Sansera Engineering IPO Day-3 Subscription

QIB Portion

The QIB portion was subscribed 26.47 times at the close of Day-3. On 13 September, Sansera Engineering did an anchor placement of Rs.382.05 crore to QIB investors including a number of marquee names like Government of Singapore, Monetary Authority of Singapore, Nomura, Abu Dhabi Investment Authority, Axis MF, ICICI Prudential MF, SBI Life, Max India Life, Kuber India Fund etc. The QIB portion (net of anchor allocation) has a quota of 34.23 lakh shares of which it has got bids for 906.15 lakh shares, implying a subscription ratio of 26.47X for QIBs at the close of Day-3. Most QIB bids came in on the last day.

HNI Portion

The HNI portion got subscribed 11.37X (getting applications for 291.95 lakh shares against the quota of 25.68 lakh shares). Bulk of the funded applications and corporate applications, came in on the last day of the issue on Thursday.

Retail Individuals

The retail portion was subscribed 3.15X at the end of Day-3, showing healthy retail appetite. For retail investors; out of the 59.91 lakh shares on offer, valid bids were received for 188.55 lakh shares, of which bids for 146.90 lakh shares were at the cut-off price. The IPO is priced in the band of (Rs.734-Rs744) and the IPO has closed for subscription on 16th September.
 

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