Sansera Engineering IPO (Initial Public Offering) will open for subscription today and will remain open for subscription until September 16, 2021. The company’s promoters have a fixed price range for the public issue ₹734 tons ₹744 and market experts believe the company’s financial stocks are pretty strong. As ₹The public issue of 1,282.98 billion According to market observers, shares of Sansera Engineering are at a premium of ₹83 today on the gray market. They said that since Sansera Engineering’s shares were available for trading in the gray market, they have been in the range of ₹70 tons ₹85, which is expected to change after the subscription opens today.
Cancer Engineering IPO GMP
As mentioned above, Sansera Engineering is IPO GMP today ₹83, that is ₹3 compared to yesterday’s gray market premium of ₹80. According to market observers, the shares of Sansera Engineering rose at a premium of. offered for trade ₹60 on the gray market last week and after that it has scaled up on ₹83. They said the gray market premium for the IPO of Sansera Engineering in the past three days has been in the range of ₹70 tons ₹85, which may change in the coming days as the subscription opened today. They said a lot will depend on the bidders’ reaction to the IPO.
What this GMP means
Market observers added that the gray market premium is nothing more than the stock market growth expected on the gray market. Because Sansera Engineering IPO is GMP today ₹83, it simply means that the gray market is listing that IPO at around. expected ₹827 ( ₹744+ ₹83) – around 11 percent higher than the issue price of ₹734 tons ₹744 per share.
However, market watchers believe that financial stocks matter most. So, it’s a good idea to look at the company’s financials first before looking at other indicators of the IPO.
Talking about Sansera Engineering’s finances; Saurabh Joshi, Research Analyst at Marwadi Shares and Finance Limited, said: “Given the adjusted EPS of ₹2/21 on a post-issue basis, the company will be trading at a PER of 35.40 with a market capitalization of. note ₹38,225 million, while its competitors Endurance Technologies and Minda Industries are trading at P / E ratios of 33.56 and 56.63, respectively. We are giving this IPO a subscription rating because the company is a leader in precision engineered components that are gaining market share in the automotive and non-automotive sectors and are reasonably valued relative to their peers. “
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