Incorporated in 1987, Sandhar Technologies Limited is New Delhi, India based company engaged in the business of designing and manufacturing a diverse range of automotive components, parts and systems, largely focused on safety and security systems of vehicles.
The company is a leader in the two-wheeler locking systems market, and the commercial vehicle rear view market in India., and are one of the two largest companies catering to the commercial vehicle locking systems market, and the two wheeler rear view market in India. It is also one of the two largest manufacturers of operator cabins in India, along with being the largest player in the excavator cabins market.
The company manufacture its products from 29 manufacturing facilities across eight states in India, two manufacturing facilities in Spain, and one manufacturing facility in Mexico.
The company's customer portfolio consists of 79 Indian and global OEMs across various segments including Ashok Leyland, Doosan Bobcat, Escorts, Hero, Honda Cars, Komatsu, Scania, TAFE, Tata Motors, TVS, UM Lohia, and Volvo etc. In the last 12 years, the Company has received investment by two private equity investors, namely Actis Group and GTI.
As of October 31, 2017, it had a total work force of 7,744 individuals comprising of 2,363 employees, and 5,381 individuals engaged on contractual basis.
The Promoter of the Company is Mr. Jayant Davar. The Promoter directly holds 31,306,426 Equity Shares (inclusive of the 90,909 Equity Shares held by him in his capacity as sole proprietor of Sandhar Enterprises), representing 61.20% of the pre-Offer issued, subscribed, and paid-up capital of the Company.
|Particulars||For the year/period ended (in Rs. million)|
|Profit Before Tax||453.30||433.67||478.69||407.61||263.04|
|Profit After Tax||366.42||322.67||348.37||337.64||208.01|
The Offer comprises of the Fresh Issue and the Offer for Sale.
1. Offer For Sale
The Company will not receive any proceeds from the Offer for Sale.
2. Fresh Issue
The Company proposes to utilise the Net Proceeds from the Fresh Issue towards:
a. Repayment or prepayment in full, or in part of certain loans availed by the Company; and
b. General corporate purposes
»» Issue Open: Mar 19, 2018 - Mar 21, 2018
»» Issue Type: Book Built Issue IPO
»» Issue Size: [.] Equity Shares of Rs 10 aggregating up to Rs 565.60 Cr
› Fresh Issue of [.] Equity Shares of Rs 10 aggregating up to Rs 300.00 Cr
› Offer for Sale of 8,000,000 Equity Shares of Rs 10 aggregating up to Rs [.] Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs 327 - Rs 332 Per Equity Share
»» Market Lot: 45 Shares
»» Minimum Order Quantity: 45 Shares
»» Listing At: BSE, NSE
Sandhar Technologies IPO Subscription Status tells if Sandhar Technologies IPO subscribed or not. Investors can bid for IPO shares between 10 AM to 5 PM when public issue is open. Sandhar Technologies IPO oversubscribed if bids are received for more shares than what is offered by the company.
|Number of Times Subscribed (BSE + NSE)|
|As on Date & Time||QIB||NII||RII||Total|
|Shares Offered / Reserved||3,085,505||2,336,147||5,451,009||10,872,661|
|Day 1 - Mar 19, 2018 17:00 IST||0.0000||0.0100||0.1000||0.0500|
|Day 2 - Mar 20, 2018 17:00 IST||0.8900||0.0800||0.2700||0.4000|
|Day 3 - Mar 21, 2018 18:50 IST||14.5000||6.3900||1.3100||6.1400|
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