The Sahasra Electronics Solutions IPO is set to open on September 26 and will close on September 30. This Book Built Issue aims to raise approximately ₹186.16 crores, consisting of a fresh issue worth ₹172.01 crores, along with an offer for sale of up to 500,000 equity shares, each having a face value of ₹10.
Table of contents
- Sahasra Electronics Solutions IPO Overview
- Company Details
- Key Dates
- Financials (₹ in Lakhs)
- IPO Lot Size
- The objective of the Issue
- Company Promoters
- Sahasra Electronics Solutions IPO GMP (Grey Market Premium)
- Sahasra Electronics Solutions IPO Application Form PDF
- Sahasra Electronics Solutions IPO Subscription Status
- Sahasra Electronics Solutions IPO Allotment Status
- IPO Review
- Sahasra Electronics Solutions IPO Registrar
- Sahasra Electronics Solutions IPO Lead Manager
- Sahasra Electronics Solutions IPO Limited Contact
- FAQs
Sahasra Electronics Solutions IPO Overview
| Overview Points | Description |
|---|---|
| Company Name | Sahasra Electronics Solutions Limited |
| Industry | Electronics System Design and Manufacturing |
| IPO Issue Type | Book Built Issue |
| Open Date | September 26, 2024 |
| Close Date | September 30, 2024 |
| Total Issue Size | ₹186.16 Crores (6,578,000 Equity Shares) |
| Fresh Issue | ₹186.16 Crores (6,578,000 Equity Shares) |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹269 to ₹283 per share |
| Listing on | NSE SME |
| Lot Size | 400 Shares |
| Offer for Sale | NA |
| Shares Offered to Retail | 35% |
| Shares Offered to QIB | 50% |
| Shares Offered to HNI | 15% |
Company Details
Sahasra Electronics is a prominent company in Uttar Pradesh, certified with EN 9100:2018 (equivalent to AS9100D and JISQ 9100:2016, including ISO 9001:2015). The company focuses on electronics system design and manufacturing (ESDM) services at its facility located at 68AA, NSEZ, Nepz Post Office, Gautam Buddha Nagar, Noida, Uttar Pradesh – 201305. This plant boasts four high-speed SMT lines with a total capacity of around 1,800,000 units.
Sahasra Electronics offers a range of products and solutions, including printed circuit board (PCB) assembly, box build, and LED lighting. Notably, over 80% of its products were exported in FY 2024 to countries such as the United States, Rwanda, Tunisia, the United Kingdom, Germany, Canada, Austria, and Belgium.
The company has successfully completed a three-year agreement for the design and marketing of hardware and software products, including laptops and tablets. Additionally, it has fostered strong relationships with clients through a dedicated service model aimed at providing quick solutions. As a result of its commitment and adaptability, Sahasra Electronics has expanded its customer base from around 20 clients in Fiscal 2022 to approximately 40 clients in Fiscal 2024, attracting significant attention from customers seeking reliable partners.
Key Dates
| Events | Date |
|---|---|
| IPO Open Date | September 26, 2024 |
| IPO Close Date | September 30, 2024 |
| Basis of Allotment | October 1, 2024 |
| Refunds | October 3, 2024 |
| Credit to Demat Account | October 3, 2024 |
| IPO Listing Date | October 4, 2024 |
Financials (₹ in Lakhs)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|
| Assets | ₹10,804.36 | ₹4,820.23 |
| Revenue | ₹10,278.79 | ₹1,063.91 |
| Profit After Tax | ₹3,262.77 | ₹230.55 |
| Net Worth | ₹6,031.69 | ₹2,027.5 |
| Reserves and Surplus | ₹4,140.21 | ₹230.55 |
| Total Borrowing | ₹2,171.89 | ₹689.84 |
IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 400 | ₹113,200 |
| Retail (Max) | 1 | 400 | ₹113,200 |
| HNI (Min) | 2 | 800 | ₹226,400 |
The objective of the Issue
- Firstly, they will support capital expenditure for the installation of additional plant and machinery at a new manufacturing facility in Bhiwadi, Rajasthan.
- Secondly, the investment will be directed toward the subsidiary, Sahasra Semiconductors Private Limited, to help finance its capital expenditure needs for installing further machinery.
- Additionally, the funds will be utilized to meet working capital requirements. Finally, some of the capital will be reserved for general corporate purposes to strengthen overall operations.
Company Promoters
- Mr. Amrit Lal Manwani
- Mrs. Arunima Manwani
- Mr. Varun Manwani.
Sahasra Electronics Solutions IPO GMP (Grey Market Premium)
Are you curious about the latest Grey Market Premium (GMP) for the Sahasra Electronics Solutions IPO? Look no further! Visit our dedicated IPO GMP section where we keep you in the loop with daily updates on all IPOs, including Sahasra Electronics Solutions Limited. Additionally, stay ahead of the game with real-time GMP insights that can help you make informed investment decisions. Whether you’re a seasoned investor or just getting started, our updates have got you covered!
Sahasra Electronics Solutions IPO Application Form PDF
To download the Sahasra Electronics Solutions IPO application form, simply check out the IPO Forms. Additionally, you can download the ASBA IPO Forms PDF.
Sahasra Electronics Solutions IPO Subscription Status
This IPO subscription kicks off on September 26, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
Sahasra Electronics Solutions IPO Allotment Status
To check the Sahasra Electronics Solutions IPO allotment status go to the IPO registrar website Bigshare or go to IPO Allotment.
Furthermore, To check allotment status. Firstly, follow the steps below:
- Firstly, go to the link given above.
- Secondly, select the company name.
- Then, enter your PAN Number, Beneficiary Number, Application Number, or CAF Number.
- Finally, submit the details to get the allotment status.
IPO Review
Strengths:
- Sahasra Electronics has a robust position in the market due to its advanced technological capabilities and strong manufacturing processes.
- The company is known for its commitment to quality, which has helped it build lasting relationships with clients across various sectors.
- Additionally, its diverse product range caters to both the automotive and consumer electronics industries, enhancing its market reach.
- Furthermore, a skilled management team with extensive industry experience drives the company’s strategic vision and operational efficiency, positioning it well for future growth.
Risks:
- One significant concern is the reliance on a limited number of suppliers for key components. Any disruption in the supply chain could impact production and financial performance.
- Moreover, the company operates in a highly competitive market, where rapid technological advancements and changing consumer preferences can pose challenges.
- Additionally, fluctuations in raw material costs may affect profit margins, and any adverse changes in regulatory requirements could also impact operations.
Sahasra Electronics Solutions IPO Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Sahasra Electronics Solutions IPO Lead Manager
HEM SECURITIES LIMITED
904, A Wing, Naman Midtown, Senapati Bapat Marg,
Elphinstone Road, Lower Parel, Mumbai-400013, India
Phone: +91- 022- 49060000
Email: ib@hemsecurities.com
Website: www.hemsecurities.com
Sahasra Electronics Solutions IPO Limited Contact
SAHASRA ELECTRONIC SOLUTIONS LIMITED
68-AA Noida Special Economic Zone, Nepz Post Office, Gautam
Buddha Nagar, Noida-201305, Uttar Pradesh, India
Phone: +91-120-4202604
E-mail: cs@sahasraelectronics.com
Website: www.seslimited.in
FAQs
The IPO will open for subscription on September 26, 2024, for Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII), and Retail Investors, and will close on September 30, 2024.
Additionally, The allocation for investors is divided as follows: 50% for QIBs, 15% for NIIs, and 35% for Retail Investors.
You can apply for the Sahasra Electronics IPO online via ASBA through your bank account. Alternatively, you can apply online via UPI through your stockbroker, or fill out the offline application form with your stockbroker.
Furthermore, The issue size for the Sahasra Electronics IPO is set at ₹186.16 crores.
The price band for the Sahasra Electronics IPO ranges between ₹269 and ₹283 per share.
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