Two IPOs will be open for subscription this week. Details here
Two companies plan to launch their initial public offerings (IPOs) this week, namely auto component maker Sansera Engineering and Markoline Traffic Controls Limited. Sansera Engineering’s IPO will begin on September 14, while that of Markoline Traffic Controls is scheduled to launch on September 15, and the two companies’ three-day issuance will end on September 16 and 20, respectively.
IPO Details –
Sansera Engineering: The price range for the IPO of the Bengaluru-based auto components maker has been set at ??734-744 per share. The public offering (IPO) is entirely an offer for sale (OFS) of 17,244,328 shares by the promoters and existing shareholders.
Sansera Engineering is an integrated manufacturer led by the engineering of complex and critical precision components in the automotive and non-automotive industries. The company is a leading manufacturer of connecting rods, crankshafts, rocker arms and shift forks for two-wheelers as well as passenger vehicles.
Markoline traffic controls: Markoline Traffic Controls Limited is a leading motorway operation and maintenance company. According to the prospectus filed with the ESB, 51,28,000 equity shares are offered at a price of ??78 per share (including the premium of ??68 per share).
The company plans to use the majority of the net proceeds from the issuance to strengthen the company’s capital base and will be used for working capital requirements.
Markoline Traffic Controls limited started commercial activities in 2002, started with road marking and later in 2009, considered and attempted the business opportunity of operation and maintenance of road projects.
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