Sansera Engineering IPO subscribed 53% on the first day: Everything you need to know
Sansera Engineering IPO: The initial public offering (IPO) of Sansera Engineering opened for subscription earlier today. So far, the issue was subscribed 53 per cent by the end of the first day of bidding.
It received total bids for 64,18,880 shares across both the stock exchanges against 1,21,09,166 shares on offer, data from National Stock Exchange (NSE) showed.
The Rs 1,283 crore Sansera Engineering IPO will be available for subscription till Thursday, September 16, 2021, and the price band of the auto component maker has been fixed at Rs 734-744 per share.
The IPO of the Bengaluru-based firm is entirely an offer for sale (OFS) of 17,244,328 equity shares by the selling shareholders, as per the information given in the red herring prospectus (RHP).
