Bookbuilding IPO | ₹186 Cr | Listed at NSE SME | Thu, Sep 26, 2024 - Mon, Sep 30, 2024
Sahasra Electronic Solutions IPO is a book build issue of ₹186.16 crores. The issue is a combination of fresh issue of 0.61 crore shares aggregating to ₹172.01 crores and offer for sale of 0.05 crore shares aggregating to ₹14.15 crores.
Sahasra Electronic Solutions IPO bidding started from Sep 26, 2024 and ended on Sep 30, 2024. The allotment for Sahasra Electronic Solutions IPO was finalized on Oct 1, 2024. The shares got listed on NSE SME on Oct 4, 2024.
Sahasra Electronic Solutions IPO price band is set at ₹283 per share. The lot size for an application is 400. The minimum amount of investment required by an retail is ₹1,13,200 (400 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (800 shares), amounting to ₹2,26,400.
Hem Securities Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Hem Finlease Pvt.Ltd..
Refer to Sahasra Electronic Solutions IPO RHP for detailed Information.
IPO Open
Thu, Sep 26, 2024
IPO Close
Mon, Sep 30, 2024
Issue Price
₹283 per share
Market Cap (Pre-IPO)
₹707.30 Cr
| IPO Date | 26 to 30 Sep, 2024 |
| Listed on | Fri, Oct 4, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹269 to ₹283 |
| Issue Price | ₹283 per share |
| Lot Size | 400 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 65,78,000 shares (agg. up to ₹186 Cr) |
| Reserved for Market Maker | 3,29,600 shares Hem Finlease Pvt.Ltd. (agg. up to ₹9 Cr) |
| Fresh Issue (Ex Market Maker) | 57,48,400 shares (agg. up to ₹163 Cr) |
| Offer for Sale | 5,00,000 shares of ₹10 (agg. up to ₹14 Cr) |
| Net Offered to Public | 62,48,400 shares (agg. up to ₹177 Cr) |
| Share Holding Pre Issue | 1,89,14,763 shares |
| Share Holding Post Issue | 2,49,92,763 shares |
| NSE Symbol | SAHASRA |
| ISIN | INE0RBQ01018 |
Sahasra Electronic Solutions IPO comprises a total issue size of 65,78,000 shares. The net offer to the public is 62,48,400 shares, after excluding 3,29,600 shares allotted on a firm basis. Of the Net offer 31,23,600 (49.99%) are allocated to QIB, 9,37,600 (15.01%) allocated to NII 21,87,200 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 31,23,600 | 49.99% | 47.49% |
| − Anchor Investor Shares Offered | 18,74,000 | 28.49% | |
| − QIB (Ex. Anchor) Shares Offered | 12,49,600 | 19.00% | |
| NII (HNI) Shares Offered | 9,37,600 | 15.01% | 14.25% |
| Retail Shares Offered | 21,87,200 | 35.00% | 33.25% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,29,600 | 5.01% | |
| Total Shares Offered | 65,78,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 400 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 400 | ₹1,13,200 |
| Retail (Max) | 1 | 400 | ₹1,13,200 |
| HNI (Min) | 2 | 800 | ₹2,26,400 |
Sahasra Electronic Solutions IPO raises ₹53.03 crore from anchor investors. Sahasra Electronic Solutions IPO Anchor bid date is September 25, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Wed, Sep 25, 2024 |
| Shares Offered | 18,74,000 |
| Anchor Portion (₹ Cr.) | 53.03 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Oct 31, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, Dec 30, 2024 |
Incorporated in February 2023, Sahasra Electronic Solutions Limited is an Electronic System Design and Manufacturing company that provides electronic system design and manufacturing ("ESDM") services at its Noida plant.
The company provides products and solutions such as printed circuit board ("PCB") assembly, Box Build, and LED lighting. Memory, IT accessories, computer and IT hardware.
During FY 2024, the company exported over 80% of its products and solutions to global manufacturers in countries such as the United States of America, Rwanda, Tunisia, the United Kingdom, Germany, Canada, Austria, and Belgium.
The company has a manufacturing capacity of 1.8 million units through its EN 9100:2018 certified plant in Noida.
The product portfolio of the company includes:
1. Printed circuit board assemblies (PCBAs): The company's PCBAs are utilized in products manufactured in the automotive, medical, industrial, IT, and consumer products industries. This includes box-build products such as laptops and tablets.
2. LED lighting solutions include the LED chip, power supply, printed circuit board, and housing.
3.Computer and IT accessoriesinclude motherboards, DRAM modules, solid-state drives (SSD), USB drives, and other memory products and accessories.
The company is certified under 9100:2018 (equivalent to AS 9100D and JISQ 9100:2016, including ISO 9001:2015) for Quality Management Systems for manufacturing PCB assemblies.
Competitive Strengths
As of March 2024, the company had 160 permanent employees
| Period Ended | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|
| Assets | 108.04 | 48.20 |
| Total Income | 102.79 | 10.64 |
| Profit After Tax | 32.63 | 2.31 |
| NET Worth | 60.32 | 20.28 |
| Reserves and Surplus | 41.40 | 2.31 |
| Total Borrowing | 21.72 | 6.90 |
| Amount in ₹ Crore | ||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Capital Expenditure towards installation of additional plant and machinery at new manufacturing facility situated at Bhiwadi, Rajasthan; | 65.97 |
| 2 | Investment in our Subsidiary, Sahasra Semiconductors Private Limited for financing its capital expenditure requirements in relation towards installation of additional plant and machinery | 22.93 |
| 3 | To Meet Working Capital Requirements; | 40.00 |
| 4 | General Corporate Purposes | 29.39 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 54.09% |
| ROCE | 42.50% |
| Debt/Equity | 0.36 |
| RoNW | 54.09% |
| PAT Margin | 32.26% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 17.25 | 13.05 |
| P/E (x) | 16.41 | 21.68 |
| Promoter Holding | 95% | 69.9% |
| Market Cap | ₹707.30 Cr. |
The Sahasra Electronics Solutions IPO is subscribed 122.06 times on September 30, 2024 6:20:00 PM (Day 3). The public issue subscribed 74.85 times in the retail category, 100.8 times in the QIB category, and 260.46 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 100.8 | 12,49,600 | 12,59,65,600 |
| NII* | 260.46 | 9,38,200 | 24,43,59,000 |
| Retail | 74.85 | 21,87,200 | 16,37,02,000 |
| Total | 122.06 | 43,75,000 | 53,40,26,600 |
Total Application : 4,09,255
*Market Maker portion is not included to NII/HNI.
Note:
The financial details mentioned above for March 31 2024 & March 31, 2023 (February 22, 2023 to March 31, 2023) are of the Company.
The following Restated Financial Statements for the financial period/ years ended February 21, 2023, & March 31, 2022, are of the erstwhile proprietorship:
| Period Ended | April 1, 2022 to February 21, 2023 | March 31, 2022 |
| Assets | 5,173.52 | 2,185.39 |
| Revenue | 6,002.92 | 2,212.80 |
| PAT | 1794.56 | 250.17 |
| Net Worth | 2435.06 | 1521.57 |
| Total Borrowings | 798.60 | 30.96 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manger Fees including Underwriting Fees | 2.21 |
| 2 | Fees Payable to Registrar to the Offer | 0.02 |
| 3 | Fees Payable for Advertising and Publishing Expenses | 0.02 |
| 4 | Fees Payable to Regulators including Stock Exchange | 0.17 |
| 5 | Payment for Printing & Stationery, Postage, etc. | 0.72 |
| 6 | Fees Payable to Auditor, Legal Advisors and other Professionals | 0.06 |
| 7 | Others (Fees payable for Marketing & distribution expenses, Selling Commission, Syndicate Members Commission, Brokerage, Processing Fees*, Underwriting fees, Monitoring Agency fees, sponsor bank and Miscellaneous Expenses) | 11.66 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹283.00 |
| Open | ₹537.70 |
| Low | ₹537.70 |
| High | ₹564.55 |
| Last Trade | ₹564.55 |
Lead Manager Reports
Sahasra Electronic Solutions IPO is a SME IPO of 65,78,000 equity shares of the face value of ₹10 aggregating up to ₹186 Crores. The issue is priced at ₹283 per share. The minimum order quantity is 400.
The IPO opens on Thu, Sep 26, 2024, and closes on Mon, Sep 30, 2024.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Sahasra Electronic Solutions IPO using UPI as a payment gateway. Zerodha customers can apply in Sahasra Electronic Solutions IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sahasra Electronic Solutions IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sahasra Electronic Solutions IPO opens on Thu, Sep 26, 2024 and closes on Mon, Sep 30, 2024.
Sahasra Electronic Solutions IPO lot size is 400, and the minimum amount required for application is ₹1,13,200.
You can apply in Sahasra Electronic Solutions IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Sahasra Electronic Solutions IPO will be done on Tuesday, October 1, 2024, and the allotted shares will be credited to your demat account by Thu, Oct 3, 2024. Check the Sahasra Electronic Solutions IPO allotment status.
The Sahasra Electronic Solutions IPO listing date is on Fri, Oct 4, 2024.
