Sansera Engineering IPO – Review, Allotment, Subscription, GMP & DRHP

Sansera Engineering Limited is an engineering-led integrated manufacturer of complex and high-quality precision components for the automotive and aerospace sectors, primarily supplying to original equipment manufacturers (“OEMs”) in India and internationally. Sansera Engineering IPO comprises of 17,244,328 Equity Shares of face value of Rs.2 each.

Let’s have a detailed review of the company and analytics of the Sansera Engineering IPO release date, IPO offer price, subscription, Sansera Engineering IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.


Sansera Engineering IPO Review & Ratings

IPO Ratings & Review
CriteriaRatings
Industry Sentiments8.5/10
Industry Ranking7.8/10
Company Background7.9/10
Company Reputation7.9/10
Competitive Edge7.7/10
Financial Statements7.8/10
Popularity Index8.4/10
Promoters Reputation7.7/10
Retail Appetite7.9/10
Top Brokers Review7.9/10
Overall Ratings8.1/10
Star Ratings★★★★☆

Summary of Sansera Engineering IPO

Sansera Engineering IPOSansera Engineering Limited manufactures and supply a wide range of precision forged and machined components that are critical for engine, transmission and other systems for the two-wheeler, passenger vehicle and light and heavy commercial vehicle verticals in the automotive sector. They also supply their components to the aerospace sector and for off-road vehicles as well as for other segments including tractors, generator sets, stationary engines and other non-automotive applications.

From FY 2015-16 to FY 2017-18, as per the Restated Financial Statements,

From fiscal 2015 to 2018, company’s revenue from operations and net profit has increased at a growth rate of 2.10% and 2%, respectively.

For the period ended March 31, 2018, FY 2016-17 and FY 2015-16, its revenue from operations was Rs. 6,782.24 Millions, Rs.7,722.37 Millions and Rs.9,317.84 Millions respectively representing growth of  2.10 from the FY 2015-16 to FY 2017-18. For the period ended March 31, 2018, FY 2016-17 and FY 2015-16 our net profit was Rs. 1,547.75 Millions,Rs.963.22 Millions and Rs.876.36 Millions respectively, representing a growth of 2% from the FY 2015-16 to FY 2017-18.

The Promoter of this company are S Sekhar Vasan, F R Singhvi, Unni Rajagopal K and D Devaraj. The lead manager to the issue are ICICI Securities Limited, Credit Suisse Securities (India) Private Limited, IIFL Holdings Limited and Nomura Financial Advisory & Securities (India) Private Limited and BNP Paribas. The Registrar to this issue is Link Intime India Private Limited.


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Sansera Engineering IPO Date

The opening and the closing date of IPO of Sansera Engineering Limited is not known yet.


Sansera Engineering IPO Subscription

Day / DateQIBNIIRIITotal Subscription
Day 1 
Day 2
Day 3
Day 4
Day 5
Shares Offered or Net Issue

The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.


Sansera Engineering IPO Allotment Status

Here, you can find the Allotment Status of this IPO.


Sansera Engineering IPO Price Band

The face value of each share is Rs 2, but the price band of the IPO is not yet disclosed. 


Sansera Engineering IPO Equity Share Offering

17,244,328 Equity Shares of face value of Rs.2 each but Issue Price is yet to be disclosed .


Sansera Engineering Limited – Company Overview

Sansera Engineering are a leading supplier to the two-wheeler and passenger vehicle verticals in India. Specifically, we are one of the leading Indian manufacturers of-

  •  connecting rods, crankshafts, rocker arms and gear shifter forks for two-wheelers and
  • connecting rods, rocker arms and gear shifter forks for passenger vehicles .

They are among the top two and top three manufacturers of two-wheeler and passenger vehicle connecting rods in India, respectively; among the top two manufacturers and the largest manufacturer of two-wheeler and passenger vehicle rocker arms in India, respectively; and among the top three manufacturers of two-wheeler gear shifter forks in India . They supply most of our products directly to OEMs and in forged and machined condition, resulting in higher value addition by us.

As of May 31, 2018, they had 15 manufacturing facilities in close proximity to the production facilities of certain of OEM customers, enabling faster supply times. 14 of these facilities are situated in India at various locations, namely, Bengaluru, Manesar, Pune, Pantnagar and Tumkur, and one facility is situated at Trollhattan, Sweden, in Europe. Their largest greenfield facility in Bidadi, Karnataka has recently commenced commercial production.

The Company is promoted by S Sekhar Vasan, F R Singhvi, Unni Rajagopal K and D Devaraj and is the guiding force behind the growth and strategic decisions of the Company.

Competitive Strengths of Sansera Engineering Limited:

  • Well diversified business model.
  • A leading supplier of complex and high-quality precision components in fast growing markets.
  • Strong capabilities in engineering and design, machine building and automation.
  • Longstanding relationships with well-known Indian and global OEM customers.
  • Skilled and experienced management team.

Business strategies of Sansera Engineering Limited:

  • Focus on high growth business verticals and sectors in India and overseas.
  • Continue to diversify business and expand addressable market.
  • Retain and strengthen our technological leadership through continued focus on research and development.
  • Focus on operational efficiencies to improve returns.

Sansera Engineering Limited – Financial Statements

A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:

Financial Summary (Restated standalone statement):

Amount (in INR & millions)
31-Mar-1831-Mar-1731-Mar-1631-Mar-1531-Mar-14
Total Assets13,241.6710,459.098,635.486,924.105,849.32
Total Revenue11,844.4510,455.739,130.158,124.136,391.19
Total Expense550.15319.12243.32257.00139.46
Profit After Tax997.60644.10633.04614.83407.41

Earnings per Equity Share (in Millions)

31-Mar-1831-Mar-1731-Mar-16
Basic21.2513.7213.49
 Diluted18.9812.2612.05

From the above statements, one could find that the Sansera Engineering Limited may perform well.


Sansera Engineering IPO – Promoters

The Promoter of this company are:

  1. S Sekhar Vasan
  2. F R Singhvi
  3. Unni Rajagopal K
  4. D Devaraj

Interest in promotion of the Company

Company is currently promoted by the Promoters in order to carry on its present business. Promoters are interested in the Company to the extent of their shareholding and directorship of the Individual Promoter in the Company and the dividend declared, if any, by the Company. The Promoters are interested in the transactions entered into the Company and the Promoter Group.

Property Interest

The promoters along with the promoter group will continue to hold collectively some percentage of the equity share capital of the company. As a result of the same, they will be able to exercise significant influence over the control of the outcome of the matter that requires approval of the majority shareholders vote.

Interest in Intellectual Rights of the Company

Promoters has not shown any interest in acquiring the intellectual rights of the company.


Sansera Engineering IPO Offer Details or Issue Details

 Particulars No. Of Equity Shares
OfferUp to 17,244,328 Equity Shares of Rs.2 each
Of which
Employee Reservation Portion  [●] Equity Shares
Accordingly,
The Net Offer [●] Equity Shares
Of which:
QIB CategoryNot more than [●] Equity Shares
Of which:
 Anchor Investor PortionUp to [●] Equity Shares
Balance available for allocation to QIBs other than Anchor Investors (assuming Anchor Investor Portion is fully subscribed)[●] Equity Shares
Of which:
– Available for allocation to Mutual Funds only (5% of the QIB Category (excluding the Anchor Investor Portion))Up to [●] Equity Shares
– Balance of QIB Category for all QIBs including Mutual Funds[●] Equity Shares
Non-Institutional CategoryNot less than [●] Equity Shares
Retail CategoryNot less than [●] Equity Shares
Equity Shares outstanding prior to the offer51,377,850 Equity Shares
Equity Shares outstanding after the Offer51,377,850 Equity Shares

Sansera Engineering IPO Issue Object

These are the IPO Issue Objects of the company

  • Funding the Working Capital requirements of our Company:
  •  Repayment/ pre-payment of certain unsecured loans availed from banks and financial institutions by our company; and
  •  General Corporate Purposes.

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Sansera Engineering IPO – Basis of the Offer Price

The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

Qualitative factors are:

  • Well diversified business model
  • A leading supplier of complex and high-quality precision components in fast growing markets
  • Strong capabilities in engineering and design, machine building and automation
  • Longstanding relationships with well-known Indian and global OEM customers
  • Skilled and experienced management team

The relevant quantitative factors are:

Basic & Diluted EPSRONW (%)NAV (Rs.)
31-Mar-1613.4914.61
31-Mar-1713.7213.49
31-Mar-1821.2513.7213.49
  • Industry P/E Ratio:
ParticularsP/E ratio
Average31.78
Highest50.69
Lowest11.49
  • Competitive Peers:
ParticularsFace Value (in Rs.)P/E RatioEPS     (In Rs.)

 

RONW (%) NAV (In Rs.)
Motherson Sumi Systems
Limited
1.0040.067.5916.16%46.95
Endurance Technologies
Limited
10.0050.6927.7817.98%154.47
Sundaram Fasteners Limited1.0035.5418.4025.35%72.86

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Sansera Engineering IPO Lead Managers

Lead Managers
ICICI Securities Limited

Credit Suisse Securities (India) Private Limited

IIFL Holdings Limited

Nomura Financial Advisory

 Securities (India) Private Limited

BNP Paribas 

Sansera Engineering IPO Registrar to offer

Registrar to the Offer
Link Intime India Private Limited
C-101, 1st Floor, 247 Park, Lal Bahadur Shastri Marg
Vikhroli (West), Mumbai 400 083, Maharashtra, India
Tel: +91 22 4918 6200, Fax: +91 22 4918 6195
E-mail:
Investor grievance email: 
Website: www.linkintime.co.in
Contact Person: Shanti Gopalkrishnan

Other Details:

  • Statutory Auditor –  B S R & Associates LLP, Chartered Accountant.
  • Bankers to the Company –  Bajaj Finance Ltd, DBS Bank Limited, State Bank of India, Commercial Branch, HDFC Bank Limited, The Hong Kong and Shanghai Banking Corporation Limited.

Sansera Engineering IPO Review by Top 10 Stock Brokers

Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
Angel Broking7.5/107.4/108.5/108.1/107.1/10
Sharekhan7.2/107.1/108.6/108.1/107.2/10
Kotak Securities7.3/107.5/108.4/108.1/107.3/10
ICICI Direct7.3/107.3/108.7/108.1/107.1/10
IIFL7.5/107.2/108.8/108.0/107.1/10
Edelweiss7.5/107.4/108.4/108.3/107.2/10
Zerodha7.4/107.1/108.5/108.1/107.0/10
5Paisa7.1/107.1/108.4/108.1/107.1/10
Karvy7.4/107.3/108.2/108.1/107.1/10
Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

Sansera Engineering IPO Grey Market Premium

The Sansera Engineering IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


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Sansera Engineering IPO News

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