Two companies are planning to launch their Initial Public Offering (IPO) This week the auto component makers Sansera Engineering and Marcolin Traffic Control Ltd. The Sansera Engineering IPO will open on September 14, while Markoline Traffic Controls is expected to launch on September 15, and the three-day issue of both the firms will end on September 16 and September 20, respectively.
IPO Details –
Sansera Engineering: Bengaluru-based auto-component maker’s IPO price band has been fixed ₹734-744 per share. A public issue (IPO) is an offer for sale (OFS) of 17,244,328 equity shares by the entire promoters and existing shareholders.
Sansera Engineering is an engineering-led integrated manufacturer of complex and critical precision engineered components in the automotive and non-automated 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.
Marcolin Traffic Control: Marcolin Traffic Control Limited is a leading highway operation and maintenance service provider. As per the prospectus filed with BSE, 51,28,000 equity shares are offered at a price of ₹78 per equity share (including premium of Rs. ₹68 per equity share).
The company plans to utilize the majority of the net proceeds of the issue to strengthen the capital base of the company and the same will be used for working capital requirements.
Marcolin Traffic Controls Ltd started its business operations in 2002, initially with road marking and later in 2009 conceived and ventured into the business opportunity of operation and maintenance of highway projects.
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