Sansera Eng lists at premium

There is a new listing today – Sansera Engineering and it was a good one too. As against the IPO price of Rs.744, it got listed on the BSE at Rs.811.35 and at Rs.811.50 on the NSE.

The IPO had received a good response, subscribing 11.47 times, with QIBs portion at 26.47 times, Retail Investors at 3.15 times and HNIs at 11.37 times.

In our IPO Analysis, we had concluded, “ High growth visibility due to a strong product pipeline, makes the stock promising in the short-to-medium term, and one may consider applying in the IPO.  In the long term, company is to be tracked for success of its OEM customers in emerging technologies, along with competitive intensity in the sector.”