Sandhar Technologies IPO
Sandhar Technologies Limited (SANDHAR) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 02 April 2018.
Listed 2 Apr
Subscribed 6.19x
Listing gain +4.2%
Issue details
Price band
₹327–332
Issue price
₹332
Lot size
45 shares
Min. retail bid
₹14,940
Max. retail bid
13 lots (₹1,94,220)
Issue size
₹515 Cr
Face value
₹10
Bidding
19 Mar – 21 Mar 2018
Listing
02 Apr 2018
Retail quota
35%
Registrar
Link Intime India Private Limited
Listing day
Listed at
₹346
+4.2% vs issue price ₹332
Day's high
₹352
+6.0% · low ₹318 (-4.1%)
Day's close
₹322
-3.0% · traded ₹333 Cr
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 30,85,505 | 4,47,20,505 | 14.5x | |
| NII (HNI) total | 23,36,147 | 1,49,16,645 | 6.39x | |
| Retail | 54,51,009 | 77,16,915 | 1.42x | |
| Total | 1,08,72,661 | 6,73,54,065 | 6.19x |
Bids on NSE and BSE together, as published by NSE. Shares offered exclude the anchor portion. 10% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Sandhar Technologies's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Sheela FoamDec 2016 | 14.5x | 3.35x | 0.44x | 5.09x | ₹548 Cr | +17.8% | +41.4% |
| Laurus LabsDec 2016 | 10.5x | 3.58x | 1.67x | 4.57x | ₹1,334 Cr | +14.5% | +16.4% |
| Future Supply Chain SolutionsDec 2017 | 12.4x | 11.2x | 3.28x | 7.56x | ₹650 Cr | 0.0% | +5.3% |
| Newgen Software TechnologiesJan 2018 | 15.6x | 5.52x | 5.18x | 8.25x | ₹428 Cr | +3.7% | +8.9% |
| PSP ProjectsMay 2017 | 8.38x | 10.4x | 6.47x | 8.58x | ₹212 Cr | -9.5% | -5.0% |
| Mahindra LogisticsNov 2017 | 15.6x | 2.07x | 6.10x | 7.90x | ₹829 Cr | 0.0% | +1.1% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| ICICI Securities | 109 | +21.3% | 69% |
| Axis Capital | 107 | +20.4% | 73% |
Offer documents (NSE)
Frequently asked
What is the Sandhar Technologies IPO price band and lot size? ₹327–332 per share, with a lot of 45 shares, so the smallest retail bid is ₹14,940.
How many times has it been subscribed? 6.19x overall: QIB 14.5x, NII 6.39x, retail 1.42x.
How did it list? It opened at ₹346, +4.2% against the issue price of ₹332, and closed its first day -3.0%.
Other IPOs of 2018
Dinesh EngineersGarden Reach Shipbuilders & EngineersAavas FinanciersIrcon InternationalHDFC Asset Management CompanyTCNS Clothing Co.Varroc EngineeringRITES
All 2018 IPOs →
Important: The AI listing estimates on Flash Finance are statistical estimates drawn from
how past Indian IPOs have listed. They are not a forecast of what any IPO will do, not a recommendation to apply, buy or sell,
and not investment advice. Listing prices depend on market conditions on the listing day and can differ widely from any
estimate; past patterns may not repeat. Subscription figures are as published by NSE (bids on NSE and BSE together) and can be
revised. Flash Finance is not a SEBI-registered investment adviser or research analyst. Read the issue's Red Herring
Prospectus and consult a SEBI-registered adviser before you invest.
