Sansera Engineering Files Papers With Sebi To Raise Funds Via IPO
Sansera Engineering has filed draft red herring prospectus with the capital markets regulator Sebi for its initial public offering (IPO). The automotive component manufacturer's IPO will be an offer for sale of 1,72,44,328 shares by the promoters and existing shareholders, i.e. Client Ebene, CVCIGP II Employees Ebene and promoters - S Sekhar Vasan, Unni Rajagopal K, F R Singhvi and D Devaraj, as per the draft red herring prospectus filed with Sebi.
This is the company's second attempt to tap the markets. Sansera Engineering had applied to Sebi in August 2018 and received its clearance, but did not go ahead with the launch.
The Bengaluru-headquartered Sansera Engineering manufactures complex and critical precision engineered components for two-wheeler, passenger vehicle and commercial vehicle verticals. It has manufacturing facilities across Karnataka, Haryana, Maharashtra, Uttarakhand and Gujarat.
ICICI Securities, IIFL Securities and Nomura Financial Advisory are the book running lead managers to Sansera Engineering's public issue.
Meanwhile, the country's largest auto component maker Sona Comstar will launch its IPO next week.
-
Signature Play: The Classic Cocktail Is Dead. Or Is It?
Classic cocktails are disappearing from India's cocktail menus. But they're still being ordered, taught to bartenders and borrowed from. So, who's really having the last drink?
-
A New Samvat Wishlist: Inclusive Prosperity And Human Development
India has strengthened its economic foundations through infrastructure, digital access and enterprise. Its next growth chapter must deepen productivity, create better livelihoods and widen participation in prosperity.
-
Love, Sex Aur Dhokha: The Audacious Plot To Spy On Jensen Huang
A Taipei dinner, a Singapore chip buyer and a suspected Chinese asset: inside the alleged spy operation that got close to NVIDIA's Jensen Huang.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
