Sandhar Technologies IPO opens on Monday, March 19, 2018, and closes on March 21, 2018, in a Price Band of Rs. 327 to Rs. 332 per Equity Share. Bids can be made for a minimum lot of 45 Equity Shares and in multiples of 45 Equity Shares thereafter.
The company is offering Equity Shares of the face value of Rs. 10 each comprising a fresh issue aggregating up to Rs. 3,000 million and an offer for sale of up to 6,400,000 equity shares by GTI Capital Beta Pvt. Ltd. The Book Running Lead Managers to the Sandhar Technologies IPO are ICICI Securities Limited and Axis Capital Limited.
Sandhar Technologies is a customer-centric component supplier primarily catering to automotive OEMs and largely focused on safety and security systems of vehicles with a pan India presence and a growing international footprint. The Company is the leader in the two-wheeler locking systems market, and the commercial vehicle rearview market in India, and one of the two largest companies catering to the commercial vehicle locking systems market, and the two-wheeler rear view market in India. The Company is also one of the two largest manufacturers of operator cabins in India, along with being the largest player in the excavator cabins market (Source: CRISIL Report).
The Company’s business involves designing and manufacturing a diverse range of automotive components, parts, and systems, driven by technology, process, people and governance. The Company’s customer portfolio consists of 79 Indian and global OEMs across various segments., which includes amongst others: Two-wheelers – Hero, TVS, Royal Enfield, Suzuki, etc.; Passenger vehicles and commercial vehicles – Honda Cars, Tata Motors, Ashok Leyland, SML Isuzu; etc., Commercial vehicles, Off-highway vehicles and tractors – Caterpillar, Escorts, Hyundai Construction, JCB, Komatsu, Mahindra & Mahindra, Tata Hitachi, TAFE, Volvo, etc.
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