Business description – Sandhar Technologies is the leader in the two-wheeler locking systems market, and the commercial vehicle rear view market in India, and is one of the two largest companies catering to the commercial vehicle locking systems market, and the two-wheeler rear view market in India. It is also one of the two largest manufacturers of operator cabins in India, along with being the largest player in the excavator cabins market. Our business involves designing and manufacturing a diverse range of automotive components, parts and systems, driven by technology, process, people and governance.
Sandhar Technologies’ customer portfolio consists of 79 Indian and global OEMs across various segments. The company manufactures its products from 29 manufacturing facilities across eight states in India, two manufacturing facilities in Spain, and one manufacturing facility in Mexico.
Promoters of Sandhar Technologies – Jayant Davar
| Sandhar Technologies IPO details | |
| Subscription Dates | 19 – 21 March 2018 |
| Price Band | INR327 – 332 per share |
| Fresh issue | INR300 crore |
| Offer For Sale | 8,000,000 shares (INR261.6 – 265.6 crore) |
| Total IPO size | INR561.6 – 565.6 crore |
| Minimum bid (lot size) | 45 shares |
| Face Value | INR10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Use of funds
- Repayment/prepayment of certain loans – INR225 crore
- General corporate purposes
| Sandhar Technologies’ financial performance (in INR crore) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | H1 FY2018 | |
| Total revenues | 1,162.3 | 1,268.9 | 1,487.3 | 1,517.9 | 1,633.5 | 990.6 |
| Total expenses | 1,066.9 | 1,148.7 | 1,342.9 | 1,371.9 | 1,481.1 | 887.0 |
| Profit after tax | 19.2 | 33.2 | 38.4 | 33.7 | 39.6 | 34.6 |
| Net margin (%) | 1.7 | 2.6 | 2.6 | 2.2 | 2.4 | 3.5 |
Sandhar Technologies Contact Details
Sandhar Technologies LimitedÂ
#13
Sector – 44
Gurugram – 122 002
Phone:Â +91 124 451 8900
Fax:Â +91 124 451 8912
Email: [email protected]
Website:Â www.sandhargroup.com
Registrar of Sandhar Technologies IPO
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]
Website:Â http://www.linkintime.co.in
Valuation of Sandhar Technologies (Based on latest FY)
Earnings Per Share (EPS): INR7.66
Price/Earnings (P/E) ratio: 42.68 – 43.34
Return on Net Worth (RONW): 13.01%
Net Asset Value (NAV): INR58.91 per share
Sandhar Technologies IPO Subscription Details
| Category | Shares offered | Subscription (no. of times)Â | ||
| Day 1 | Day 2 | Day 3 | ||
| QIB | 3,085,505 | 0.00 | 0.89 | 14.49 |
| NII | 2,336,147 | 0.00 | 0.07 | 6.38 |
| Retail | 5,451,009 | 0.09 | 0.17 | 1.09 |
| Total | 10,872,661 | 0.05 | 0.40 | 6.02 |
Sandhar Technologies IPO Allotment Status
Sandhar Technologies IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.
Listing Performance of Sandhar Technologies
IPO Opening Date: 19 March 2018
IPO Closing Date: 21 March 2018
Finalisation of Basis of Allotment: 26 March 2018
Initiation of refunds:Â 27 March 2018
Transfer of shares to demat accounts: 28 March 2018
Listing Date: 2 April 2018
Listing Price on NSE: INR346.1 per share (up 4.25% from IPO price)
Closing Price on NSE: INR322.15 per share (down 2.96% from IPO price)
Strong profits but asking price too high. Doesn’t make sense to buy at thse prices when others are available at better rates.
Kindly intimate availability of forms, Banks/Branches for depositing the forms in Bangalore around Electronic City Phase 1
give money to repayment his 225cr. loan. how funny
I think majority of issues that come were either for loan payment or go to the investors. No direct pay to th ecopany
I can’t understand why our money is used for repayment of loan… Issue Size is 300 crores and from that they will repay loans of 225 crores…… And 75 crores for their corporate purposes…… Very bed issue and don’t apply
Loan repaymnt is a good sign Dhaval bhai. I think what we need to pay forward to is if the company is a good business and is making good use of money or not. I like this company, asking PE ratio is little high but overall good! Worth applying IMO!!
Avoid this ipo