June 12, 2023
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Sahana System IPO Particulars & Guidance at Chanakyanipothi.com,
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Sahana System IPO Review:
Ahmedabad based company doing web-development and other IT related work, is planning to set up EV charging installations & for this objective, it is planning to raise Rs. 32.74 Cr. The IPO size is relatively very large. In the year prior to the IPO, there is sharp rise in the topline and bottomline.
What is the GMP of Sahana System IPO?
Prior to listing: GMP: Rs. 20
Allotted Applications Rs. 17000
Sahana System IPO Subscription Status
On 2 June 2023 @ 5.00 (Closed )
QIB: 230000 Shares 09.70 T
NII: 1160000 Shares 06.40 T
RII: 1035000 Shares 12.89 T
Total: 2425000 Shares 09.49 T
Sahana System IPO Particulars & Guidance:
About the business
The company is engaged in the business of offering IT related services including web app development, mobile application development, AI & ML development, ChatBot development, product prototyping, graphics designing, UI / UX design, SEO & ASO, digital marketing, website & application migration, cyber security and outsourcing of IT services. Some of the industries it caters to includes healthcare,
surveillance, retail, education / e learning, restaurants, banking, media & entertainment and fintech. It is
also engaged in the trading of hardware instruments related to Franking Machines / Computers /
LED / Laptops. The company vide letter dated April 19, 2022, received from NREDCAP, a State Government – ISO 9001:2015 has been provisionally empanelled for development of charging infrastructure for the year 2022 – 23. Pursuant to this letter, it has to conduct a feasibility study for various locations identified
by NREDCAP. Upon successfully completion of feasibility study, the company will inform NREDCAP
of its intention to set the EV charging station at a location of its choice.
Get more information about the company @ www.sahanasystem.com
| Sahana System IPO Details | |
| IPO opens on Tentative | 31 May 2023 |
| IPO closes on | 2 June 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 2425000 Sh /Rs 32.74Cr |
| * Fresh Issue | 2425000 Sh /Rs 32.74 Cr |
| * Offer for Sale | – Sh /Rs – Cr |
| Face Value per share: | Rs. 10 |
| Price Band | Rs.132-135 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1000 Shares |
| Listing will at | NSE SME |
| Shares offered to | ||
| Shares | Rs. (Cr) | |
| QIB (10%) | 230000 | 3.11 |
| NII (45%) | 1035000 | 13.97 |
| RII (45%) | 1035000 | 13.97 |
| Total Shares | 2300000 | 31.05 |
| Retail portion will be oversubscribed by | 135 | |
| Forms | ||
| How much Shares to Apply in Sahana System IPO? | ||
| Min Retail Application | 1000 Sh | Rs. 135000 |
| Min HNI Application | 2000 Sh | Rs. 270000 |
Who are the Promoters of Sahana System IPO?
PRATIK KAKADIA
What are the Objects of Sahana System IPO?
The Company proposes to utilize the Net Proceeds from the Issue for
1. To meet the working capital requirements;
2. Installation of EV charging Station;
| IPO Tentative timetable | |
| IPO opens on | 31 May 2023 |
| IPO Closes on | 2 June 2023 |
| IPO Allotment on | 7 June 2023 |
| Unblocking of ASBA | 8 June 2023 |
| Credit of Shares | 9 June 2023 |
| Listing on | 12 June 2023 |
| Registered Office of the Company 901-A-Block, Mondeal Square, Nr. Iscon Elegance, S.G. Highway, Prahladnagar Ahmedabad-380015, |
| Who are the Lead Managers of Sahana System IPO? |
| GUNISTONE CAPITAL Pvt ltd INTERACTIVE FINANCIAL SERVICES Ltd |
| Who is the Registrar to IPO? |
| PURVA SHAREGISTRY (INDIA) Pvt Ltd |
| IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2020-21 | 3.31 | 0.16 | 0.30 | 94.27 |
| 2021-22 | 12.17 | 1.41 | 2.54 | 31.23 |
| 2022-23 | 24.14 | 6.40 | 11.48 | 59.24 |
| Book Value of the Share on | 31.03.2023 | Rs.19.38 | ||
| Book Value of the Share | after the IPO | Rs.- | ||
| Offer Price | Rs. 135 | |||
| Sahana System IPO Key Performance indicators |
|
| Upper Price/last EPS | 11.76 |
| Upper price/BV Ratio | 6.97 |
| Upper price/BV after IPO | – |
–
IPO Particulars & Guidance
Peer Comparison:
There are no comparable peer which is listed companies
in India and which are engaged in the same line of business as this Company, hence comparison with industry peers is not applicable.
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