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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Prepayment or Repayment of Borrowings
Prepayment or repayment, in full or in part, of certain debt facilities availed by the company.
Setting up a New Manufacturing Plant
Funding the establishment of a new manufacturing facility at Hosur, Tamil Nadu.
General Corporate Purposes
Funding general corporate needs and strategic growth initiatives.
(₹ in Crore)
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Incorporated in 1987, Sandhar Technologies Limited is a leading customer-centric OEM supplier in the Indian automotive component industry, specializing in the design, manufacturing, and assembly of safety and security systems. The company manufactures a wide array of products including two-wheeler locking systems, automotive vision systems (rearview mirrors), operator cabins for excavators and heavy construction equipment, aluminium die-cast components, sheet metal parts, and automotive wiring harnesses. Headquartered in Gurugram, Haryana, Sandhar operates an extensive network of manufacturing facilities across key industrial hubs in India and internationally. It serves major domestic and global OEMs including Hero MotoCorp, TVS Motors, Honda Motorcycle & Scooter India, Eicher Motors, and JCB India. Its products cater to a diverse customer base across two-wheelers, passenger vehicles, commercial vehicles and off-highway equipment segments. With a strong focus on innovation, quality and engineering capabilities, Sandhar Technologies has established long-standing relationships with leading automotive manufacturers in India and international markets, supporting its growth through product diversification and expanding manufacturing capabilities.
Sandhar Technologies raised Rs 153.74 crore from 15 anchor investors on March 16, 2018, by allocating 4,630,842 equity shares at Rs 332 per share. Key participating anchor investors included DSP BlackRock Small Cap Fund, ICICI Prudential Indo Asia Equity Fund, SBI Equity Savings Fund, IDFC Tax Advantage (ELSS) Fund, Theleme Master Fund, Aurigin Master Fund, Nomura, Eastspring Investments, and Aditya Birla Sun Life Insurance.
Source: RHP • Analysis provided for informational purposes
Last Updated: 30 July 2026, 11:36 AM
Market Leadership in Core Categories
Holds a dominant market share in two-wheeler locking systems and commercial vehicle operator cabins in India.
Diversified Product Portfolio
Offers an extensive range of components spanning locks, vision systems, die castings, and wiring harnesses across multiple automotive segments.
Long-standing OEM Relationships
Maintains long-term partnerships with leading automotive OEMs such as Hero MotoCorp and TVS Motors.
Extensive Manufacturing Footprint
Operates strategically located manufacturing facilities close to key OEM production hubs across India.
Customer Concentration Risk
A significant portion of overall revenue relies on key OEM customers in the two-wheeler and off-highway sectors.
Raw Material Price Volatility
Fluctuations in key input costs such as zinc, aluminium, and steel can adversely impact profitability margins.
Automotive Sector Cyclicality
Financial performance is closely tied to overall economic cycles and demand growth within the Indian automotive industry.
Sandhar Technologies Limited
MUFG Intime India Private Limited
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