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 name | Sahana System Limited |
| Sector | Information Technology |
| Industry | IT-Software |
| Company Website | https://www.sahanasystem.com/ |
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 date | 31 May 2023 |
| IPO Closing | 02 June 2023 |
| Basis of Allotment | 07 June 2023 |
| Initiation Refund | 08 June 2023 |
| Credit to Demat Account | 09 June 2023 |
| Listing Date | 12 June 2023 |
IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹32.74 Cr – 2,425,000 shares |
| Fresh Issue | ₹32.74 Cr – 2,425,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹132 to ₹135 per share |
| Lot size | 1000 Shares |
| Market Maker portion | 125,000 shares |
| Listing Exchange | NSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹135,000 |
| Retail (Max) | 1 | 1000 | ₹135,000 |
| HNI (Min) | 2 | 2,000 | ₹270,000 |
Reservation Details
| QIB Shares Offered | Not more than 10% of the Net offer |
| NII (HNI) Shares Offered | Not less than 45% of the Offer |
| Retail Shares Offered | Not less than 45% of the Offer |
Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 331.47 | 1,217.39 | 2,414.23 |
| Expenses | 309.06 | 1,021.86 | 1,528.04 |
| Net income | 16.44 | 141.18 | 639.64 |
Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 0.30 | 2.54 | 11.48 |
| PE ratio | – | – | 11.50 – 11.76 |
| RONW (%) | 94.27 | 31.23 | 59.24 |
| NAV | 0.31 | 8.15 | 19.38 |
| ROCE (%) | 10.88 | 27.84 | 61.05 |
| EBITDA (%) | 25.43 | 22.81 | 40.07 |
| Debt/Equity | 41.47 | 1.13 | 0.44 |
Company Promoters
- Pratik Kakadia
Promoter Holding
| Pre Issue Share Holding | 90.25% |
| Post Issue Share Holding | – |
Lead Manager(s)
- Unistone Capital Pvt Ltd
- Interactive Financial Services Ltd
IPO Registrar
PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED
Unit No. 9, Ground Floor,
Shiv Shakti Industrial Estate, J. R.
Boricha Marg, Lower Parel (East),
Mumbai – 400011, Maharashtra
Phone: +91 22-23010771/8261
Email: support@purvashare.com
Website: www.purvashare.com
Contact Details
SAHANA SYSTEM LIMITED
901-A-Block, Mondeal Square, Nr. Iscon Elegance,
S.G. Highway, Prahladnagar Ahmedabad 380015
Phone: +91-79-46014490
E-mail: cs@sahanasystem.com
Website: www.sahanasystem.com
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
