Sansera Engineering shares listed on its stock market debut ₹811 on NSE from its IPO issue price ₹744 per share, later increased ₹830 Epic in minutes after opening for trading. The auto component maker’s three-day share sale, which was open from September 14 to 16, garnered 11.47x subscriptions on the closing day of the offer.
NS Initial Public Offering (IPO) Bids were received for 13,88,39,000 shares against 1,21,09,166 shares on offer. The eligible institutional buyer (QIB) category was subscribed 26.47 times, non-institutional investors 11.37 times and retail individual investors (RIIs) 3.15 times. decline in sansera engineering ltd ₹382 crore from anchor investors.
The Bengaluru-based firm is an engineering-led integrated manufacturer of complex and critical precision-engineered components in the automotive and non-automotive sectors. The public issue (IPO) consisted of an outright offer (OFS) for sale of 17,244,328 equity shares by the promoters and existing shareholders.
Within the automotive sector, the company manufactures a wide range of precision forged and machined components and assemblies that are critical to engine, transmission, braking and other systems for the two wheeler, passenger vehicle and commercial vehicle verticals.
In the non-automotive sector, Sansera Engineering manufactures precision components for aerospace, off-road, agriculture and other sectors, including engineering and capital goods. The firm has manufacturing facilities in states including Karnataka, Gujarat.
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