Sansera Engineering has filed draft crimson herring prospectus with the capital markets regulator Sebi for its initial public offering (IPO). The automotive element producer’s IPO will likely be a suggestion on the market of 1,72,44,328 shares by the promoters and present shareholders, i.e. Client Ebene, CVCIGP II Employees Ebene and promoters – S Sekhar Vasan, Unni Rajagopal Okay, F R Singhvi and D Devaraj, as per the draft crimson herring prospectus filed with Sebi.
This is the corporate’s second try to faucet the markets. Sansera Engineering had utilized to Sebi in August 2018 and acquired its clearance, however didn’t go forward with the launch.
The Bengaluru-headquartered Sansera Engineering manufactures advanced and important precision engineered parts for two-wheeler, passenger automobile and business automobile verticals. It has manufacturing amenities throughout Karnataka, Haryana, Maharashtra, Uttarakhand and Gujarat.
ICICI Securities, IIFL Securities and Nomura Financial Advisory are the e book working lead managers to Sansera Engineering’s public challenge.
Meanwhile, the nation’s largest auto element maker Sona Comstar will launch its IPO subsequent week.