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Sandhar Technologies IPO is a book built issue of Rs 565.60 crores. The issue comprises of fresh issue of Rs 300.00 crore and offer for sale of 0.8 crore shares.
Sandhar Technologies IPO bidding started from March 19, 2018 and ended on March 21, 2018. The shares got listed on BSE, NSE on April 2, 2018.
Sandhar Technologies IPO price band is set at ₹327 to ₹332 per share. The minimum lot size for an application is 45 Shares. The minimum amount of investment required by retail investors is ₹14,940.
Axis Capital Limited and ICICI Securities Limited are the book running lead managers of the Sandhar Technologies IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Sandhar Technologies IPO RHP for detailed information.
| IPO Date | March 19, 2018 to March 21, 2018 |
| Listing Date | April 2, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹327 to ₹332 per share |
| Lot Size | 45 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹565.60 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹300.00 Cr) |
| Offer for Sale | 8,000,000 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Sandhar Technologies IPO offers 10,872,661 shares. 3,085,505 (28.38%) to QIB, 2,336,147 (21.49%) to NII, 5,451,009 (50.14%) to RII. 121,133 RIIs will receive minimum 45 shares and (sNII) and (bNII) will receive minimum 630 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 3,085,505 (28.38%) | NA |
| NII (HNI) Shares Offered | 2,336,147 (21.49%) | |
| Retail Shares Offered | 5,451,009 (50.14%) | 121,133 |
| Total Shares Offered | 10,872,661 (100%) |
Investors can bid for a minimum of 45 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 45 | ₹14,940 |
| Retail (Max) | 13 | 585 | ₹194,220 |
| Lot Size Calculator | |||
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.
| 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 |
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
[Dilip Davda] Auto sector is set for bright prospects ahead in general and two wheeler segment in particular. This company is a market leader in two wheeler segment and gearing for latest digital technology products to stay tuned with the times. Investors may consider investment for short to long term. Read detail review...
The Sandhar Technologies IPO is subscribed 6.14 times on March 21, 2018 6:50:00 PM. The public issue subscribed 1.31 times in the retail category, 14.50 times in the QIB category, and 6.39 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 14.50 |
| NII | 6.39 |
| Retail | 1.31 |
| Total | 6.14 |
| Listing Date | April 2, 2018 |
| BSE Script Code | 541163 |
| NSE Symbol | SANDHAR |
| ISIN | INE278H01035 |
| Final Issue Price | ₹332 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹332.00 |
| ₹345.00 |
| ₹318.55 |
| ₹351.45 |
| ₹322.55 |
| NSE |
|---|
| ₹332.00 |
| ₹346.10 |
| ₹318.25 |
| ₹351.75 |
| ₹322.15 |
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/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: stl.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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 share. The minimum order quantity is 45 Shares.
The IPO opens on March 19, 2018, and closes on March 21, 2018.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Sandhar Technologies IPO opens on March 19, 2018 and closes on March 21, 2018.
Sandhar Technologies IPO lot size is 45 Shares, and the minimum amount required is ₹14,940.
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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
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.
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RHP
Top Contributor (300+ Posts, 100+ Likes)
IPO Guru (1500+ Posts, 5700+ Likes)
Wait for 4 to 6 month's. It will be sure 525 to 550.
Its good Automobile Parts Company, Specially in Locking system.