IPO

Sahasra Electronic Solutions Ltd. IPO

Sahasra Electronic Solutions Ltd., established in 2023, operates in the Electronics - Equipment/Components sector. The company's IPO opened on September 26, 2024 and closed on September 30, 2024, with ... Read more

Min Investment
₹ 1,13,200 / 400 shares
Price Range
₹269 - ₹ 283
Bidding Dates
26 Sep '24 - 30 Sep '24
Total Issue Value
186.16 Cr
Lot Size
400
Total Issue Size
186.16 Cr
Listing At
NSE SME
Subscription
114.41 times
NSE Price
527.60 (86.43%)

IPO Timeline

  • 26 Sep 2024
    Bidding Starts
  • 30 Sep 2024
    Bidding Ends
  • 1 Oct 2024
    Allotment Finalization
  • 4 Oct 2024
    Listing

About Sahasra Electronic Solutions Ltd.

Our Company is an EN 9100:2018 certified company, which is engaged in the business of providing solutions towards electronics system design and manufacturing (“ESDM”) services at its manufacturing plant located at 68AA, NSEZ, Noida, Uttar Pradesh, which is equipped with four high ... Read more

Parent organisation
Founded
Sahasra Electronic Solutions Ltd.
2023

Sahasra Electronic Solutions Ltd. IPO Reservation

Investors Category Shares Offered
Anchor Investors 18,74,160 (28.49%)
Market Makers 3,29,600 (5.01%)
Non Institutional Investors 9,37,600 (14.25%)
Qualified Institutional Buyers (QIBs) 12,49,440 (18.99%)
Retail Individual Investors (RIIs) 21,87,200 (33.25%)

Sahasra Electronic Solutions Ltd. Financial Information

Year End Revenue PAT Reserves & Surplus
31 Mar 2024 102.79 Cr 32.63 Cr 41.40 Cr
31 Mar 2023 10.64 Cr 2.31 Cr 2.31 Cr

Sahasra Electronic Solutions Ltd. Background

Major Events And Milestones
  • 2021
    Received approval for manufacturing of PCB Assembly in Proprietorship firm of Amrit Lal Manwani in the name of M/s. Sahasra Electronic Solutions
  • 2022
    Obtained ISO 9001:2015 certification for Manufacture of PCB Assemblies.
  • 2023
    Takeover of Proprietorship Firm of Amrit Lal Manwani into Company
    Got 2nd Prize in Export (SME) from ELCINA Awards 2022-23
    Obtained EN 9100:2018 equivalent to AS 9100D and JISQ 9100:2016, including ISO 9001:2015 certification for Manufacture of PCB Assemblies.
  • 2024
    Acquired 54.18% stake in Sahasra Semiconductors Private Limited through acquiring the equity shares pursuant to which it became our Subsidiary Company
    Achieved Revenue of ₹100 Cr.
Sahasra Electronic Solutions Ltd. Object of Issues

1. Funding Capital Expenditure towards installation of additional plant and machinery at new manufacturing facility situated at Bhiwadi, Rajasthan
2. Investment in our Subsidiary, Sahasra Semiconductors Private Limited for financing its capital expenditure requirements in relation towards installation of additional plant and machinery
3. Funding of Working Capital requirements
4. General Corporate Purposes

Sahasra Electronic Solutions Ltd. IPO Listing Details
Listing Date
4 Oct 2024
NSE Symbol
SAHASRA
ISIN
INE0RBQ01018
Final Issue Price
₹ 283
Sahasra Electronic Solutions Ltd. Listing Day Trading Information
Pricing Details BSE NSE
Issue Price - ₹ 283.00
Open - ₹ 537.70
Low - ₹ 537.70
High - ₹ 564.55
Last Trade - ₹ 564.55
Sahasra Electronic Solutions Ltd. Company Promoters

1. Amrit Lal Manwani
2. Arunima Manwani
3. Varun Manwani

Industry Overview

On an overall basis, electronics manufacturing had grown from US$37.1 billion in 2015-16 to US$ 67.3 billion in 2020-21. However, COVID-19 related disruptions impacted the growth trajectory in 2020-21 and led to a decline in the manufacturing output to US$67.3 billion. The National Policy on ... Read more

Sahasra Electronic Solutions Ltd. Contact Details
Address: 33, Pocket 1, Jasola Vihar, New Friends Colony, South Delhi, New Delhi Delhi - 110025
Phone no:
Sahasra Electronic Solutions Ltd. IPO Registrar
Bigshare Services Pvt. Ltd.
S6-2, 6th Floor, Pinnacle Business Park, Mahakali Caves Road, Next to Ahura Centre, Andheri East, Mumbai Maharashtra - 400093
62638200
Sahasra Electronic Solutions Ltd. IPO Lead Manager(s)
Hem Securities Ltd
No.904, Naman Midtown-Wing A, 9th Floor, Senapati Bapat Marg, Elphinstone Road, Lower Parel, Mumbai Maharashtra - 400013
49060000

FAQs

When does Sahasra Electronic Solutions Ltd. IPO opens and closes?

Sahasra Electronic Solutions Ltd. IPO opens from 26th September to 30th September 2024.

What is the size of Sahasra Electronic Solutions Ltd. IPO?

The size of the Sahasra Electronic Solutions Ltd. IPO is ₹186.16 Cr.

What is the price range of Sahasra Electronic Solutions Ltd. IPO?

The price range of Sahasra Electronic Solutions Ltd. IPO is at ₹269 to ₹283 per share.

What is the minimum investment and lot size required for the Sahasra Electronic Solutions Ltd. IPO?

The minimum investment required is ₹1,13,200 and minimum lot size is 400 shares.

When is Sahasra Electronic Solutions Ltd. IPO listing date?

The Sahasra Electronic Solutions Ltd. IPO will be listed on 4th October 2024.

What is the objective of Sahasra Electronic Solutions Ltd. IPO?

1. Funding Capital Expenditure towards installation of additional plant and machinery at new manufacturing facility situated at Bhiwadi, Rajasthan
2. Investment in our Subsidiary, Sahasra Semiconductors Private Limited for financing its capital expenditure requirements in relation towards installation of additional plant and machinery
3. Funding of Working Capital requirements
4. General Corporate Purposes

Latest Updates

Sahasra Electronic Solutions Announces The launch of IPO; Targets 186 Crores

Sahasra Electronics Solutions is set to launch its Initial Public Offering (IPO) on September 26, 2024. The IPO, worth Rs 186.16 crores, consists of both a fresh issue of 60.78 lakh shares and an OFS of 5 lakh shares by existing shareholders. The IPO reserves at least 35% for retail investors, 15% for non-institutional investors (including high net-worth individuals), and no more than 50% for qualified institutional buyers.

The subscription period for the IPO will be from September 26 to September 30, 2024. The allotment is likely to be concluded on October 1, with the shares tentatively planned to float on the National Stock Exchange's Small and Medium Enterprises (SME) platform on October 4, 2024. The IPO price band has been set at Rs. 269 to Rs. 283 per share. Retail investors can join with a minimum investment of Rs.113,200 for 400 shares, while high-net-worth individuals (HNIs) must invest at least Rs.226,400 for 800 shares. 

Sahasra Electronics Solutions Limited, founded in February 2023, is an Electronic System Design and Manufacturing (ESDM) company based in Noida. The company, led by promoters Amrit Lal Manwani, Arunima Manwani, and Varun Manwani, witnessed remarkable growth in its financial performance. Between March 31, 2023, and March 31, 2024, Sahasra's revenue surged by 866%, and its profit after tax (PAT) increased by a substantial 1315%.

 

24 September 2024

Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article

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