Sansera Engineering IPO: The issue of Sansera Engineering, which manufactures complex and critical auto parts, closed on September 16. The allotment of its shares is likely to take place on September 21. Its issue price band was Rs 734-744. The company’s issue was subscribed 11.75 times till its last day. Bid was held for 13.88 crore equity shares in lieu of 1.21 crore equity shares of Sansera Engineering.
The reserve share for retail investors was filled at 3.15 times. While the reserve portion for employees was subscribed 1.37 times. The highest bid has been placed by qualified institutional buyers. The reserve share for these has been booked 26.47 times. While the reserve share for non-institutional investors is 11.37 times.
On September 13, a day before the issue opened on September 14, Sansera Engineering raised Rs 382 crore from anchor investors.
What’s going on GMP?
The premium of unlisted shares of Sansera Engineering has increased in the gray market today. Today on 17th September they are trading at a premium of Rs 18 whereas on the last day of issue on 16th September the premium for their unlisted shares was Rs 10.
According to market experts, the company’s issue was purely offer for sale (OFS), due to which the issue of Sansera Engineering was not liked much.
how to check status
If you have also invested in Sansera Engineering’s IPO, then you can check whether you got the shares or not before the shares are transferred to the demat account.
How to check through BSE
First of all click on https://www.bseindia.com/investors/appli_check.aspx.
After clicking on this link a page of Status of Issue Application will open. Select Equity option on it.
Select the name of the company for which you want to check the allotment of IPO.
After that enter your application number.
Below this you have to enter the details of your PAN.
After this, verify you by clicking on the box of I am not a robot.
After this press the search button and the status will be in front of you.
If you want to check allotment through registrar company KFin Technologies then you can check like this
First of all click on this link. https://ris.kfintech.com/ipostatus/ipos.aspx
After this, select the name of the IPO in Dropbox whose allotment status is to be checked.
Below this, you can check the status by giving any one of these three information-
After that select the type of your application. That is, choose between ASBA or Non-ASBA.
According to the mode you will select, you will have to give information below it.