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Sansera Engineering IPO Guidance …
Sansera Engineering GMP Today #
on 22 September 2021 @ 9.20 pm
Grey Market Premium Rs. 44/48
Application Rates : Rs. 0
Subject to Rates : Rs. no trades
Sansera Engineering Subscription Trend
On 16 Sept 2021 @ 4.30 pm
QIB 3423,442 Sh : 26.47 T
NII 2567582 Sh : 11.37 T
RII 59991024 Sh : 3.12 T
Tot 12109166 Sh : 11.45 T
HNI Interest Cost @ 8.% Rs. 13.13
Sansera EngineeringCompany Details
Sansera is an engineering-led integrated manufacturer of complex and critical precision engineered components across automotive and non-automotive sectors. Within the automotive sector, it manufactures and supply a wide range of precision forged and machined components and assemblies, such as connecting rod, rocker arm, crankshaft, gear shifter fork, stem comp, and aluminium forged parts, that are critical for engine, transmission, suspension, braking, chassis and other systems for the twowheeler, passenger vehicle and commercial vehicle verticals.
Within the non-automotive sector, it manufactures and supplies a wide range of precision components for the aerospace, off-road, agriculture and other segments, including engineering and capital goods.
For Fiscal 2021, it derived 88.45%, and 11.55% of its revenue from sale of products from the automotive sector and non-automotive sectors, respectively. Sansera is a global supplier and for Fiscal 2021 it derived 64.98% of its revenue from sale of products from India and 35.02% of its revenue from sale of products from Europe, USA and other foreign countries combined.
It is one of the top 10 global suppliers of connecting rods within the light vehicle segment (passenger vehicles with gross vehicle weight of 3.5 tonnes or less, “Light Vehicle”) and one of top 10 global suppliers of connecting rods within the commercial vehicle (“CV”) segment for CY 2020. It has been gaining market share in connecting rods in terms of production volume for (i) Light Vehicles with a global market share of 2.3% in CY 2020 compared to a global market share of 0.9% in CY 2015 and (ii) CVs with a global market share of 3.0% in CY 2020 compared to a global market share of 0.9% in CY 2015.
Within India, it is one of the leading manufacturers of (i) connecting rods, crankshafts, rocker arms and gear shifter forks for two-wheelers and (ii) connecting rods and rocker arms for passenger vehicles.
As of April 30, 2021, it had built over 900 computer numerical control special purpose machines.
As of April 30, 2021, a team of 196 personnel supported its design, engineering, machine building, automation and technical support functions.
It recently developed products include (i) suspension, rotor and aluminium forged components for internal combustion engines (“ICE”) and electric two-wheelers (“e-2W”), (ii) steering system components and drive train parts for ICE and hybrid passenger vehicles, (iii) cabin tilt system components and braking system parts for CVs, (iv) suspension components for off-road vehicles, (v) common rail systems for agriculture and (vi) components for industrial engines within
Within India, its customers include nine out of the top 10 two-wheeler OEMs and the leading passenger vehicle OEM based on production volume for Fiscal 2021. Globally, its customers include six out of top 10 global Light Vehicle OEMs and three of the top 10 global MHCV OEMs based on production volumes for CY 2020.It is suppliers to 71 customers during Fiscal 2021 as compared to 64 during Fiscal 2019, which helped to decrease our reliance on our top customer, Bajaj. For Fiscals 2021, 2020 and 2019, our top customer, Bajaj, contributed 20.75%, 22.08% and 22.71% of our revenues from sale of products, respectively.
For more study : www.sansera.in
The promoters of Sansera Engineering
Subramonia Sekhar Vasan, Fateraj Singhvi,
Unni Rajgopal Kotenath & Devappa Devraj
Sansera Engineering IPO Main Objects
The object of the Offer is to carry out the Offer for Sale
Sansera Engineering IPO Details
IPO Opens on : 14 Sept 2021
IPO Closes on : 16 Sept 2021
Issue Type: Book Built Issue IPO
IPO Size : Rs. 1282.98 Cr / 17,244,328 Shares
#Offer for Sale Up to Rs 1282.98 Cr / 17,244,328 Equity Shares
Face Value per share : Rs. 2
Sansera Engineering IPO Price Band Per Equity Share: Rs. 734-744
Sansera Engineering IPO Lot Size 20 Shares
Sansera EngineeringListing will at BSE,NSE
Retail Min Application: 20 Shares/ Rs. 14880
Retail Max Application : 260 Shares/ Rs. 193440
Shares offered to
QIB (50%) 8622164 Shares = Rs 641.49 Crs
NII (15%) 2586650 Shares = Rs 192.45 Crs
RII (35%) 6035514 Shares = Rs 449.04 Crs
Lot size: 20 Shares = 301776 Forms
Sansera Engineering IPO Tentative timeTable
IPO Allotment on 21 Sept 21
Unblocking of ASBA 22 Sept 21
Credit to Demat Accounts 23 Sept 21
Sansera Engineering Listing on 24 Sept 21
Sansera Engineering IPOLtd Financial Details :
Earnings per Share 2019-20 Rs 15.63
Earnings per Share 2020-21 Rs 21.02
Book Value of the Share as on 31.03.2021 Rs 170.78
Return on Net Worth: 19-20 10.47 %
Return on Net Worth: 20-21 12.31 %
Upper Price Band/last EPS: 35.39
Upper offer price/Book Value Ratio: 4.35
Equity Shares prior to the IPO : 46,936,500 Shares
Sansera Engineering IPO Peer Comparison:
Endurance Technologies @ PEMultiple of 43.10
Minda Industries @ PEMultiple of 95.70
Sundram Fasteners @ PEMultiple of 45.90
Suprajit Engineering @ PEMultiple of 34.20
Bharat Forge Limited @ PEMultiple of N.A.
Motherson Sumi @ PEMultiple of 65.10
Mahindra CIE @ PEMultiple of 87.80
Sansera Engineering IPO Lead Managers
ICICI Securities,IIFL Securities,Nomura Financial Advisory
Registrar to Sansera Engineering IPO
LinkIntime Private Limited
Regd Office of Sansera Engineering
Plot No. 143/A, Jigani Link Road,
Bommasandra Industrial Area, Anekal Taluk,
Bengaluru 560 105, Karnataka, India
Company Secretary and Compliance Officer
Rajesh Kumar Modi
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