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Sandhar Technologies Limited IPO (Sandhar Technologies IPO) Detail

March 19, 2018 - March 21, 2018

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.

Sandhar Technologies IPO Details

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 Sale8,000,000 shares of ₹10
(aggregating up to ₹[.] Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Sandhar Technologies IPO Reservation

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 OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered3,085,505 (28.38%)NA
NII (HNI) Shares Offered2,336,147 (21.49%)
Retail Shares Offered5,451,009 (50.14%)121,133
Total Shares Offered10,872,661 (100%)

Sandhar Technologies IPO Lot Size

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

About Sandhar Technologies Limited

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 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 (Sandhar Technologies IPO Objectives)

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 Review (Apply)

[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...

Sandhar Technologies IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)

Sandhar Technologies IPO Prospectus

Sandhar Technologies IPO Rating

Rating:Rated 3.7 stars
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Sandhar Technologies IPO Listing Details

Listing Date April 2, 2018
BSE Script Code 541163
ISIN INE278H01035
Final Issue Price ₹332 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Sandhar Technologies Limited Contact Details

Sandhar Technologies Limited
B-6/20, L.S.C.
Safdarjung Enclave
New Delhi � 110
Phone: +91 124 451 8900

Sandhar Technologies IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Sandhar Technologies IPO - Buy or Not

Sandhar Technologies IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 5 0 1
Members 0 0 0

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Sandhar Technologies IPO FAQs

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.

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

Ranked Members of Forum  Ranked Members | Members with Most Likes



349. AHMEDABAD SMART IPO |   Link |  Bookmark |May 12, 2018 3:16:38 PM
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 |   Link |  Bookmark |April 11, 2018 12:06:08 PM
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 |   Link |  Bookmark |April 10, 2018 10:00:12 PM
Top Contributor 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 |   Link |  Bookmark |April 10, 2018 4:07:34 PM
IPO Guru IPO Guru (1500+ Posts, 5700+ Likes)
Sold 1 lot at 364... earn handsome 1500 rs profit...
345. Aniketiaf |   Link |  Bookmark |April 10, 2018 2:21:09 PM
IPO Guru IPO Guru (1800+ Posts, 10200+ Likes)
After H G INFRA, It's Sandhar tern to run.
Sandhar@ 357
344. wealth moto |   Link |  Bookmark |April 6, 2018 11:40:35 PM
Now Anil sir on Zee business ...@9 April
343. VALUE INVESTOR |   Link |  Bookmark |April 2, 2018 1:44:22 PM (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.....
343.2. dpcdsl |   Link |  Bookmark |April 4, 2018 11:10:18 PM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Even low today was above issue price @332.55, touched high 347.80.
343.3. Cool Sunshine |   Link |  Bookmark |April 5, 2018 1:55:45 AM
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 |   Link |  Bookmark |April 2, 2018 5:07:57 PM (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.
342.3. Cool Sunshine |   Link |  Bookmark |April 3, 2018 11:41:43 PM
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 |   Link |  Bookmark |April 4, 2018 12:13:45 AM (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 |   Link |  Bookmark |April 2, 2018 10:40:18 AM
IPO Guru IPO Guru (1300+ Posts, 3200+ 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 |   Link |  Bookmark |April 3, 2018 2:22:30 PM
IPO Guru IPO Guru (1300+ Posts, 3200+ Likes)
stop loss above 'brought' price ! :) ! :) ! :) ! :) ! :)


newbie broker or trader :) :) :) hahahaha
341.2. Tejas pandya |   Link |  Bookmark |April 3, 2018 11:14:30 PM
IPO Guru IPO Guru (2600+ Posts, 2100+ Likes)
Ha ha ha..
340. NAND KISHORE PARWAL |   Link |  Bookmark |April 3, 2018 8:03:40 PM
Top Contributor Top Contributor (500+ Posts, 200+ Likes)
Admin please correct listing day trading information. Issue price is 332.00 . Wrongly mentioned as 349.00
339. Ramesh jain |   Link |  Bookmark |April 3, 2018 1:58:07 PM
which is the next IPO in pipeline in this or next week?? any confirm news???
338. KAMMA SIVA RAMA KRISHNA |   Link |  Bookmark |April 3, 2018 11:11:50 AM
Chem Cho sir, congrats and all the best for your timely buy
338.1. shaakaal |   Link |  Bookmark |April 3, 2018 11:48:21 AM
IPO Guru IPO Guru (1300+ Posts, 3200+ Likes)
yesterday's stop loss disappeared.:)
Tomorrow new stop loss if price falls to 280-285 :)
338.2. Chem cho |   Link |  Bookmark |April 3, 2018 12:57:04 PM
IPO Guru IPO Guru (2500+ Posts, 2700+ Likes)
@ Shaakaal

ba ba b ba

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

337. CHD |   Link |  Bookmark |April 3, 2018 12:01:28 PM (1100+ Posts, 500+ Likes)
With markets in deep turmoil everywhere was all on expected lines ....!
336. Chem cho |   Link |  Bookmark |April 3, 2018 10:13:34 AM
IPO Guru IPO Guru (2500+ Posts, 2700+ 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
336.2. Chem cho |   Link |  Bookmark |April 16, 2018 5:05:35 PM
IPO Guru IPO Guru (2500+ Posts, 2700+ Likes)
stock today closing Rs 380.05 Nse 16 april 2018
336.3. Chem cho |   Link |  Bookmark |April 30, 2018 12:50:50 PM
IPO Guru IPO Guru (2500+ Posts, 2700+ Likes)
NOW RS 396 HIGH RS 399 30/4/18 12.50 PM

335. rvr |   Link |  Bookmark |April 2, 2018 3:46:29 PM
I think easy money from IPO is retailers will realise ...thank god ..I moved out my 3 lots @ 346
335.1. Kenny |   Link |  Bookmark |April 2, 2018 9:34:04 PM
Hey rvr ji.. :-D

Kesa ho ??

335.2. Cool Sunshine |   Link |  Bookmark |April 3, 2018 11:11:32 AM

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 |   Link |  Bookmark |April 3, 2018 9:39:26 AM
IPO Guru IPO Guru (1500+ Posts, 5700+ Likes)
Pop hello kisi ne ye nahi pucha next ipo konsa hee...kav aa raha he
333. CHD |   Link |  Bookmark |April 3, 2018 8:59:38 AM (1100+ Posts, 500+ Likes)
Today is not a good day for the markets markets are all down ...!
332. PT RAJ |   Link |  Bookmark |April 3, 2018 8:28:29 AM
Will it be go up or down today ?
331. AHMEDABAD SMART IPO |   Link |  Bookmark |April 2, 2018 5:29:36 PM
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 |   Link |  Bookmark |April 2, 2018 5:41:18 PM (1100+ Posts, 500+ Likes)
Quite right
330. Anarchist |   Link |  Bookmark |April 2, 2018 4:51:13 PM (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......