The Initial Public Offering (IPO) of Sandhar Technologies will open for subscription on March, 19,2018 and closes on March 21, 2018. The price band has been fixed at Rs 327-Rs 332 per equity share. Bids can be made for a minimum lot of 45 equity share and multiple of 45 equity shares thereafter.
The company targets to raise Rs 3000 million from the IPO. The promoter entity GITI Capital Pvt Limited would sell up to 64 lakh equity shares through this offering.
The book for anchor investors, who would want to invest prior the book building opens for institutional and retail investors, will remain open for a day prior to March 19. The lead managers on this issue are ICICI Securities and Axis Capital.
Sandhar Technologies was incorporated on October 19, 1987, and commenced operations as a supplier to Hero (formerly Hero Honda Motors Limited) for sheet metal components. Now the company manufactures, assembles, and sells automotive components for two wheeler, four wheelers, and commercial vehicle industry India and internationally. It offers locking systems, vision systems, door handles, hinges and latches, sheet metal components, zinc die casting products, aluminium die casting products, plastic injection moulding products