On the other hand, the country's biggest auto part maker Sona Comstar will release its IPO next week.Sansera Engineering has actually submitted draft red herring prospectus with the capital markets regulator Sebi for its initial public offering (IPO).
The vehicle component producer's IPO will be a market of 1,72,44,328 shares by the promoters and existing shareholders, i.e.
Client Ebene, CVCIGP II Workers Ebene and promoters - S Sekhar Vasan, Unni Rajagopal K, F R Singhvi and D Devaraj, as per the draft red herring prospectus submitted with Sebi.This is the business's second effort to tap the marketplaces.
Sansera Engineering had actually used to Sebi in August 2018 and received its clearance, but did not proceed with the launch.The Bengaluru-headquartered Sansera Engineering produces complex and vital accuracy crafted elements for two-wheeler, guest car and commercial car verticals.
It has producing facilities throughout Karnataka, Haryana, Maharashtra, Uttarakhand and Gujarat.ICICI Securities, IIFL Securities and Nomura Financial Advisory are the book running lead managers to Sansera Engineering's public issue.Meanwhile, the nation's biggest car part maker Sona Comstar will introduce its IPO next week.