The Sandhar Technologies date has been confirmed from March 19, 2018 and ended on March 21, 2018.
Sandhar Technologies Developers IPO is a fixed price issue of Rs 565.60 crores. The price band is set at ₹327 to ₹332 per share. The minimum lot size for an application is 45 Shares. The minimum amount of investment required by retail investors is ₹14,940.
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Bidding Dates
March 19-21
Price Range
₹327 to ₹332 per share
Face Value
₹10 per share
GMP
₹488.85
Sandhar Technologies IPO GMP
The Sandhar Technologies IPO GMP is ₹488.85.
IPO Overview
The Sandhar Technologies IPO is a book-built offering worth Rs 565.60 crores. The offering consists of a fresh issue of Rs 300.00 crore and an offer to sell 0.8 crore shares. Sandhar Technologies initial public offering (IPO) bidding began on March 19, 2018 and ended on March 21, 2018. On April 2, 2018, the shares were listed on the BSE and NSE.
The company manufactures its products in 29 manufacturing facilities spread throughout eight states in India, two manufacturing facilities in Spain, and one in Mexico. The pricing range for Sandhar Technologies IPO is set at ₹327 to ₹332 per share. An application requires a minimum lot size of 45 Shares. Retail investors must make a minimum investment of ₹14,940.
Sandhar Technologies IPO Details
| IPO Date | March 19, 2018 to March 21, 2018 |
| Listing Date | April 2, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹327 to ₹332 per share |
| Lot Size | 45 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹565.60 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹300.00 Cr) |
| Offer for Sale | 8,000,000 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Sandhar Technologies Company Financials
| Particulars | For the year/period ended (in Rs. million) | ||||
|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | |
| Total Assets | 8,449.03 | 7,640.62 | 7,504.36 | 6,213.64 | 5,424.39 |
| Total Revenue | 13,743.14 | 12,933.59 | 12,624.16 | 10,438.24 | 9,643.81 |
| Profit Before Tax | 453.30 | 433.67 | 478.69 | 407.61 | 263.04 |
| Profit After Tax | 366.42 | 322.67 | 348.37 | 337.64 | 208.01 |
Sandhar Technologies IPO Listing Details
| Listing Date | April 2, 2018 |
| BSE Script Code | 541163 |
| NSE Symbol | SANDHAR |
| ISIN | INE278H01035 |
| Final Issue Price | ₹332 per share |
Company Profile
Sandhar Technologies Limited, founded in 1987, is a New Delhi, India-based firm that designs and manufactures a wide range of automotive components, parts, and systems, with a primary focus on vehicle safety and security systems. The company is a market leader in the two-wheeler locking systems industry and the commercial vehicle rear view market in India, and is one of the two major companies catering to the two-wheeler locking systems market and the commercial vehicle rear view market in India. It is also one of India’s two leading manufacturers of
operator cabins, as well as the market leader in excavator cabins.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | stl.ipo@linkintime.co.in |
| Website | linkintime.co.in |
Contact Details
| Name | Sandhar Technologies Limited |
| Phone number | +91 124 451 8900 |
| Email ID | info@sandhar.in |
| Website | sandhargroup.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
