SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Sandhar Technologies gets SEBI’s nod to raise Rs 300 crore via IPO

29 Dec 2015 Evaluate

Sandhar Technologies has received approval from market regulator Securities and Exchange Board of India (SEBI) to raise at least Rs 300 crore from an initial public offering (IPO). The company had filed the draft red herring prospectus (DRHP) with SEBI on September 29, seeking permission for an IPO.

The SEBI has cleared the proposed initial share sale and gave its final observations on the IPO on December 21. The initial public offer (IPO) consists of fresh issue of equity shares aggregating up to Rs. 300 crore and offer for sale of up to 51.15 lakh shares by GTI Capital Beta at a face value of Rs. 10 each.

The issue proceed will be used for setting up a new manufacturing facility at Hosur in Tamil Nadu, repayment/pre-payment, in full or part, of certain borrowings and general corporate purposes.

The shares are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) and ICICI Securities, IDFC Securities, IIFL Holdings and Jefferies India are the book running lead managers.

Promoted by Jayant Davar, Sandhar Technologies Automotive is an OEM component supplier with manufacturing plants in India, Spain, Poland and Mexico.

Sandhar Tech Share Price

486.20 -6.15 (-1.25%)
13-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
SamvardhanaMotherson 119.00
Tube Investments 2713.30
Bosch 36606.15
UNO Minda 1072.50
CIE Automotive India 483.45
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×