Sandhar Technologies IPO

Sandhar Technologies IPOBusiness description - Sandhar Technologies is the leader in the two-wheeler locking systems market, and the commercial vehicle rear view market in India, and is one of the two largest companies catering to the commercial vehicle locking systems market, and the two-wheeler rear view market in India. It is also one of the two largest manufacturers of operator cabins in India, along with being the largest player in the excavator cabins market. Our business involves designing and manufacturing a diverse range of automotive components, parts and systems, driven by technology, process, people and governance.

Sandhar Technologies’ customer portfolio consists of 79 Indian and global OEMs across various segments. The company manufactures its products from 29 manufacturing facilities across eight states in India, two manufacturing facilities in Spain, and one manufacturing facility in Mexico.

Promoters of Sandhar Technologies - Jayant Davar
Sandhar Technologies IPO details
Subscription Dates 19 - 21 March 2018
Price Band INR327 - 332 per share
Fresh issue INR300 crore
Offer For Sale 8,000,000 shares (INR261.6 - 265.6 crore)
Total IPO size INR561.6 - 565.6 crore
Minimum bid (lot size) 45 shares
Face Value  INR10 per share
Retail Allocation 35%
Listing On NSE, BSE
Use of funds
  • Repayment/prepayment of certain loans - INR225 crore
  • General corporate purposes
Sandhar Technologies' financial performance (in INR crore)
FY2013 FY2014 FY2015 FY2016 FY2017 H1 FY2018
Total revenues 1,162.3 1,268.9 1,487.3 1,517.9 1,633.5 990.6
Total expenses 1,066.9 1,148.7 1,342.9 1,371.9 1,481.1 887.0
Profit after tax 19.2 33.2 38.4 33.7 39.6 34.6
Net margin (%) 1.7 2.6 2.6 2.2 2.4 3.5

Sandhar Technologies Contact Details

Sandhar Technologies Limited 
#13
Sector – 44
Gurugram – 122 002

Phone: +91 124 451 8900
Fax: 
+91 124 451 8912
Email:
[email protected]
Website: www.sandhargroup.com

Registrar of Sandhar Technologies IPO

Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai - 400 083

Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]
Website: http://www.linkintime.co.in

Valuation of Sandhar Technologies (Based on latest FY)

Earnings Per Share (EPS): INR7.66

Price/Earnings (P/E) ratio: 42.68 - 43.34

Return on Net Worth (RONW): 13.01%

Net Asset Value (NAV): INR58.91 per share

Sandhar Technologies IPO Subscription Details

Category Shares offered Subscription (no. of times) 
Day 1 Day 2 Day 3
QIB 3,085,505 0.00 0.89 14.49
NII 2,336,147 0.00 0.07 6.38
Retail 5,451,009 0.09 0.17 1.09
Total 10,872,661 0.05 0.40 6.02

Sandhar Technologies IPO Allotment Status

Sandhar Technologies IPO allotment status is now available on Link Intime's website. Click on this link to get allotment status.

Listing Performance of Sandhar Technologies

IPO Opening Date: 19 March 2018

IPO Closing Date: 21 March 2018

Finalisation of Basis of Allotment: 26 March 2018

Initiation of refunds: 27 March 2018

Transfer of shares to demat accounts: 28 March 2018

Listing Date: 2 April 2018

Listing Price on NSE: INR346.1 per share (up 4.25% from IPO price)

Closing Price on NSE: INR322.15 per share (down 2.96% from IPO price)

Sandhar Technologies IPO
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7 thoughts on “Sandhar Technologies IPO

  • March 13, 2018 at 4:41 PM
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    I can’t understand why our money is used for repayment of loan… Issue Size is 300 crores and from that they will repay loans of 225 crores…… And 75 crores for their corporate purposes…… Very bed issue and don’t apply

    Reply
    • March 18, 2018 at 12:41 PM
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      Loan repaymnt is a good sign Dhaval bhai. I think what we need to pay forward to is if the company is a good business and is making good use of money or not. I like this company, asking PE ratio is little high but overall good! Worth applying IMO!!

      Reply
  • March 13, 2018 at 11:53 AM
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    give money to repayment his 225cr. loan. how funny

    Reply
    • March 21, 2018 at 9:32 PM
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      I think majority of issues that come were either for loan payment or go to the investors. No direct pay to th ecopany

      Reply
  • March 13, 2018 at 10:07 AM
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    Kindly intimate availability of forms, Banks/Branches for depositing the forms in Bangalore around Electronic City Phase 1

    Reply
  • March 12, 2018 at 10:18 PM
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    Strong profits but asking price too high. Doesn’t make sense to buy at thse prices when others are available at better rates.

    Reply

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