Sansera Engineering Limited IPO

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 company promoters.

Company Financials

Particulars For the year/period ended (₹ in million)
Summary of financial Information (Restated Consolidated) 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 19,288.83 18,282.36 17,454.84
Total Revenue 15,723.64 14,731.39 16,408.09
Profit After Tax 1,098.60 799.05 980.64

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.

Issue Details


ISSUE OPENS
Tuesday, September 14, 2021

ISSUE CLOSES
Thursday, September 16, 2021

ISSUE PRICE
Rs 734 - Rs 744 Per Equity Share.

BID LOT
20 Equity shares & multiple of 20 Equity shares thereafter.

IPO SIZE
Rs. 1282.98 Cr

LISTING EXCHANGES
NSE & BSE

ALLOTMENT DATE
Tentatively Wednesday, September 22, 2021

RATIOS
QIB 50% - Retail 35% - NIB 15%

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