,118 shares for employees offered at a discount of ₹36.00 to the issue price.
ICICI Securities Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Sansera Engineering IPO RHP for detailed Information.
IPO Open
Tue, Sep 14, 2021
IPO Close
Thu, Sep 16, 2021
Issue Price
₹744 per share
Market Cap (Pre-IPO)
₹3,822.51 Cr
| IPO Date | 14 to 16 Sep, 2021 |
| Listed on | Fri, Sep 24, 2021 |
| Face Value | ₹2 per share |
| Price Band | ₹734 to ₹744 |
| Issue Price | ₹744 per share |
| Lot Size | 20 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹36.00 |
| Total Issue Size | 1,72,44,328 shares (agg. up to ₹1,283 Cr) |
| Offer for Sale | 1,72,44,328 shares of ₹2 (agg. up to ₹1,283 Cr) |
| Share Holding Pre Issue | 5,13,77,850 shares |
| Share Holding Post Issue | 5,13,77,850 shares |
| BSE Script Code / NSE Symbol | 543358 / SANSERA |
| ISIN | INE953O01021 |
Sansera Engineering IPO comprises a total issue size of 1,72,44,328 shares. The net offer to the public is 1,71,17,210 shares, after excluding 1,27,118 shares under a preferential allotment. Of the Net offer 85,58,604 (50.00%) are allocated to QIB, 25,67,582 (15.00%) allocated to NII 59,91,024 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 85,58,604 | 50.00% | 49.63% | NA |
| − Anchor Investor Shares Offered | 51,35,162 | 29.78% | NA | |
| − QIB (Ex. Anchor) Shares Offered | 34,23,442 | 19.85% | NA | |
| NII (HNI) Shares Offered | 25,67,582 | 15.00% | 14.89% | NA |
| Retail Shares Offered | 59,91,024 | 35.00% | 34.74% | 2,99,551 |
| Preferential Reservations | ||||
| Employee Shares Offered | 1,27,118 | 0.74% | NA | |
| Total Shares Offered | 1,72,44,328 | 100.00% | 100.00% | |
Investors can bid for a minimum of 20 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 20 | ₹14,880 |
| Retail (Max) | 13 | 260 | ₹1,93,440 |
| S-HNI (Min) | 14 | 280 | ₹2,08,320 |
| S-HNI (Max) | 67 | 1,340 | ₹9,96,960 |
| B-HNI (Min) | 68 | 1,360 | ₹10,11,840 |
Sansera Engineering IPO raises ₹382.06 crore from anchor investors. Sansera Engineering IPO Anchor bid date is September 13, 2021.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Sep 13, 2021 |
| Shares Offered | 51,35,162 |
| Anchor Portion (₹ Cr.) | 382.06 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Oct 21, 2021 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, Dec 20, 2021 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
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
| Period Ended |
|---|
| Amount in ₹ Crore |
The Sansera Engineering IPO is subscribed 11.47 times on September 16, 2021 5:00:00 PM (Day 3). The public issue subscribed 3.15 times in the retail category, 26.47 times in the QIB category, and 11.37 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 26.47 | 34,23,442 | 9,06,15,020 |
| NII | 11.37 | 25,67,582 | 2,91,94,540 |
| Retail | 3.15 | 59,91,024 | 1,88,55,300 |
| Employee | 1.37 | 1,27,118 | 1,74,140 |
| Total | 11.47 | 1,21,09,166 | 13,88,39,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | (a) BRLMs' fees and commissions (including underwriting commission, brokerage and selling commission) | 26.66 |
| 2 | (b) Commission/processing fee for SCSBs, Sponsor Bank, and Bankers to the Offer. Brokerage, underwriting commission, and selling commission and bidding charges for members of the Syndicate, Registered Brokers, RTAs and CDPs | 7.67 |
| 3 | (c) Fees payable to the Registrar to the Offer | 0.11 |
| 4 | (d) Fees payable to the other advisors to the Offer | 3.56 |
| 5 | (e) Others | |
| 6 | Listing fees, SEBI filing fees, upload fees, the Stock Exchanges processing fees, book building software fees and other regulatory expenses | 3.26 |
| 7 | Printing and stationery | 1.29 |
| 8 | Advertising and marketing expenses | 3.34 |
| 9 | Fee payable to legal counsels | 3.36 |
| 10 | Miscellaneous | 3.53 |
| 11 | Expenditure incurred in Fiscal 2019 and Fiscal 2020 as appearing in the Restated Consolidated Financial Statements included in this Prospectus and recoverable from the Selling Shareholders* | 9.42 |
| 12 | Contingencies 8% of the above expenditure (8% of (a) to (e)) | 4.98 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹744.00 | ₹744.00 |
| Open | ₹811.35 | ₹811.50 |
| Low | ₹800.80 | ₹801.00 |
| High | ₹842.00 | ₹841.95 |
| Last Trade | ₹818.70 | ₹818.55 |
Sansera Engineering IPO is a main-board IPO of 1,72,44,328 equity shares of the face value of ₹2 aggregating up to ₹1,283 Crores. The issue is priced at ₹744 per share. The minimum order quantity is 20.
The IPO opens on Tue, Sep 14, 2021, and closes on Thu, Sep 16, 2021.
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 Sansera Engineering IPO using UPI as a payment gateway. Zerodha customers can apply in Sansera Engineering IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sansera Engineering IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sansera Engineering IPO opens on Tue, Sep 14, 2021 and closes on Thu, Sep 16, 2021.
Sansera Engineering IPO lot size is 20, and the minimum amount required for application is ₹14,880.
You can apply in Sansera Engineering 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 Sansera Engineering IPO will be done on Tuesday, September 21, 2021, and the allotted shares will be credited to your demat account by Thu, Sep 23, 2021. Check the Sansera Engineering IPO allotment status.
The Sansera Engineering IPO listing date is on Fri, Sep 24, 2021.
