Sansera Engineering IPO
Sansera Engineering IPO — date, price band, lot size & details 2021
Sansera Engineering listed on 24 Sep 2021 at ₹811.5, 9.1% above the ₹744 issue price.
Sansera Engineering makes complex precision forged and machined components for automotive and non-automotive customers, and is a major global supplier of connecting rods. Its total income was Rs 1,572.36 crore in FY2021.
Stock price
Sansera Engineering 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 11 November.
- Open 14 Sep 2021
- Close 16 Sep 2021
- Allotment 21 Sep 2021
- Refund/credit 22 Sep 2021
- Listing 24 Sep 2021
Issue summary
The terms of the offer, as filed.
| IPO Dates | 14 to 16 Sep, 2021 |
|---|---|
| Price Band | ₹734 – ₹744 |
| Face Value | ₹2 |
| Lot Size | 20 Shares |
| Issue Size | ₹1282.52 Cr |
| Sale Type | OFS only |
| Listing On | BSE, NSE |
| Employee Discount | Rs 36.00 per share |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,880 |
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 20 shares at the ₹744 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 20 | ₹14,880 |
| Retail (max) | 13 | 260 | ₹1,93,440 |
| S-HNI (min) | 14 | 280 | ₹2,08,320 |
| S-HNI (max) | 67 | 1,340 | ₹9,96,960 |
| B-HNI (min) | 68 | 1,360 | ₹10,11,840 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Profit after tax rose from Rs 79.91 crore in FY2020 to Rs 109.86 crore in FY2021.
- 02Total borrowing fell from Rs 636.78 crore on 31 March 2020 to Rs 549.75 crore on 31 March 2021.
- 03Exports gave 35.02% of revenue from sale of products in Fiscal 2021, which spreads demand across markets.
- 04Net worth grew from Rs 684.57 crore on 31 March 2019 to Rs 877.43 crore on 31 March 2021.
- 05EBITDA rose from Rs 240.67 crore in FY2020 to Rs 295.21 crore in FY2021.
Risks · 5
- 01The whole Rs 1,282.52 crore issue was offer for sale, so no money went to the company.
- 02Total income fell from Rs 1,640.81 crore in FY2019 to Rs 1,473.14 crore in FY2020 before recovering.
- 03The automotive sector gave 88.45% of revenue in Fiscal 2021, so results follow vehicle demand and the shift to electric vehicles.
- 04The P/E was 34.8 at the upper band of Rs 744, based on EPS of Rs 21.38.
- 05Promoters and the promoter group held only 41.98% before the issue and 34.96% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Sansera Engineering offer document.
| Metric | 31 Mar 2021 | 31 Mar 2020 | 31 Mar 2019 |
|---|---|---|---|
| Assets | 1,928.88 | 1,828.24 | 1,745.48 |
| Total Income | 1,572.36 | 1,473.14 | 1,640.81 |
| Profit After Tax | 109.86 | 79.91 | 98.06 |
| EBITDA | 295.21 | 240.67 | 291.99 |
| NET Worth | 877.43 | 767.36 | 684.57 |
| Reserves and Surplus | 858.36 | 748.29 | 665.50 |
| Total Borrowing | 549.75 | 636.78 | 595.36 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Sansera Engineering RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Sansera Engineering IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹21.38 | ₹21.38 |
| P/E Ratio (x) | 34.80 | 34.80 |
| Market Cap at Offer Price (₹ Cr) | ₹3,823.00 | ₹3,823.00 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹744 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
How the company intends to use the proceeds of the issue.
Information about the usage of proceeds from the Sansera Engineering IPO will be updated shortly.
About the company
For vehicles it makes connecting rods, rocker arms, crankshafts, gear shifter forks, stem comps and aluminium forged parts for two-wheelers, passenger vehicles and commercial vehicles. For other sectors it makes precision parts for aerospace, off-road, agriculture and capital goods. Most products go directly to OEMs in finished condition.
In Fiscal 2021 the automotive sector gave 88.45% of revenue from sale of products and India gave 64.98%. It has 15 plants in India, 9 of them in Bengaluru.
The IPO was Rs 1,282.52 crore and was entirely an offer for sale by investors and promoters, so the company received none of the money.
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.
Sansera Engineering 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.
ICICI Securities
133 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
IIFL Capital Services Limited
116 issues handledBest listing: Unicommerce eSolutions (+117.6%). Weakest: Rategain Travel Technologies (-15.3%).
Nomura Financial Advisory & Securities (India) Pvt. Ltd
24 issues handledBest listing: Happiest Minds Technologies (+110.8%). Weakest: Shriram Properties (-23.7%).
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 Sansera Engineering?
The current Grey Market Premium is ₹50, or 7% over the issue price.
What is the Sansera Engineering IPO price band?
₹734 to ₹744, on a face value of ₹2.
When is the allotment?
The basis of allotment is 21 September 2021, with listing on 24 September 2021.
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.
