Business Standard

Sansera Engineerin­g IPO fully subscribed

- BS REPORTER

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.

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