As you all know Sansera Engineering Limited’s IPO has come in the market as the company wants to get investment from investors to grow its business. Investors can know all the information about Sansera Engineering Limited Company and invest in it.
The Sansera Engineering IPO was subscribed 53% on the first day of the bidding and the initial share sale has concluded on 16 September and the price range for the offer is fixed at Rs. 734-744 per share and today it was fully subscribed.
Sansera Engineering IPO Subscription Status
Sansera Engineering IPO has opened on 14th September and will close on 16th September. The company intends to raise Rs 1283 crore through an offer to sell 17,244,328 equity shares of face value of Rs 2 per share with a price band of Rs 734 to 744 per equity. share.
The minimum order quantity is 20 shares with market lots of 20 shares and multiples thereof. IPO means money or investment taken by a company from investors for the first time.IPO of a best company can prove to be a boon for your long term investment.
According to an estimate, it has been found that the best company’s IPO gives high returns even in a short period of time. Hence the number of investors participating in the IPO shows how much more profitable these IPOs can be.
Sansera Engineering IPO 2021 Highlights
|Subscription Dates||14 to 16 September 2021|
|Price Band||Rs. 734-744 per share|
|Offer For Sale||1,265.73-1,282.98 crore|
|Total IPO size||1,265.73-1,282.98 crore|
|Minimum bid (lot size)||Rs. 20 Share|
|Face Value||Rs. 2 per equity share|
|Listing On||NSE, BSE|
Sansera Engineering IPO- GMP
On one hand, while the entire auto sector is facing many issues like lack of demand for two wheeler, shortage of semiconductors or higher input prices, it is not able to stop the new companies from this sector from launching IPO amid the rise in stocks.
If you want to know more information about Sansera Engineering Ltd then read this post completely and after that if you want to invest in this company, then don’t miss this good opportunity. Sansera Engineering Limited Company was incorporated on 15th December 1981 at Bangalore, Karnataka as a Private Limited Company under the Companies Act, 1956.
As per a special resolution passed by the shareholders of the Company at the EGM held on 19th June, 2018 the name of the Company has been changed to Sansera Engineering Ltd.
Sansera Engineering IPO Allotment Date 2021
Sansera Engineering IPO Allotment Date is 21 September 2021 as the allotment basis for Sansera Engineering Limited IPO will be finalized on 21st September 2021, and the allotted shares will be credited to an investor’s demat account by 23rd September. If you want you can still still invest in this IPO but only analyzing all its factors.
Sansera Engineering IPO- FAQs
The GMP of the unlisted shares of Sansera Engineering is Rs 60 as the unlisted shares of the company are trading at Rs 804. The higher price band of the Sansera Engineering shares is Rs 744.
It is an IPO of 1,282.98 crores with a face value of Rs.2.00 per equity share and the issue price is 734 to 744 per equity share.
Please read all the conditions before investing in Sansera Engineering IPO