Sansera Engg gains on launching QIP; floor price at Rs 1,635.48/share

The floor price of Rs 1,635.48 is at a premium of 3.07% to the previous day's closing price of Rs 1,586.70 on the BSE.

The company stated that it may offer a discount of not more than 5% on the floor price so calculated for the issue.

Sansera Engineering is primarily engaged in the machining of precision engine forged components for the automotive (2Ws and 4Ws) and non-automotive sectors (aerospace, agriculture). The company also manufactures connecting rods for medium and heavy commercial vehicles.

The company's consolidated net profit rose 10.9% to Rs 49.58 crore on a 12.7% increase in net sales to Rs 743.93 crore in Q1 FY25 over Q1 FY24.