Sansera Engineering listing today: Anil Singhvi expects listing in 'this' range, what to do post listing? Check Market Guru's strategy

Sansera Engineering shares are expected to make a stock market debut on Friday. In this regard, Zee Business Managing Editor Anil Singhvi expects the shares of the company to make average to a good beginning on the exchanges.  

Singhvi, in his listing preview, has said that Sansera Engineering shares would be be listed in Rs 800-850 per share range on Friday. He suggests, long-term investors can hold with a stop loss of Rs 750 apiece.

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The Initial Public Offering (IPO) of auto component maker Sansera Engineering Limited has been subscribed 11.47 times on the BSE on the final day of subscription. 

The Rs 1,283-crore initial share sale received bids for 13,88,39,000 shares against 1,21,09,166 shares offered, as per the BSE data. The three-day IPO was launched between September 14-16, 2021.

The IPO price band had been set between Rs 734-744 per share. While the company ahead of its IPO launch had mopped up Rs 382 crore from anchor investors.

In his IPO preview, Zee Business Managing Editor Anil Singhvi had suggested that the investors, who can take risk and hold the stock for long-term, should subscribe or can be avoided. He added that investors should look at the valuations of the IPO and how it is compared to other listed companies.

Talking about the positive aspects, the managing editor said the track record of promoters is very good, while professionals with good industry experience have been appointed at different posts.

The company expects that listing of the equity shares will enhance its visibility and brand image and provide liquidity to shareholders. Also, the listing will provide a public market for the equity shares.

This is the company’s second attempt to go public. Earlier, Sansera Engineering had filed IPO papers with SEBI in August 2018 and had also received its clearance to float the public issue. However, it did not go ahead with the launch.