Sahasra Electronics IPO Allotment Status

Summary

Sahasra Electronics Solutions IPO has received an exceptional response from investors, closing with an impressive subscription of 122.06 times by 30th September 2024 at 5:24:00 PM (Day 3). The public issue witnessed substantial demand across all investor categories. The Non-Institutional Investors (NII) category led the charge with a subscription of 260.46 times.

The Qualified Institutional Buyers (QIB) portion demonstrated strong engagement, subscribing 100.80 times. The Retail Investors segment was subscribed 74.85 times. The Anchor Investors and Market Maker portions were fully subscribed. This exceptional response across all categories underscores the positive market sentiment towards Sahasra Electronics Solutions' offering and suggests optimistic investor expectations for the company's future performance.

How to Check Sahasra Electronics IPO Allotment Status:

How to Check Sahasra Electronics IPO Allotment Status on the Registrar's Site?

Step 1: Visit the web portal of Bigshare Services Pvt Ltd (https://ipo.bigshareonline.com/)

Step 2: From the dropdown menu, select Sahasra Electronics Solutions IPO.

Step 3: Choose one of the following modes: PAN ID, Demat Account number, or Application number

Step 4: Enter the information relevant to the mode you have chosen.

Step 5: For security purposes, fill out the captcha accurately.

Step 6: Click "Submit."

How to Check Sahasra Electronics IPO Allotment Status on NSE SME?

On the website of the National Stock Exchange (NSE) SME, investors who placed a bid for the Sahasra Electronics Solutions IPO can monitor the allotment status:

Step 1: Visit the NSE SME website (https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp)

Step 2: Look for the IPO Allotment Status section

Step 3: Select "Sahasra Electronics Solutions Limited" from the dropdown menu under "Company Name."

Step 4: Enter your application number and PAN ID.

Step 5: Click on 'I am not a robot' and then click "Search".

How to Check IPO Allotment Status in a Bank Account?

Log into your Internet Banking: Go to your bank's website or mobile app and log in.

Explore IPO Section: Locate the "IPO Services" or "Application Status" sections by going to the IPO Section. You can find this under the investing or services tab.

Offer Required Information: You might be asked to provide information like your PAN, application number, or other identifiers.

Verify Allotment Status: Once you submit your information, an IPO allotment status indicating the available allocation shares should appear.

Verify Status: To ensure accuracy, you can verify the status with the IPO Registrar or use other resources.

How to Check IPO Allotment Status in a Demat Account? 

Open Your Demat Account and Log in: To access your Demat account, use the mobile app or website of your Depository Participant (DP).

Find IPO Section: Look for the section titled "IPO" or "Portfolio." Search for any services or entries connected to the IPO.

Verify IPO Allotment Status: Look through the IPO section to see if the shares you were given are visible in your Demat account. This section often displays the status of your IPO application.

Verify with Registrar: If the IPO shares are inaccessible, visit the Registrar's website and enter your application data to verify allocation.

Contact DP service if Needed: If there are any discrepancies or problems, contact your DP's customer service.

Sahasra Electronics Solutions IPO Timeline:

Sahasra Electronics Solutions IPO Subscription Status

Sahasra Electronics Solutions IPO received 122.06 subscriptions. By 30th September 2024 at 5:24:00 PM (Day 3), the public issue had been subscribed 74.85 times in the retail category, 100.80 times in the QIB category, and 260.46 times in the NII category.

Subscription Day 3 (as of 5:24:00 PM)
Total Subscription: 122.06 times
QIB: 100.80 times
NII: 260.46 times
Retail investors: 74.85 times
 

Subscription Day 2
Total Subscription: 13.94 times
QIB: 8.60 times
NII: 12.95 times
Retail investors: 17.42 times
 

Subscription Day 1
Total Subscription: 5.07 times
QIB: 6.38 times
NII: 2.70 times
Retail investors: 5.34 times
 

Sahasra Electronics IPO Details 

Sahasra Electronics Solutions' initial public offering (IPO) is a book built issue amounting to ₹186.16 crores. This offering consists of a fresh issue of 60.78 lakh shares aggregating to ₹172.01 crores and an offer for sale of 5 lakh shares aggregating to ₹14.15 crores.

The bidding process for the Sahasra Electronics Solutions IPO commenced on 26th September 2024 and concluded on 30th September 2024. The allotment results for this IPO are anticipated to be finalised on 1st October 2024. Furthermore, the shares of Sahasra Electronics Solutions are set to be listed on the NSE SME, with a provisional listing date scheduled for 4th October 2024.

The Sahasra Electronics Solutions IPO price band has been established between ₹269 and ₹283 per share. Investors must apply for a minimum lot size of 400 shares, which requires a minimum investment of ₹113,200 for retail investors. For non-institutional investors (NII), the minimum investment consists of 2 lots (800 shares), totalling ₹226,400.

Hem Securities Limited serves as the book running lead manager for the Sahasra Electronics Solutions IPO. Bigshare Services Pvt Ltd is designated as the registrar for this offering.
 

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