Sahasra Electronics Solutions Limited IPO

NiftyTrader • September 22, 2024

Post Views: 6,078

Sahasra Electronics Solutions Limited IPO

Sahasra Electronics Solutions Limited’s IPO opens on September 26, 2024, and closes 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 be listed on NSE SME with a 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.

Sahasra Electronics Solutions IPO is a book built issue of Rs 186.16 crores. The issue is a combination of a fresh issue of 60.78 lakh shares aggregating to Rs 172.01 crores and an offer for sale of 5 lakh shares aggregating to Rs 14.15 crores.

Sahasra Electronics Solutions IPO Details

IPO Date	September 26, 2024 to September 30, 2024
Listing Date	[.]
Face Value	₹10 per share
Price	₹269 to ₹283 per share
Lot Size	400 Shares
Total Issue Size	6,578,000 shares (aggregating up to ₹186.16 Cr)
Fresh Issue	6,578,000 shares (aggregating up to ₹186.16 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
Shareholding pre-issue	18,914,763
Shareholding post-issue	24,992,763
Market Maker portion	329,000 shares

Sahasra Electronics Solutions IPO Lot Size

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
S-HNI (Min)	2	800	₹226,400

Sahasra Electronics Solutions IPO Objectives

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 Purpose.

About Sahasra Electronics Solutions Limited

Incorporated in February 2023, Sahasra Electronic Solutions Limited is an Electronic System Design and Manufacturing (ESDM) company based in Noida, specializing in printed circuit board (PCB) assembly, box builds, and LED lighting solutions. With over 80% of its products exported to countries like the USA, UK, Germany, and Canada during FY 2024, the company boasts a manufacturing capacity of 1.8 million units at its EN 9100:2018 certified plant. Its diverse product offerings include PCBAs for various industries, LED lighting systems, and computer accessories such as motherboards and SSDs. Sahasra benefits from being located in a special economic zone, allowing for tax advantages on exports. The company’s robust ERP platform ensures compliance with stringent quality standards, supported by a diverse Board of Directors and an experienced management team. As of March 2024, Sahasra employs 160 permanent staff.

Sahasra Electronics Solutions Limited Financial Information

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

Sahasra Electronics Solutions IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not more than 50.00% of the Net Issue
Retail Shares Offered	Not less than 35.00% of the Net Issue
NII (HNI) Shares Offered	Not more than 15% of the Net Issue

Sahasra Electronics Solutions IPO Timeline

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
A 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