Offer

Fresh Issue: Rs 300 crore (Rs 225 crore will be used to pay debt and rest will be utilised for corporate purposes)
Sale of stake by existing investors: Rs 212.5 crore

Issue begins today, March 19 and closes on March 21.

Business

Sandhar Technologies Ltd has 21 categories for the products it makes. These include rear view mirrors for commercial vehicles, two-wheeler locking system, aluminum components and wheel assembly.

It has 31 facilities in India in 8 states, 2 in Spain and one in Mexico. It is also commissioning 5 other plants in India.

It has 79 original equipment makers (OEM) as its clients. These are but global and Indian, they include Hero Motorcorp Ltd, TVS Motor Company Ltd. and Eicher Motors Ltd.

12% of its revenue comes from Europe.

Financials

Its net worth after IPO will be Rs 628 crore, making its book value Rs 104 per share. In four years through March 2017, its revenue grew at an annualised rate of 9% and its net profit grew at 6%.

Its revenue and net profit for the first half ended September was Rs 989 crore and Rs 34 crore respectively.
Sandhar Technology Ltd has a debt of close to Rs 354 crore which will fall after repayment from the proceeds of the IPO. It has invested Rs 600 crore into its business in the last 5 years.