Report Wire

Tag: sansera engineering ipo gmp

  • IPO Wrap: Sansera Engineering IPO subscribed 11.47 instances on last day led by QIBs, non institutional traders

    Sansera Engineering IPO subscription standing: The preliminary public providing (IPO) of auto-components producer Sansera Engineering, which was launched earlier this week was met with a agency demand by the traders.
    Sansera Engineering IPO was subscribed 11.47 instances on the ultimate day, knowledge accessible on the National Stock Exchange (NSE) confirmed. The Rs 1,283 crore supply acquired bids for over 13.88 crore (13,88,39,000) shares in opposition to the whole difficulty measurement of 1.21 crore (1,21,09,166) shares, the information confirmed.
    The shares that are to be allotted for the certified institutional patrons (QIBs) was subscribed 26.47 instances, whereas these of non institutional traders was subscribed 11.37 instances and that of retail particular person traders (RIIs) was subscribed 3.15 instances. Separately, shares for the workers’ phase was subscribed 1.37 instances, the information confirmed.
    Half of the problem measurement was reserved for certified institutional patrons (QIBs), 35 per cent for the retail traders and remaining 15 per cent is for non-institutional traders.

    The IPO of the Bengaluru-based agency is solely a suggestion on the market (OFS) of 17,244,328 fairness shares by the promoting shareholders, as per the data given within the crimson herring prospectus (RHP).
    The IPO had opened for subscription on Tuesday, September 14, 2021, and concluded on Thursday, September 16, 2021. It had a worth band of Rs 734-744 per share and earlier than heading into the IPO, Sansera Engineering raised over Rs 382 crore (Rs 3,82,05,60,528) from 27 anchor traders in lieu of 51,35,162 fairness shares at Rs 744 every.
    Going forward, traders will now sit up for the share allotment date of the problem. The finalisation of the idea of allotment for Sansera Engineering is anticipated to happen on Tuesday, September 21, 2021, as per the data supplied within the crimson herring prospectus.

  • Sansera Engineering IPO to open on Sep 14: Here’s worth band, lot dimension and extra

    Sansera Engineering IPO: The Rs 1,283 crore preliminary public providing (IPO) of auto part producer Sansera Engineering will open on Tuesday, September 14, 2021, and will probably be accessible for subscription until Thursday, September 16, 2021. The worth band of the IPO has been fastened at Rs 734-744 per share of the face worth of Rs 2 every.
    Sansera Engineering is a Bengaluru-based auto part maker. It is an engineering-led built-in producer of complicated and demanding precision engineered elements throughout automotive and non-automative sectors.
    The IPO is solely a suggestion on the market (OFS) of 17,244,328 fairness shares by the promoting shareholders, as per the data given within the crimson herring prospectus (RHP). The supply may elevate as much as Rs 1,283 crore on the higher worth band.
    Since the IPO is totally an OFS, the corporate wouldn’t is not going to straight obtain any proceeds from the supply and all of the proceeds will probably be obtained by the promoting shareholders.

    Those providing shares within the OFS are current buyers – Client Ebene, CVCIGP II Employees Ebene and promoters – S Sekhar Vasan, Unni Rajagopal Ok, F R Singhvi and D Devaraj.
    Upon its itemizing, it’ll be part of the likes of listed friends resembling Bharat Forge, Motherson Sumi Systems, Minda Industries so on.
    This is Sansera Engineering’s second try and go public. In August 2018, the corporate had filed IPO papers with market regulator Sebi and had additionally bought its clearance to drift the difficulty. However, it didn’t go forward with the IPO launch.
    Investors who want to subscribe to Sansera Engineering’s IPO can bid within the lot of 20 fairness shares and multiples thereof. At the higher worth band, they must shell out Rs 14,880 to get a single lot of Sansera. The shares will probably be listed on each BSE and the National Stock Exchange (NSE).
    Half of the difficulty dimension has been reserved for certified institutional consumers (QIBs), 35 per cent for the retail buyers and remaining 15 per cent is for non-institutional buyers.
    Ahead of the general public supply, the anchor buyers’ portion will probably be accessible on Monday, September 13, 2021.
    The firm expects that itemizing of the fairness shares will improve its visibility and model picture and supply liquidity to shareholders and the itemizing will present a public marketplace for the fairness shares within the nation, the based on the RHP.

    ICICI Securities, IIFL Securities and Nomura Financial Advisory and Securities (India) are the guide operating lead managers to the IPO whereas Link Intime India is the registrar of the difficulty.
    Apart from this, the share allotment is prone to happen on September 21, 2021, and the shares are anticipated to be listed on September 24, 2021, based on the timeline given within the RHP.