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IPO Screener: Sansera Engineering issue subscribed 53% on Day 1

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The ₹1,283-crore IPO of Sansera Engineering Ltd, a Bengaluru-based producer of essential elements, was subscribed 53 per cent on the primary day of subscription on Tuesday.

The IPO acquired bids for 64,18,880 shares in opposition to 1,21,09,166 shares on provide, in line with knowledge out there with the NSE. The class for certified institutional patrons (QIBs) was subscribed 29 per cent, whereas non-institutional buyers seven per cent and retail particular person buyers (RIIs) 87 per cent.

The issue will shut on September 16.

The IPO, which might be by a whole provide on the market (OFS) of 17.24 crore by current buyers Client Ebene, CVCIGP II Employees Ebene and sure promoters, has come out with a worth band of ₹734-744. Market lot is 20 shares.

Sansera Engineering on Monday mopped up ₹382 crore from anchor buyers forward of its preliminary share sale by allotting 51,35,162 fairness shares to anchor buyers at ₹744 apiece. Government of Singapore, Monetary Authority of Singapore, Nomura, Abu Dhabi Investment Authority, Axis Mutual Fund (MF), ICICI Prudential MF, SBI Life Insurance Co Ltd, Max Life Insurance Company and Kuber India Fund are among the many anchor buyers.

Prevest Denpro

Prevest Denpro to lift ₹26.61 crore

The public issue of Prevest DenPro opens on Wednesday and closes on Friday at a worth band of ₹82-84. The issue dimension is 31,68,000 fairness shares of the face worth of ₹10 every. At the higher finish, the corporate will increase ₹26.61 crore.

Shares will probably be listed on the BSE-SME platform. Market lot is 1,600 shares.

The Book Running Lead Manager to the issue is Hem Securities Limited.

On Tuesday, the corporate has raised ₹7.58 crore from two anchor buyers – Maven India Fund and Next Orbit Ventures Fund, by allotting 4.51 lakh shares every.

The web proceeds from the Issue will probably be used in direction of the acquisition of machineries, tools, utilities for the manufacturing of a proposed extra line of merchandise, R&D unit, modernisation of current manufacturing operations and common company function.

The Company is diversifying its operations with launch of recent merchandise in section of hygiene (sanitizers and disinfectants), oral hygiene merchandise (mouth washes and mouth rinses), oral care merchandise (medicated ointments, gels and lotions for dental therapy) and biomaterials (i.e. bone augmentation supplies).

Markolines to lift Rs 40 crore

Markolines Traffic Controls, a Leading Highway operation and upkeep servicing offering firm, IPO opens on September 15 and closes on September 20, on the BSE-SME platform.

According to the prospectus filed with BSE, 51,28,000 fairness shares are provided at ₹78 a share aggregating to about ₹40 crore. Out of the entire shares, 24,35,200 shares have been reserved for every Retail Individual Investors and Non-Institutional Investors. Market lot is 1,600 shares.

Gretex Corporate Services Limited is the Lead Manager of the issue.

The majority of the online proceeds of the issue will strengthen the capital base of the corporate and will probably be utilised for working capital necessities.

#Note-Author Name – KS Badri Narayanan

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