Sansera Engineering IPO lists at 9.07% premium but holds above Rs.800

Sansera Engineering had a sound listing on 24th September as it listed at a better premium than indicated by the GMP and managed to hold on to the gains. Sansera Engineering listed at a premium of 9.07% and traded through the day in a range of Rs.40. The stock closed the day, well above the listing price. With overall subscription of 11.47X, listing response was in line with the sound subscription. Here is the Sansera Engineering listing story on 24 September.

The Sansera Engineering IPO price was fixed at the upper end of the band at Rs.744 after the 11.47X subscription. The price band for the IPO was Rs.734 to Rs.744. On 24 Sep, the stock of Sansera Engineering listed on the NSE at a price of Rs.811.50, a premium of 9.07% over the issue price. On the BSE, the stock listed at a price of Rs.811.35, a listing premium of 9.05%.

On the NSE, Sansera Engineering closed on 24-Sep at a price of Rs.818.05, a first day closing premium of 9.95% over the issue price. On the BSE, the stock closed at Rs.818.70, a first day closing premium of 10.04% over the issue price. On both the exchanges, the stock of Sansera managed to hold and marginally build on its listing premium quite effectively.

On Day-1 of listing, Sansera Engineering touched a high of Rs.841.95 on the NSE and a low of Rs.801. On Day-1 of listing, the Sansera Engineering stock traded a total of 125.20 lakh shares on NSE amounting to value of Rs.1,028.89 crore. On Day-1, Sansera Engineering was the fourteenth most liquid stock on the NSE by trading value.

On the BSE, Sansera Engineering touched a high of Rs.842 and a low of Rs.800.80. On BSE, the stock traded a total of 11.43 lakh shares amounting to value of Rs.94.15 crore. On Day-1, Sansera Engineering was the thirteenth most liquid stock on the BSE by trading value.

At the close of Day-1 of listing, Sansera Engineering had a market capitalization of Rs.4,206 crore with free-float market cap of just Rs.1,010 crore. 

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