While the auto sector as a whole is facing a whole lot of issues ranging from muted demand in the two-wheeler space, a shortage of semiconductors or higher input prices, it is not deterring new companies in associated sectors to launch IPOs amid the rally in stock markets. Sansera Engineering, a Bengaluru-based auto component maker, is all set to make its debut on the bourses, the 41st company to achieve this milestone in 2021.
Sansera is an engineering-led integrated manufacturer of complex and critical precision engineered components across automotive and non-automative sectors and has a wide market. It is a leading manufacturer of connecting rods, crankshafts, rocker arms and gear shifter forks for two-wheelers, and connecting rods and rocker arms for passenger vehicles. Sansera has had long-standing relationships with two-wheeler and car makers.
The IPO opens for subscription on September 14 and will close on September 16. The price band has been set at Rs 734-744 per share.
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