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Sansera Engineering Limited raises Rs. 382.05 crore from 27 anchor investors at the upper price band of Rs. 744 per equity share

Sansera Engineering Limited raises Rs. 382.05 crore from 27 anchor investors at the upper price band of Rs. 744 per equity share

Sansera Engineering Limited, an engineering-led integrated manufacturer of complex and critical precision engineered components across automotive and non-automotive sectors has allocated 15,18860 equity shares to 27 anchor investor and raised 382.05 crore ahead of the company’s proposed IPO at the upper band of Rs. 744 per share (including share premium of Rs. 742 per Equity Share)

 

The anchor allocation as follows:

Sr. No.

Name of Anchor Investor

No. of Equity Shares Allocated

% of Anchor Investor Portion

Total Amount Allocated (Rs.)

1

GOVERNMENT OF SINGAPORE

              510,760

9.95%

380,005,440

2

MONETARY AUTHORITY OF SINGAPORE

              134,420

2.62%

100,008,480

3

THE NOMURA TRUST AND BANKING CO., LTD AS THE TRUSTEE OF NOMURA INDIA STOCK MOTHER FUND

              443,560

8.64%

330,008,640

4

ABU DHABI INVESTMENT AUTHORITY – STABLE

              430,120

8.38%

320,009,280

5

AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS GROWTH OPPORTUNITIES FUND

              107,560

2.09%

80,024,640

6

AXIS MUTUAL FUND TRUSTEE LTD A/C AXIS MUTUAL FUND A/C AXIS FLEXI CAP FUND

              107,520

2.09%

79,994,880

7

AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS SMALL CAP FUND

              107,520

2.09%

79,994,880

8

AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS EQUITY HYBRID FUND

              107,520

2.09%

79,994,880

9

ICICI PRUDENTIAL SMALLCAP FUND

              215,060

4.19%

160,004,640

10

ICICI PRUDENTIAL MIDCAP FUND

              215,060

4.19%

160,004,640

11

MIRAE ASSET INDIA SECTOR LEADER EQUITY FUND

              362,920

7.07%

270,012,480

12

KOTAK FUNDS - INDIA MIDCAP FUND

              362,920

7.07%

270,012,480

13

JUPITER INDIA FUND

              268,850

5.24%

200,024,400

14

JUPITER SOUTH ASIA INVESTMENT COMPANY LIMITED - SOUTH ASIA ACCESS FUND

                67,220

1.31%

50,011,680

15

ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED

              362,920

7.07%

270,012,480

16

SBI LIFE INSURANCE CO. LTD

              362,920

7.07%

270,012,480

17

MAX LIFE INSURANCE COMPANY LIMITED A/C - ULIF00225/06/04LIFEBALANC104 - BALANCED FUND

                67,200

1.31%

49,996,800

18

MAX LIFE INSURANCE COMPANY LIMITED A/C - ULIF01213/08/07PENSGRWSUP104 - PENSION GROWTH SUPER FUND

                67,200

1.31%

49,996,800

19

MAX LIFE INSURANCE COMPANY LIMITED

                47,060

0.92%

35,012,640

20

KUBER INDIA FUND

              181,460

3.53%

135,006,240

21

BARODA MULTI CAP FUND

              134,420

2.62%

100,008,480

22

SEGANTII INDIA MAURITIUS

                87,455

1.70%

65,066,520

23

COHESION MK BEST IDEAS SUB-TRUST

                94,160

1.83%

70,055,040

24

BNP PARIBAS ARBITRAGE – ODI

                87,455

1.70%

65,066,520

25

ELARA INDIA OPPORTUNITIES FUND LIMITED

                67,302

1.31%

50,072,688

26

NOMURA SINGAPORE LIMITED ODI

                67,300

1.31%

50,071,200

27

AURIGIN MASTER FUND LIMITED

                67,300

1.31%

50,071,200

 

TOTAL

5,135,162

100.00%

3,820,560,528

Out of the total allocation of 5,135,162 Equity Shares to the Anchor Investors, 15,18,860 equity shares (i.e. 29.59% of the total allocation to Anchor Investors) were allocated to 2 Foreign Sovereign Fund and 2 Foreign Institutional investors

Out of the total allocation of 5,135,162 Equity Shares to the Anchor Investors, 10,61,910 equity shares (i.e. 20.69% of the total allocation to Anchor Investors) were allocated to 3 foreign mutual funds through a total of 4 schemes.

Out of the total allocation of 5,135,162 Equity Shares to the Anchor Investors, 994,660 Equity Shares (i.e. 19.37% of the total allocation to Anchor Investors) were allocated to 3 domestic mutual funds through a total of 7 schemes. Set forth below is a scheme-wise detail of mutual funds:

Out of the total allocation of 5,135,162 Equity Shares to the Anchor Investors, 9,07,300 equity shares (i.e. 17.68% of the total allocation to Anchor Investors) were allocated to 3 insurance companies through a total of 5 schemes

The Offer comprises of offer of sales of up to 17,244,328 Equity Shares (The “Offer for Sale”) by Promoter Selling Shareholders. The face value of equity shares is Rs. 2 each.

 

Bid can be made for a minimum of 29 Equity Shares and in multiples of 20 Equity Shares thereafter.

Company will not directly receive any proceeds from the Offer (the “Offer Proceeds”) and all the Offer Proceeds will be received by the Selling Shareholders, in proportion to the Offered Shares sold by the respective Selling Shareholders as part of the Offer.

In addition, the company expects to achieve the benefits of listing the Equity Shares on the Stock Exchanges, to enhance its visibility and brand image among existing and potential customers and creation of a public market for its Equity Shares in India.

ICICI Securities Limited, IIFL Securities Limited and Nomura Financial Advisory and Securities (India) Private Limited are the Book Running Lead Managers (“BRLMs”) to the issue.

 

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