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Shares of Sansera Engineering on its stock market debut listed at 811 on the NSE from its IPO issue price of 744 per share, later surging to 830 apiece in minutes after opening for trade. The auto component maker's three-day share sale, that had opened from September 14 to 16, received 11.47 times subscription on the closing day of offer.

The initial public offer (IPO) received bids for 13,88,39,000 shares against 1,21,09,166 shares on offer. The qualified institutional buyers (QIBs) category was subscribed 26.47 times, non-institutional investors 11.37 times and retail individual investors (RIIs) 3.15 times. Sansera Engineering Ltd mopped up 382 crore from anchor investors.

The Bengaluru-based firm is an engineering-led integrated manufacturer of complex and critical precision-engineered components across automotive and non-automotive sectors. The public issue (IPO) comprised of an entire offer for sale (OFS) of 17,244,328 equity shares by promoters and existing shareholders.

Within the automotive sector, the company manufactures a wide range of precision forged and machined components and assemblies that are critical for engine, transmission, braking, and other systems for the two-wheeler, passenger vehicle and commercial vehicle verticals.

In the non-automotive sector, Sansera Engineering manufactures precision components for the aerospace, off-road, agriculture and other segments, including engineering and capital goods. The firm has manufacturing facilities, states including Karnataka, Gujarat.

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