India: Auto parts maker Sansera Engineering files DRHP for IPO valued at $200m

India: Auto parts maker Sansera Engineering files DRHP for IPO valued at $200m

Auto parts maker Sansera Engineering Ltd on Monday filed the draft red herring prospectus for its initial public offering (IPO), joining a long list of companies headed for stock markets. The IPO size is expected to be around ₹1,400-₹1,500 crore, a person aware of the company’s plans said on condition of anonymity. Mint had reported in June that Bengaluru-based Sansera had hired investment banks to start work on its IPO. The company is backed by US-based private investment group Rohatyn Group.

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