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Sahasra Electronic Solutions IPO

  • Status: Closed
  • RHP:
  • ₹ 107,600 / 400 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    04 Oct 2024

  • Listing Price

    ₹ 537.70

  • Listing Change

    90.00%

  • Last Traded Price

    ₹ 580.00

IPO Details

  • Open Date

    26 Sep 2024

  • Close Date

    30 Sep 2024

  • IPO Price Range

    ₹ 269 - ₹ 283

  • IPO Size

    ₹ 186.16 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    04 Oct 2024

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

Sahasra Electronic Solutions IPO Subscription Status

Last Updated: 01 October 2024 9:38 AM by 5Paisa

Sahasra Electronics Solutions IPO is set to open on 26 September 2024 and will close on 30 September 2024. Sahasra Electronic Solutions is a company that designs and manufactures electronic systems. It offers these services at its plant in Noida.

The IPO includes a fresh issue of 60.78 lakh shares aggregating ₹172.01 Cr and includes OFS of 5 lakh shares aggregating ₹14.15 Cr. The price range is set between ₹269 - ₹283 per share and the lot size is 400 shares. 

The allotment is scheduled to be finalized on 1 October 2024. It will go public on NSE SME, with a tentative listing date of 4 October 2024.

Hem Securities Limited is the book running lead manager, while Bigshare Services Pvt Ltd is the registrar.
 

 Sahasra Electronic IPO Size

Types Size 
Total IPO Size ₹186.16 Cr
Offer For Sale ₹14.15 Cr
Fresh Issue ₹172.01 Cr

 

Sahasra Electronic IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 400 ₹113,200
Retail (Max) 1 400 ₹113,200
HNI (Min) 2 800 ₹226,400

 

Sahasra Electronic IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)
QIB 100.80 12,49,600 12,59,65,600 3,564.83
NII (HNI) 260.46 9,38,200 24,43,59,000 6,915.36
Retail 74.85 21,87,200 16,37,02,000 4,632.77
Total 122.06 43,75,000 53,40,26,600 15,112.95

 

Sahasra Electronic IPO Anchor Allocation

Anchor Bid Date 25 September, 2024
Shares Offered 1,874,000
Anchor portion Size (In ₹ Cr.) 53.03
Anchor lock-in period end date for 50% shares (30 Days) 31 October, 2024
Anchor lock-in period end date for remaining shares (90 Days) 30 December, 2024

1.  For working capital requirements
2. Investment in the Subsidiary
3. General corporate purposes  
4. Funding capital expenditure for installing new plant and machinery at a manufacturing facility in Bhiwadi, Rajasthan.
 

Incorporated in February 2023, Sahasra Electronic Solutions specializes in electronic system design and manufacturing (ESDM) at its Noida facility. The company offers products like printed circuit board (PCB) assembly, box builds, LED lighting and IT accessories.

In FY 2024, over 80% of its products were exported to countries including the USA, UK, Canada and Germany. The Noida plant has a manufacturing capacity of 1.8 million units and is certified under EN 9100:2018 for quality management. As of March 2024, the company employed 160 permanent staff members.

Sahasra’s product range includes:

1. PCB Assemblies: Used in various industries like automotive, medical and consumer electronics including laptops and tablets.

2. LED Lighting Solutions: Comprising LED chips, power supplies and printed circuit board.

3. Computer and IT Accessories: Including motherboards, DRAM modules, SSDs, USB drives and more.


Peers

Kaynes Technology India Limited
Trident Techlabs Limited
 

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY24 FY23 FY22
Revenue 102.79 10.64 -
EBITDA 32.63 20.25 2.50
PAT 35.27 21.23 3.77
Particulars (in Rs. Crores) FY24 FY23 FY22
Total Assets 108.04 48.20 -
Share Capital 18.91 17.97 -
Total Borrowings 21.72 6.80 -
Particulars (in Rs. Crores) FY24 FY23 FY22
Net Cash Generated From / (used in) operating activities 0.95  1.83  -
Net Cash Generated From / (used in) investing activities -8.39  0.73  -
Net Cash Generated From / (used in) financing activities 21.38  -1.17 -
Net Increase (Decrease) In Cash And Cash Equivalents 13.93 1.38 -

Strengths

1. Sahasra provides a broad range of ESDM solutions, including PCB assembly, box build and IT hardware.

2. The company operates advanced manufacturing facilities equipped with modern, high speed machinery to ensure high quality and efficient production.

3. Sahasra's experienced leadership and management team play a key role in driving the company’s success.
 

Risks

1.  A large part of the company's business relies on a few key customers, making it vulnerable to changes in their purchasing patterns.

2. Since Sahasra exports a portion of its products, fluctuations in foreign exchange rates could negatively impact profitability.

3. The company operates in a highly competitive industry with both international and domestic players which could affect its market share and profitability.
 

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FAQs

Sahasra Electronics Solutions IPO opens from 26 September to 30 September 2024.

The size of the Sahasra Electronics Solutions IPO is ₹186.16Cr.

The price of the Sahasra Electronics Solutions IPO is fixed between ₹269 -₹283 per share. 
 

To apply for Sahasra Electronics Solutions IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for Sahasra Electronics Solutions IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.
 

The minimum lot size of Sahasra Electronics Solutions IPO is 400 shares and the investment required is ₹1,07,600.
 

The share allotment date of Sahasra Electronics Solutions IPO is 1 October 2024.

The Sahasra Electronics Solutions IPO will be listed on 4 October 2024.
 

Hem Securities Limited is the book running lead manager for Sahasra Electronics Solutions IPO.
 

Sahasra Electronics Solutions plans to utilize the raised capital from the IPO for:

1. For working capital requirements
2. Investment in the Subsidiary
3. General corporate purposes  
4. Funding capital expenditure for installing new plant and machinery at a manufacturing facility in Bhiwadi, Rajasthan.