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Sandhar Technologies Limited IPO (Sandhar Technologies IPO) Detail

Mar 19, 2018 - Mar 21, 2018

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.

Company Promoters:

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.

Company Financials:

Summary of financial Information (Restated Standalone)
Particulars For the year/period ended (in Rs. million)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 8,449.03 7,640.62 7,504.36 6,213.64 5,424.39
Total Revenue 13,743.14 12,933.59 12,624.16 10,438.24 9,643.81
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

Objects of the Issue:

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

Sandhar Technologies IPO Details

Issue OpenMar 19, 2018 - Mar 21, 2018
Issue TypeBook Built Issue IPO
Issue Size[.] Eq Shares of Rs 10
(aggregating up to Rs 565.60 Cr)
Fresh Issue[.] Eq Shares of Rs 10
(aggregating up to Rs 300.00 Cr)
Offer for Sale8,000,000 Eq Shares of Rs 10
(aggregating up to Rs [.] Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs 327 - Rs 332 Per Equity Share
Market Lot45 Shares
Min Order Quantity45 Shares
Listing AtBSE, NSE

Sandhar Technologies IPO Subscription Status (Bidding Detail)

Sandhar Technologies IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Total

Shares Offered

3,085,505

2,336,147

5,451,009

10,872,661

Mar 21, 2018 18:50

14.50x

6.39x

1.31x

6.14x

Sandhar Technologies IPO Prospectus

Sandhar Technologies IPO Rating

327
3.7
Rating:Rated 3.7 stars

Vote Here ...

Sandhar Technologies IPO Listing Date

  •   ›  Listing Date: Monday, April 2, 2018
  •   ›  BSE Script Code: 541163
  •   ›  NSE Symbol: SANDHAR
  •   ›  Listing In:
  •   ›  ISIN: INE278H01035
  •   ›  Issue Price: Rs 332 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume
BSE
Rs 332.00
Rs 345.00
Rs 318.55
Rs 351.45
Rs 322.55
1,316,314
NSE
Rs 332.00
Rs 346.10
Rs 318.25
Rs 351.75
Rs 322.15
9,834,709

Sandhar Technologies IPO Reviews / Ratings

Dilip Davda - Subscribe
Capital Market Review
Geojit: Subscribe
Choice Broking: Subscribe with caution
Prabhudas Lilladher: Avoid
IIFL: Subscribe
Hem Securities: Subscribe.

Company Contact Information

Sandhar Technologies Limited
B-6/20, L.S.C.
Safdarjung Enclave
New Delhi – 110
Phone: +91 124 451 8900
Fax: +91 124 451 8912
Email: info@sandhar.in
Website: http://www.sandhargroup.com/

Sandhar Technologies IPO Registrar

Link Intime India Private Ltd   »  Report
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Fax: +91-22-4918 6060
Email: stl.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Sandhar Technologies IPO Lead Manager(s)

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Sandhar Technologies IPO Review / Comments

avatar
349. AHMEDABAD SMART IPO  May 12, 2018 15:16 I Like It. | Report Abuse
Sandhaar technologies is Operator Base Item.
Wait for 4 to 6 month's. It will be sure 525 to 550.
Its good Automobile Parts Company, Specially in Locking system.
avatar
348. AHMEDABAD SMART IPO  Apr 11, 2018 12:06 I Like It. | Report Abuse
It's a good bat for holding shares of IPO. Wait for long term. Good command in market for two wheeler lock system & parts. Small quantity in market now. Maximum shares are in company circle only.
avatar
347. BullOverBear  Apr 10, 2018 22:00 I Like It. 1 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Took exit from Sandhar Tech today.

IMO: It may climb further, however it may give opportunity to re-enter too.

Disclaimer: Took exit, as already having substantial exposure to automobile and auto-ancillary stock.
avatar
346. sonal patel  Apr 10, 2018 16:07 I Like It. 2 | Report Abuse
Top Contributor Top Contributor (300+ Posts, 1300+ Likes)
Sold 1 lot at 364... earn handsome 1500 rs profit...
avatar
345. Aniketiaf  Apr 10, 2018 14:21 I Like It. 4 | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 3900+ Likes)
After H G INFRA, It's Sandhar tern to run.
Sandhar@ 357
avatar
344. wealth moto  Apr 6, 2018 23:40 I Like It. | Report Abuse
Now Anil sir on Zee business ...@9 April
avatar
343. VALUE INVESTOR  Apr 2, 2018 13:44 I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 500+ Likes)
No chance now of going above issue price.
Sell at par if still holding......
All automobile listing like precision camshafts have listed in gains and how gone into losses.
Wait for few days to enter.....
avatar
343.2. dpcdsl  Apr 4, 2018 23:10 I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Even low today was above issue price @332.55, touched high 347.80.
avatar
343.3. Cool Sunshine  Apr 5, 2018 01:55 I Like It. 4 | Report Abuse
The issue listed close to issue price 344-45 and then went down upto 305-306 and then came back today to 344. So there is no clear trend yet.

Fact of the matter is that it already gave an opportunity for believer in this stock to enter post listing in this stock at 8-9% below IPO issue price.

avatar
342. Anarchist  Apr 2, 2018 17:07 I Like It. 4 | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 1300+ Likes)
Policymakers had owed to link the interest rates to the 10 year treasury yield..but it appears that the rule applies only when the yields move downard....So it's always ' Cheet Mai jeeta (For the policymakers) and Pat Tum Haare' (for the fixed assets investors)...type situation..

On many occasions, the policy decisions taken are so damn strange and contradictory to the doctrine, that a few wonder if Policymakers had owed to link the interest rates to the 10 year treasury yield..but it appears that the rule applies only when the yields move down....So it's always ' Cheet Mai jeeta (For the policymakers) and Pat Tum Haare' (for the fixed assets investors...

On many occasions, the policy decisions taken are so damn strange and contradictory to the doctrine, that a few wonder if many people with completely different mindsets take turns while taking such decisions or is it just one notorious person with multiple personality disorder at the helm.
avatar
342.3. Cool Sunshine  Apr 3, 2018 23:41 I Like It. 5 | Report Abuse
GDP calculation method changed to ensure that growth rate doesn't seem any where inferior to previous dispensation.

It is hard to believe that official inflation statistics under current dispensation will be declared as HIGH with all desperation to win election 2019.
avatar
342.4. Anarchist  Apr 4, 2018 00:13 I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 1300+ Likes)
Anybody who says those numbers are plain gimmicks is a defector. Real patriots commend how skilfully a couple of ultra smart brains are managing a billion idiots.
avatar
341. shaakaal  Apr 2, 2018 10:40 I Like It. 8 | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 1600+ Likes)
320.8. Chem cho Apr 2, 2018 10:14:16 AM IST I Like It. 1 | Report Abuse
IPO Guru IPO Guru (1600+ Posts, 1200+ Likes)
brought at rs 338.2 for my clients

stop loss rs 339

avatar
341.1. shaakaal  Apr 3, 2018 14:22 I Like It. | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 1600+ Likes)
stop loss above 'brought' price ! :) ! :) ! :) ! :) ! :)

lol

newbie broker or trader :) :) :) hahahaha
avatar
341.2. Tejas pandya  Apr 3, 2018 23:14 I Like It. | Report Abuse
Ha ha ha..
avatar
340. NAND KISHORE PARWAL  Apr 3, 2018 20:03 I Like It. 1 | Report Abuse
Admin please correct listing day trading information. Issue price is 332.00 . Wrongly mentioned as 349.00
avatar
339. Ramesh jain  Apr 3, 2018 13:58 I Like It. | Report Abuse
which is the next IPO in pipeline in this or next week?? any confirm news???
avatar
338. KAMMA SIVA RAMA KRISHNA  Apr 3, 2018 11:11 I Like It. 2 | Report Abuse
Chem Cho sir, congrats and all the best for your timely buy
avatar
338.1. shaakaal  Apr 3, 2018 11:48 I Like It. 6 | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 1600+ Likes)
yesterday's stop loss disappeared.:)
Tomorrow new stop loss if price falls to 280-285 :)
hahaha...
avatar
338.2. Chem cho  Apr 3, 2018 12:57 I Like It. 3 | Report Abuse
IPO Guru IPO Guru (1700+ Posts, 1500+ Likes)
@ Shaakaal

ba ba b ba

buying and selling stop loss for traders and not for those who are ha aha ah

avatar
337. CHD  Apr 3, 2018 12:01 I Like It. | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
With markets in deep turmoil everywhere .....it was all on expected lines ....!
avatar
336. Chem cho  Apr 3, 2018 10:13 I Like It. 6 | Report Abuse
IPO Guru IPO Guru (1700+ Posts, 1500+ Likes)
Stock brought @ rs 306- 307 todays

now rs 320 my trading stoploss is Rs 315 target rs 325 today

those who have not sold the stock hold on with strict stoploss of 303 for an target of rs 325 - 333 today or tomorrow if the market does not fall below 10150 niffty 10218 now at 10.12 am
avatar
336.2. Chem cho  Apr 16, 2018 17:05 I Like It. | Report Abuse
IPO Guru IPO Guru (1700+ Posts, 1500+ Likes)
stock today closing Rs 380.05 Nse 16 april 2018
avatar
336.3. Chem cho  Apr 30, 2018 12:50 I Like It. 2 | Report Abuse
IPO Guru IPO Guru (1700+ Posts, 1500+ Likes)
NOW RS 396 HIGH RS 399 30/4/18 12.50 PM

APPROX 20 % GAIN ON ISSUE PRICE
avatar
335. rvr  Apr 2, 2018 15:46 I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 500+ Likes)
I think easy money from IPO is gone........now retailers will realise ...thank god ..I moved out my 3 lots @ 346
avatar
335.1. Kenny  Apr 2, 2018 21:34 I Like It. | Report Abuse
Hey rvr ji.. :-D

Kesa ho ??

#eris_lifescience
avatar
335.2. Cool Sunshine  Apr 3, 2018 11:11 I Like It. 5 | Report Abuse
@rvr

Market doesn't give free lunch. Party continued for some time due to excess liquidity. Most of the retailers will lose significant portion of their earlier IPO earnings (if they haven't already done so) and will be forced out from IPO market for a reasonable time.
With easy liquidity and coercion on social media and media advertising......retailers kept on justifying all the IPOs and subscribed in the past. Once they lose all their earning .....they will think twice before entering into IPOs only to flip.
avatar
334. sonal patel  Apr 3, 2018 09:39 I Like It. 5 | Report Abuse
Top Contributor Top Contributor (300+ Posts, 1300+ Likes)
Pop hello kisi ne ye nahi pucha next ipo konsa hee...kav aa raha he
avatar
333. CHD  Apr 3, 2018 08:59 I Like It. | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
Today is not a good day for the markets .....world markets are all down ...!
avatar
332. PT RAJ  Apr 3, 2018 08:28 I Like It. | Report Abuse
Will it be go up or down today ?
avatar
331. AHMEDABAD SMART IPO  Apr 2, 2018 17:29 I Like It. 2 | Report Abuse
Don't worry dear investor's...
Its a big game. Last Friday Grey Market work with 40 Buyers Premium...But suddenly all trapped. Someone Buy big quantity shares. Good bat for 5 to 6 months. If you have not subscribe this IPO, then its a opportunity to buy this shares under IPO price.
avatar
331.1. CHD  Apr 2, 2018 17:41 I Like It. 1 | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
Quite right
avatar
330. Anarchist  Apr 2, 2018 16:51 I Like It. 2 | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 1300+ Likes)
There would be a 6-9 month window period until the retail clan is flushed out...I don't know how sensible it is to compare Sandhar with a uni product play like Precision Camshaft.

Some opted out of Precision, sighting a danger to it's existence with the unviable policy shift to electric vehicles...Things though would fall in line once people choose to understand that the reality can't get affected by talkativeness......
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