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

Sansera (auto & machine parts manufacturer) IPO is here to raise around Rs 1282 crores. Check its Grey Market Premium, dates, share price, and more.

by FighterMan Updated: 24 Sep, 2021, 12:53 IST
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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.

sansera engineering ipo
Sansera Engineering IPO Dates (tentative)

Check out the Sansera Engineering IPO Dates below.

Sansera Engineering IPO Dates 2021 (tentative)

Opening

14th September

Closing

16th September

Allotment Notification

21st September

Refunds to non-allocated Users

22nd September

Shares into Demat

23rd September

Listing

24th September

Sansera IPO GMP Today

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

Date & Time

GMP (Grey Market Premium)

8th Sept | 12:30

Rs 125

9th Sept | 10:00

Rs 150

10th Sept | 10:00

Rs 70

11th Sept | 11:15

Rs 80

13th Sept | 08:45 (GMP Today) Rs 175
Sansera Engineering IPO Date, GMP, Lot Size & Review [Video]
Sansera IPO Share Price

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

Price per equity share

Rs 734 - 744

Face Value per equity share

Rs 2

Sansera Engineering IPO Lot Size

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.

Sansera Engineering Limited IPO Details

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).

Company Profile

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.

Is the Sansera IPO Good or Bad?

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.

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faizanshah892000 wrote:

And will it be openly available or freezed

It will openly available and you can buy em on the listing date. 🙂🙂🙂

replyuser