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

IPO Opening Date	Mar 19, 2018
IPO Closing Date	Mar 21, 2018
Issue Type	Book Built Issue IPO
Face Value	₹10 per equity share
IPO Price	₹327 to ₹332 per equity share
Market Lot	45 Shares
Min Order Quantity	45 Shares
Listing At	BSE, NSE
Issue Size	[.] Eq Shares of ₹10 (aggregating up to ₹565.60 Cr)
Fresh Issue	[.] Eq Shares of ₹10 (aggregating up to ₹300.00 Cr)
Offer for Sale	8,000,000 Eq Shares of ₹10 (aggregating up to ₹[.] Cr)

Sandhar Technologies IPO Lot Size

The Sandhar Technologies IPO market lot size is 45 shares. A retail-individual investor can apply for up to 13 lots (585 shares or ₹194,220).

Application	Lots	Shares	Amount (Cut-off)
Minimum	1	45	₹14,940
Maximum	13	585	₹194,220

Sandhar Technologies IPO Subscription Status (Bidding Detail)

The Sandhar Technologies IPO is subscribed 6.14x times on Mar 21, 2018 18:50. The public issue subscribed 1.31x in the retail category, 14.50x in the QIB category, and 6.39x in the NII category. Check Day by Day Subscription Details (Live Status)

Category	IPO Subscription
QIB	14.50x
NII	6.39x
RII	1.31x
Total	6.14x

Sandhar Technologies IPO Prospectus

Sandhar Technologies IPO Rating

327

3.7

Rating:

Vote Here ...

Sandhar Technologies IPO Listing Date

Listing Date	Monday, April 2, 2018
BSE Script Code	541163
NSE Symbol	SANDHAR
Listing In
ISIN	INE278H01035
IPO Price	₹332 per equity share
Face Value	₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume

BSE
₹332.00
₹345.00
₹318.55
₹351.45
₹322.55
1,316,314

NSE
₹332.00
₹346.10
₹318.25
₹351.75
₹322.15
9,834,709

Sandhar Technologies IPO Reviews / Ratings

Dilip Davda - Subscribe
Hem Securities - Subscribe
Rudra Shares & Stock Brokers Ltd - Subscribe
Choice Equity Broking Pvt Ltd - Subscribe
Prabhudas Lilladher Pvt Ltd - Avoid
Geojit Securities Ltd - Subscribe

Company Contact Information

Sandhar Technologies Limited
B-6/20, L.S.C.
Safdarjung Enclave
New Delhi � 110

Phone: +91 124 451 8900
Email: info@sandhar.in
Website: http://www.sandhargroup.com/

Sandhar Technologies IPO Registrar

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

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

Sandhar Technologies IPO Lead Manager(s)

Lead Manager Reports

Sandhar Technologies IPO FAQs

What is Sandhar Technologies IPO?

Sandhar Technologies IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹565.60 Crores. The issue is priced at ₹327 to ₹332 per equity share. The minimum order quantity is 45 Shares.

The IPO opens on Mar 19, 2018, and closes on Mar 21, 2018.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
When Sandhar Technologies IPO will open?

The Sandhar Technologies IPO opens on Mar 19, 2018 and closes on Mar 21, 2018.
What is the lot size of Sandhar Technologies IPO?

Sandhar Technologies IPO lot size is 45 Shares and the minimum order quantity is 45 Shares.
How to apply for Sandhar Technologies IPO?

You can apply in Sandhar Technologies IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
When Sandhar Technologies IPO allotment?

The finalization of Basis of Allotment for Sandhar Technologies IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Sandhar Technologies IPO allotment status.
When is Sandhar Technologies IPO listing date?

The Sandhar Technologies IPO listing date is on Monday, April 2, 2018.

Sandhar Technologies IPO Message Board

Ranked Members

349. AHMEDABAD SMART IPO |May 12, 2018 16:16

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.

348. AHMEDABAD SMART IPO |Apr 11, 2018 13:06

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.

347. BullOverBear |Apr 10, 2018 23:00

Top Contributor (300+ 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.

346. sonal patel |Apr 10, 2018 17:07

IPO Mentor (700+ Posts, 3300+ Likes)

Sold 1 lot at 364... earn handsome 1500 rs profit...

345. Aniketiaf |Apr 10, 2018 15:21

IPO Guru (1300+ Posts, 8100+ Likes)

After H G INFRA, It's Sandhar tern to run.
Sandhar@ 357

344. wealth moto |Apr 7, 2018 00:40

Now Anil sir on Zee business ...@9 April

343. VALUE INVESTOR |Apr 2, 2018 14:44

IPO Mentor (900+ Posts, 600+ 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.....

Load more comments (1 replies)

343.2. dpcdsl |Apr 5, 2018 00:10

Top Contributor (300+ Posts, 200+ Likes)

Even low today was above issue price @332.55, touched high 347.80.

343.3. Cool Sunshine |Apr 5, 2018 02:55

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.

342. Anarchist |Apr 2, 2018 18:07

IPO Mentor (500+ Posts, 1400+ 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.

Load more comments (2 replies)

342.3. Cool Sunshine |Apr 4, 2018 00:41

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.

342.4. Anarchist |Apr 4, 2018 01:13

IPO Mentor (500+ Posts, 1400+ 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.

341. shaakaal |Apr 2, 2018 11:40

IPO Mentor (900+ Posts, 2100+ 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

341.1. shaakaal |Apr 3, 2018 15:22

IPO Mentor (900+ Posts, 2100+ Likes)

stop loss above 'brought' price ! :) ! :) ! :) ! :) ! :)

lol

newbie broker or trader :) :) :) hahahaha

341.2. Tejas pandya |Apr 4, 2018 00:14

Ha ha ha..

340. NAND KISHORE PARWAL |Apr 3, 2018 21:03

Top Contributor (200+ Posts, 100+ Likes)

Admin please correct listing day trading information. Issue price is 332.00 . Wrongly mentioned as 349.00

339. Ramesh jain |Apr 3, 2018 14:58

which is the next IPO in pipeline in this or next week?? any confirm news???

338. KAMMA SIVA RAMA KRISHNA |Apr 3, 2018 12:11

Chem Cho sir, congrats and all the best for your timely buy

338.1. shaakaal |Apr 3, 2018 12:48

IPO Mentor (900+ Posts, 2100+ Likes)

yesterday's stop loss disappeared.:)
Tomorrow new stop loss if price falls to 280-285 :)
hahaha...

338.2. Chem cho |Apr 3, 2018 13:57

IPO Guru (2000+ Posts, 2000+ Likes)

@ Shaakaal

ba ba b ba

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

337. CHD |Apr 3, 2018 13:01

IPO Guru (1100+ Posts, 400+ Likes)

With markets in deep turmoil everywhere .....it was all on expected lines ....!

336. Chem cho |Apr 3, 2018 11:13

IPO Guru (2000+ Posts, 2000+ 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

Load more comments (1 replies)

336.2. Chem cho |Apr 16, 2018 18:05

IPO Guru (2000+ Posts, 2000+ Likes)

stock today closing Rs 380.05 Nse 16 april 2018

336.3. Chem cho |Apr 30, 2018 13:50

IPO Guru (2000+ Posts, 2000+ Likes)

NOW RS 396 HIGH RS 399 30/4/18 12.50 PM

APPROX 20 % GAIN ON ISSUE PRICE

335. rvr |Apr 2, 2018 16:46

I think easy money from IPO is gone........now retailers will realise ...thank god ..I moved out my 3 lots @ 346

335.1. Kenny |Apr 2, 2018 22:34

Hey rvr ji.. :-D

Kesa ho ??

#eris_lifescience

335.2. Cool Sunshine |Apr 3, 2018 12:11

@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.

334. sonal patel |Apr 3, 2018 10:39

IPO Mentor (700+ Posts, 3300+ Likes)

Pop hello kisi ne ye nahi pucha next ipo konsa hee...kav aa raha he

333. CHD |Apr 3, 2018 09:59

IPO Guru (1100+ Posts, 400+ Likes)

Today is not a good day for the markets .....world markets are all down ...!

332. PT RAJ |Apr 3, 2018 09:28

Will it be go up or down today ?

331. AHMEDABAD SMART IPO |Apr 2, 2018 18:29

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.

331.1. CHD |Apr 2, 2018 18:41

IPO Guru (1100+ Posts, 400+ Likes)

Quite right

330. Anarchist |Apr 2, 2018 17:51

IPO Mentor (500+ Posts, 1400+ 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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