Sahasra Electronics Solutions Limited IPO Details
SME
Sahasra Electronics Solutions IPO opens for subscription on 26 Sep 2024 and closes on 30 Sep 2024. The IPO will be listed on NSE with the tentative listing date set for 04 Oct 2024.
Sahasra Electronics Solutions IPO price band has been fixed at ₹269 – ₹283 per share.The face value is ₹10 per share with a lot size of 400.
Sahasra Electronics Solutions IPO total issue size comprises 65,78,000 shares (aggregating up to ₹186.16 Cr). This includes a fresh issue of 60,78,000 shares (aggregating up to ₹172.01 Cr). Offer for Sale consists of 5,00,000 shares (aggregating up to ₹14.15 Cr). Pre-issue shareholding stands at 1,89,14,763, which will increase to 2,49,92,763 post-issue.
Sahasra Electronics Solutions IPO carries a ₹172 (60.8%) GMP, reflecting investor sentiment.
Sahasra Electronics Solutions IPO Lot Size : Retain Minimum is 1 lot (400 shares) amounting to ₹113,200. Retain Maximum is 1 lot (400 shares) amounting to ₹113,200. SHNI Minimum is 2 lots (800 shares) amounting to ₹226,400.
The Lead Managers for Sahasra Electronics Solutions IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Hem Securities Limited. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Hem Finlease. You can analyze their track record by checking the Market Maker Performance Summary report.
For detailed information, Refer to the Sahasra Electronics Solutions Limited RHP.
Sahasra Electronics Solutions IPO Details
Sahasra Electronics Solutions IPO Subscription
Sahasra Electronics Solutions IPO Application Wise Breakup
Sahasra Electronics Solutions IPO Dates
- 26 Sep 2024Opening dateOPD
- 30 Sep 2024Closing dateCOD
- 01 Oct 2024Allotment Date BOA
- 03 Oct 2024Initiation of RefundsIOR
- 03 Oct 2024Credit of SharesCOS
- 04 Oct 2024Listing dateLID
Sahasra Electronics Solutions IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retain Minimum | 1 | 400 | ₹113,200 |
| Retain Maximum | 1 | 400 | ₹113,200 |
| SHNI Minimum | 2 | 800 | ₹226,400 |
| SHNI Maximum | 0 | 0 | ₹ |
| BHNI Minimum | 0 | 0 | ₹ |
Sahasra Electronics Solutions IPO Reservation
Promoter Holding
Sahasra Electronics Solutions IPO Valuations
Sahasra Electronics Solutions 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 | ||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||
About Sahasra Electronics Solutions IPO
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
- Diverse solutions including PCB assembly, box build assemblies, and design solutions.
- Established relationships with customers across various countries
- The manufacturing facility is in a special economic zone, giving access to tax benefits for its products manufactured and exported from there.
- The ERP platform meets the quality standards its customers require.
- Diversified Board of Directors, complemented by a robust management team with extensive experience in the electronic manufacturing sector.
As of March 2024, the company had 160 permanent employees
Strength Of Sahasra Electronics Solutions IPO
1. Dedicated solutions for ESDM services.
2. Established relationships with customers across various countries.
3. Established manufacturing capabilities.
4. Quality Assurance.
5. Experienced Promoters, management and operating team.
Risk Of Sahasra Electronics Solutions IPO
1. Our business is dependent on the sale of our products to certain key customers which also includes some of our Group Companies. The loss of any of these customers or loss of revenue from sales to these customers could have a material adverse effect on our business, financial condition, results of operations and cash flows.
2. We are significantly dependent on revenue from sale of PCBA. Any inability to anticipate or adapt to evolving up gradation of the required products or inability to ensure product quality or reduction in the demand of these products may adversely impact our revenue from operations and growth prospects.
3. Our company has been recently incorporated and has taken-over the running business of M/s Sahasra Electronic Solutions, thus we have limited operating history as a Company which may make it difficult for investors to evaluate our historical performance or future prospects.
4. Inventories and trade receivables form a major part of our current assets. Failure to manage our inventory and trade receivables could have an adverse effect on our sales, profitability, cash flow and liquidity.
5. Any delay, interruption or reduction in the supply of raw materials required to manufacture our products may adversely affect our business, results of operations, cash flows and financial condition.
6. Our business is substantially dependent on our engineering teams to accurately carryout the designing, engineering and estimation studies for potential orders. Any deviation during the execution of the order as compared to our estimates could have a material adverse effect on our cashflows, results of operations and financial condition.
7. We are subject to strict design & quality requirements, customer inspections and audits, and any failure to comply with design & quality standards may lead to cancellation of existing and future orders and could negatively impact our reputation and our business and results of operations and future prospects.
8. We derive a majority portion of our revenues from exports and are subject to risk of international trade.
9. Our Company operates under several statutory and regulatory approvals in respect of our operations. Failure to obtain or maintain licenses, registrations, permits and approvals may affect our business and results of operations.
10. Restrictions on foreign trade and/or any increase in shipment cost may adversely impact our business, cash flows and results of operations.
Objectives Sahasra Electronics Solutions IPO
- Funding Capital Expenditure towards the installation of additional plant and machinery at a new manufacturing facility situated at Bhiwadi, Rajasthan;
- Investment in the Subsidiary, Sahasra Semiconductors Private Limited, for financing its capital expenditure requirements for the installation of additional plant and machinery;
- To Meet Working Capital Requirements;
- General Corporate Purposes.
Company Contact Details
Sahasra Electronics Solutions Limited
33, Pocket 1,
Jasola Vihar New Friends Colony
South Delhi-110025,
Phone: +91-120-4202604
Email: cs@sahasraelectronics.com
Website: https://www.seslimited.in/
Registrar Contact Details
Lead Mangers
Lead Manager Reports
Market Maker
Market Maker Reports
Read more about Shringar House of Mangalsutra IPO
- Sahasra Electronics Solutions Limited IPO Detail
- Sahasra Electronics Solutions Limited IPO Subscription Detail
- Sahasra Electronics Solutions Limited IPO GMP Detail
- Checked Live Sahasra Electronics Solutions Limited IPO Allotment Status
- Sahasra Electronics Solutions Limited IPO Basis Of Allotment
- Sahasra Electronics Solutions Limited IPO Price Calculator
- Sahasra Electronics Solutions Limited IPO Stock Price