Sahasra Electronics Solutions IPO Subscription Status

Sahasra Electronics Solutions' initial public offering (IPO) has garnered significant investor interest, with subscription rates increasing steadily over the three-day period. Starting strong on day one, the IPO witnessed a surge in demand, resulting in a 24.60 times oversubscription by 11:56:01 AM on day three. This response underscores the strong market appetite for Sahasra Electronics Solutions' shares and sets the stage for a potentially dynamic listing.

The IPO, which opened on 26th September 2024, has seen significant growth in investor participation across all categories. Sahasra Electronics Solutions attracted bids for 10,76,05,000 equity shares amounting to ₹3,045.22 crore.

The Non-Institutional Investors (NII) segment, in particular, has shown overwhelming demand, followed by strong interest from Retail Investors and Qualified Institutional Buyers (QIB).

Subscription Status of Sahasra Electronics Solutions IPO for Days 1, 2, and 3:

Note: Market Maker portion is not included in NII/HNI.

Here are the subscription details for Sahasra Electronics Solutions IPO as of Day 3 (30th September 2024, 11:56:01 AM):

Total Applications: 148,125

Note: The total amount is calculated based on the upper price of the issue price range.

Key Highlights:

• The IPO of Sahasra Electronics Solutions is currently subscribed 24.60 times, with exceptional demand from Non-Institutional Investors.
• Non-Institutional Investors (NII) have shown overwhelming interest, with a subscription ratio of 37.49 times.
• Retail investors have demonstrated strong enthusiasm, with a subscription ratio of 27.09 times.
• Qualified Institutional Buyers (QIB) have shown significant interest, with a subscription ratio of 10.55 times.
• The overall subscription trend increases day-on-day, indicating high investor confidence and positive sentiment towards the issue.

Sahasra Electronics Solutions IPO - Day 2 Subscription at 13.94 Times

Key Highlights:

• On Day 2, Sahasra Electronics Solutions' IPO was subscribed 13.94 times, with strong demand from Retail Investors.
• Retail investors showed significantly increased interest with a subscription ratio of 17.42 times.
• Non-Institutional Investors (NII) showed increased interest with a subscription ratio of 12.95 times.
• Qualified Institutional Buyers (QIB) showed growing interest with a subscription ratio of 8.60 times.
• The overall subscription trend indicated building momentum, with all investor categories showing increased participation.

Sahasra Electronics Solutions IPO - Day 1 Subscription at 5.07 Times

Key Highlights:

• The IPO of Sahasra Electronics Solutions was subscribed 5.07 times on Day 1, with strong initial demand across all investor categories.
• Qualified Institutional Buyers (QIB) showed significant initial interest with a subscription ratio of 6.38 times.
• Retail investors showed strong early interest with a subscription ratio of 5.34 times.
• Non-Institutional Investors (NII) showed moderate initial interest with a subscription ratio of 2.70 times.
• The first-day response laid a strong foundation for the remaining days of the IPO, with expectations of increased participation in the following days.

About Sahasra Electronics Solutions Limited:

Sahasra Electronic Solutions Limited, incorporated in February 2023, is an Electronic System Design and Manufacturing (ESDM) company operating from its Noida plant. The company specializes in providing PCB assembly, Box Build, and LED lighting solutions, along with memory and IT accessories. With a manufacturing capacity of 1.8 million units at its EN 9100:2018 certified plant, Sahasra exported over 80% of its products to global manufacturers across the USA, Europe, and Africa in FY 2024. The company's product portfolio includes PCBAs for automotive, medical, and industrial sectors, LED lighting solutions, and various computer and IT accessories. Sahasra's financial performance has shown remarkable growth, with revenue increasing by 866% to ₹102.79 crore and PAT rising by 1315% to ₹32.63 crore in FY 2024 compared to FY 2023. With 160 permanent employees as of March 2024, the company emphasizes diverse solutions, established customer relationships, and strategic manufacturing location in a special economic zone, positioning it strongly in the competitive ESDM sector.

Read more about Sahasra Electronics Solutions IPO

Highlights of the Sahasra Electronics Solutions IPO:

• IPO Date: 26th September 2024 to 30th September 2024
• Listing Date: 4th October 2024 (Tentative)
• Face Value: ₹10 per share
• Price Band: ₹269 to ₹283 per share
• Lot Size: 400 Shares
• Total Issue Size: 6,578,000 shares (aggregating up to ₹186.16 Cr)
• Fresh Issue: 6,078,000 shares (aggregating up to ₹172.01 Cr)
• Offer for Sale: 500,000 shares (aggregating up to ₹14.15 Cr)
• Issue Type: Book Built Issue IPO
• Listing At: NSE SME
• Book Running Lead Manager: Hem Securities Limited
• Registrar: Bigshare Services Pvt Ltd
• Market Maker: Hem Finlease