Sahasra Electronics Solutions IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Thu, 26 Sep 2024
Close Date
Mon, 30 Sep 2024
Price Band
₹ 269 – 283
Lot Size
400
Issue Size
₹ 186.16 Cr
Minimum Investment
₹ 226,400 (800 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Sahasra Electronics Solutions IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹186.16 Crore, comprising a fresh issue of 65.78 Lakh equity shares aggregating to ₹186.16 Crore.
The Sahasra Electronics Solutions IPO remained open for subscription from September 26, 2024, to September 30, 2024. The basis of allotment was finalized on October 01, 2024, and the company's shares were listed on NSE SME Platform on October 04, 2024.
The company had fixed the price band at ₹269 to ₹283 per share, with a lot size of 400 shares. Retail investors were required to make a minimum investment of ₹226,400 (based on the upper price band) to apply for one lot.
Bigshare Services Pvt Ltd served as the registrar to the issue. Hem Securities Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Sahasra Electronics Solutions Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Sahasra Electronics Solutions IPO Timeline (Tentative)
- IPO Open Date
- Thu, 26 Sep 24
- IPO Close Date
- Mon, 30 Sep 24
- Basis of Allotment
- Tue, 01 Oct 24
- Initiation of Refunds
- Thu, 03 Oct 24
- Credit of Shares to Demat
- Thu, 03 Oct 24
- Listing Date
- Fri, 04 Oct 24 — NSE & BSE
Open Date
26 September 2024
Close Date
30 September 2024
Basis Of Allotment
01 October 2024
Listing Date
04 October 2024
IPO Subscription
Check Live Subscription →The Sahasra Electronics Solutions IPO has received bids for 53,44,82,800 shares against 43,75,000 shares offered, resulting in an overall subscription of 122.17x. the NII category is subscribed 260.83x, Retail Investors 74.89x, and QIBs 100.8x.
QIB
100.8x
NII
260.83x
RII
74.89x
Total
122.17x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 21,87,200 shares, representing 33.25% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 12,49,600 shares (19%), while Non-Institutional Investors (NIIs) receive 9,38,200 shares (14.26%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 1,874,000 | 28.49% |
| Market Maker | 329,000 | 5% |
| Qualified Institutions | 1,249,600 | 19% |
| Non-Institutional | 938,200 | 14.26% |
| Retail Investors | 2,187,200 | 33.25% |
| Total | 6,578,000 | 100% |
Financials Details(₹ in Crores)
| Particular | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|
| Assets | 10804.36 | 4820.23 |
| Revenue | 10278.79 | 1063.91 |
| Profit After Tax | 3262.77 | 230.55 |
| Net Worth | 6031.69 | 2027.5 |
| Reserve & Surplus | 4140.21 | 230.55 |
| Total Borrowings | 2171.89 | 689.84 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Sahasra Electronics Solutions Limited KPI Information
| Particular | KPI as of March 31, 2024. |
|---|---|
| ROE % | 54.09 |
| ROCE % | 42.5 |
| RoNW % | 54.09 |
| Pat Margin % | 32.26 |
Peers Comparison
No Peer Comparision Available
About Sahasra Electronics Solutions Limited
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.
Sahasra Electronics Solutions IPO Promoters
The promoters of the company are
- Amrit Lal Manwani
- Arunima Manwani
- Varun Manwani
Promoters Holding
Holding Pre Issue
95.00%
Holding Post Issue
69.90%
Sahasra Electronics Solutions IPO Objective
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:
- Funding Capital Expenditure towards the installation of additional plant and machinery at a new manufacturing facility situated at Bhiwadi, Rajasthan;
- Investment in the Subsidiary, Sahasra Semiconductors Private Limited, for financing its capital expenditure requirements for the installation of additional plant and machinery;
- To Meet Working Capital Requirements;
- General Corporate Purposes.
Sahasra Electronics Solutions Limited Address / Contact Details
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
Sahasra Electronics Solutions IPO Lot Size
The Sahasra Electronics Solutions IPO has a lot size of 400 shares. Retail investors require a minimum investment of ₹1,13,200 by applying for 1 lot (400 shares). The maximum application allowed for the retail category is 1 lots (400 shares), requiring an investment of ₹1,13,200.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 400 | 113,200.00 |
| Retail (Max) | 1 | 400 | 113,200.00 |
| S-HNI (Min) | 2 | 800 | 226,400.00 |
Issue Reservation
- Anchor Investors — 28.49%
- Market Maker — 5%
- QIB — 19%
- NII — 14.26%
- RII — 33.25%
Book Running Lead Managers
- Hem Securities Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Sahasra Electronics Solutions IPO?
Sahasra Electronics Solutions IPO is a Book-building IPO with a total issue size of ₹186.16 crore. The Sahasra Electronics Solutions IPO price band is ₹269 to 283 per share. The Sahasra Electronics Solutions IPO subscription opens on Thu, Sep 26, 2024, and closes on Mon, Sep 30, 2024. The Sahasra Electronics Solutions IPO will be listed on the NSE. Bigshare Services Pvt Ltd is the registrar for the Sahasra Electronics Solutions IPO.
When will the Sahasra Electronics Solutions IPO open for subscription?
The Sahasra Electronics Solutions IPO opens on Thu, Sep 26, 2024 and closes on Mon, Sep 30, 2024
What is Sahasra Electronics Solutions IPO Price Band?
Sahasra Electronics Solutions IPO Price Band is ₹269 to 283 per share.
What is Sahasra Electronics Solutions IPO Lot Size?
Sahasra Electronics Solutions IPO lot size is 400 shares, Retail investors need a minimum investment of ₹226400 based on the upper price band
What is the minimum investment for Sahasra Electronics Solutions IPO?
The minimum investment for Sahasra Electronics Solutions IPO is ₹226400, based on one lot of 400 shares at the upper price band of ₹283 per share.
How to apply for Sahasra Electronics Solutions IPO?
Investors can apply for the Sahasra Electronics Solutions IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Mon, Sep 30, 2024. The application amount remains blocked until the Sahasra Electronics Solutions IPO allotment is finalized.
What is Sahasra Electronics Solutions IPO Issue Size?
Sahasra Electronics Solutions IPO issue size is ₹186.16 crores.
What is the Sahasra Electronics Solutions IPO Allotment Date?
Sahasra Electronics Solutions IPO allotment date is Tue, Oct 1, 2024.
Who is the Sahasra Electronics Solutions IPO Registrar?
The registrar for Sahasra Electronics Solutions IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check Sahasra Electronics Solutions IPO allotment status, refund processing, and other IPO-related information.
What is the Sahasra Electronics Solutions IPO GMP?
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 60.78% over the issue price.
Who is the Sahasra Electronics Solutions IPO Lead Manager?
The book-running lead managers (BRLMs) for the Sahasra Electronics Solutions IPO are Hem Securities Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Sahasra Electronics Solutions IPO Red Herring Prospectus (RHP).