Sandhar Technologies Limited IPO, Sandhar Technologies IPO Detail

By | March 28, 2018
Sandhar Technologies Limited IPO, Sandhar Technologies IPO Detail, Sandhar Technologies IPO Allotment, Sandhar Technologies IPO Grey Market, GMP Premium, and Price.

The auto parts manufacturer Sandhar Technologies Limited will be launching its initial public offer (IPO) in March 2018. The IPO of Sandhar Technologies will be open for the subscription on Monday, March 19, 2018. The company had received the permission from market regulator SEBI in the previous month. The company has sought the approval to launch the IPO in December 2017. The Bid/Offer Period will end on Wednesday, March 21, 2018. Those who want to apply for this IPO must check the information related to this IPO at the Sandhar Technologies DRHP. The DRHP / Prospectus can be downloaded from the SEBI website or from the bottom of this web page.

Sandhar Technologies IPO

Sandhar Technologies IPO

The company has also notified the investors and stock exchanges that it has also decided the price band of the issue. The price band of the Sandhar Technologies IPO has been fixed from Rs. 327 to Rs. 332 per equity share having a face value of Rs. 10 each.

The issue of Sandhar Technologies will consist of the fresh issue and Offer for sale. The company will raise Rs. 300 crore via issuing fresh equity shares of Rs. 10 and Offer for sale of up to 64,00,000 equity shares. The total size of Sandhar Technologies IPO will be Rs. 509.28 crore.

Now, readers can check the below-given part of our website for more details regarding the Sandhar Technologies Allotment Status, Sandhar Technologies IPO Financials, Sandhar Technologies IPO Listing dates, Sandhar Technologies IPO Grey Market price, GMP, review, polls, address etc. Please do your homework before applying for this IPO.

Sandhar Technologies IPO

About the company:  Sandhar Technologies Limited is an automotive component manufacturer and supplier. The company was incorporated in 1987. Sandhar is headquartered in Gurgaon.

Sandhar is currently manufacturing 21 categories of products which includes safety and security systems such as lock assemblies, mirror assemblies, operator cabins for off-highway vehicles, aluminum spools, spindles, and hubs. It caters its products to 79 original equipment manufacturers includes Honda, Ashok Leyland, TVS Motor Company, Hyundai, Yamaha, Tata Motors among others.

Sandhar has 31 manufacturing plants in different parts of India, two in Spain, and one in Mexico. The company is working to add eight new facilities in India.

The 58% of the revenue of Sandhar comes from two-wheelers, 31% from the passenger four-wheelers and the 9% from off-highway players.

Company Promoter: Jayant Davar

Objects of the Issue

The Sandhar Technologies IPO / Offer comprises of the Fresh Issue and the Offer for Sale.

Offer for Sale

  • 64,00,000 equity shares will be sold by the promoter.
  • Sandhar Technologies Ltd will not receive any proceeds from the Offer for Sale.

Fresh Issue

  • Repayment or prepayment in full, or in part of certain loans availed by our Company.
  • General corporate purposes.
  • Receive the benefits of listing of the Equity Shares on the Stock Exchanges.
  • Enhancement of the Company’s brand name.

Sandhar Technologies IPO Grey Market Price, GMP, Rates and Premium

DateGMPKostak RateSauda
28 March 2018Rs. 14
21 March 2018Rs. 20

Sandhar Technologies IPO, Allotment, Grey Market, GMP, Date, Price, Subscription, Listing Date

NameSandhar Technologies Ltd
Open Date19 March 2018
Close Date21 March 2018
Allotment Date27 March 2018
Refund Date28 March 2018
Listing Date02 April 2018
Issue PriceRs. 327 – Rs. 332 Per Equity Share
Lot Size45 Shares
Minimum Order Quantity45 Shares
Issue TypeBook Built Issue IPO
Issue SizeInitial Public offer of [.] Equity Shares Aggregating up To Rs. 300 Crores (Fresh Issue) and an offer for sale of up to 6,400,000 Equity Shares.
Lead ManagerAxis Capital Limited, ICICI Securities Limited
RegistrarLink Intime India Private Ltd
Listing atNSE / BSE
IPO Poll

Would you apply to the Sandhar Technologies IPO?

  • Yes (85%, 35 Votes)
  • No (15%, 6 Votes)

Total Voters: 41

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IPO Price

The issue price is in the range of Rs. 327 – Rs. 332 per equity share. The face value of Sandhar IPO will be Rs. 10 and the lot size will be 45 Shares. The company wants to raise Rs. 509.28 crore.

IPO Date

The offer of Sandhar would open for subscription on 19 March 2018 and close on 21 March 2018.

Financials

DateTotal RevenueTotal ExpensesProfit after Tax
H1 FY 2018
Rs. 990.6Rs. 887.0Rs. 34.6
FY 2017Rs. 1,633.5Rs. 1,481.1Rs. 39.6
FY 2016Rs. 1,517.9Rs. 1,371.9Rs. 33.7
FY 2015Rs. 1,487.3Rs. 1,342.9Rs. 38.4
FY 2014Rs. 1,268.9Rs. 1,148.7Rs. 33.2
FY 2013Rs. 1,162.3Rs. 1,066.9Rs. 19.2
**(All Figures in Rs. Crores)

Valuations

  • Earnings Per Share (EPS): Rs. 7.66
  • Price/Earnings (P/E) ratio: Rs. 42.68 – 43.34
  • Return on Net Worth (RONW): 13.01%
  • Net Asset Value (NAV): Rs. 58.91 per share

Subscription Details

CategorySHARES OFFERED16 March 201819 March 201820 March 201821 March 2018
RII21500000.100.460.782.01
NII17200002.072.162.173.44
QIB4300001.051.551.551.55
Total43000000.981.251.422.54

Lead Managers

ICICI Securities and Axis Capital will manage the IPO of Sandhar.

Registrar

Link Intime India Private Limited is appointed as a registrar to the issue.

Link Intime India Private Limited

  • Telephone: +91-22-25963838
  • Fax: +91-22-25946969
  • Email: [email protected]
  • Website: www.linkintime.co.in

IPO Subscription

CategorySHARES OFFERED19 March 201820 March 201821 March 2018
RII54510090.100.271.42
NII23361470.010.086.39
QIB30855050.000.89
14.49
Total108726610.050.406.19

Sandhar Technologies IPO Allotment

It is expected that the registrar Link Intime India Private Limited will declare the IPO allotment on 27th March 2018 at its officil website. Investors could check the link of the allotment at above mentioned date.

Listing Date

Listing Date of Sandhar is 02nd April 2018.
Listing Day Figures (02nd April 2018)

 BSE (541163)NSE (SANDHAR)
IPO PriceRs. 332Rs. 332
OpenRs. 345Rs. 346.10
HighRs. 351.45Rs. 351.75
LowRs. 318.55Rs. 318.25
CloseRs. 322.55Rs. 322.15

Sandhar Technologies Ltd Address

Registered Office: B-6/20, L.S.C. Safdarjung Enclave, New Delhi – 110 029, India

Corporate Office: #13, Sector – 44, Gurugram – 122 002, Haryana, India

Telephone: +91 124 451 8900
Fax: +91 124 451 8912
E-mail: [email protected]andhar.in
Website: www.sandhargroup.com

Download IPO DRHP / Prospectus

Download Now – Click Here.

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