The shares of Sansera Engineering will debut on the stock market on Friday. In this regard, Zee Business Editor-in-Chief Anil Singhvi hopes that the company’s stock will get off to a good start on average on the exchange.
Singhvi said in a listing preview that Sansera Engineering shares will be listed on Friday for Rs 800-850 per share. He suggests that long-term investors can hold a stop-loss of 750 rupees per person.
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The initial public offering (IPO) of auto parts manufacturer Sansera Engineering Limited was subscribed to 11.47 times at BSE on the last day of the subscription.
According to BSE data, the initial share sale of Rs 1,283 received a bid of 13,88,39,000 shares for the 1,21,09,166 shares offered. The three-day IPO began between September 14th and 16th, 2021.
The IPO price range was set at 734-744 rupees per share. Prior to launching the IPO, the company had removed Rs 38.2 billion from anchor investors.
In an IPO preview, Zee’s business managing editor, Anil Singhvi, suggested that investors who can take risks and hold long-term stocks can subscribe or avoid them. He added that investors need to consider IPO valuations and comparisons with other listed companies.
Talking about the positive side, the editor-in-chief said the promoter’s track record is very good, but industry-experienced professionals have been appointed to various positions.
The company hopes that the listing of its shares will increase its recognition and brand image and bring liquidity to its shareholders. The listing also provides a public market for stocks.
This is the company’s second attempt to publish. Previously, Sansera Engineering submitted an IPO paper to SEBI in August 2018 with permission to raise public issues. However, the release did not proceed.
Sansera Engineering Today's List: Anil Singhvi expects a list in the "this" range. How do I post a list? Check Market Guru's strategy
https://www.zeebiz.com/market-news/news-sansera-engineering-listing-today-anil-singhvi-expects-listing-in-this-range-what-to-do-post-listing-check-market-gurus-strategy-165971 Sansera Engineering Today's List: Anil Singhvi expects a list in the "this" range. How do I post a list? Check Market Guru's strategy