Incorporated in 1981, Sansera manufactures complex and critical precision engineered components and caters across automotive and non-automotive sectors. The company manufactures and supplies a wide range of precision forged and machined components and assemblies which are critical for the two-wheeler, passenger vehicle, and commercial vehicle verticals for the automotive sector. For the non-automotive sector, the company manufactures and supplies a wide range of precision components for aerospace, off-road, agriculture, and other segments. The company mostly supplies forged & machined products to OEM’s.For FY’21, the Automotive sector contributed 88.45% and non-automotive 11.45% of the revenue. The company derives around 65% of its revenue from India and the rest 35% from other countries. The company is one of the major suppliers of connecting rods globally. The company has 15 manufacturing plants across India of which 9 are in Bangalore.
Competitive strengths
- Leading supplier of complex and high-quality precision engineered components across automotive and non-automotive sectors which are poised to grow strongly.
- A well-diversified portfolio of segments, products, customers, and geography.
- Strong Engineering & Designing capabilities.
- Strong relationships with respected Indian and Global OEM’s.
- Strong financial performance.
- Skilled and experienced management team.
Company Promoters
S Sekhar Vasan, F R Singhvi, Unni Rajagopal K and D Devaraj are the companypromoters.
Sansera Engineering Company Financial Report
| ₹ in Crores | ||||
| Assets | Revenue | Expense | PAT | |
| 2019 | ₹1745 | ₹1641 | ₹1462 | ₹98.06 |
| 2020 | ₹1828 | ₹1473 | ₹1384 | ₹79.91 |
| 2021 | ₹1929 | ₹1572 | ₹1426 | ₹109.86 |
Objects of the Issue:
The objects of the Offer are;
- To carry out the Offer for Sale of up to 17,244,328 Equity Shares by the Selling Shareholders; and
- achieve the benefits of listing the Equity Shares on the Stock Exchanges.
Sansera Engineering IPO Date & Price Band
| IPO Open: | 14 September 2021 |
| IPO Close: | 16 September 2021 |
| IPO Size: | Approx ₹1,282.66 Crores |
| Fresh Issue: | N/A |
| Offer for Sale: | Approx ₹1,282.66 Crores |
| Face Value: | ₹2 Per Equity Share |
| Price Band: | ₹734 to ₹744 Per Share |
| Listing on: | BSE & NSE |
| Retail Portion: | 35% |
| QIB Portion: | 50% |
| NII Portion: | 15% |
| Discount: | ₹36 per equity share for Employees |
Sansera Engineering IPO Market Lot
The Sansera Engineering IPO minimum market lot is 20 shares with ₹14,880 application amount. The retail investors can apply up-to 13 lots, 260 shares with ₹1,93,440 application amount.
| Minimum Lot Size: | Minimum 20 Shares for 1 lot |
| Minimum Amount: | ₹14,880 for 1 lot |
| Maximum Lot Size: | Maximum 260 Shares for 13 lot |
| Maximum Amount: | ₹1,93,440 for 13 lot |
Sansera Engineering IPO Date, Time Table, Allotment & Listing
The Sansera Engineering IPO date is 14 September 2021 and the IPO close date is 16 September 2021. The allotment date is 21 September 2021 and the IPO may list on 24 September 2021.
| Price Band Announcement: | 08 September 2021 |
| Anchor Investors Allotment: | 13 September 2021 |
| IPO Open Date: | 14 September 2021 |
| IPO Close Date: | 16 September 2021 |
| Basis of Allotment: | 21 September 2021 |
| Refunds: | 22 September 2021 |
| Credit to Demat Account: | 23 September 2021 |
| IPO Listing Date: | 24 September 2021 |