Sansera Engineering IPO GMP Today, Dates, Share Price, Good or Bad, and more

Sansera Engineering Limited will launch its Rs 1282.98 crores IPO soon. This company is into manufacturing of engineered auto and other machine components. It also has an international presence across many countries. It is a completely offer-for-sale issue of around 1 cr 72 lakh equity shares. Read this article to know whether to apply to this IPO or give it a skip.

Check out the Sansera Engineering IPO Dates below.

The Sansera IPO GMP Today and the entire day-wise list is shown below.

The Sansera IPO share price seems a bit costly at around Rs 750.

The Sansera IPO lot size is 20 shares. There are 13 lots available which can be grabbed in multiples of 20 shares per lot. The minimum amount required to invest in this IPO is Rs 14,880.

The Sansera Engineering IPO issue size is of Rs 1282.98 crores. It is an offer-for-sale issue of 1,72,44,328 equity shares. The promoters here are S Sekhar Vasan, F R Singhvi, Unni Rajagopal K and D Devaraj with 93.45% share holdings.

Employees will get a discount of Rs 36 per equity share. The lead managers here are ICICI Securities, IIFL Securities, and Nomura Financial. Besides, the registrar is Link Intime. Talking about the allotment quotas, 50% is for QIB, 15% for NII, and 35% for retail investors (like you & me).

Sansera Engineering Limited is a 40-yr old auto & non-auto (machines) engineering components manufacturer. On the automotive front, it serves 2-wheelers, 4-wheelers, electric vehicles, and commercial vehicles. On the other hand, it works for off-road vehicles, agricultural machines, aerospace, and medical implants. Some of its key products include connecting rods, rocker arms, crankshafts, gear shifter forks, stem comps, and aluminium forged parts.

Should you apply to the Sansera IPO or not? Check out some key pros and cons below to make an informed decision.

Pros

• 34+ years of experience in machinery engineering components.
• 16+ state-of-art manufacturing units.
• 7400+ workers.
• Leading manufacturer of rocker arms, connecting rods, and gear shifters in India.
• Fine relationships with many Indian & Global OEMs.
• Strong financial track record (past 3 years).
• Presence in India (15 locations), USA, France, Sweden, Italy, and Japan.

Cons

• Slightly higher IPO Price.
• Peers include the likes of Bharat Forge, Endurance Technologies, and Mahindra CIE.

This was all about the Sansera Engineering IPO. Investors looking for long-term gains can put in their money. Also, looking at the company’s background, short-term returns might also be good. Do share your views on this IPO below.

Disclaimer: We are not SEBI registered. The information provided herein is for education purposes only. We will not be responsible for any of your profit/loss with this channel's suggestions. Consult your financial advisor before making any decisions.