Sansera Engineering – auto Components maker has submitted draft papers (DRHP) with the capital market regulator the Securities and Exchange Board of India (SEBI) for its 17,244,328 equity shares IPO on August 10.

This IPO comprises an offer for sale around 86,35,408 equity shares by the Client Ebene, 20,8,069 shares by S Sekhar Vasan, 48,36,723 equity shares by CVCIGP II Employee Ebene, 5,71,376 shares by Unni Rajagopal K, 5,71,376 shares by D Devaraj and 5,71,376 shares by F R Singhvi.

In short, the company won’t receive any proceeds from this IPO; all will go to the selling shareholders.

About Sansera Engineering:

It manufactures a vast array of precision forged & machined components that are crucial for engine, transmission & other systems for a passenger vehicle, two-wheeler and light & heavy commercial vehicles in the automotive sector. Along with these, it supplies the critical components to aerospace sectors and off-road vehicles like tractors, stationary engines, generator sets & more non-automotive applications.

ICICI Securities, IIFL Holdings, BNP Paribas, Credit Suisse Securities (India) and Nomura Financial Advisory & Securities (India) are the lead managers to the issues.