Sandhar Tech Ipo :GMP, Issue Size, Issue Price and Important dates

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SANDHAR TECH IPO is all set to make a debut in the stock market with an issue size of 565.6 Cr.   

Sandhar Tech IPO – Overview    

 Issue Date           19-21 March 2018 
Sandhar Tech IPO Opening Date           21 March 2018 
Sandhar Tech IPO Face Value           INR 10 per share           
Sandhar Tech IPO Price           INR 332 per share          
Sandhar Tech IPO Lot Size           45 Shares          
Issue Size           565.6 Cr      
Issue Type           Book built Issue IPO           
Listing At           BSE, NSE          
QIB Shares Offered             14.50 times 
NII (HNI) Shares           6.39 times 
Company Promoters           The Promoter of the Company is Mr. Jayant Davar. The Promoter directly holds 31,306,426 Equity Shares (inclusive of the 90,909 Equity Shares held by him in his capacity as sole proprietor of Sandhar Enterprises), representing 61.20% of the pre-Offer issued, subscribed, and paid-up capital of the Company. 

Tentative Dates           

Sandhar Tech IPO opening date           19 March 2018  
Sandhar Tech IPO closing date           21 March 2018  
Basis of Allotment           22 March 2018 
Initiation of Refunds           23 March 2018 
The credit of Shares to Demat          27 March 2018 
Sandhar Tech IPO Listing Date           30 March 2018 

Company Overview    

 in the business of designing and manufacturing a diverse range of automotive components, parts and systems, largely focused on safety and security systems of vehicles.

The company is a leader in the two-wheeler locking systems market, and the commercial vehicle rear view market in India., and are one of the two largest companies catering to the commercial vehicle locking systems market, and the two wheeler rear view market in India.

Industry Overview    

The two wheelers segment dominates the Indian auto industry (~80% by volumes) and primarily dictates its tone. A robust 5.3% CAGR in total two-wheeler sales accelerated auto industry growth, along with a 4% growth in the passenger vehicles segment.



  1. Repayment or prepayment in full, or in part of certain loans availed by the Company. 
  2. General corporate purposes 

Financial Statements          

Summary of financial Information (Restated Standalone) 

Particulars For the year/period ended (in Rs. million)  
 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13 
Total Assets 8,449.03 7,640.62 7,504.36 6,213.64 5,424.39 
Total Revenue 13,743.14 12,933.59 12,624.16 10,438.24 9,643.81 
Profit Before Tax 453.30 433.67 478.69 407.61 263.04 
Profit After Tax 366.42 322.67 348.37 337.64 208.01 
Visagar Financial Services Rights Issue Details

Comparison With Peers: 

Company Contact Information 

Sandhar Technologies Limited 
B-6/20, L.S.C. 
Safdarjung Enclave 
New Delhi � 110 
Phone: +91 124 451 8900 


Link Intime India Private Ltd 
Phone: +91-22-4918 6270 

Lead Manager(s) 

  1. Axis Capital Limited (Past IPO Performance) 
  1. ICICI Securities Limited (Past IPO Performance) 

Lead Manager Reports 

  • IPO Lead Manager Performance Summary 
  • IPO Lead Manager Performance Tracker 


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