Sansera Engineering IPO: GMP, Price, Other Details You Need to Know

Here we list down important details regarding Sansera Engineering IPO:

– Sansera Engineering IPO GMP: As mentioned above, Sansera Engineering IPO Gray Market Premium (GMP) is today ₹75. As per market observers, Sansera Engineering IPO GMP was on the same ₹Tomorrow 75. Hence, Gray Market is expecting Sansera Engineering IPO Listing ₹819 ( ₹744+ ₹75) – about 10 percent above its price band ₹from 734 ₹744.

– Sansera Engineering IPO Price Band: The promoters of the company have fixed the price band for the public issue: ₹from 734 ₹744.

– Sansera Engineering IPO Size: The company aims to raise ₹1,282.98 crores from this public issue, which is purely OFS in nature.

– expert opinion: Speaking on the company’s financials; Divam Sharma, Cofounder, Green Portfolio, a SEBI registered portfolio management services provider, said, “Sansera Engineering is the largest supplier of connecting rods, rocker arms and gear shifter forks to two wheeler OEMs in India. In the non-automotive sector, be it aerospace, off -Manufactures a range of precision components for road, agriculture and other sectors including engineering and capital goods.The company has long standing relationships with many renowned Indian as well as global OEMs.For example, in 2-wheeler vertical, Relationship with Bajaj for more than 20 years, with Yamaha for more than 20 years and with HMSI for more than 15 years. In the passenger vehicle vertical, more than 30 years with Maruti Suzuki and more than 8 years with FCA is a major European passenger vehicle OEM.”

The cofounder of SEBI registered portfolio management services provider company further added, “Sansera Engineering is priced close to 31x FY21 12 Month Earnings. At this price it is priced at its upper limit and looks like a lot. There is no left. For retail investor in terms of listing profit. Overall 2W (Wheeler) sales recover post covid, we are confident that the company will do well in terms of sales growth and increase in profitability. Investors in this IPO You can consider investing in longer term investment horizon.”

– Sansera Engineering IPO Allotment Date: The tentative date for allotment of shares is 21st September 2021.

– Sansera Engineering IPO Listing: The tentative date for the company’s share listing is 24 September 2021. It will be listed on both NSE and BSE.

– Sansera Engineering IPO Lot Size: A bidder will be able to apply for the IPO in lots. One lot of public issue will have 20 shares of the company and a bidder can apply for a maximum of 13 lots of public issue.

– Sansera Engineering IPO Investment Limit: As mentioned above, an investor can apply for a minimum of one lot and a maximum of 133 lots, which means that an investor can apply for a public issue with a minimum. ₹14,880 ( ₹744 x 20). However, the maximum investment a customer can make is ₹1,93,440 ( ₹744 x 20 x 13).

– Shareholders’ Holdings: After the successful listing of the company’s shares, the promoters’ stake in the company will come down to 36.56 per cent from the current 43.91 per cent.