The company is aiming to raise Rs 170.80 crore through its upcoming public issue at the upper price band.
Around 40 current and former Paytm employees have converted their stock options to shares.
A few IPOs are languishing below their issue price even in a market swamped by liquidity.
Sansera Engineering’s business witnessed marked recovery from the impact of Covid led complete lockdown in H1FY21.
The IPO opens for subscription on September 14 and will close on September 16. The price band has been set at Rs 734-744 per share.
Sansera Engineering IPO: The company managed to reduce its net debt from Rs 563.76 crore in FY19 to Rs 484.60 crore in FY21.
In 2021 to date, 38 new IPOs have hit the market and another 20-25 are scheduled to make their debut.
The price band for Bengaluru based company has been fixed at Rs 734-744 per share having a face value of Rs 2 per share.
As per market news, GMP for Vijaya Diagnostic Centre is at Rs 5 i.e 1% at the upper price band of the IPO.
Ami Organics IPO: We suggest short term investors to book profit on listing day if they receive the allotment," said Yash Gupta of of Angel Broking.