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Sansera Engineering IPO Dates, Price Band, IPO Price, All You Need To Know Sansera Engineering IPO

Sansera Engineering IPO To Open On September 14. Here Is All You Need To Know

Sansera Engineering, the Bengaluru-based auto element maker, will likely be promoting its fairness shares through preliminary public providing (IPO) from September 14. Sansera Engineering’s IPO is a proposal on the market whereby its current shareholders and promoters are promoting 17,244,328 shares of face worth of Rs 2 every. Sansera Engineering has fastened worth band of Rs 734 to Rs 744 per share. A retail investor can place bid in lot measurement of 20 shares for optimum of 13 tons. At the higher worth band one lot of Sansera Engineering shares within the IPO will price Rs 14,880. 

Sansera Engineering is the 39th firm to hit IPO markets this 12 months and is planning to lift Rs 1,282.90 crore through IPO. 

The objective of the IPO is to hold out supply on the market by the promoting shareholders and to attain the advantages of itemizing the fairness shares on the Stock Exchanges. 

Sansera Engineering’s promoters Subramonia Sekhar Vasan, Unni Rajagopal Kothenath, Fatheraj Singhvi and Devappa Devaraj together with its shareholders Client Ebene Limited, CVCIGP II Employee Ebene are promoting shares within the three-day share sale 

Shares value Rs 9 crore are reserved for workers which will likely be supplied to eligible workers at a reduction of 5 per cent. 

ICICI Securities Limited, IIFL Securities Ltd and Nomura Financial Advisory And Securities are the e book working lead managers to the problem whereas Link Intime India is the registrar to the problem. 

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