Sansera GMP at 15%

Shares of Sansera Engineering are trading at a premium of 15-20 per cent in the grey market ahead of its IPO opening on Tuesday. The auto component maker has priced its issue between ~734 and ~744 per share. In the unofficial market, the stock is trading hands between ~860 and ~890, said people in the know. Sansera’s IPO is entirely an offer for sale worth ~1,283 crore. At the top-end of the price band, the company’s market cap translates to ~3,823 crore. In FY21, the company had clocked a net profit of ~110 crore on revenue of ~1,550 crore.