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.
Sahasra Electronics Solutions IPO is a book built issue of Rs. 186.16 crores. The issue is a combination of fresh issue of 60.78 lakh shares aggregating to Rs. 172.01 crores and offer for sale of 5 lakh shares aggregating to Rs. 14.15 crores. Sahasra Electronics Solutions IPO opens for subscription on September 26, 2024 and closes on September 30, 2024. The allotment for the Sahasra Electronics Solutions IPO is expected to be finalized on Tuesday, October 1, 2024. Sahasra Electronics Solutions IPO will list on NSE SME with tentative listing date fixed as Friday, October 4, 2024.
Sahasra Electronics Solutions IPO price band is set at ₹269 to ₹283 per share. The minimum lot size for an application is 400 Shares. The minimum amount of investment required by retail investors is ₹113,200. The minimum lot size investment for HNI is 2 lots (800 shares) amounting to ₹226,400.
Sahasra Electronics Solutions IPO Timeline
Sahasra Electronics Solutions IPO opens on September 26, 2024, and closes on September 30, 2024.
| IPO Open Date | Thursday, September 26, 2024 |
| IPO Close Date | Monday, September 30, 2024 |
| Basis of Allotment | Tuesday, October 1, 2024 |
| Initiation of Refunds | Thursday, October 3, 2024 |
| Credit of Shares to Demat | Thursday, October 3, 2024 |
| Listing Date | Friday, October 4, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 30, 2024 |
Sahasra Electronics Solutions IPO Details
| IPO Date | September 26, 2024 to September 30, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹269 to ₹283 per share |
| Lot Size | 400 Shares |
| Total Issue Size | 6,578,000 shares |
| Fresh Issue | 6,078,000 shares |
| Offer for Sale | 500,000 shares of ₹10 |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 18,914,763 |
| Share holding post issue | 24,992,763 |
| Market Maker portion | 329,000 shares |
Sahasra Electronics Solutions IPO Lot Size
Investors can bid for a minimum of 400 shares and in multiples thereof. The below 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 | ₹113,200 |
| Retail (Max) | 1 | 400 | ₹113,200 |
| HNI (Min) | 2 | 800 | ₹226,400 |
Sahasra Electronics Solutions Limited Financial Information
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 |
| Revenue | 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 |
