Sansera Engineering Limited IPO Message Board (Page 17)

Promoter hold stock since last 39 years

And peole 39 days hold nahi kar sakte

Aur bate costly ki karte he

@jajo For a second assume you were in shoes of promoters. At what price you would sell and why
Do promoters should sell cheap so retail IPO applicants as well as QIBs and HNIs can make money. Please remember price is same for every one

It is a genuine question. Please remember promoters will also be paying tax on surplus value. There is some thing called interest value which promoter could have got it without risking any sleep for starting a business

@jajo - I agree with @arunARUN.

Say if you had invested in Infosys shares from their IPO in 1993 at 95/- per share and today lets assume its acquisition price is around 0.11/- per share after considering all bonus/rights/splits/dividend/buyback etc.

Now if you plan to sell those shares at current market price and someone ask you, why you are selling this shares at such higher price since your acquisition price is just 0.11?

Your answer to this will be the viewpoint of promotors as well. 🙂

Current GMP ?

72/74
10% of issue price

GMP 135±10

8 per 1 lagega...

Ragistrar se setting hai lagta hai tumhari tabhi itna sure se bol rahe ho 8 me ek lagega .

According to my valuation parameters,

The total assets of the company are 1928.883 crores and the liability as of 2018 (as I didn''t find it for 2020-21) is 472 crore but I assume it to be 500 crores as for 2020-21 so I am getting valuations of 830 rs per share by (total assets-total liability)/No. of shares issued.

Please tell me if this method is wrong or correct.

Thank you

that''s what the current GMP is hovering around your current valuation.

Ronne Lewis, IPO for 1283 crores.

For market cap you need to multiply total number of shares to higher end of price band as this is 100% OFS

Highest bid price 744 diluted eps 20.55 diluted nav 166.96 P/E 36.2 P/BV 4.45 very much reasonable compared to listed peers according to my limited knowledge.Comment if you have any other opinion.

Any expert opinion on pricing?

It is a fair pricing though money on the table may not be more than 20 percent on short term basis

comparing sansera with suprajit engineering ltd,

Sansera income ~ Suprajit income ~ 1600 crores

on higher band, P/B Sansera = 4.5
on current price (8th sept), P/B Suprajit = 4.45

on higher band, P/E Sansera = 35
on current price (8th sept), P/E Suprajit = 31

the RoNW for suprajit is 14.42% as compared to 12.31% for Sansera..

I am unable to find any value proposition for Sansera so far...!

You are comparing apples and oranges. If they had similar product lines it would still pass muster
I have Suprajeet shares as conversion out of their halogen division acquisition. So know about movement of the counter. Counter is good but not exciting
Sansera at this moment is the new boy/girl in the school

With reference to query of MOG, you may go to your Bank and ask the reason. It is a question whether any action can be initiated or not. They have 100+ reasons is not a reason. As replied by a gentleman that Bank is not charging any thing for this facility is very childish. A person having so much posts replies like this is not good. Bank is supposed to give this facility unless denied in the Banking rules. Banks are providing many facilities without charging any thing including this facility. When any charges are not taken by the Bank, means there is no responsibility of the Bank. Once cash is deposited, as there is no charges for the same, they may or maynot enter this transaction in your account. This is not like parents who have done a lot for us and in response we ignore them at all levels.
Please don''t misguide the members of this forum.
Go to the superiors and bring in notice of them so that at least such mistakes are not repeated in future. All Banks have same rules. Change of Bank is not a solution.

Promoters Average cost of acquisition of Equity Shares is below Rs17
Investors Average cost of acquisition of Equity Shares is ~Rs120

IPO Price is Rs744

After split and bonus a promoter''s one share of fv of Rs100 is converted into 725 shares of fv of Rs.2 and cost of one share of fv of Rs.2 to a promoter is less than 14 paise.

above numbers from DRHP which they must have calculated after split and bonus.

as per DRHP''s share capital history when the face value was 100, share price was Rs99930 (3 Jan 2012).
You are calculating incorrectly, I would suggest read DRHP properly.

what is market cap at issue price?

RS 1283 crore at highest bid price.

@RONNE, he is asking market cap not issue size. Market cap will be much higher than issue size.

GMP 125

You are giving 5000 for 2 lots?

Me nahi bazaar de raha hai so bechna nahi bechna aapki marzi

Seems to be very costly.
Every new entrant demanding huge premium.

If EPS is about 21, the PE looks slightly on the higher side. 85% of the revenue is from forging and mechanical components. With EVs a lot of these could possibly be re-engineered and i am not sure on where Sansera will be in the new scheme of things. A lot of things being "Unsure" category, i will not invest in this. Forum can let me know if i am mistaken.

Industry avg PE is 60 if they priced below 40 PE then something is left on the table.
GMP already 15%+

I will NOT apply for this koi. Looking costly. Greedy Promoters are out to extract money. Thanks.

Share face value rs 2/- every company demanding heavy premium. Nothing left on the table or for the applicent. Caution before the applying

Pursuant to the Board and Shareholders resolution dated July 27, 2018 and July 28, 2018, respectively, every one equity share of face
value Rs 100 each was sub-divided into 50 equity shares of Rs 2 each, and accordingly, 64,740 equity shares of face value Rs 100 each were
sub-divided into 3,237,000 equity shares of face value Rs 2 each

Bonus issue in the ratio of 27 Equity Shares for every two Equity Shares, authorised by the shareholders of our Company on July 28, 2018, was
undertaken through the capitalisation of the free reserves of our Company to persons who were the shareholders of our Company on July 27,
2018

Typo in the first comment ***
there were 27 bonus shares against 2 equity shares of FV2.

GMP Start 80+