IPO - Initial Public Offers - Sansera Engineering IPO Details in IPO's & MF's - Sansera Engineering Limited was founded in Bengaluru in 1981 and began commercial passenger vehicle component manufacturing in 1986. They started ...
Sansera Engineering Limited was founded in Bengaluru in 1981 and began commercial passenger vehicle component manufacturing in 1986. They started supplying precision components to the two-wheeler sector in 1996, off-road vehicles in 2009, and light commercial vehicles in 2011.They expanded their precision components manufacturing company in India gradually. In 2013, they established a production facility specialized to the production of high-precision aluminum and titanium machined aerospace components.
They have 15 manufacturing plants and 9 of them are in Bangalore. The company reported ₹1572 crores of revenues in 2021 against ₹1473 crores in 2020. The PAT was stood at ₹109.86 crores in 2021 compared to ₹79.91 crores in 2020.
Objects of the Issue:
The objects of the Offer are;
• To carry out the Offer for Sale of up to 17,244,328 Equity Shares by the Selling Shareholders
• Achieve the benefits of listing the Equity Shares on the Stock Exchanges.
Company Financials:
Sansera Engineering IPO Details:
Sansera Engineering IPO Tentative Timeline:
Sansera Engineering IPO Lot Size:
The Sansera Engineering IPO market lot size is 20 shares. A retail-individual investor can apply for up to 13 lots (260 shares or ₹193,440).
1. ASBA - All you have to do is, know if your demat is with NSDL or CDSL. Make a note of your Demat ID/DP ID/BO ID - 16 digit number from your broker terminal. Once you have these 2 information, go ahead and apply from your internet banking. One advantage in this process is that, once you submit the application, process ends there and amount gets blocked. While in UPI, you need to get mandate from your bank and need to authorize on time. Many parties are involved in UPI process (Bank, broker, 3rd party UPI app provider etc) and there are chances of delayed UPI mandates. This is a recent process and will take time to settle. Till then, it is better to apply from net banking, but ensure you enter correct 16 digit DP ID.
2. UPI - Visit your broker terminal, select the IPO, enter UPI ID and other bid details to submit the application. Wait for mandate to arrive on UPI app. Approve the mandate to block the amount.
Refer to this video to apply for IPO using UPI at Zerodha.