Sansera Engineering IPO price band fixed at 736 to 744 rupees check issue date OFS other details varpat

New Delhi. If you want to earn money by investing money in the market, then another great opportunity is coming for you. where you can invest. Automobile component maker Sansera Engineering’s IPO will open next week. The price band of Sansera Engineering IPO has been fixed at Rs 733-734 per share. According to the company, the IPO of Sansera Engineering will open from September 14-16.

In this, there will be an offer for sale (OFS) from the promoter and the existing shareholders for about 1.72 crore shares. The company will get around Rs 1,282 crore from the IPO on the upper price band. Let us tell you that the company had applied to market regulator SEBI for this IPO in June 2021 this year, which was approved in August.

This IPO will be purely offer for sale
Let us tell you that this IPO will be purely Offer for Sale (OFS). In this, promoters and existing investors will reduce their stake through OFS. A total of 1,72,44,328 equity shares will be sold through the offer for sale. 86,35,408 shares in OFS will be sold by Client Ebene Ltd. 48,36,723 shares CVCIGP II Employees EBENE, 2058069 shares by S Sekhar Vasan, 571376 shares by Unni Rajagopal K, 571376 shares by FR Singhvi and 571376 shares by D Devaraj.

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Important things of IPO-
The price band for this issue has been fixed at Rs 734-744 per equity share.
The lot size of 20 shares has been fixed for the IPO.
According to the upper price band, investors will have to invest Rs 14880 for a lot.
Investors can invest money in it from 14 to 16 September.

Know everything about the company
Sansera Engineering manufactures precision engineered components for automotive and non-automotive setters. It is a leading manufacturer of connecting rods, crankshafts and gear shifters for passenger vehicles and two-wheelers. The company has 15 manufacturing plants in the country. These plants are in Karnataka, Haryana, Maharashtra, Uttarakhand and Gujarat. It also has a plant in Sweden.

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Know the company’s financial position
ICICI Securities, IIFL Securities and Nomura Financial Advisory are the lead managers for the IPO. The company’s total income in the last financial year had increased to Rs 1,572.36 crore. There was also an increase in net profit and it stood at Rs 109.86 crore.