Sansera Engineering has filed draft pink herring prospectus with the capital markets regulator Sebi for its preliminary public providing (IPO). The automotive element producer’s IPO might be a suggestion on the market of 1,72,44,328 shares by the promoters and current shareholders, i.e. Shopper Ebene, CVCIGP II Workers Ebene and promoters – S Sekhar Vasan, Unni Rajagopal Ok, F R Singhvi and D Devaraj, as per the draft pink herring prospectus filed with Sebi.
That is the corporate’s second try and 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 complicated and significant precision engineered elements for two-wheeler, passenger automobile and industrial automobile verticals. It has manufacturing services throughout Karnataka, Haryana, Maharashtra, Uttarakhand and Gujarat.
ICICI Securities, IIFL Securities and Nomura Monetary Advisory are the e book operating lead managers to Sansera Engineering’s public situation.
In the meantime, the nation’s largest auto element maker Sona Comstar will launch its IPO subsequent week.