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Sahasra Electronics Solutions IPO

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NSE 26 September - 30 September 2024
Sahasra Electronics Solutions Limited IPO is a book build issue of 186.16 Cr. The issue is entirely a fresh issue of 6578000 shares aggregating to 186.16 Cr. Sahasra Electronics Solutions Limited IPO opened for subscription on Sep 26, 2024 and closed on Sep 30, 2024. The allotment for the this IPO was finalized on Oct 01, 2024. IPO was listed on NSE and BSE on Oct 04, 2024. Sahasra Electronics Solutions Limited IPO is set issue price band at ₹269 to ₹283 per share.

Current GMP

₹172 (+60.78%)

Price Band

₹ 269 – 283

Lot Size

400

Issue Size

₹186.16 Cr

Minimum Investment

₹226400 (800 Shares)

Listing Date

04 October 2024

Subscription

122.17x

About the Company

Sahasra Electronics Solutions possesses the EN 9100:2018 certification and is engaged in the design and manufacturing of electronics systems at its Noida, Uttar Pradesh facility. The factory boasts high-speed SMT lines, with a capacity of approximately 1.8 million units. The company offers a variety of products, including printed circuit board assembly, box build, LED lighting, memory, IT accessories, computers, and IT hardware. 

Sahasra Electronics Solutions has experienced considerable growth in its client base, increasing from approximately 20 customers in Fiscal 2022 to around 40 by Fiscal 2024. The company caters to a wide range of industries, such as railways, aerospace, marine, automobile, healthcare, and IT hardware, thereby minimizing dependence on individual clients. As of 31 March 2024, the company had approximately 160 employees at various levels. 

The company distributes its products both within India and in over 10 international countries, including the United States, Rwanda, Tunisia, the United Kingdom, Germany, Canada, Austria, Belgium, Norway, and Panama.

Promoters

The promoters of the company are

  1. Amrit Lal Manwani
  2. Arunima Manwani
  3. Varun Manwani
Promoters Holding

Holding Pre Issue

95.00%

Holding Post Issue

69.90%

Objects of the Issue

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:

  1. Funding Capital Expenditure towards the installation of additional plant and machinery at a new manufacturing facility situated at Bhiwadi, Rajasthan;
  2. Investment in the Subsidiary, Sahasra Semiconductors Private Limited, for financing its capital expenditure requirements for the installation of additional plant and machinery;
  3. To Meet Working Capital Requirements;
  4. General Corporate Purposes.

Address / Contact Info

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

IPO Snapshot

Face Value₹10 per share
Price Band₹ 269 – 283
Lot Size400
Issue TypeBook-building IPO
Sale Type
Fresh Issue₹ 186.16 Cr
Offer for Sale₹ 0.00 Cr
Total Issue Size₹ 186.16 Cr
Listing AtNSE
Industry
Sector
QIB Quota19%
Retail Quota33.25%

Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.

Frequently Asked Questions

Everything you need to know before applying to an IPO.

Sahasra Electronics Solutions IPO is a Book-building IPO worth ₹186.16 crores. The price band is ₹269 to 283 per share. The IPO opens on Thu, Sep 26, 2024 and closes on Mon, Sep 30, 2024. It will be listed on BSE and NSE. Bigshare Services Pvt Ltd is the registrar.

The Sahasra Electronics Solutions IPO opens on Thu, Sep 26, 2024 and closes on Mon, Sep 30, 2024

Sahasra Electronics Solutions IPO Price Band is ₹269 to 283.

Sahasra Electronics Solutions IPO lot size is 400, and the minimum amount required for application is ₹226400.

The minimum investment for Sahasra Electronics Solutions IPO is approximately ₹226400 based on the upper price band.

To apply for the Sahasra Electronics Solutions IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Mon, Sep 30, 2024. After submission, funds are blocked until the basis of allotment of Sahasra Electronics Solutions IPO is finalised.

Sahasra Electronics Solutions IPO issue size is ₹186.16 crores.

Sahasra Electronics Solutions IPO allotment date is Sat, Jun 27, 2026.

The registrar for Sahasra Electronics Solutions IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website for IPO allotment status, refund processing, and other queries related to Sahasra Electronics Solutions IPO through their official website or helpline.

The Sahasra Electronics Solutions IPO GMP (Grey Market Premium) is ₹172 as of Fri, Oct 4, 2024. Based on the upper price band of ₹283 per share, the estimated Sahasra Electronics Solutions IPO listing price is ₹455, indicating a potential listing gain of approximately 31% over the issue price.