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16 Nov 2024
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.
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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.
- IPO Size: ₹186.16 crores
- ● Fresh Issue: 60.78 lakh shares, aggregating to ₹172.01 crores
- ● Offer for Sale (OFS): 5 lakh shares, aggregating to ₹14.15 crores
- Issue Period: September 26, 2024 – September 30, 2024
- Price Band: ₹269 to ₹283 per share
- Minimum Lot Size: 400 shares
- Lead Manager: Hem Securities Limited
- Registrar: Bigshare Services Pvt Ltd
Sahasra Electronics Solutions IPO:
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Sahasra Electronics Solutions Limited IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 04-10-2024 | 283 | 172 (60.78%) | 04-Oct-2024 12:25 |
| 03-10-2024 | 283 | 172 (60.78%) | 03-Oct-2024 12:45 |
| 01-10-2024 | 283 | 200 (70.67%) | 01-Oct-2024 12:10 |
| 30-09-2024 | 283 | 200 (70.67%) | 30-Sep-2024 12:20 |
| 28-09-2024 | 283 | 175 (61.84%) | 28-Sep-2024 12:10 |
| 27-09-2024 | 283 | 200 (70.67%) | 27-Sep-2024 12:20 |
| 26-09-2024 | 283 | 190 (67.14%) | 26-Sep-2024 12:35 |
| 25-09-2024 | 283 | 180 (63.60%) | 25-Sep-2024 12:10 |
| 24-09-2024 | 283 | 180 (63.60%) | 24-Sep-2024 12:45 |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Sahasra Electronics Solutions IPO Overview
| 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 | 6,578,000 shares (aggregating up to ₹186.16 Cr) |
| Fresh Issue | 6,078,000 shares (aggregating up to ₹172.01 Cr) |
| Offer for Sale | 500,000 shares of ₹10 (aggregating up to ₹14.15 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 18,914,763 |
| Shareholding post issue | 24,992,763 |
| Market Maker portion | 329,000 shares |
Sahasra Electronics Solutions IPO Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| 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 |
Sahasra Electronics Solutions Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 400 | ₹113,200 |
| Retail (Max) | 1 | 400 | ₹113,200 |
| HNI (Min) | 2 | 800 | ₹226,400 |
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 |
Sahasra Electronics Solutions IPO Promoter Holding
| Share Holding Pre Issue | 95.00% |
| Share Holding Post Issue | 69.90% |
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.
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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.
- 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.
Sahasra Electronics Solutions Limited Financial Information
| 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 |
The mentioned financial details for March 31, 2024 & March 31, 2023 (February 22, 2023 to March 31, 2023) are of the Company.
The following Restated Financial Statements for the financial period/ years ended February 21, 2023, & March 31, 2022, are of the erstwhile proprietorship:
| Period Ended | April 1, 2022 to February 21, 2023 | March 31, 2022 | ||||||||||||||||||||||||||||||||||||||
| Assets | 5,173.52 | 2,185.39 | ||||||||||||||||||||||||||||||||||||||
| Revenue | 6,002.92 | 2,212.80 | ||||||||||||||||||||||||||||||||||||||
| Profit After Tax | 1794.56 | 250.17 | ||||||||||||||||||||||||||||||||||||||
| Net Worth | 2435.06 | 1521.57 | ||||||||||||||||||||||||||||||||||||||
| Total Borrowing | 798.60 | 30.96 | ||||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
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 |
Objectives of Sahasra Electronics Solutions IPO
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.
FAQs for Sahasra Electronics IPO
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Which IPO is being launched by Sahasra Electronics Solutions Limited?
The company is launching an SME IPO that will be listed on the NSE. It is expected to raise ₹186.16 Crores through the issue that’s priced at ₹269 to ₹283 per equity share.
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When does the subscription for Sahasra Electronics Solutions Limited IPO open?
The subscription for the QIB, NII, and Retail Investors opens on September 26, 2024, and closes on September 30, 2024.
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What is Sahasra Electronics Solutions Limited IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
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What is the issue size of Sahasra Electronics Solutions Limited IPO?
₹186.16 crores is Sahasra Electronics Solutions Limited’s IPO issue size.
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What is the Price Band for Sahasra Electronics Solutions Limited IPO?
₹269 to ₹283 is the Price Band for Sahasra Electronics Solutions Limited IPO.
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What is the lot size of Sahasra Electronics Solutions Limited IPO?
400 Shares with ₹113,200 amount is the lot size.
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What is the Allotment date for Sahasra Electronics Solutions Limited IPO?
October 1, 2024, is the allotment date for Sahasra Electronics Solutions Limited IPO.
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What is the listing date for the Sahasra Electronics Solutions Limited IPO?
October 4, 2024, is the listing date for Sahasra Electronics Solutions Limited. The IPO will be listed on the NSE.
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What is Sahasra Electronics Solutions Limited current GMP?
The current GMP of Sahasra Electronics Solutions Limited is 172 (60.78%).
RHP:
RHP of Sahasra Electronics Solutions Limited IPO
DRHP:
DRHP of Sahasra Electronics Solutions Limited IPO
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Which IPO is being launched by Sahasra Electronics Solutions Limited?
The company is launching an SME IPO that will be listed on the NSE. It is expected to raise ₹186.16 Crores through the issue that’s priced at ₹269 to ₹283 per equity share.
-
When does the subscription for Sahasra Electronics Solutions Limited IPO open?
The subscription for the QIB, NII, and Retail Investors opens on September 26, 2024, and closes on September 30, 2024.
-
What is Sahasra Electronics Solutions Limited IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
-
What is the issue size of Sahasra Electronics Solutions Limited IPO?
₹186.16 crores is Sahasra Electronics Solutions Limited’s IPO issue size.
-
What is the Price Band for Sahasra Electronics Solutions Limited IPO?
₹269 to ₹283 is the Price Band for Sahasra Electronics Solutions Limited IPO.
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What is the lot size of Sahasra Electronics Solutions Limited IPO?
400 Shares with ₹113,200 amount is the lot size.
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What is the Allotment date for Sahasra Electronics Solutions Limited IPO?
October 1, 2024, is the allotment date for Sahasra Electronics Solutions Limited IPO.
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What is the listing date for the Sahasra Electronics Solutions Limited IPO?
October 4, 2024, is the listing date for Sahasra Electronics Solutions Limited. The IPO will be listed on the NSE.
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What is Sahasra Electronics Solutions Limited current GMP?
The current GMP of Sahasra Electronics Solutions Limited is 172 (60.78%).
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