Sansera Engineering IPO to open on 14th September

Bengaluru-based auto-component maker Sansar Engineering Ltd’s initial public offering will open for subscription on September 14 and close on September 16.
The IPO consists of a net offer for sale of 17.24 million shares by its existing shareholders and promoters.
The OFS includes sale of 8.64 million shares by client Ebene Limited, up to 4.84 million shares by CVCIGP II employee EBNE, up to 2.06 million shares by S Shekhar Vasan, up to 5.71 lakh shares by Unni Rajagopal K, FR Singhvi and D Devaraj.
ICICI Securities, IIFL Securities and Nomura Financial Advisory are the principal managers of the issue.
For FY 2021, the firm reported total income ₹1572.36 Cr Vs ₹1473.14 crore a year ago. net profit for the period ₹109.86 crore against ₹79.91 crore last year. Its total outstanding fund and non-fund based borrowings was ₹633.09 crores.
It is an engineering-led integrated manufacturer of complex and critical precision engineered components in the automotive and non-automotive sectors.
The firm is one of the leading manufacturers of Connecting Rods, Crankshafts, Rocker Arms and Gear Shifter Forks for two wheelers as well as passenger vehicles.
As of April 2021, the firm had 16 manufacturing facilities, 15 of which are in the states of Karnataka (Bengaluru, Bidadi, Tumkur), Haryana (Manesar), Maharashtra (Chakan), Uttarakhand (Pantnagar) and Gujarat (Mehsana) in India. , and a facility is in Trollhattan, Sweden.