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Sahasra Electronics IPO GMP

Sahasra Electronics IPO GMP grey market premium, review, Subscription, allotment, listing estimate @

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Sahasra Electronics listing Review

On 4th October 2024, the scrip is listed at Rs. 537.70, a premium of 90% over the issue price.

Sahasra Electronics IPO allotment Link

What was the last grey market premium of Sahasra Electronics IPO?

 For latest GMP, Click

Subscription status of Sahasra Electronics IPO

Will update once the IPO opens for subscription

 

What is the business of Sahasra Electronics?

Sahasra Electronic Solutions Limited: Your Premier Partner in Electronic System Design and Manufacturing

Incorporated in February 2023, Sahasra Electronic Solutions Limited is a leading Electronic System Design and Manufacturing (ESDM) company based in Noida. Its state-of-the-art facility offers a comprehensive range of services, including printed circuit board (PCB) assembly, box build solutions, and LED lighting products, as well as IT accessories and computer hardware.

During FY 2024, it achieved significant global reach, exporting over 80% of its products to renowned manufacturers in countries such as the United States, Rwanda, Tunisia, the United Kingdom, Germany, Canada, Austria, and Belgium. This underscores its commitment to delivering high-quality solutions that meet international standards.

Its Noida plant boasts a manufacturing capacity of 1.8 million units and is certified to EN 9100:2018 standards, ensuring that it maintains the highest quality and reliability in its production processes.

At Sahasra Electronic Solutions Limited, it is dedicated to innovation and excellence in electronic system design and manufacturing. Partner with it for cutting-edge solutions that drive success in your industry.

Get more information about the company @ : https://www.seslimited.in/

Sahasra Electronics IPO Details

IPO opens on  26 September 2024
IPO closes on  30 September 2024
Issue Type Book Built Issue IPO
Issue Size 65,78,000 Shares /
Rs 186.16 Crore
* Fresh Issue 65,78,000 Shares /
Rs 186.16 Crore
* Offer for Sale – – shares /
Rs. – crore
Market Maker Portion 3,29,000 Shares
Net offer to Public 62,49,000 Shares/
Rs.176.85 Crore
Face Value per share Rs. 10
Price Band Rs.269-283
Employee discount  Rs. 0 per share
Retail Lot Size  400 Shares
Listing will at  NSE SME

Shares offered in IPO

  Shares Rs. (Crore)
QIB (50%) 31,24,500 88.42
NII  (15%)   9,37,350 26.53
RII  (35%) 21,87,150 61.90
Total Shares  62,49,000 176,85
Retail portion will be oversubscribed by  5467
Forms
How much Shares to Apply in this IPO?
Min Retail Application 400 Shares Rs.113200
Min HNI Application  800 Shares Rs.226400

Who are the Promoters of Sahasra Electronics IPO?

The promoters of the company are Amrit Lal Manwani, Arunima Manwani and Varun Manwani

What are the Objects of Sahasra Electronics IPO?

The Offer comprises of fresh issue of shares.

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:

  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.

Tentative timetable

IPO opens on 26 September 2024
IPO Closes on 30 September 2024
IPO Allotment on  1 October 2024
Refund Initiation  3 October 2024
Credit of Shares 3 October 2024
Listing on 4 October 2024
Registered Office of the Company
Sahasra Electronics Solutions Limited
33, Pocket 1,
Jasola Vihar New Friends Colony
South Delhi-110025,
Who is the Lead Manager of this IPO?
Hem Securities ltd

Who is the Registrar to IPO?
Bigshare Services Limited

Sahasra Electronics IPO GMP grey market premium, review, Subscription, allotment, listing estimate

Sahasra Electronics IPO Financial & Analytical Ratios

Year Total
Income
Net
Profit
EPS RoNW
  Rs.in Crore Rs.in Crore Rs. %
2021-22  
2022-23   10.64 2.31
2023-24  102.78 32.63 18.05 54.09
Book Value of the
Share on 31.03.2024
Rs 33.37    
BV of the Share at
cap price after IPO
Rs.      
Offer Price/upper band Rs. 283    

IPO
Key Performance indicators

Price/EPS of 23-24 15.68
Price/BV Ratio 8.48
Price/BV after IPO    


How Sahasra Electronics IPO
compares with the Peers?

As on date of RHP FV Total  PE
  Rs. Income Ratio of
    Rs. In Crore  
Sahasra Electronics     15.68
Keynes Technologies     121.47
Trident Techfab     1101.8
       
       
       

# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

Sahasra Electronics IPO Review

Incorporated in February 2023, Sahasra Electronic Solutions Limited is a leading Electronic System Design and Manufacturing (ESDM) company based in Noida.

Size:  Net size of the IPO is Rs.176.85 crore, comprising of 62,49,000 shares. The size of the IPO is very large and yet looking to the fancy for ESDM  business, huge oversubscription is anticipated.
Financial Snapshot:
The shares in this IPO are offered at very attractive valuation, compared to the peer companies. Must Apply IPO
+ from fundamental angle: Must Apply
+ from grey market angle: Apply

Quicklinks

Sahasra Electronics  IPO GMP today allotment, review?

Sahasra Electronics  IPO GMP grey market premium

Sahasra Electronics IPO FAQs

What is Sahasra Electronics IPO
?

This is a SME IPO of 65,78,000 equity shares of the face value of Rs. 10 aggregating up to Rs.186.16 Crores. The issue is priced at Rs.269-283 per share. The minimum order quantity is 400 Shares.

When will Sahasra Electronics IPO subscription open?

Sahasra Electronics IPO opens on September 26, 2024, and closes on September 30, 2024.

What is the lot size of Sahasra Electronics IPO?

Sahasra Electronics IPO lot size is 400 Shares, and the minimum amount required is Rs.113200

How to apply for Sahasra Electronics IPO?

You can apply in Sahasra Electronics IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

When is Sahasra Electronics IPO allotment?

The finalization of Basis of Allotment for Sahasra Electronics IPO will be done on October 01, 2024, and the allotted shares will be credited to your demat account by October 3, 2024.

When is Sahasra Electronics IPO listing date?

Sahasra Electronics IPO listing date is October 04, 2024.

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