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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 ₹744.00 per share . The lot size for an application is 20. The minimum amount of investment required by an retail is ₹14,680 (20 shares). 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 Date | September 14, 2021 to September 16, 2021 |
| Listing Date | September 24, 2021 |
| Face Value | ₹2 per share |
| Issue Price Band | ₹734 to ₹744 per share |
| Issue Price Final | ₹744 per share |
| Lot Size | 20 Shares |
| Sale Type | Offer For Sale |
| Total Issue Size | 1,72,44,328 shares (aggregating up to ₹1,282.52 Cr) |
| Employee Discount | ₹36.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 5,13,77,850 shares |
| Share Holding Post Issue | 5,13,77,850 shares |
Sansera Engineering IPO offers total 1,72,44,328 shares. Out of which 85,58,604 (49.63%) allocated to QIB, 34,23,442 (19.85%) allocated to QIB, 25,67,582 (14.89%) allocated to NII, 59,91,024 (34.74%) allocated to RII and 51,35,162 (29.78%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 85,58,604 (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 (14.89%) | NA |
| Retail Shares Offered | 59,91,024 (34.74%) | 2,99,551 |
| Employee Shares Offered | 1,27,118 (0.74%) | NA |
| Total Shares Offered | 1,72,44,328 (100.00%) |
| 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 |
Sansera Engineering IPO opens on September 14, 2021, and closes on September 16, 2021.
| IPO Open Date | Tue, Sep 14, 2021 |
| IPO Close Date | Thu, Sep 16, 2021 |
| Tentative Allotment | Tue, Sep 21, 2021 |
| Initiation of Refunds | Wed, Sep 22, 2021 |
| Credit of Shares to Demat | Thu, Sep 23, 2021 |
| Tentative Listing Date | Fri, Sep 24, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Sep 16, 2021 |
Investors can bid for a minimum of 20 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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
| Particulars | For the year/period ended (₹ in millions) | ||||
|---|---|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |||
| Total Assets | 19,288.83 | 18,282.36 | 17,454.84 | ||
| Total Revenue | 15,723.64 | 14,731.39 | 16,408.09 | ||
| Profit After Tax | 1,098.60 | 799.05 | 980.64 | ||
[Dilip Davda] On prima facie issue appears reasonably priced, considering its status and enjoyed preference with leading auto giants, they are poised for bright prospects ahead with good orders on hand. The original plan for an IPO of Rs. 1400 cr. with the same size of float with a NAV of Rs. 127 is now changed to IPO for Rs. 1283 cr. with a NAV of Rs. 166 plus. Thus the company has taken an investor-friendly gesture. Investors may consider investment for the medium to long term. Read detail review...
| Listing Date | September 24, 2021 |
| BSE Script Code | 543358 |
| NSE Symbol | SANSERA |
| ISIN | INE953O01021 |
| Final Issue Price | ₹744 per share |
| BSE Listing Group | B |
Sansera Engineering Ltd.
Plant 7, Plot No. 143/A
Jigani Link Road, Bommasandra Industrial Area
Anekal Taluk, Bengaluru 560 105
Anekal, Karnataka
Phone: +91 80 2783 9081
Email: rajesh.modi@sansera.in
Website: https://sansera.in/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: sansera.ipo@linktime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Sansera Engineering IPO is a main-board IPO of 1,72,44,328 equity shares of the face value of ₹2 aggregating up to ₹1,282.52 Crores. The issue is priced at ₹744 per share. The minimum order quantity is 20.
The IPO opens on September 14, 2021, and closes on September 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 September 14, 2021 and closes on September 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 Thursday, September 23, 2021. Check the Sansera Engineering IPO allotment status.
The Sansera Engineering IPO listing date is on Friday, September 24, 2021.
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