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.
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.
- 1 Sandhar Technologies IPO
- 2 Sandhar Technologies IPO, Allotment, Grey Market, GMP, Date, Price, Subscription, Listing Date
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
|28 March 2018||Rs. 14|
|21 March 2018||Rs. 20|
Sandhar Technologies IPO, Allotment, Grey Market, GMP, Date, Price, Subscription, Listing Date
|Name||Sandhar Technologies Ltd|
|Open Date||19 March 2018|
|Close Date||21 March 2018|
|Allotment Date||27 March 2018|
|Refund Date||28 March 2018|
|Listing Date||02 April 2018|
|Issue Price||Rs. 327 – Rs. 332 Per Equity Share|
|Lot Size||45 Shares|
|Minimum Order Quantity||45 Shares|
|Issue Type||Book Built Issue IPO|
|Issue Size||Initial 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 Manager||Axis Capital Limited, ICICI Securities Limited|
|Registrar||Link Intime India Private Ltd|
|Listing at||NSE / BSE|
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.
The offer of Sandhar would open for subscription on 19 March 2018 and close on 21 March 2018.
|Date||Total Revenue||Total Expenses||Profit after Tax|
|H1 FY 2018||Rs. 990.6||Rs. 887.0||Rs. 34.6|
|FY 2017||Rs. 1,633.5||Rs. 1,481.1||Rs. 39.6|
|FY 2016||Rs. 1,517.9||Rs. 1,371.9||Rs. 33.7|
|FY 2015||Rs. 1,487.3||Rs. 1,342.9||Rs. 38.4|
|FY 2014||Rs. 1,268.9||Rs. 1,148.7||Rs. 33.2|
|FY 2013||Rs. 1,162.3||Rs. 1,066.9||Rs. 19.2|
|**(All Figures in Rs. Crores)|
- 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
|Category||SHARES OFFERED||16 March 2018||19 March 2018||20 March 2018||21 March 2018|
ICICI Securities and Axis Capital will manage the IPO of Sandhar.
Link Intime India Private Limited is appointed as a registrar to the issue.
|Category||SHARES OFFERED||19 March 2018||20 March 2018||21 March 2018|
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 of Sandhar is 02nd April 2018.
Listing Day Figures (02nd April 2018)
|BSE (541163)||NSE (SANDHAR)|
|IPO Price||Rs. 332||Rs. 332|
|Open||Rs. 345||Rs. 346.10|
|High||Rs. 351.45||Rs. 351.75|
|Low||Rs. 318.55||Rs. 318.25|
|Close||Rs. 322.55||Rs. 322.15|
Sandhar Technologies Ltd Address
Download IPO DRHP / Prospectus
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