Sansera Engineering Ltd IPO

Closed

IPO Subscription Details

  • Open Date 14 Sep
  • Close Date 16 Sep
  • Lot Size 20
  • IPO Size ₹ ₹1282.98 Cr
  • IPO Price Range ₹ 734-744
  • Min Investment ₹ 14680
  • Listing Exchange NSE, BSE
  • Basis of Allotment 21 Sep
  • Refunds 22 Sep
  • Credit to Demat Account 23 Sep
  • Listing Date 24 Sep

Sansera Engineering Ltd IPO Subscription Status

Sansera Engineering IPO Subscription Status

Category

Subscription Status
Qualified Institutional (QIB) 26.47 Times
Non-Institutional (NII) 11.37 Times
Retail Individual 3.15 Times
Employee 1.37 Times
Total 11.47 Times

 

Sansera Engineering IPO Subscription Details (Day by Day)

Date QIB NII Retail Employee Total
September 14, 2021 17:00 0.29x 0.07x 0.87x 0.36x 0.53x
September 15, 2021 17:00 0.38x 0.22x 1.72x 1.03x 1.02x
September 16, 2021 17:00 26.47x 11.37x 3.15x 1.37x 11.47x

IPO Synopsis

Sansera Engineering Ltd, a Bengaluru based auto-component manufacturer is ready to launch its initial public offer on September 14 and the IPO will close on September 16.

Offer Details:

The objective of the offer is to carry out the offer for sale of up to 17,244,328 equity shares by the selling shareholders and achieve the benefits of listing the equity shares on the stock exchanges. The proceeds from the Offer for sale would go directly to the selling shareholders. The Offer for Sale comprises upto 86,35,408 shares sale by Client Ebene Ltd, up to 48,36,723 million shares by CVCIGP II Employees EBENE, up to 20,58,069 shares by S Sekhar Vasan, upto 5,71,376 shares each by Unni Rajagopal K, FR Singhvi and D Devaraj. 

 

Sansera Engineering Ltd Shareholding Pattern

% Shareholding

Pre- IPO(%)

Post-IPO(%)

Promoter & Promoter Group

43.91

36.56

Public

56.09

63.44

 

 

About Sansera Engineering Ltd

Sansera Engineering Limited is an engineering-led integrated manufacturer of complex and critical precision engineered components across automotive and non-automotive sectors. Within the automotive sector, the company manufactures and supplies a range of precision forged and machined components and assemblies, such as connecting rod, rocker arm, crankshaft, gear shifter fork, stem comp, and aluminium forged parts, that are critical for engine, transmission, suspension, braking, chassis and other systems for the two-wheeler, passenger vehicle and commercial vehicle verticals. Within the non-automotive sector, Sansera Engineering manufactures and supplies a range of precision components for the aerospace, off-road, agriculture and other segments, including engineering and capital goods. The company supplies most of their products directly to OEMs in finished (forged and machined) condition, resulting in significant value addition by them.

Within the non-automotive sector, it makes a range of precision components for the aerospace, off-road, agriculture and other segments, including engineering and capital goods. In FY21, the company earned 88.45 percent, and 11.55 percent of revenue from sale of products from the automotive sector and non-automotive sectors, respectively.

Sansera Engineering - Financial

 

Particulars

FY19

FY20

FY21

Revenue from Operations

1,624.43

1,457.17

1,549.27

EBITDA

291.98

240.66

295.21

EBITDA Margin (%)

17.80%

16.34%

18.78%

PAT (excluding exceptional items)

98.06

79.90

109.86

PAT (%)

5.98%

5.42%

6.99%

For additional information and risk factors please refer to the Red Herring Prospectus. Please note that this document is for information purpose only

 


Competitive Strengths:

Here, are some of the Competitive Strengths of the company.

A leading supplier of complex and high-quality precision engineered components that is gaining market share across automotive and non-automotive sectors:

Sansera Engineering is one of the top 10 global suppliers of connecting rods in terms of production volume (units) for (i) Light Vehicles with a global market share of 2.3% in CY 2020 compared to a global market share of 0.9% in CY 2015 and (ii) CVs with a global market share of 3.0% in CY 2020 compared to a global market share of 0.9% in CY 2015. Within India, the company is one of the leading manufacturers of (i) connecting rods, crankshafts, rocker arms and gear shifter forks for twowheelers and (ii) connecting rods and rocker arms for passenger vehicles. Specifically, within two-wheelers, Sansera Engineering is the largest supplier of connecting rods, rocker arms and gear shifter forks in India. Within passenger vehicles, the company is the largest supplier of connecting rods and rocker arms in India. As at July 31, 2021, Sansera has been awarded business from 35 customers in the automotive sector and from 21 customers in the non-automotive sector across its product portfolio, where the start of production is either during or after Fiscal 2021.

Well diversified business model:

Sansera Engineering has a diversified and increasing customer base. Within India, their customers include nine of the top 10 two-wheeler OEMs and the leading passenger vehicle OEM based on production volume for Fiscal 2021. Globally, their customers include six out of top 10 global Light Vehicle OEMs and three of the top 10 global MHCV OEMs based on production volumes for CY 2020. The company derives their revenue from multiple segments within the automotive sector, including the two-wheeler, passenger vehicle and commercial vehicle verticals. Within the non-automotive sector, Sansera Engineering manufactures and supplies a range of precision components for the aerospace, off-road, agriculture and other segments, including engineering and capital goods. The company has focused on increasing their export revenues with a view to reduce dependence on the Indian market. The revenues from sale of products are geographically diversified with Europe, USA and other foreign countries accounting for 35.02% of the revenue from sale of products in FY21.

Long-standing relationships with well-known Indian and global OEM customers:

Within India, the company’s customers include nine of the top 10 two-wheeler OEMs and the leading passenger vehicle OEM based on production volume for Fiscal 2021. Globally, their customers include six out of top 10 global Light Vehicle OEMs and three of the top 10 global MHCV OEMs based on production volumes for CY 2020. Sansera Engineering has long-standing relationships with several well-known Indian and global OEMs. Specifically, (i) in the two-wheeler vertical the company has relationships of 25 fiscal years with Bajaj, over 20 years with Yamaha and over 20 years with HMSI, the third, fifth and second largest two-wheeler Indian OEMs in terms of domestic production volume for Fiscal 2021, respectively and (ii) in the passenger vehicle vertical the company has relationships of over 30 years with Maruti Suzuki, the leading Indian passenger vehicle OEM in terms of domestic production volume for Fiscal 2021 (source: the CRISIL Report), over 10 years with Stellantis N.V. (formerly Fiat Chrysler Automobiles), a leading European passenger vehicle OEM, and over 10 years with one of the leading North American passenger vehicle OEMs

Key Risks:
•    The COVID-19 pandemic has had, and the company expects it to continue to have, a material adverse effect on their business.

•    Sansera Engineering does not have firm commitment of long-term supply agreements with their customers. If the customers choose not to source their requirements from them, there may be a material adverse effect on their business. 

•    Pricing pressure from their customers may adversely affect their gross margin, profitability and ability to increase their prices, which may in turn have a material adverse effect on their results of operations.

*For complete list of risk factors referring to the Red Herring Prospectus.
 

How to apply for IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Contact Details of Sansera Engineering Ltd IPO

Contact Information

Address

Sansera Engineering Limited

Plant 7, Plot No. 143/A

Jigani Link Road, Bommasandra Industrial Area

Anekal Taluk, Bengaluru 560 105

Phone: +91 80 2783 9081

Email: rajesh.modi@sansera.in

Website: https://sansera.in/

Sansera Engineering Ltd IPO Register

Address

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Email: sansera.ipo@linktime.co.in

Website: https://www.linkintime.co.in

Sansera Engineering Ltd IPO Lead Manager

ICICI Securities Limited

IIFL Securities Ltd

Nomura Financial Advisory And Securities (India) Pvt Ltd