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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 ₹283.00 per share . The lot size for an application is 400. The minimum amount of investment required by an retail is ₹1,07,600 (400 shares). The minimum lot size investment for 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 Date | September 26, 2024 to September 30, 2024 |
| Listing Date | October 4, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹269 to ₹283 per share |
| Issue Price Final | ₹283 per share |
| Lot Size | 400 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 65,78,000 shares (aggregating up to ₹186.16 Cr) |
| Reserved for Market Maker | 3,29,600 shares Hem Finlease Pvt.Ltd. (aggregating up to ₹9.33 Cr) |
| Fresh Issue (Ex Market Maker) | 57,48,400 shares (aggregating up to ₹162.68 Cr) |
| Offer for Sale | 5,00,000 shares of ₹10 (aggregating up to ₹14.15 Cr) |
| Net Offered to Public | 62,48,400 shares (aggregating up to ₹176.83 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,89,14,763 shares |
| Share Holding Post Issue | 2,49,92,763 shares |
Sahasra Electronics Solutions IPO offers total 65,78,000 shares. Out of which 31,23,600 (47.49%) allocated to QIB, 12,49,600 (19.00%) allocated to QIB, 9,37,600 (14.25%) allocated to NII, 21,87,200 (33.25%) allocated to RII and 18,74,000 (28.49%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,29,600 (5.01%) |
| QIB Shares Offered | 31,23,600 (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 (14.25%) |
| Retail Shares Offered | 21,87,200 (33.25%) |
| Total Shares Offered | 65,78,000 (100.00%) |
Sahasra Electronic Solutions IPO raises ₹53.03 crore from anchor investors. Sahasra Electronic Solutions IPO Anchor bid date is September 25, 2024. Sahasra Electronic Solutions IPO Anchor Investors list
| Bid Date | September 25, 2024 |
| Shares Offered | 18,74,000 |
| Anchor Portion Size (In Cr.) | 53.03 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 31, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 30, 2024 |
Sahasra Electronic Solutions IPO opens on September 26, 2024, and closes on September 30, 2024.
| IPO Open Date | Thu, Sep 26, 2024 |
| IPO Close Date | Mon, Sep 30, 2024 |
| Tentative Allotment | Tue, Oct 1, 2024 |
| Initiation of Refunds | Thu, Oct 3, 2024 |
| Credit of Shares to Demat | Thu, Oct 3, 2024 |
| Tentative Listing Date | Fri, Oct 4, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Sep 30, 2024 |
Investors can bid for a minimum of 400 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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
Sahasra Electronics Solutions Limited's revenue increased by 866% and profit after tax (PAT) rose by 1315% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 10,804.36 | 4,820.23 |
| Total Income | 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 | ||
The market capitalization of Sahasra Electronic Solutions IPO is ₹707.30 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 54.09% |
| ROCE | 42.50% |
| Debt/Equity | 0.36 |
| RoNW | 54.09% |
| PAT Margin | 32.26% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 17.25 | 13.05 |
| P/E (x) | 16.41 | 21.68 |
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:
[Dilip Davda] The company is engaged in the business of providing solutions for electronics system design and manufacturing services. Its proprietorship status changed to a limited company last year. FY24 financial performance marked boosted top and bottom lines that has raised eyebrows and concern over the sustainability of profit margins. Based on super earnings of FY24, the issue appears fully priced. Well-informed investors may park moderate funds for medium term. Read detail review...
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 |
| Listing Date | October 4, 2024 |
| BSE Script Code | |
| NSE Symbol | SAHASRA |
| ISIN | INE0RBQ01018 |
| Final Issue Price | ₹283 per share |
| NSE Listing Group | ST (Trade to Trade) |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹283.00 |
| Open | ₹537.70 |
| Low | ₹537.70 |
| High | ₹564.55 |
| Last Trade | ₹564.55 |
Sahasra Electronic Solutions Ltd.
33, Pocket 1
Jasola Vihar
New Friends Colony
New Delhi, New Delhi, 110025
Phone: +91-120-4202604
Email: cs@sahasraelectronics.com
Website: https://www.seslimited.in/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Sahasra Electronic Solutions IPO is a SME IPO of 65,78,000 equity shares of the face value of ₹10 aggregating up to ₹186.16 Crores. The issue is priced at ₹283 per share. The minimum order quantity is 400.
The IPO opens on September 26, 2024, and closes on September 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 September 26, 2024 and closes on September 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 Thursday, October 3, 2024. Check the Sahasra Electronic Solutions IPO allotment status.
The Sahasra Electronic Solutions IPO listing date is on Friday, October 4, 2024.
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