• Home
  • Opinion
  • Politics
  • World
  • Business
  • Science & Tech
Wednesday, February 1, 2023
No Result
View All Result
SUBSCRIBE
The Outlooker
27 °c
Delhi
  • Home
  • Opinion
  • Politics
  • World
  • Business
  • Science & Tech
  • Home
  • Opinion
  • Politics
  • World
  • Business
  • Science & Tech
No Result
View All Result
The Outlooker
No Result
View All Result
  • National
  • Politics
  • Opinion
  • Business
  • Science
  • World
  • Health
Home Business

Sansera Engineering files IPO-papers with SEBI; issue entirely an offer-for-sale

by The Outlooker Web Desk
June 10, 2021
in Business
0
IPO street warms up; SEBI approves Glenmark Life Sciences, Utkarsh Small Finance Bank public issues
1.8k
SHARES
12.9k
VIEWS
Share on FacebookShare on Twitter

The initial public offering is entirely an offer-for-sale of 1.72crore equity shares by its existing shareholders and promoters

Sansera Engineering Ltd has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India to launch an IPO. The initial public offering is entirely an offer-for-sale of 1.72 crore equity shares by its existing shareholders and promoters. The OFS comprises up to 86.35 lakh shares sale by Client Ebene Ltd, up to 48.36 lakh shares by CVCIGP II Employees EBene, up to 20.58 lakh shares by S Sekhar Vasan, and up to 5.71 lakh shares each by Unni Rajagopal K, FR Singhvi and D Devaraj.

The book running lead managers to the issue are ICICI Securities, IIFL Securities and Nomura Financial Advisory. The registrar to the issue is Link Intime India Private Ltd. The listed industry peers of Sansera Engineering are Endurance Technologies, Minda Industries, Sundram Fasteners, Suprajit Engineering, Bharat Forge, Motherson Sumi Systems and Mahindra CIE Automotive. The weighted average return on net worth for fiscals 2019, 2020 and 2021 is 11.98 per cent. The average price-to-earning (P/E) ratio is 60x.

The company will not directly receive any proceeds from the offer and all the offer proceeds will be received by the Selling Shareholders. This is the company’s second attempt to go public. In August 2018, Sansera Engineering had filed IPO papers with capital markets regulator and had also received its clearance to float the public issue. However, it did not go ahead with the launch. In India, Bajaj Motors, FIE group and Sansera, are among the leading two-wheeler rocker arm manufacturers in India. Micro Turner, Sansera and Schaeffler India are the leading passenger vehicle rocker arm manufacturers in India. Sansera is the largest supplier of rocker arms to two-wheeler as well as passenger vehicle OEMs in India.

Sansera Engineering’s business model is well diversified by customer base, end segment, geographical spread of revenues and product portfolio. It derives its revenue from multiple segments within the automotive sector, including the two-wheeler, 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.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

The Outlooker is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

The Outlooker Web Desk

The Outlooker Web Desk

Next Post
On Centre’s 33% Vaccine Wastage Claim, Jharkhand Says Figure Is Only 1.5%

On Centre's 33% Vaccine Wastage Claim, Jharkhand Says Figure Is Only 1.5%

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Delhi Police Rejects Requests For Farmers’ March On November 26, 27
National

Delhi Man Kills Father For Refusing To Give Money For Drugs, Arrested

February 1, 2023
Speeding Ferrari Crashes Into Railing On Mumbai’s Bandra-Worli Sea Link, No One Hurt
National

Woman Hires Couple To Kill Labourer Husband In Maharashtra: Cops

February 1, 2023
UP Teacher Strangled To Death On Camera During Online Class: Police
National

UP Teacher Strangled To Death On Camera During Online Class: Police

February 1, 2023
Ajit Doval’s White House Visit To Boost Ties In “Cutting-Edge Sectors”
National

Ajit Doval’s White House Visit To Boost Ties In “Cutting-Edge Sectors”

February 1, 2023

Connect with us

No Result
View All Result

Archives

  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020

Category

  • Artistic
  • Business
  • Crypto
  • Design
  • Entertainment
  • Fashion
  • featured
  • Food
  • Gaming
  • Health
  • Human
  • Lifestyle
  • Movie
  • Music
  • National
  • Opinion
  • Politics
  • Science
  • Spaces
  • Sports
  • Tech
  • Travel
  • Uncategorized
  • World

Recent Posts

  • Delhi Man Kills Father For Refusing To Give Money For Drugs, Arrested
  • Woman Hires Couple To Kill Labourer Husband In Maharashtra: Cops
  • UP Teacher Strangled To Death On Camera During Online Class: Police

About Us

The Outlooker

The Outlooker is your source of authentic, hand-picked news, stories, analysis from India & the World.

  • Terms Of Service
  • Privacy Policy
  • About us
  • Submit your story
  • Contact

© 2019-2021 The Outlooker. All rights reserved.

No Result
View All Result
  • Home
  • Politics
  • World
  • Business
  • Science
  • National
  • Entertainment
  • Gaming
  • Movie
  • Music
  • Sports
  • Fashion
  • Lifestyle
  • Travel
  • Tech
  • Health
  • Food

© 2019-2021 The Outlooker. All rights reserved.