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 |
