New Delhi. If you want to make money by investing in the market, then there is another great opportunity for you. Where you can invest. Automobile component maker Sunsera Engineering will launch next week. The price band of Sansera Engineering IPO has been fixed at Rs 733-734 per share. According to the company, the IPO of Sansera Engineering will open from September 14-16.
It will have an Offer for Sale (OFS) for about 1.72 crore shares from promoters and existing shareholders. In the high-value band, the company will get around Rs 1,282 crore from the IPO. Let us tell you that the company applied for this IPO with the market regulator SEBI in June 2021 this year, which was approved in August.
This IPO will be offered entirely for sale
Let us tell you that this IPO will be completely Offer for Sale (OFS). In this, promoters and existing investors will reduce their stake through OFS. A total of 1,72,44,328 equity shares will be sold through the offer for sale. Client Eben Limited will sell 86,35,408 shares of OFS. 48,36,723 shares CVCIGP II Employees EBENE, 2058069 shares S Sekhar Vasan, 571376 Share by Unni Rajagopal K, 571376 Share by FR Singhvi and 571376 Share by D Devaraj.
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Important issues of IPO-
The price band for this issue is set at Rs 734-744 per equity share.
Lot size of 20 shares has been fixed for IPO.
According to the high price band, investors need to invest a whopping Rs 14,880.
Investors can invest in it from 14 to 16 September.
Learn everything about the company
Sansera Engineering produces the perfect engineered components for automotive and non-automotive setters. It is a leading manufacturer of rod, crankshaft and gear shifter connectors for passenger vehicles and two wheels. The company has 15 manufacturing plants in the country. These plants are found in Karnataka, Haryana, Maharashtra, Uttarakhand and Gujarat. It also has a plant in Sweden.
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Know the financial condition of the company
Chief Manager of IPICI Securities, IIFL Securities and Nomura Financial Advisory IPO. The total revenue of the company increased to Rs 1,572.36 crore in the last financial year. Net profit also increased to Rs 109.86 crore.
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