September 20, 2024
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Sahasra Electronics listing Review
Will give detailed review on listing of this IPO
Sahasra Electronics IPO allotment Link
What was the last grey market premium of Sahasra Electronics IPO?
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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/
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Sahasra Electronics IPO Details |
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| 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:
- 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.
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 |
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Who is the Registrar to IPO? |
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
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| 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
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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.
