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News Details

Sansera Engineering announces launch of initial public offering

Back
09/09/2021 12:20
Sansera Engineering Ltd. has announced public offering of 17244328 shares at a price of Rs 2.00 each for Cash at a Premium of Rs 742.00 per share. The gross proceeds of the issue are expected to be Rs 1,28,297.80 lakhs.

The company's initial public offer (IPO) will open on 14 September 2021 and is expected to close on 16 September 2021, subject to customary closing conditions. The price band of the issue has been fixed at Rs 734.00-744.00 per share.

The IPO includes a fresh Issue of 17244328 Equity Shares of the Company at an price of Rs 744.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 20 shares with bids in multiples of 20.

Sansera Engineering Ltd. anticipates using the proceeds of the issue for To achieve the benefits of listing Equity Shares on the Stock ExchangesTo carry out the Offer for Sale .

as lead manager & LINK INTIME INDIA PRIVATE LIMITED is the registrar, to the issue.