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Sansera Engineering IPO: Issue open today, know will it be the right decision to invest in it?

Sansera Engineering IPO: The IPO of this auto component maker is opening today i.e. on September 14. The issue will close on 16 September. The company’s…

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Policybazaar IPO will open for subscription on November 1, know how much the price band of the issue has been decided

Sansera Engineering IPO: The IPO of this auto component maker is opening today i.e. on September 14. The issue will close on 16 September. The company’s issue price band is Rs 734-744. Sansera Engineering is bringing an IPO of Rs 1,282.98 crore. This issue is a 100% offer for sale. The promoters and existing investors of the company are selling some of their stakes.

Is it ok to invest in this IPO?

Sansera Engineering has a total of 16 plants. Of these, 15 are in India and one in Sweden. The company manufactures complex and critical precision engineering components in the automotive and non-automotive sectors. In the automotive segment, the company manufactures connecting rods, rocker arms for 2W, PV, and CV verticals. Most of the company’s revenue comes from manufacturing components related to the internal combustion engine of the car.

Market experts say that more electric vehicles will be made in the coming days. The engines used in these vehicles will be replaced by electric motors and components. According to Financial Express, COO Aditya Kondavar, Founder, JST Investments said, “Although the company says that it is the most important part of its business model. But it remains to be seen how the company adopts it. But this is the perfect example of Major Disruption coming up.”

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Disruption is because if more electric vehicles are made, then the company will also have to change its business accordingly. Although the company says that it is ready for it. According to the higher price band of the issue, Kondavar said, “Sansera Engineering has a valuation of 2.4 times the price to sales, while the company’s P/E is 36.2.

The partnership of Sansera Engineering and Maruti Suzuki in the passenger vehicle segment is more than 30 years old. The company’s partnership with Fiat Chrysler is of 10 years. At the same time, Sansera Engineering’s partnership with North American’s passenger vehicle OEM is 10 years old.

JM Financial says that the business model of Sansera Engineering is diversified. Its results are also better than the industry trends. In addition, it is the industry leader on many parameters. According to the brokerage firm, there is also some risk to the company. These include dependence on third parties for transportation and timely delivery of products.

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The company relies on third parties for transportation and does not have long-term supply contracts with them. In such a situation, due to the non-availability of suppliers on time or due to a bottleneck in the delivery of raw material, or too much fluctuation in raw material prices, the business of the company can be adversely affected. Apart from this, one of the risks associated with the company is also related to foreign exchange rate fluctuations.

The issue of Sansera Engineering will close on September 16 and allotment of its shares is likely to take place on September 21. Its listing can be done on NSE and BSE on 24 September. One lot of Sansera Engineering consists of 20 shares. Retail investors will have to invest at least Rs 14880 in this. After the listing of the company, the promoters’ stake in the company will come down from 43.91% to 36.56%.

The trading of unlisted shares of the issue of Sansera Engineering started in the gray market only after the issue price was ascertained. Today its unlisted shares are trading at a premium of Rs 75. That is, the shares of Sansera Engineering are being traded at Rs.819 (744+75) in the gray market. This is 10% more than the issue price.

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Manvendra Chaudhary, with over 5 years of professional experience as CEO of Unique News and Megalent Marketing, shares insights on life, business, and health for your success.

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Mona Patel Net Worth 2024: How Much is the Entrepreneur and Philanthropist Worth?

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Mona Patel Net Worth 2024: How Much is the Entrepreneur and Philanthropist Worth?

Who is Mona Patel?

Mona Patel, a renowned entrepreneur and philanthropist, has captured headlines with her remarkable achievements. Hailing from Vadodara, Gujarat, India, Patel embarked on her journey to the United States at a young age to pursue her entrepreneurial aspirations. She is a trailblazer in various fields, including business, education, and philanthropy. Her dedication to empowering women and supporting meaningful causes has earned her widespread recognition.

Mona Patel Career

Remarkable achievements and relentless dedication mark Patel’s career trajectory. She holds an impressive array of qualifications, including a Bachelor of Science degree in Computer Science from Gujarat University, a Master of Science degree in Real Estate and Finance from the University of Florida, and a Master’s degree in Business Administration from MIT Sloan School of Management, among others.

Her professional journey includes pivotal roles in esteemed organizations such as Creative Choice Group, Select Radiology, Monalisa Properties, Teliradx, HauteX Ventures, M1 Imaging, CareFirst Imaging, Culture For Cause, and RadXai. As the Co-Founder, CEO, and CFO of various ventures, Patel has demonstrated exemplary leadership and innovation, contributing significantly to the business landscape.

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Mona Patel’s Net Worth

As of 2024, Mona Patel’s net worth is estimated to be approximately $1.2 billion. This substantial wealth is a testament to her entrepreneurial acumen and strategic investments across diverse sectors. Patel’s multifaceted business ventures have not only propelled her financial success but also enabled her to make a meaningful impact on society through philanthropy and social initiatives.

Mona Patel Age

Born on April 28th, Mona Patel’s age aligns with her dynamic personality and visionary leadership. As a Taurus by zodiac sign, she embodies qualities of determination, resilience, and creativity, which have been instrumental in her journey to success.

Mona Patel Family: Husband

In her personal life, Mona Patel shares a fulfilling relationship with her husband, Chintan Desai, a successful businessman. The couple exchanged vows on November 29th, 2007, and their enduring bond is evident through their cherished moments shared on social media.

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Mona Patel Height and Weight

While specific details regarding Mona Patel’s height and weight are not readily available, her towering achievements in business and philanthropy speak volumes about her stature as a dynamic leader and role model.

Also Read: Charlotte Tilbury Net Worth 2024: How Much is the Entrepreneur and Make-up Artist Worth?

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Net Worth

David Yong Net Worth 2024: How Much is the CEO of the Singapore-based Evergreen Group Holdings Worth?

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David Yong Net Worth 2024: How Much is the CEO of the Singapore-based Evergreen Group Holdings Worth?

Who is David Yong?

David Yong is the CEO of Evergreen Group Holdings, a prominent Singaporean businessman, lawyer, and K-pop artist. He owns over fifteen firms spanning various industries, including wood, real estate, food and beverage, lifestyle, and finance.

David Yong Career:

Yong began his career as a trainee lawyer before joining his family’s firm in 2014. He oversees over fifteen companies, diversifying his father’s company with a strong focus on the Indochina region under the corporate umbrella of Evergreen Assets Management.

David Yong’s Net Worth:

David Yong’s estimated net worth in 2024 is $16.7 million. His wealth stems from reported shares across multiple companies, including Processa Pharmaceuticals, Inc., and QUESTCOR PHARMACEUTICALS INC. He also owns fifteen homes in Asia and holds $90 million in cash.

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David Yong Age:

David Yong is 36 years old.

David Yong Family: Parents:

Yong’s father is Yong Ing Fatt, who laid the foundation for the family’s timber logging business in Indochina. David followed his father on business trips and learned the ropes of the industry from a young age.

David Yong Height and Weight:

There is no specific information provided regarding David Yong’s height and weight in the referenced content.

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Net Worth

Mohammed bin Salman Al Saud Net Worth 2024: How Much is the Crown Prince of Saudi Arabia Worth?

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Mohammed bin Salman Al Saud Net Worth 2024: How Much is the Crown Prince of Saudi Arabia Worth?

Who is Mohammed bin Salman Al Saud?

Mohammed bin Salman, born on August 31, 1985, in Jeddah, Saudi Arabia, is the Crown Prince and Prime Minister of Saudi Arabia. He holds significant global influence and is known for his authoritative leadership stance.

Mohammed bin Salman Al Saud’s Career

Mohammed bin Salman’s career trajectory is notable. He graduated with a Bachelor’s Degree in Law and ventured into various entrepreneurial endeavors before becoming a formal advisor to his father, who was then the governor of Riyadh. Over the years, he ascended through political ranks, eventually becoming the Crown Prince and Prime Minister of Saudi Arabia.

Mohammed bin Salman Al Saud’s Net Worth

Mohammed bin Salman’s net worth has been a topic of interest and contention. While figures vary, estimates suggest his net worth is in the billions, with some sources citing figures around $5 billion and others suggesting figures exceeding $25 billion.

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Mohammed bin Salman Al Saud Age

As of 2024, Mohammed bin Salman is 39 years old, born on August 31, 1985, in Jeddah, Saudi Arabia.

Mohammed bin Salman Al Saud Family: Wife and Children

Mohammed bin Salman is married to Sara Bint Mashoor bin Abdul Aziz Al Saud, with whom he shares five children—three sons and two daughters. His family holds significant positions within the Saudi royal lineage, with Sara Bint Mashoor’s heritage tracing back to King Abdulaziz.

Mohammed bin Salman Al Saud Height and Weight

Mohammed bin Salman stands at a height of 6 feet 0 inches (183 cm), earning him the affectionate nickname “The Tallest” among his contemporaries. However, specific details about his weight are currently unavailable.

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