Sandhar Technologies IPO
Sandhar Technologies IPO — date, price band, lot size & details 2018
Sandhar Technologies listed on 2 Apr 2018 at ₹346.1, 4.2% above the ₹332 issue price.
Sandhar Technologies designs and makes automotive components focused on vehicle safety and security, and leads in two wheeler locks and commercial vehicle rear view mirrors. Its total income was Rs 1,633.53 crore in FY2017.
Stock price
Sandhar Technologies is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 14 November.
- Open 19 Mar 2018
- Close 21 Mar 2018
- Allotment 26 Mar 2018
- Refund/credit TBA
- Listing 02 Apr 2018
Issue summary
The terms of the offer, as filed.
| IPO Dates | 19 to 21 Mar, 2018 |
|---|---|
| Price Band | ₹327 – ₹332 |
| Face Value | ₹10 |
| Lot Size | 45 Shares |
| Issue Size | ₹512.48 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,940 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 45 shares at the ₹332 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 45 | ₹14,940 |
| Retail (max) | 13 | 585 | ₹1,94,220 |
| S-HNI (min) | 14 | 630 | ₹2,09,160 |
| S-HNI (max) | 66 | 2,970 | ₹9,86,040 |
| B-HNI (min) | 67 | 3,015 | ₹10,00,980 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01It was a leader in two wheeler locking systems and commercial vehicle rear view mirrors; EBITDA was Rs 131.27 crore in FY2017.
- 02Total income rose from Rs 1,487.34 crore in FY2015 to Rs 1,633.53 crore in FY2017.
- 03Rs 225.00 crore of the issue was for repaying loans.
- 04Net worth rose from Rs 259.20 crore in FY2015 to Rs 330.72 crore on 30 September 2017.
Risks · 5
- 01Total borrowing was Rs 402.23 crore on 30 September 2017, above its net worth.
- 02Profit after tax was only Rs 39.56 crore on income of Rs 1,633.53 crore in FY2017.
- 03EBITDA was flat at about Rs 131 crore from FY2015 to FY2017.
- 04Auto parts makers depend on vehicle demand, which is cyclical; total assets were Rs 1,235.36 crore.
- 05Promoter holding fell from 82.53% before the issue to 70.14% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Sandhar Technologies offer document.
| Metric | 30 Sep 2017 | 31 Mar 2017 | 31 Mar 2016 | 31 Mar 2015 |
|---|---|---|---|---|
| Assets | 1,235.36 | 1,074.14 | 965.35 | 916.08 |
| Total Income | 990.60 | 1,633.53 | 1,517.89 | 1,487.34 |
| Profit After Tax | 34.57 | 39.56 | 33.75 | 38.40 |
| EBITDA | 94.34 | 131.27 | 131.85 | 131.09 |
| NET Worth | 330.72 | 301.33 | 273.63 | 259.20 |
| Reserves and Surplus | 279.57 | 250.18 | 222.48 | 248.97 |
| Total Borrowing | 402.23 | 392.51 | 319.19 | 309.04 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Where the money goes
₹279.99 Cr of the issue is earmarked to named objects.
Sandhar Technologies IPO Anchor Investors
21 anchor investors across 13 fund houses committed ₹153.76 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
Its products are largely focused on safety and security systems for vehicles.
It is a leader in two wheeler locking systems and in commercial vehicle rear view mirrors in India.
The IPO was Rs 512.48 crore, with Rs 300.00 crore of fresh issue and Rs 212.48 crore of offer for sale, at Rs 332, the top of the Rs 327 to Rs 332 band. Most of the fresh money was for repaying loans.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Sandhar Technologies IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Axis Capital
255 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
ICICI Securities
221 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Bannari Amman Spinning Mills (-25.2%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Sandhar Technologies?
The current Grey Market Premium is ₹37.5, or 11% over the issue price.
What is the Sandhar Technologies IPO price band?
₹327 to ₹332, on a face value of ₹10.
When is the allotment?
The basis of allotment is 26 March 2018, with listing on 2 April 2018.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
