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Sansera Engineering Limited raises Rs. 382.05 crore from 27 anchor investors at the upper price band of Rs. 744 per equity share

Sansera Engineering Limited raises Rs. 382.05 crore from 27 anchor investors at the upper price band of Rs. 744 per equity share 1

Sansera Engineering Limited, anengineering-led integrated manufacturer of complex and critical precision engineered components across automotive and non-automotive sectorshas allocated 5,135,162 equity shares to 27 anchor investor and raised 382.05 crore ahead of the company’s proposed IPO at the upper band of Rs. 744 per share (including share premium of Rs. 742 per Equity Share)

The anchor allocation as follows:

Sr. No.Name of Anchor InvestorNo. of Equity Shares Allocated% of Anchor Investor PortionTotal Amount Allocated (Rs.)
1GOVERNMENT OF SINGAPORE              510,7609.95%380,005,440
2MONETARY AUTHORITY OF SINGAPORE              134,4202.62%100,008,480
3THE NOMURA TRUST AND BANKING CO., LTD AS THE TRUSTEE OF NOMURA INDIA STOCK MOTHER FUND              443,5608.64%330,008,640
4ABU DHABI INVESTMENT AUTHORITY – STABLE              430,1208.38%320,009,280
5AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS GROWTH OPPORTUNITIES FUND              107,5602.09%80,024,640
6AXIS MUTUAL FUND TRUSTEE LTD A/C AXIS MUTUAL FUND A/C AXIS FLEXI CAP FUND              107,5202.09%79,994,880
7AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS SMALL CAP FUND              107,5202.09%79,994,880
8AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS EQUITY HYBRID FUND              107,5202.09%79,994,880
9ICICI PRUDENTIAL SMALLCAP FUND              215,0604.19%160,004,640
10ICICI PRUDENTIAL MIDCAP FUND              215,0604.19%160,004,640
11MIRAE ASSET INDIA SECTOR LEADER EQUITY FUND              362,9207.07%270,012,480
12KOTAK FUNDS – INDIA MIDCAP FUND              362,9207.07%270,012,480
13JUPITER INDIA FUND              268,8505.24%200,024,400
14JUPITER SOUTH ASIA INVESTMENT COMPANY LIMITED – SOUTH ASIA ACCESS FUND                67,2201.31%50,011,680
15ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED              362,9207.07%270,012,480
16SBI LIFE INSURANCE CO. LTD              362,9207.07%270,012,480
17MAX LIFE INSURANCE COMPANY LIMITED A/C – ULIF00225/06/04LIFEBALANC104 – BALANCED FUND                67,2001.31%49,996,800
18MAX LIFE INSURANCE COMPANY LIMITED A/C – ULIF01213/08/07PENSGRWSUP104 – PENSION GROWTH SUPER FUND                67,2001.31%49,996,800
19MAX LIFE INSURANCE COMPANY LIMITED                47,0600.92%35,012,640
20KUBER INDIA FUND              181,4603.53%135,006,240
21BARODA MULTI CAP FUND              134,4202.62%100,008,480
22SEGANTII INDIA MAURITIUS                87,4551.70%65,066,520
23COHESION MK BEST IDEAS SUB-TRUST                94,1601.83%70,055,040
24BNP PARIBAS ARBITRAGE – ODI                87,4551.70%65,066,520
25ELARA INDIA OPPORTUNITIES FUND LIMITED                67,3021.31%50,072,688
26NOMURA SINGAPORE LIMITED ODI                67,3001.31%50,071,200
27AURIGIN MASTER FUND LIMITED                67,3001.31%50,071,200
 TOTAL5,135,162100.00%3,820,560,528


Out of the total allocation of 5,135,162 Equity Shares to the Anchor Investors, 15,18,860 equity shares (i.e. 29.59% of the total allocation to Anchor Investors) were allocated to 2 Foreign Sovereign Fund and 2 Foreign Institutional investors

Sr. No.Name of Sovereign Fund and FIIsNo. of Equity Shares Allocated% of Anchor Investor PortionTotal Amount Allocated (Rs.)
1GOVERNMENT OF SINGAPORE              510,7609.95%380,005,440
2MONETARY AUTHORITY OF SINGAPORE              134,4202.62%100,008,480
3THE NOMURA TRUST AND BANKING CO., LTD AS THE TRUSTEE OF NOMURA INDIA STOCK MOTHER FUND              443,5608.64%330,008,640
4ABU DHABI INVESTMENT AUTHORITY – STABLE              430,1208.38%320,009,280
 TOTAL15,18,86029.59%1,130,031,840

Out of the total allocation of 5,135,162 Equity Shares to the Anchor Investors, 10,61,910 equity shares (i.e. 20.69% of the total allocation to Anchor Investors) were allocated to 3 foreign mutual funds through a total of 4 schemes.

Sr. No.Name of Foreign Mutual FundsNo. of Equity Shares Allocated% of Anchor Investor PortionTotal Amount Allocated (Rs.)
1MIRAE ASSET INDIA SECTOR LEADER EQUITY FUND              362,9207.07%270,012,480
2KOTAK FUNDS – INDIA MIDCAP FUND              362,9207.07%270,012,480
3JUPITER INDIA FUND              268,8505.24%200,024,400
4JUPITER SOUTH ASIA INVESTMENT COMPANY LIMITED – SOUTH ASIA ACCESS FUND                67,2201.31%50,011,680
 TOTAL10,61,91020.69%7,900,061,040

Out of the total allocation of 5,135,162 Equity Shares to the Anchor Investors, 994,660 Equity Shares (i.e. 19.37% of the total allocation to Anchor Investors) were allocated to 3 domestic mutual funds through a total of 7 schemes. Set forth below is a scheme-wise detail of mutual funds:

Sr. No.Name of Mutual Fund SchemeNo. of Equity Shares Allocated% of Anchor Investor PortionTotal Amount Allocated (Rs.)
1AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS GROWTH OPPORTUNITIES FUND              107,5602.09%80,024,640
2AXIS MUTUAL FUND TRUSTEE LTD A/C AXIS MUTUAL FUND A/C AXIS FLEXI CAP FUND              107,5202.09%79,994,880
3AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS SMALL CAP FUND              107,5202.09%79,994,880
4AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS EQUITY HYBRID FUND              107,5202.09%79,994,880
5ICICI PRUDENTIAL SMALLCAP FUND              215,0604.19%160,004,640
6ICICI PRUDENTIAL MIDCAP FUND              215,0604.19%160,004,640
7BARODA MULTI CAP FUND              134,4202.62%100,008,480
 TOTAL            994,66019.37%740,027,040

Out of the total allocation of 5,135,162 Equity Shares to the Anchor Investors,9,07,300 equity shares (i.e. 17.68% of the total allocation to Anchor Investors) were allocated to 3 insurance companies through a total of 5 schemes

Sr. No.Name of Life InsuranceNo. of Equity Shares Allocated% of Anchor Investor PortionTotal Amount Allocated (Rs.)
1ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED              362,9207.07%270,012,480
2SBI LIFE INSURANCE CO. LTD              362,9207.07%270,012,480
3MAX LIFE INSURANCE COMPANY LIMITED A/C – ULIF00225/06/04LIFEBALANC104 – BALANCED FUND                67,2001.31%49,996,800
4MAX LIFE INSURANCE COMPANY LIMITED A/C – ULIF01213/08/07PENSGRWSUP104 – PENSION GROWTH SUPER FUND                67,2001.31%49,996,800
5MAX LIFE INSURANCE COMPANY LIMITED                47,0600.92%35,012,640
 TOTAL907,30017.68%675,031,200

The Offer comprises of offer of sales of up to 17,244,328 Equity Shares (The “Offer for Sale”) by Promoter Selling Shareholders. The face value of equity shares is Rs. 2 each.

Bid can be made for a minimum of 29 Equity Shares and in multiples of 20 Equity Shares thereafter.

Company will not directly receive any proceeds from the Offer (the “Offer Proceeds”) and all the Offer Proceeds will be received by the Selling Shareholders, in proportion to the Offered Shares sold by the respective Selling Shareholders as part of the Offer.

In addition, the company expects to achieve the benefits of listing the Equity Shares on the Stock Exchanges, to enhance its visibility and brand image among existing and potential customers and creation of a public market for its Equity Shares in India.

ICICI Securities Limited, IIFL Securities Limited and Nomura Financial Advisory and Securities (India) Private Limited are the Book Running Lead Managers (“BRLMs”) to the issue.

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