Latest News | Sansera Engineering Shares List at 9 Pc Premium

New Delhi, Sep 24 (PTI) Shares of auto component maker Sansera Engineering on Friday zoomed 9 per cent in its debut trade against its issue price of Rs 744.

The stock listed at Rs 811.35, reflecting a gain of 9 per cent from the issue price on BSE. It further

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jumped 13.17 per cent to Rs 842.

On NSE, it debuted at Rs 811.50, up 9 per cent.

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The Rs 1,283-crore initial public offer (IPO) of Sansera Engineering was subscribed 11.47 times earlier this month.

The IPO was in a price range of Rs 734-744 per share.The Bengaluru-based firm is an engineering-led integrated manufacturer of complex and critical precision-engineered components across automotive and non-automotive sectors.

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 above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)