Sahana System IPO

Sahana System IPO will open for subscription from 31 May 2023. the company aims for an issue size of 32.74 Cr through this IPO.

Company Overview

Full nameSahana System Limited
SectorInformation Technology
Company Website

About Company

Incorporated in 2020, Sahana System 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.

Currently, the company’s customers are based out of Argentina, Saudi Arabia, Canada, and America. Its sales through exports contributed 5.60%, 0.60%, and 94.95% respectively from our revenue from operations for the year ended 31 March 2023, 2022, and 2021 respectively.

The company is recognized as a start-up by the Department for Promotion of Industry and Internal Trade, Ministry of Commerce & Industry. The recognition certificate is valid for 10 years from the date of incorporation of the company till up to 19 February 2030.

The Objective of the Issue

  • To meet the working capital requirements
  • Installation of EV charging Station
  • General Corporate Purposes
  • To meet the issue expenses

IPO Timetable

IPO Opening date31 May 2023
IPO Closing02 June 2023
Basis of Allotment07 June 2023
Initiation Refund08 June 2023
Credit to Demat Account09 June 2023
Listing Date12 June 2023

IPO details

Issue typeBook Built Issue IPO
IPO issue size₹32.74 Cr – 2,425,000 shares
Fresh Issue₹32.74 Cr – 2,425,000 shares
Offer for saleNil
Face value₹10 per share
Price Band₹132 to ₹135 per share
Lot size1000 Shares
Market Maker portion125,000 shares
Listing ExchangeNSE SME

IPO Lot Size

Retail (Min)11000₹135,000
Retail (Max)11000₹135,000
HNI (Min)22,000₹270,000

Reservation Details

QIB Shares OfferedNot more than 10% of the Net offer
NII (HNI) Shares OfferedNot less than 45% of the Offer
Retail Shares OfferedNot less than 45% of the Offer

Financial Performance

 FY 2021FY 2022FY 2023
Net income16.44141.18639.64
(Amount in ₹ Lakhs)

Valuations & Margins

FY 2020FY 2021FY 2022
PE ratio11.50 – 11.76
RONW (%)94.2731.2359.24
ROCE (%)10.8827.8461.05
EBITDA (%)25.4322.8140.07

Company Promoters

  • Pratik Kakadia

Promoter Holding

Pre Issue Share Holding90.25%
Post Issue Share Holding

Lead Manager(s)

  • Unistone Capital Pvt Ltd
  • Interactive Financial Services Ltd

IPO Registrar

Unit No. 9, Ground Floor,
Shiv Shakti Industrial Estate, J. R.
Boricha Marg, Lower Parel (East),
Mumbai – 400011, Maharashtra
Phone: +91 22-23010771/8261

Contact Details

901-A-Block, Mondeal Square, Nr. Iscon Elegance,
S.G. Highway, Prahladnagar Ahmedabad 380015
Phone: +91-79-46014490

Allotment Status

Sahana System IPO allotment status will be available on Purva Sharegistry’s website. Click on this link to get allotment status.

Final thoughts

Sahana System IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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