Sahasra Electronics Solutions IPO will open for subscription from 26 September 2024. The company aims for an issue size of ₹186.16 Cr through this IPO.
Company Overview
| Full name | Sahasra Electronics Solutions Limited |
| Sector | Electricals |
| Industry | Electronics – Components |
| Company Website | https://www.seslimited.in/ |
About Company
Sahasra Electronics Solutions holds the EN 9100:2018 certification and specializes in electronics system design and manufacturing at its facility in Noida, Uttar Pradesh. The plant features high-speed SMT lines with a total capacity of around 1.8 million units. The company’s product range includes printed circuit board assembly, box build, LED lighting, memory, IT accessories, computers, and IT hardware.
Sahasra Electronics Solutions has significantly expanded its customer base, growing from around 20 customers in Fiscal 2022 to approximately 40 by Fiscal 2024. The company serves a diverse range of industries, including railways, aerospace, marine, automobile, healthcare, and IT hardware, reducing reliance on individual clients. As of 31 March 2024, the company employed approximately 160 people across various levels of the organization. Its products are distributed both domestically in India and internationally across more than 10 countries, including the United States, Rwanda, Tunisia, the United Kingdom, Germany, Canada, Austria, Belgium, Norway, and Panama.
The Objectives of the Issue
- Funding Capital Expenditure towards the installation of additional plant and machinery at a new manufacturing facility situated at Bhiwadi, Rajasthan;
- Investment in the Subsidiary, Sahasra Semiconductors Private Limited, for financing its capital expenditure requirements for the installation of additional plant and machinery;
- To Meet Working Capital Requirements;
- General Corporate Purposes.
Sahasra Electronics Solutions IPO Timetable
| IPO Opening date | 26 September 2024 |
| IPO Closing | 30 September 2024 |
| Basis of Allotment | 01 October 2024 |
| Initiation Refund | 03 October 2024 |
| Credit to Demat Account | 03 October 2024 |
| Listing Date | 04 October 2024 |
Sahasra Electronics Solutions IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹186.16 Cr – 6,578,000 shares |
| Fresh Issue | ₹172.01 Cr – 6,078,000 shares |
| Offer for sale | ₹14.15 Cr – 500,000 shares |
| Face value | ₹10 per share |
| Price Band | ₹269 to ₹283 per share |
| Lot size | 400 Shares |
| Market Maker portion | 329,000 shares |
| Shareholding pre-issue | 18,914,763 |
| Shareholding post-issue | 24,992,763 |
| Listing Exchange | NSE SME |
Sahasra Electronics Solutions 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 Offer Documents
Sahasra Electronics Solutions IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 18,74,000 (28.49%) |
| Market Maker Shares Offered | 3,29,000 (5%) |
| QIB Shares Offered | 12,49,600 (19%) |
| NII (HNI) Shares Offered | 9,38,200 (14.26%) |
| Retail Shares Offered | 21,87,200 (33.25%) |
| Total Shares Offered | 65,78,000 (100%) |
Sahasra Electronics Solutions Financial Performance
| FY 2023 | FY 2024 | |
| Revenue | 10.43 | 101.15 |
| Expenses | 8.25 | 68.59 |
| Net income | 2.31 | 32.63 |
Sahasra Electronics Solutions Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 1.41 | 11.41 | 18.05 |
| PE ratio | – | – | 14.90 – 15.68 |
| RONW (%) | 16.44 | 100.12 | 54.09 |
| NAV | 8.57 | 11.43 | 33.37 |
| ROCE (%) | 16.30 | – | 42.50 |
| EBITDA (%) | 17.35 | – | 34.86 |
| Debt/Equity | – | 0.34 | 0.36 |
Company Promoters
- Amrit Lal Manwani
- Arunima Manwani
- Varun Manwani
Promoter Holding
| Pre Issue Share Holding | 95.00% |
| Post Issue Share Holding | 69.90% |
Sahasra Electronics Solutions Offer GMP Update
Coming Soon
Sahasra Electronics Solutions IPO Subscription Update
Coming Soon
Sahasra Electronics Solutions IPO Allotment Status
Sahasra Electronics IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.
Sahasra Electronics Solutions IPO Listing Details
| Listing Date | 04 October 2024 |
| BSE Scrip Code | Coming Soon |
| NSE Symbol | |
| ISIN | |
| Final Issue Price |
Listing Day Update
| Listing Exchange | NSE SME |
| Final Issue Price | Coming Soon |
| Open | |
| Low | |
| High | |
| Last Trade |
Sahasra Electronics Solutions IPO Lead Manager(s)
HEM SECURITIES LIMITED
904, A Wing, Naman Midtown, Senapati Bapat Marg,
Elphinstone Road, Lower Parel, Mumbai-400013, India
Phone: +91- 022- 49060000
Email: ib@hemsecurities.com
Website: www.hemsecurities.com
Sahasra Electronics Solutions Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Sahasra Electronics Solutions Contact Details
SAHASRA ELECTRONIC SOLUTIONS LIMITED
68-AA Noida Special Economic Zone, Nepz Post Office, Gautam
Buddha Nagar, Noida-201305, Uttar Pradesh, India
Phone: +91-120-4202604
E-mail: cs@sahasraelectronics.com
Website: www.seslimited.in
Sahasra Electronics Solutions IPO FAQs
What is the Sahasra Electronics offer size?
Sahasra Electronics offer size is ₹ 176.95 – 186.16 crores.
What is the Sahasra Electronics offer price band?
Sahasra Electronics public offer price is ₹ 269 – 283 per share.
What is the lot size of the Sahasra Electronics IPO?
Sahasra Electronics offer a lot size is 400 shares.
What is Sahasra Electronics IPO GMP today?
Sahasra Electronics IPO GMP today is ₹ 185 per share.
What is the Sahasra Electronics kostak rate today?
Sahasra Electronics kostak rate today is ₹ NA per application.
What is Sahasra Electronics Subject to the Sauda rate today?
Sahasra Electronics is Subject to the Sauda rate today is ₹ 55,000 per application.
Final thoughts
Sahasra Electronics Solutions IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
