Two companies plan to go public (IPOs) this week, auto component maker Sansera Engineering and Markoline Traffic Controls Limited. Sansera Engineering is expected to go public on September 14, while Markoline Traffic Controls is expected to go public on September 15, and the two companies’ three-day issuance will end on September 16 and September 20, respectively.
IPO details –
Sansera technology: The Bengaluru-based auto component manufacturer’s IPO price range has been set to ₹734-744 per share. The public offering (IPO) is entirely an offer for sale (OFS) of 17,244,328 shares by promoters and existing shareholders.
Sansera Engineering is an engineer-led integrated manufacturer of complex and critical precision engineered components in the automotive and non-automatic sectors. The company is one of the leading manufacturers of connecting rods, crankshafts, rocker arms and shift forks for two-wheelers and cars.
Markoline traffic controls: Markoline Traffic Controls has been a leader in the operation and maintenance of limited highways. According to the prospectus deposited with the BSE, 51.28,000 shares will be sold at a price of ₹78 per share (including premium of ₹68 per equity share).
The company plans to use the majority of the net issue proceeds to strengthen the company’s capital base and will be used for working capital needs.
Markoline Traffic Controls Limited began operations in 2002, initially starting road marking and later in 2009 intended and ventured the business opportunity of operating and maintaining motorway projects.
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