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Sansera Engineering IPO, should you apply or not

 Sansera Engineering IPO Should subscribe or not ?

Sansera Engineering Ltd is a automotive components & non-automotive component manufacturing company, the company's IPO has opened today on 14th September 2021. The company has made an offer size of 1. By reducing 72 cr. 32 cr has been done. On 1st day hey company's IPO has become more than 50%subscribed. The IPO price of Sansera Engineering Company has been kept at 734rs to 744rs. However, the IPO price looks a bit expensive. But after doing research on the company, it seems that risk can be taken in this. But applying more lots will not be of much use. The company has more than 16 manufacturing facilities available, more than 34 years old This company also has a lot of industry experience. According to Sansera Engineering Company, more than 7400 employees are currently working in the company. The company wants to raise money from the market around 1283cr through public issue. The promoters of the company will distribute their share through offer for sale. Sansera Engineering Ltd. The company deals in precision forged and machined components and assemblies and is mainly engaged in the wheeler & four wheeler segment. The company also has some clients from the commercial vehicle segment. If we talk about the company's competitor, then its presence in the market is more than that. The direct competition to the company is from a company like Endurance Technologies Ltd. which is currently listed in the market and Endurance Technologies is currently trading at a ratio of approximately 33 p/e. The company has its presence in India, but along with this the company also exports its products to Europe, USA & other countries.


Sansera Engineering IPO, should you apply or not

 The response to the first day IPO is fine but not so aggressive response 64.18 lakh equity shares have been received for this IPO till today evening 14-Sept-2021 but there are still 2 more days to go. The issue of Sansera Engineering Ltd will be fully subscribed but it will be difficult to say after listing return. Talking about the premium of the gray market right now, it is going between 70s to 80s, but it would not be right to apply for IPO by trusting this premium right now because IPO will be open for two more days now. 16th of Sept 2021 will be the last date to apply for this IPO. If any long term investors want to apply in this IPO, then after seeing the subscription rate of IPO on 16th September 2021, apply because by then the picture will be clear. If we go by the fundamentals of the company, then the company can be a long term investment pick but the IPO price looks high. If seen, all the companies in the past have kept the IPO prices high in the bull market.

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Talking about the client list of the company, Sansera Engineering Ltd has strong clients who are associated with the company for a long time like Bajaj Autos, Hero Motors in the two wheeler segment. In the four wheeler segment, Sansera Engineering Ltd manufactures products for companies like Maruti Suzuki, Honda, Fiat, Volkswagen, etc. But the margins in this industry are a bit low. Because competition is very high.

If we talk about non-automotive components, then the company also manufactures some parts in the equipment's of the agriculture sector. Industrial Engines also has some parts supply and manufacturing.

Now these questions must be coming in the minds of many investors and traders that

  •  Should you apply for Sansera Engineering IPO or not?
  • Is it good to subscribe Sansera Engineering IPO for long term?
  • Is Sansera Engineering IPO good for Subscribe or not?
  • Sansera Engineering IPO Apply or Not? 
  • Sansera Engineering IPO subscribe or avoid?

The answer to all these questions is that after researching the Sansera Engineering Ltd Company, it seems that if any investor has a long term investment point of view, then only apply for this IPO. Otherwise Sansera Engineering IPO may be avoided. Long term investors should apply after the settlement of the listing price, if they want to invest in a new IPO. There are other companies listed in the market in this segment which are in good profit, attention can be given to them. Traders should not expect much good listing gains from Sansera Engineering IPO . Rest they will discuss about this IPO before listening day also.

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Disclaimer: The above discussion on Sansera Engineering IPO is my personal view. My view may differ from other experts of the market. Please do your own research before taking any decision. 

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