The IPO of the Bengaluru-based company consists of a pure offer for sale of 17244328 shares by its existing shareholders and promoters. At the upper end of the price band the initial share sale is expected to garner Rs 1283 crore.
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The company has set a price band for the offer at Rs 734-744 apiece.
Sansera engineering ltd. The initial public offering IPO of Sansera Engineering will hit the primary market on September 14 Tuesday. The issue saw applications for 6418880 shares so far against the total size of 12109166 shares meaning a subscription of 53 per cent. Sansera Engineering Ltd has mopped up Rs 382 crore from anchor investors.
1 day agoShares of Sansera Engineering on its stock market debut listed at 811 on the NSE from its IPO issue price of 744 per share later surging to 830 apiece in minutes after opening for. 1 day agoSansera Engineering IPO. The initial public offering had a face value of Rs 2 per equity share.
Sansera Engineering plans to raise Rs 1283 crore through its public issue which is a complete offer for sale by promoters and investors. Notably Sansera Engineering Ltd has mopped up Rs 382 crore from anchor investors. The initial public offer of Sansera Engineering a precision components maker saw good demand from investors on the first day of bidding on Tuesday.
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