Sansera Engineering is looking to raise between ₹1,000-1,500 crore through the IPO, said a source aware of the development.- The IPO is a complete offer for sale of 1.72 crore shares by six shareholders.
- This is the company’s second attempt to go public. Earlier, it had filed for an IPO with SEBI in August 2018.
This is Sansera Engineering’s second attempt to go public. Earlier, it had filed for an IPO with the market regulator in August 2018. Reportedly, it had also received a nod to float the public issue, but it did not go ahead with the launch.
The IPO of the Bengaluru-based auto component maker is a complete offer for sale (OFS) of 1.72 crore by six shareholders. Client Ebene will sell 86.35 lakh shares, CVCIGP II Employees EBENE will sell 48.36 lakh, S Sekhar Vasan will sell 20.58 lakh shares and Unni Rajagopal K, FR Singhvi and D Devaraj will sell upto 5.71 lakh shares each.
The auto component maker is a technology driven company with a strong focus on design, engineering, machine building and automation capabilities.
Within the automotive sector, the company manufactures and supplies a wide range of precision forged and machined components and assemblies that are critical for engine, transmission, suspension, braking, chassis and other systems for the two wheeler, passenger vehicle and commercial vehicle verticals.
In the non-automotive sector, Sansera Engineering manufactures and supplies precision components for aerospace, off-road, agriculture and other segments, including engineering and capital goods.
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