Auto-components maker Sansera Engineering has filed draft papers with capital markets regulator Sebi to float an initial public offering.
The IPO will see sale of up to 1,72,44,328 equity shares by existing shareholders as well as promoters, according to the draft red herring prospectus (DRHP) filed with Sebi.
"The listing of equity shares will enhance our company's brand name and visibility and provide liquidity to the existing shareholders. The listing will also provide a public market for equity shares in India," Sansera Engineering said.
The Bengaluru-based firm is an engineering-led integrated manufacturer of complex and high-quality precision components for the automotive and aerospace sectors,
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