Sahasra Electronics Solutions Limited IPO, GMP, Details, Price, And Review IPO Details
| Detail | Description |
|---|---|
| IPO Date | September 26, 2024 to September 30, 2024 |
| Listing Date | - |
| Face Value | ₹ 10 per share |
| Price Band | ₹ 269 to ₹ 283 per share |
| Lot Size | 400 Shares |
| Total Issue Size | 65,78,000 shares (aggregating up to ₹ 186.16 Cr) |
| Fresh Issue | 60,78,000 shares (aggregating up to ₹ 172.01 Cr) |
| Offer for Sale | 5,00,000 shares of ₹10 (aggregating up to ₹ 14.15 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 1,89,14,763 |
| Shareholding post issue | 2,49,92,763 |
| Market Maker portion | 3,29,000 shares |
About Sahasra Electronics Solutions Limited IPO, GMP, Details, Price, And Review
As an EN 9100:2018 (equivalent to AS9100D and JISQ 9100:2016, including ISO 9001:2015) certified company, Sahasra Electronics Solutions Limited is engaged in the business of providing solutions for electronics system design and manufacturing (ESDM) services. These services are provided at the manufacturing plant that’s located at 68AA, NSEZ, Nepz Post Office, Gautam Buddha Nagar, Noida, Uttar Pradesh – 201305. These plants are equipped with 4 high-speed SMT lines, with a total capacity of 1800000 units approx.
Sahasra Electronics Solutions Limited plants provide products and solutions like,
- • Printed Circuit Board (PCB) assembly
- • Box Build
- • LED Lighting
- • Memory
- • IT Accessories
- • Computer and IT Hardware
Over 80% of the products and solutions were exported by the company during FY2024 to some global manufacturers from countries like Rwanda, the United States of America, the United Kingdom, Austria, Germany, Belgium, and Canada.
- Lead Manager: Hem Securities Limited
- Registrar: Bigshare Services Pvt Ltd
Sahasra Electronics Solutions Limited IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net Issue |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
Company & Financials
Sahasra Electronic Solutions Limited, incorporated in February 2023, is an Electronic System Design and Manufacturing company offering electronic system design and manufacturing (ESDM) services at the Noida plant. The company offers products and solutions such as Printed Circuit Board (PCB) assembly, computer and IT hardware, Box Build, LED Lighting, and Memory and IT accessories.
- The company’s product portfolio includes:
- 1. Printed circuit board assemblies (PCBAs): PCBAs of the company PCBAs are used in the products that are manufactured in IT, automotive, medical, IT, and consumer products industries. It includes box-build products like tablets and laptops.
- 2. LED lighting solutions include printed circuit boards, LED chips, housing, and power supplies.
- 3. Computer and IT accessories include DRAM modules, USB drives, motherboards, solid-state drives (SSDs), and other memory products and accessories.
Objectives of Sahasra Electronics Solutions IPO
- 1. The company proposes to use the funds raised (after offering related expenses deduction), to the extent payable by the company, to fund its below-mentioned objectives.
- 2. Funding Capital Expenditure is directed towards the installation of the additional plant and machinery at its new manufacturing facility located in Bhiwadi, Rajasthan.
- 3. Investment with its Subsidiary, Sahasra Semiconductors Private Limited, to finance the capital expenditure requirements for additional plants and machinery installation.
- 4. To meet the requirements of Working Capital.
- 5. General Corporate Purposes.
Sahasra Electronics Solutions IPO Review
Sahasra Electronics Solutions is engaged in the business of offering solutions for electronics systems design and manufacturing services. The proprietorship status of the company changed to a limited company last year. The financial year 2024 financial performance boosted the top/bottom lines, raising eyebrows as well as concerns over the profit margins sustainability.
As per the FY24 earnings of the company, the company's fresh issues appear to be fully priced. It is expected that the well-informed investors might park the moderate funds for the medium term.
Sahasra Electronics Solutions Limited IPO, GMP, Details, Price, And Review Financial Information
Latest Revenue
10,278.79
₹ Crore
Profit After Tax
3,262.77
₹ Crore
Net Worth
6,031.69
₹ Crore
Total Borrowing
2,171.89
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2024 | 10,804.36 | 10,278.79 | 3,262.77 | 6,031.69 | 2,171.89 | ||||
| 31 Mar 2023 | 4,820.23 | 1,063.91 | 230.55 | 2,027.5 | 689.84 | ||||
| Amount in ₹ Crore | |||||||||
IPO Estimated Listing Return
Based on the IPO Price of ₹283 (highest price band), the latest uploaded Grey Market Premium (GMP) of ₹17260 and a lot size of 400 shares.
Sahasra Electronics Solutions Limited IPO, GMP, Details, Price, And Review GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 2024-10-04 | ₹283 | ₹172 (60.78%) | 2024-10-04 |
Sahasra Electronics Solutions Limited IPO, GMP, Details, Price, And Review Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 54.09% |
| ROCE | 42.50% |
| Debt/Equity | 0.36 |
| RoNW | 54.09% |
| P/BV | 32.26 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 17.25 | 13.05 |
| P/E (x) | 16.41 | 21.68 |
Frequently Asked Questions
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Competitive Strengths
Offering diverse solutions, including box build assemblies, PCB assembly, and design solutions.
Established relationships with varied countries customers.
Special Economic Zone’s manufacturing facility offering access to tax benefits for the manufactured and exported products from there.
ERP platform meeting customers' required quality standards.
Diversified Board of Directors that is complemented by a robust management team with the electronic manufacturing sector’s extensive experience.
Download regulatory filings
Sahasra Electronics Solutions Limited IPO, GMP, Details, Price, And Review IPO Timeline
| IPO Open Date | Thursday, September 26, 2024 |
| IPO Close Date | Monday, September 30, 2024 |
| Basis of Allotment | Tuesday, October 1, 2024 |
| Initiation of Refunds | Thursday, October 3, 2024 |
| Credit of Shares to Demat | Thursday, October 3, 2024 |
| Listing Date | Friday, October 4, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 30, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 400 | ₹113,200 |
| Retail (Max) | 1 | 400 | ₹113,200 |
| HNI (Min) | 2 | 800 | ₹226,400 |