IPO

Sahasra Electronics Solutions Limited IPO

NSE SME

Listed On: Oct 4, 2024 at ₹ 537.7

₹ 226400 /800 Shares
*Min Investment

Check Allotment

26 Sep, 2024

Open Date

30 Sep, 2024

Close Date

01 Oct, 2024

Allotment Date

04 Oct, 2024

Listing Date

Exp. Premium is derived from market rumors and internet sources. It does not reflect the actual IPO listing price or value. Please review the RHP and consult a financial advisor before investing.

Sahasra Electronics Solutions IPO Issue Details
  • Issue Price ₹269-283 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 65,78,000 shares(aggregating up to ₹186.16 crore)
  • Fresh Share 60,78,000 shares(aggregating up to ₹172.01 crore)
  • Offer For Sale 5,00,000 shares(aggregating up to ₹14.15 crore)
  • Listing at NSE SME
  • List Price 537.7
  • Listing Date 2024-10-04
  • Lead Manager Hem Securities Limited
  • Registrar Bigshare Services Pvt Ltd
Market Lot Size

Investors can bid for a minimum of 400 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors 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
NII (min) 2 800 ₹2,26,400
Sahasra Electronics Solutions IPO Reservation

Sahasra Electronics Solutions IPO offers total 65,78,000 shares. Out of which 12,49,600 (19%) allocated to QIB, 9,38,200 (14.26%) allocated to NII,21,87,200 (33.25%) allocated to RII, NA (NA%) allocated to employees and 18,74,000 (28.49%) allocated to Anchor investors.

Investor Category Shares Offered Maximum Allottees
Anchor Investor Shares Offered 18,74,000 (28.49%)
Market Maker Shares Offered 3,29,000 (5%)
QIB Shares Offered 12,49,600 (19%)
NII (HNI) Shares Offered 9,38,200 (14.26%)
Retail Shares Offered 21,87,200 (33.25%)
Total Shares Offered 65,78,000 (100%)
Sahasra Electronics Solutions IPO Documents
DRHP
Sahasra Electronics Solutions IPO Details


Sahasra Electronics Solutions Limited IPO is an SME IPO, priced at ₹269-283 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 65,78,000 equity shares, aggregating up to ₹186.16 crores..

The IPO bidding window is open from Sep 26, 2024 to Sep 30, 2024. The allotment is expected to be finalized on Oct 1, 2024, and the tentative listing date is Oct 4, 2024.

The minimum lot size for Retail investors is 400 shares, with a minimum investment of ₹1,13,200. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,26,400.

Hem Securities Limited is acting as the lead manager to the issue. The registrar of the IPO is Bigshare Services Pvt Ltd, and Hem Finlease Private Limited will act as the market maker for this issue.

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Sahasra Electronics Solutions IPO Subscription Analysis And Details
Retail
74.86x
Total
122.13x
As on QIB / NII Retail Total
Shares Offered / Reserved 1,249,600 / 938,200 2,187,200 4,375,000
Day 1 26-09-24 06:00 PM
6.38 / 2.70 x 5.34 x 5.07 x
Day 2 27-09-24 06:00 PM
8.60 / 12.95 x 17.42 x 13.94 x
Day 3 30-09-24 06:00 PM
100.80 / 260.81 x 74.86 x 122.13 x
Total No of Applications
409,255
Sahasra Electronics Solutions Valuations
EPS Pre IPO ₹17.25/-
EPS Post IPO ₹12.8/-
P/E Pre IPO 16.41
P/E Post IPO 22.11
ROE 54.09%
ROCE 42.50%
Debt/Equity 0.36
RoNW 54.09%
PAT Margin 32.26
Sahasra Electronics Solutions Company Financials
In Lakhs
In Lakh
31-Mar-24 31-Mar-23 31-Mar-22
Assets 10,804.36 4,820.23 N/A
Revenue 10,278.79 1,063.91 N/A
Profit After Tax 3,262.77 230.55 N/A
Net Worth 6,031.69 2,027.5 N/A
Reserves & Surplus 4,140.21 230.55 N/A
Total Borrowing 2,171.89 689.84 N/A
About Sahasra Electronics Solutions Company

Sahasra Electronic Solutions Limited, incorporated in February 2023, is an ESDM company located in Noida. This company specializes in PCBAs and box build solutions, LED lighting solutions, and computer & IT accessories for the automotive, medical, IT, and consumer products industries, among others.

Sahasra operates out of its EN 9100:2018-certified facility with 1.8 million units of manufacturing capacity per annum and is following the global quality level. In FY 2024, it exported more than 80% of the products to countries such as the USA, UK, Germany, and Canada, highlighting a good international presence.

Sahasra delivers high quality, efficiency, and reliability, empowering global businesses with the skillful workforce of 160 employees. With its innovative approach, the company strives to give cutting-edge solutions.

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Sahasra Electronics Solutions - Promoter(s)

Amrit Lal Manwani

Arunima Manwani

Varun Manwani

Pre Issue Share Holding : 95.00%

Post Issue Share Holding : 69.90%

Sahasra Electronics Solutions IPO - Issue Objectives
1

Funding Capital Expenditure towards the installation of additional plant and machinery at a new manufacturing facility situated at Bhiwadi, Rajasthan

2

Investment in the Subsidiary, Sahasra Semiconductors Private Limited, for financing its capital expenditure requirements for the installation of additional plant and machinery

3

To Meet Working Capital Requirements

4

General Corporate Purposes.

Sahasra Electronics Solutions IPO - Peers Comparison
Company Name EPS (Basic) EPS (Diluted) NAV (per share) (Rs) P/E (x) RoNW (%) P/BV Ratio Financial statements
Sahasra Electronics Solutions Limited 18.05 18.05 N/A 16.41 54.09 N/A Restated Financial Statements for FY 2023-24
Kaynes Technology India Limited 30.63 30.63 N/A 181.56 7.37 N/A Restated Financial Statements for FY 2023-24
Trident Techlabs Limited 5.52 5.52 N/A 153.99 20.12 N/A Restated Financial Statements for FY 2023-24

Notes:

  1. The Earnings Per Share (EPS), Net Asset Value (NAV), Return on Net Worth (RoNW), and revenue from operations of the company are taken from the Restated Financial Statement for the Financial Year 2023-24, adjusted with the effect of Bonus Issue.
  2. RoNW is calculated as the net profit after tax divided by the closing net worth. Net worth is computed in accordance with Regulation 2(1)(hh) of SEBI (ICDR) Regulations, 2018.
Contact Details

Sahasra Electronics Solutions

33, Pocket 1, asola Vihar New Friends Colony, South Delhi-110025

+91-120-4202604

cs@sahasraelectronics.com

https://www.seslimited.in/

Registrar Contact Details

Bigshare Services Pvt Ltd

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/ipo_status.html