Sandhar Technologies Limited is likely to introduce its IPO soon to in the market. Interested clients can fetch all information of Sandhar Technologies IPO such as Price Band, IPO Dates, Company Profile, Allotment Status, Listing Dates, subscription details, application form etc. The firm has drafted a Red Herring Prospectus and got approval for the same from the Regulatory firm Securities Board of India. Sandhar Technologies IPO is scheduled for March 19, 2018 with a price band of Rs. 327-Rs. 332 per equity share. The lot size of applying the IPO is for 45 shares.
One can apply via ASBA to avail the benefit of listing this IPO. The maximum application of amount for retail investor stood at Rs. 2 lacs.
Company profile:-
Sandhar Technologies Limited was incorporated on October 17, 1987 at New Delhi India. It works as a components supplier in the field of automotive OEMs focusing on safety and security systems of vehicles in India. Safety and security systems such as lock assemblies, mirror assemblies, operator cabins for off-highway vehicles, aluminium spools, spindles, and hubs are the core functions of the firm. It is also engaged to manufacture other product categories which consist wheel assemblies, handle bar assemblies, brake panel assemblies, sheet metal components such as fuel filler caps, fuel cock assembly, step pillions, tools, dies, moulds, other aluminium components, crane and tractor parts, plastic and painted parts such as door handles (inner and outer), panels for televisions, and cabinets for air conditioners. It holds good command in the two wheeler locking systems market, and the commercial vehicle rear view market in India, and one of the two largest companies offering to the commercial vehicle locking systems market, and the two-wheeler rear view market in India. Ashok Leyland, Doosan Bobcat, Escorts, Hero, Honda Cars, Komatsu, Scania, TAFE, Tata Motors, TVS, UM Lohia, and Volvo are the important customers of Sandhar Technologies Limited. It includes 79 Indian and global OEMs of different segments in its Customer portfolio.
The company manages total 29 manufacturing units across eight states in India along with its two manufacturing facilities in Spain and Maxico.
Positive Outlook of the Firm:-
- Maintain strong and firm relationship with major OEMs,
- Various product portfolio offering,
- Efficient to produce its products as per the requirement of its customers,
- Vertical and horizontal integration of its operations from product designing to supply solutions,
- Maintains in-house research and development, design capability and technical collaborations.
Objects Of The Issue:-
The Offer includes of the Fresh Issue and the Offer for Sale.
- Offer For Sale :- The Company will not get any proceeds from the Offer for Sale.
- Fresh Issue :- The Company plans to use the Net Proceeds from the Fresh Issue towards as below:
a. Repayment or prepayment in full, or in part of certain loans availed by the Company; and
b. For general corporate purposes
Summary Of Issue:
| Issue Open:- | March 19, 2018 – March 21, 2018 |
| Issue Type | 100% Book Built Issue IPO |
| Issue Size (Value) | Fresh Issue of [.] Equity Shares of Rs 10 aggregating up to Rs 300.00 Cr Offer for Sale of 8,000,000 Equity Shares of Rs 10 aggregating up to Rs [.] Cr |
| Face Value | Rs. 10 Per Equity Share |
| Issue Price | Rs. [ Rs.327 – Rs.332] Per Equity Share |
| Market lots | 45 Shares |
| Minimum Order Quantity | 45 Shares |
| Listing At | BSE, NSE |
(*) indicates to be updated
Sandhar Technologies IPO Subscription Details
| Sr.No. | Category | No. of shares offered/reserved | No. of shares bid for | No. of times of total meant for the category |
| 1 | Qualified Institutional Buyers (QIBs) | 3085505 | 44720505 | 14.49 |
| 2 | Non Institutional Investors (NIIs) | 2336147 | 14916645 | 6.39 |
| 3 | Retail Individual Investors (RIIs) | 5451009 | 7716915 | 1.42 |
| Total | 10872661 | 67354065 | 6.19 |
Updated as on 21st Mar 2018 at 05:00 p.m
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Important dates for Sandhar Technologies IPO Allotment Status
- The Allotment date for Sandhar Technologies Limited IPO issue is expected on March 26, 2018.
- The amount will get unblocked on March 26, 2018.
- The Shares are expected to credit in DP accounts on March 27, 2018.
- The Shares of Sandhar Technologies Limited is likely to get listed on March 28, 2018 on both BSE and NSE.
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Sandhar Technologies IPO Allotment Status
One can check the allotment on the given below link with PAN number or Application number or DP Client Id. All you need to do is to follow these steps:-
- To Check Your IPO Allotment Status
- Go to Application Status
- Select IPO as Sandhar Technologies Limited IPO
- Enter your PAN Number or Application Id or DP Client Id.
It takes little time to fetch information so you need to be little patient.
Download “Sandhar Technologies Limited” IPO Application Form
From BSE: click here
From NSE: click here
Promoters Of the Company:-
Mr. Jayant Davar
Financials:-
| Particulars | For the year/Period ended (Rs. in Million) (Consolidated) | ||||
| Financial Year | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 |
| Total Equity & Liabilities | 10,741.40 | 9,653.53 | 9,653.53 |
7,901.54
|
6,703.81
|
| Total Revenue | 16,335.30
|
15,178.87 | 14,873.43 | 12,688.85
|
11,622.95
|
| Total Expenses | 14,810.57
|
13,719.05 | 13,429.04 | 11,486.97
|
10,668.77
|
| Profit After Tax (PAT) | 395.58
|
337.48 | 384.02 | 332.39
|
191.84
|
Book Running Lead Managers Details:-
1) ICICI Securities Limited
ICICI Center, H T Parekh Marg Churchgate,
Mumbai – 400 020
Maharashtra, India
Tel: +91 22 2288 2460
Fax: +91 22 2282 6580
E-mail: sandhar.ipo@icicisecurities.com
Investor Grievance E-mail: customercare@icicisecurities.com
Website: www.icicisecurities.com
Contact Person: Rishi Tiwari / Vishal Kanjani
SEBI Registration No.: MB/INM000011179
2) Axis Capital Limited
1st Floor, Axis House
C – 2 Wadia International Centre
P B Marg, Worli, Mumbai – 400 025
Maharashtra, India
Tel: +91 22 4325 2183
Fax: +91 22 4325 3000
E-mail: sandhar.ipo@axiscap.in
Investor Grievance E-mail: complaints@axiscap.in
Website: www.axiscapital.co.in
Contact Person: Simran Gadh
SEBI Registration No.: INM000012029
Registrar To The Issue:-
Link Intime India Private Limited
C-101, 1st floor 247 Park
L B S Marg, Vikhroli (West)
Mumbai 400 083
Tel: +91 22 4918 6200
Fax: +91 22 4918 6195
E-mail: stl.ipo@linkintime.co.in
Investor Grievance e-mail: stl.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact Person: Shanti Gopalkrishnan
SEBI Registration No.: INR000004058
Registered Office Details:-
B-6/20, L.S.C. Safdarjung Enclave, New Delhi – 110 029, India
Corporate Office: #13, Sector – 44, Gurugram – 122 002, Haryana, India
Contact Person: Arvind Joshi, Whole-time Director, Chief Financial Officer,
Company Secretary and Compliance Officer
Tel: +91 124 451 8900;
Fax: +91 124 451 8912
E-mail: info@sandhar.in;
Website: www.sandhargroup.com
Corporate Identity Number: U74999DL1987PLC029553
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