Sansera Engineering IPO fully subscribed
Sansera Engineering’s initial public offering (IPO) was subscribed more than 100 per cent on Wednesday. The IPO closes on Thursday. Sansera has priced its issue between ~734 and ~744 per share. At the top-end of the price band, the company’s market cap translates to ~3,823 crore. “At ~744, FY21 P/E of 35 times appears reasonable given the expected improvement in earnings CAGR over FY21-23 and hence we recommend subscribe,” Angelone said.