Sansera Engineering files IPO Papers

Sansera Engineering files IPO Papers
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Automotive component manufacturer Sansera Engineering has filed a draft red herring prospectus with the Sebi to raise funds via an initial public offering. The IPO comprises a complete offer for the sale of 1,72,44,328 equity shares by existing shareholders. Investors Client Ebene, and CVCIGP II Employees Ebene will sell up to 86,35,408 and 48,36,723 equity shares, respectively, via offer for sale. Promoter S Sekhar Vasan will sell up to 20,58,069 equity shares, and other promoters will also offload up to 5,71,376 equity shares each through an offer for sale.

Sansera is an engineering-led integrated manufacturer of complex and critical precision engineered components across automotive and non-automotive sectors. The company manufactures and supplies a wide range of precision forged and machined components and assemblies, such as connecting rod, rocker arm, crankshaft, gear shifter fork, stem comp, and aluminum forged parts that are critical for engine, transmission, suspension, braking, chassis, and other systems for the two-wheeler, passenger vehicle, and commercial vehicle verticals. As of April 30, 2021, it had 16 manufacturing facilities, of which 15 are in India and one facility is in Trollhättan, Sweden.

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IE&M Team
Indian Economy & Market is an Indian media and information platform producing data-backed news and analysis on all the vital elements at the intersection of the economy, stock markets, mutual fund, insurance, commodities, currency, technology, startups and business.

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