Sansera Engineering recordsdata IPO papers with Sebi

By: PTI | New Delhi |



June 10, 2021 5: 25: 29 pm





Sansera Engineering talked about it expects that list of the fairness shares will make stronger its visibility and trace image and supply liquidity to shareholders. (Consultant image: Pixabay)

Auto ingredient maker Sansera Engineering Ltd has filed preliminary papers with capital markets regulator Sebi to broaden funds thru an preliminary share-sale.

The preliminary public offer (IPO) is fully an offer for sale (OFS) of 17,244,328 fairness shares by promoters and sleek shareholders, draft crimson herring prospectus (DRHP) filed with Sebi confirmed.

Those offering shares in the OFS are sleek merchants– Shopper Ebene, CVCIGP II Workers Ebene and promoters — S Sekhar Vasan, Unni Rajagopal K, F R Singhvi and D Devaraj.

The company talked about it expects that list of the fairness shares will make stronger its visibility and trace image and supply liquidity to shareholders. Also, the list will provide a public market for the fairness shares in the nation.

Right here is the corporate’s 2nd strive to pass public. Earlier, Sansera Engineering had filed IPO papers with Sebi in August 2018 and had furthermore bought its clearance to pass with the fling the public disclose. Nonetheless, it did no longer skedaddle forward with the delivery.

The Bengaluru-primarily based firm is an engineering-led built-in producer of advanced and severe precision engineered parts across automobile and non-automobile sectors.

Inner the auto sector, the corporate earn and supply a nice number of precision cast and machined parts and assemblies that are severe for engine, transmission, braking, and varied programs for the two-wheeler, passenger automobile, and commercial automobile verticals.

In the non-automobile sector, Sansera Engineering manufactures and offers precision parts for the aerospace, off-twin carriageway, agriculture and varied segments, alongside with engineering and capital goods.

ICICI Securities, IIFL Securities and Nomura Monetary Advisory and Securities (India) Deepest Restricted had been appointed as merchant bankers to reveal the corporate on the IPO.

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