Sansera Engineering made a tepid debut on inventory exchanges on Friday. The Bengaluru-based auto elements maker opened for buying and selling at Rs 811.5 on the BSE, marking a premium of 8.62 per cent from concern worth of Rs 744. On the National Stock Exchange, Sansera Engineering opened at a premium of 9.07 per cent.
Soon after itemizing, Sansera Engineering shares had been fluctuating between detrimental and constructive territories because the inventory touched an intraday excessive of Rs 841.95 and low of Rs 801 on the National Stock Exchange.
Sansera Engineering IPO which was a proposal on the market by its promoters and shareholders was subscribed 11.47 occasions. The portion reserved for certified institutional consumers (QIBs) was subscribed 26.47 occasions and the portion put aside for non-institutional buyers was subscribed 11.37 occasions and the retail buyers section attracted 3.15 occasions subscription.
Sansera Engineering offered shares within the worth band of Rs 734-744 through the three-day share sale which ended on September 16.
As of 11:36 am, Sansera Engineering shares traded 0.43 per cent decrease at Rs 808.05