Sansera Engineering made a tentative IPO on Friday. The Bengaluru-based auto parts maker opened at Rs 811.5 on BSE, scoring an 8.62% premium over the issue price of Rs 744. On the National Stock Exchange, Sansera Engineering opened at a premium of 9.07%.
Shortly after listing, Sansera Engineering shares fluctuated between negative and positive territories as the stock hit an intraday high of Rs 841.95 and a low of Rs 801 on the National Stock Exchange.
Sansera Engineering IPO which was an offer for sale by its promoters and shareholders was subscribed 11.47 times. The portion reserved for qualified institutional buyers (QIB) was subscribed 26.47 times and the portion reserved for non-institutional investors was subscribed 11.37 times and the retail segment attracted 3.15 times the subscription.
Sansera Engineering sold shares in the Rs 734-744 price range in the three-day share sale that ended on September 16.
At 11:36 am shares of Sansera Engineering were trading down 0.43% at Rs 808.05