Sahasra Electronic Solutions Ltd. was incorporated on February 22, 2023. The company provides PCB assembly, box build, LED lighting, memory, IT accessories, and computer hardware. In FY24, over 80% of exports went to manufacturers in the U.S., Rwanda, Tunisia, the U.K., Germany, Canada, Austria, and Belgium.
| Bidding Dates |
|---|
| 26 Sep 2024 - 30 Sep 2024 |
| Subscription |
|---|
| 113.62x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,07,600 | 1 | 1 | 400 | 6.6 M | ₹269 - ₹283 | 69.9 % | ₹1769.5 M - ₹1861.6 M | RHP DOC |
Sahasra Electronic Solutions Ltd. IPO SUBSCRIPTION STATUS
30 Sep '24Sahasra Electronic Solutions Ltd. IPO overall subscription rate was 113.62 times the total available shares
Sahasra Electronic Solutions Ltd. IPO retail subscription rate was 99.49 times in the retail segment
Sahasra Electronic Solutions Ltd. IPO non-institutional investor subscription rate was 346.78 times in the non-institutional investor category
Sahasra Electronic Solutions Ltd. IPO Qualified Institutional Bidder subscription rate was 53.56 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
30 Sep 2024 (Day 3) | 99.49x | 346.78x | 53.56x |
27 Sep 2024 (Day 2) | 22.77x | 17.62x | 4.57x |
26 Sep 2024 (Day 1) | 6.88x | 3.56x | 3.39x |
Sahasra Electronic Solutions Ltd. FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| FY24 | 326.3 | 1,011.5 | 9.5 | -31.1 | 34.9% |
| FY23 | 202.5 | 690.8 | - | - | - |
| FY22 | 25.0 | 217.6 | - | - | 17.4% |
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Sahasra Electronic Solutions Ltd. IPO SUBSCRIPTION STATUS DETAILS
Sahasra Electronic Solutions Ltd. had 6.6 M shares on offer
Sahasra Electronic Solutions Ltd. IPO offer price was in the range ₹269 - ₹283
Sahasra Electronic Solutions Ltd. IPO minimum Investment was ₹107600
Sahasra Electronic Solutions Ltd. IPO issue size was ₹ 1769.5 M - ₹ 1861.6 M
Sahasra Electronic Solutions Ltd. had a minimum lot size of 400 Shares per application
Sahasra Electronic Solutions Ltd. NUMBER OF SHARES ON OFFER
Sahasra Electronic Solutions Ltd. IPO IMPORTANT DATES
| Issue Open Date | 26 Sep 2024 |
| Issue close Date | 30 Sep 2024 |
| Allotment Date | 01 Oct 2024 |
| Refund Date | 03 Oct 2024 |
| Demat Account Credit Date | 03 Oct 2024 |
| Listing Date | 04 Oct 2024 |
| Listing on Exchange(s) | NSE |
| Sahasra Electronic Solutions Ltd. Allotment Status | Exchange |
Sahasra Electronic Solutions Ltd. IPO subscription opened on 26 Sep 2024, and closed on 30 Sep 2024
IPO allotment for Sahasra Electronic Solutions Ltd. was finalized on Tuesday, 01 Oct 2024
IPO listing for Sahasra Electronic Solutions Ltd. was on NSE on Friday, 04 Oct 2024
Sahasra Electronic Solutions Ltd. IPO LISTING GAINS
| Issue Price (adjusted) | 283.0 |
| Listing Open Price | 537.7 |
| Listing Close Price | 564.5 |
| Listing Gain% | 90.0% |
| Current Gain% | 19.3% |
Sahasra Electronic Solutions Ltd. Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sahasra Electronic Solutions Ltd. | 337.5 | 843.5 | 59.5 | 0.1 | 5.7 | 6 | 3.8 | 148.4 | 47.6 | 14.2 | 406.4 | 5.7 | 406.4 |
| KRN Heat Exchanger and Refrigeration Ltd. | 1208.4 | 7511 | 98.2 | 2.2 | 12.5 | 13.3 | 8.2 | 609.8 | 38.1 | 76.5 | 44.6 | 12.3 | 44.6 |
| Centum Electronics Ltd. | 3851.8 | 5684.9 | -110.6 | 0 | 4.6 | -13.6 | -3.6 | 968.6 | -16.8 | -46.7 | -1999.6 | -34.8 | -2567.5 |
| Cyient DLM Ltd. | 685.6 | 5442.1 | 66.3 | 3.7 | 4 | 7.2 | 4.5 | 1297.7 | -16 | 73.3 | 7.6 | 10.3 | 18.1 |
| Marine Electricals (India) Ltd. | 336.9 | 4659.1 | 79.8 | 1.5 | 5.3 | 11.8 | 6.6 | 893.2 | 14.5 | 58.4 | 51.9 | 4.2 | 51.9 |
| Hind Rectifiers Ltd. | 1310.2 | 4503.4 | 100.1 | 4.7 | 4.5 | 21.6 | 6.8 | 1000.8 | 52.4 | 45 | 21.3 | 13.1 | 21.3 |
Sahasra Electronic Solutions Ltd. INFORMATION ON IPO ISSUE
About Sahasra Electronic Solutions Ltd.
Sahasra Electronic Solutions Ltd. was incorporated on February 22, 2023. The company provides PCB assembly, box build, LED lighting, memory, IT accessories, and computer hardware. In FY24, over 80% of exports went to manufacturers in the U.S., Rwanda, Tunisia, the U.K., Germany, Canada, Austria, and Belgium.
Object of the Issue
- Funding capital for new machinery at the Bhiwadi, Rajasthan facility
- Investment in their subsidiary
- To meet working capital requirements
- General corporate purposes
Sahasra Electronic Solutions Ltd. - PROMOTERS
| Name |
|---|
| Amrit Lal Manwani |
| Arunima Manwani |
| Varun Manwani |
Sahasra Electronic Solutions Ltd. Lead Manager of the Issue
HEM SECURITIES LIMITED
ib@hemsecurities.com
Sahasra Electronic Solutions Ltd. Registrar to the issue
BIGSHARE SERVICES PRIVATE LIMITED
ipo@bigshareonline.com
Sahasra Electronic Solutions Ltd. Strengths
Dedicated solutions for ESDM services
The company offers diverse solutions, including PCB assembly, box build assemblies, and design services by focusing on customer needs, . Its offerings also include wire harnesses and IT hardware products, with manufacturing lines tailored for high-end enterprise solutions
Established manufacturing capabilities
The manufacturing facility is located in a special economic zone, enabling the company to access tax and other benefits for products manufactured and exported from there
Sahasra Electronic Solutions Ltd. Risks
Dependent on sale to key customers
The business relies on sales to key customers, including some group companies. Losing any of these customers or revenue from them could significantly harm the company's business, financial condition, operations, and cash flows
Dependent on revenue from sale of PCBA
The company is heavily reliant on revenue from PCBA sales. Failure to adapt to product upgrades, ensure quality, or meet demand could negatively affect revenue and growth prospects
Inventory management
Inventories and trade receivables are significant current assets. Poor management of these could negatively impact sales, profitability, cash flow, and liquidity
IPO FAQs
This IPO consists of an offer for sale of up to Rs 14.2 crore, of 500,000 shares. It also consists of a fresh issue of Rs 172.0 crore.
The promoters of the company are Amrit Lal Manwani, Arunima Manwani and Varun Manwani.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 269.0 - 283.0.
The IPO application opens on Sep 26, 2024 and closes on Sep 30, 2024.
The minimum lot size for the IPO is 400. The maximum lot size for the IPO is 400.
For all category investors, the minimum application amount for this IPO is Rs. 107,600.0, the maximum value for this IPO is Rs 113,200.0.
This IPO will be allotted on Oct 01, 2024.
The refund will be credited to your account on Oct 03, 2024.
The allotted shares will be credited to your demat on Oct 03, 2024.
Sahasra Electronic Solutions Ltd.’s shares listed on the stock exchanges on Oct 04, 2024.