Sansera Engineering IPO – Listing likely on Friday – Details here

Sansera Engineering IPO – The stock of Sansera Engineering Limited is expected to get listed on Friday (24 September). The Initial Public Offering (IPO) which opened on 14 September, concluded on 16 September. The issue was subscribed 11.47 times on the NSE as per the data present on the website.

The Sansera Engineering shares were subscribed by 3.15 times by the retail individual investors (RIIs). Meanwhile, the Qualified Institutional Buyers and non-institutional investors subscribed this issue 26.47 times and 11.37 times respectively.

See Zee Business Live TV Streaming Below:

Zee Business Managing Editor Anil Singhvi’s recommendation was for investors with risk appetite. He had said that the company was okay and the IPO could be considered for long term investment.

Also Read: Sansera Engineering IPO open now: Should you put your money or avoid this issue? negatives, positives and more, Anil Singhvi answers them all

The issue size of Sansera Engineering IPO comprised of 17,244,328 equity shares and was a 100 per cent Book Building. The Price Range was at Rs 734 to Rs 744. There was a discount of Rs 36 per equity share to eligible employee category. 

The Book Running Lead Managers (BRLMs) are ICICI Securities Limited, IIFL Securities Limited and Nomura Financial Advisory and Securities (India) Private Limited. 

The Sponsor Bank is HDFC Bank Limited while categories allowed for investment are FI, IC, MF, FII, OTH, CO, IND, NOH and EMP.  The name of the registrar is Link Intime India Private Limited.