Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
|
|
Sahasra Electronics Solutions IPO is a book built issue of Rs 186.16 crores. The issue is a combination of fresh issue of 60.78 lakh shares aggregating to Rs 172.01 crores and offer for sale of 5 lakh shares aggregating to Rs 14.15 crores.
Sahasra Electronics Solutions IPO bidding opened for subscription on September 26, 2024 and will close on September 30, 2024. The allotment for the Sahasra Electronics Solutions IPO is expected to be finalized on Tuesday, October 1, 2024. Sahasra Electronics Solutions IPO will list on NSE SME with tentative listing date fixed as Friday, October 4, 2024.
Sahasra Electronics Solutions IPO price band is set at ₹269 to ₹283 per share. The minimum lot size for an application is 400 Shares. The minimum amount of investment required by retail investors is ₹113,200. The minimum lot size investment for HNI is 2 lots (800 shares) amounting to ₹226,400.
Hem Securities Limited is the book running lead manager of the Sahasra Electronics Solutions IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Sahasra Electronics Solutions IPO is Hem Finlease.
Refer to Sahasra Electronics Solutions IPO RHP for detailed information.
| IPO Date | September 26, 2024 to September 30, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹269 to ₹283 per share |
| Lot Size | 400 Shares |
| Total Issue Size | 6,578,000 shares (aggregating up to ₹186.16 Cr) |
| Fresh Issue | 6,078,000 shares (aggregating up to ₹172.01 Cr) |
| Offer for Sale | 500,000 shares of ₹10 (aggregating up to ₹14.15 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 18,914,763 |
| Share holding post issue | 24,992,763 |
| Market Maker portion | 329,000 shares Hem Finlease |
Sahasra Electronics Solutions IPO offers 65,78,000 shares. 12,49,600 (19%) to QIB, 9,38,200 (14.26%) to NII, 21,87,200 (33.25%) to RII and 18,74,000 (28.49%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 18,74,000 (28.49%) |
| Market Maker Shares Offered | 3,29,000 (5%) |
| QIB Shares Offered | 12,49,600 (19%) |
| NII (HNI) Shares Offered | 9,38,200 (14.26%) |
| Retail Shares Offered | 21,87,200 (33.25%) |
| Total Shares Offered | 65,78,000 (100%) |
Sahasra Electronics Solutions IPO raises Rs 53.03 crore from anchor investors. Sahasra Electronics Solutions IPO Anchor bid date is September 25, 2024. Sahasra Electronics Solutions IPO Anchor Investors list
| Bid Date | September 25, 2024 |
| Shares Offered | 1,874,000 |
| Anchor Portion Size (In Cr.) | 53.03 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 31, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 30, 2024 |
Sahasra Electronics Solutions IPO opens on September 26, 2024, and closes on September 30, 2024.
| IPO Open Date | Thursday, September 26, 2024 |
| IPO Close Date | Monday, September 30, 2024 |
| Basis of Allotment | Tuesday, October 1, 2024 |
| Initiation of Refunds | Thursday, October 3, 2024 |
| Credit of Shares to Demat | Thursday, October 3, 2024 |
| Listing Date | Friday, October 4, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 30, 2024 |
Investors can bid for a minimum of 400 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 400 | ₹113,200 |
| Retail (Max) | 1 | 400 | ₹113,200 |
| HNI (Min) | 2 | 800 | ₹226,400 |
| Lot Size Calculator | |||
The promoters of the company areAmrit Lal Manwani, Arunima Manwani and Varun Manwani
| Share Holding Pre Issue | 95.00% |
| Share Holding Post Issue | 69.90% |
Incorporated in February 2023, Sahasra Electronic Solutions Limited is an Electronic System Design and Manufacturing company that provides electronic system design and manufacturing ("ESDM") services at its Noida plant.
The company provides products and solutions such as printed circuit board ("PCB") assembly, Box Build, and LED lighting. Memory, IT accessories, computer and IT hardware.
During FY 2024, the company exported over 80% of its products and solutions to global manufacturers in countries such as the United States of America, Rwanda, Tunisia, the United Kingdom, Germany, Canada, Austria, and Belgium.
The company has a manufacturing capacity of 1.8 million units through its EN 9100:2018 certified plant in Noida.
The product portfolio of the company includes:
1. Printed circuit board assemblies (PCBAs): The company's PCBAs are utilized in products manufactured in the automotive, medical, industrial, IT, and consumer products industries. This includes box-build products such as laptops and tablets.
2. LED lighting solutions include the LED chip, power supply, printed circuit board, and housing.
3.Computer and IT accessoriesinclude motherboards, DRAM modules, solid-state drives (SSD), USB drives, and other memory products and accessories.
The company is certified under 9100:2018 (equivalent to AS 9100D and JISQ 9100:2016, including ISO 9001:2015) for Quality Management Systems for manufacturing PCB assemblies.
Competitive Strengths
As of March 2024, the company had 160 permanent employees
Sahasra Electronics Solutions Limited's revenue increased by 866% and profit after tax (PAT) rose by 1315% between the financial year ending with March 31, 2024 and March 31, 2023.
| 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 | ||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||
The market capitalization of Sahasra Electronics Solutions IPO is Rs 707.3 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 54.09% |
| ROCE | 42.50% |
| Debt/Equity | 0.36 |
| RoNW | 54.09% |
| PAT Margin (%) | 32.26 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 17.25 | 13.05 |
| P/E (x) | 16.41 | 21.68 |
The company proposes to utilize the funds which are being raised through the Fresh Issue after deducting the Offer related expenses to the extent payable by the company concerning the Fresh Issue, towards funding the following objects:
[Dilip Davda] The company is engaged in the business of providing solutions for electronics system design and manufacturing services. Its proprietorship status changed to a limited company last year. FY24 financial performance marked boosted top and bottom lines that has raised eyebrows and concern over the sustainability of profit margins. Based on super earnings of FY24, the issue appears fully priced. Well-informed investors may park moderate funds for medium term. Read detail review...
The Sahasra Electronics Solutions IPO is subscribed 5.07 times on September 26, 2024 7:30:02 PM. The public issue subscribed 5.34 times in the retail category, 6.38 times in the QIB category, and 2.70 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 6.38 |
| NII | 2.70 |
| Retail | 5.34 |
| Total | 5.07 |
Total Application : 29,216 (5.34 times)
Note:
The financial details mentioned above for March 31 2024 & March 31, 2023 (February 22, 2023 to March 31, 2023) are of the Company.
The following Restated Financial Statements for the financial period/ years ended February 21, 2023, & March 31, 2022, are of the erstwhile proprietorship:
| Period Ended | April 1, 2022 to February 21, 2023 | March 31, 2022 |
| Assets | 5,173.52 | 2,185.39 |
| Revenue | 6,002.92 | 2,212.80 |
| PAT | 1794.56 | 250.17 |
| Net Worth | 2435.06 | 1521.57 |
| Total Borrowings | 798.60 | 30.96 |
Sahasra Electronics Solutions Limited
33, Pocket 1,
Jasola Vihar New Friends Colony
South Delhi-110025,
Phone: +91-120-4202604
Email: cs@sahasraelectronics.com
Website: https://www.seslimited.in/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
SME Company Owners
We could help you get listed on the stock market.
Check our SME IPO Guide 
Sahasra Electronics Solutions IPO is a SME IPO of 6,578,000 equity shares of the face value of ₹10 aggregating up to ₹186.16 Crores. The issue is priced at ₹269 to ₹283 per share. The minimum order quantity is 400 Shares.
The IPO opens on September 26, 2024, and closes on September 30, 2024.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Sahasra Electronics Solutions IPO using UPI as a payment gateway. Zerodha customers can apply in Sahasra Electronics Solutions IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sahasra Electronics Solutions IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sahasra Electronics Solutions IPO opens on September 26, 2024 and closes on September 30, 2024.
Sahasra Electronics Solutions IPO lot size is 400 Shares, and the minimum amount required is ₹113,200.
You can apply in Sahasra Electronics Solutions IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Sahasra Electronics Solutions IPO will be done on Tuesday, October 1, 2024, and the allotted shares will be credited to your demat account by Thursday, October 3, 2024. Check the Sahasra Electronics Solutions IPO allotment status.
Useful Articles
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
|
|
RHP
