Sansera Engineering IPO Allotment Status: The share allotment of Rs 1283 crore IPO of Bangalore-based Sansera Engineering, which makes automobile components, may be final next week on September 21. The IPO was open for subscription from September 14-16 and received 11.47 times more bids. Talking about the primary market, its shares are at a premium of Rs 36 against the IPO price. In the gray market, it is priced at Rs 780, which is 5 per cent higher than the IPO price of Rs 744. Those who had subscribed to this IPO will be able to check its status on the website of Registrar Link Intime India after its allotment is finalised. Apart from this, the allotment status can also be seen on the website of BSE.
How to check allotment status through Link Intime India
- Investors can check IPO status section https://linkintime.co.in/MIPO/Ipoallotment.html.
- After reaching this page, select the IPO whose allotment status is to be checked. Here to choose Sansera Engineering.
- After this, application number or DP ID / Client ID or PAN, one of these three options will have to be selected, through whose details the allotment is to be checked.
- If Application Number is selected, then select Application Type and enter Application Number. If DP ID / Client ID is selected then select Depository and enter DPIP, Client ID. If PAN is selected then fill the PAN.
- Fill the captcha and submit.
- The information about the number of shares applied for and the number of shares allotted will be displayed on the screen.
Ola Bike Sales: Ola created a new record in the e-commerce sector, sold 1100 crore bikes in two days, those who missed the purchase will get a chance on this day
Check allotment like this on BSE website
- Investors can check allotment status at https://www.bseindia.com/investors/appli_check.aspx.
- Select Equity and select Sansera Engineering IPO from the drop down menu.
- Enter Application Number and PAN.
- Click on ‘I am not a Robot’.
- By clicking on the search tab, you can see the status details whether the share has been allotted to you or not.
Listing in the market on 24 September
The allotment of shares of Sansera Engineering IPO can be final on 21 September i.e. Tuesday. The process of refund or unblocking of funds from ASBA (Application Supported by Blocked Accounts) for those who will not be able to allot its shares will start on September 22 and will be credited to the demat account of those who will be allotted shares on September 23. The company’s shares will be listed in the market on the last trading day of the next week on September 24. Post listing in the market, it will join the league of Endurance Technologies, Minda Industries, Sundaram Fasteners, Suprajit Engineering, Bharat Forge, Motherson Sumi Systems and Mahindra CIE Automotive.
Stock Rating: Know the meaning of stock rating, understand the dictionary of brokerage firms
Company related details
- Sansera Engineering manufactures complex and critical precision engineered components for the automotive and non-automotive sectors.
- In automotive, the company manufactures connecting rods, rocker arms and supplies to aerospace, off-road, agriculture and other segments in non-automotive.
- It is a leading supplier of Connecting Rods globally.
- The company has 15 manufacturing plants across the country, out of which 9 are in Bangalore. Apart from this, there is a plant in Sweden.
- 65 percent of its revenue comes from India and the remaining 35 percent from other countries.
- The automotive sector accounts for 88.45 percent of the company’s revenue.
- The main source of revenue of the company is the sale of components of the internal combustion engine of the car.
- The company’s revenue in FY 21 was Rs 1572.36 crore as against Rs 1828.24 crore in its previous financial year 2019-20. The company’s net profit (Profit After Tax) in FY 2021 was Rs 109.86 crore as compared to Rs 79.90 crore in its previous financial year 2020.
Get Business News ,, latest India News ,, and other breaking news on share market, investment scheme and much more on Business Khabar. Like us on Facebook, Follow us on Twitter for latest financial news and share market updates.
.