Sahasra Electronics Solutions is scheduled to hit the market on September 26, 2024 and close on September 30, 2024. Sahasra Electronics Solutions plans to raise around ₹186.16 Cr through an IPO with a sale of up to 6,578,000 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.
Sahasra Electronic Solutions Limited, founded in February 2023, is a company based in Noida that specializes in electronic system design and manufacturing (ESDM). They offer a range of products and services, including printed circuit board (PCB) assembly, box build services, and LED lighting solutions. The company also provides computer and IT accessories like motherboards, SSDs, and USB drives. In the financial year 2024, Sahasra exported over 80% of its products to global manufacturers in countries such as the USA, UK, Germany, and Canada. Their manufacturing plant is certified with EN 9100:2018 and has a capacity of 1.8 million units.
Sahasra has several competitive advantages, such as a diverse range of solutions and strong relationships with international customers. Their manufacturing facility is located in a special economic zone, which allows them to benefit from tax advantages for exported products. The company uses an ERP platform that meets high-quality standards required by their clients. Additionally, they have a varied Board of Directors along with a skilled management team experienced in the electronic manufacturing industry. As of March 2024, there are 160 permanent employees working at Sahasra.
Sahasra Electronics Solutions IPO Details
Sahasra Electronics Solutions IPO opens on September 26, 2024, and closes on September 30, 2024. The Listing date for Sahasra Electronics Solutions IPO is on October 04, 2024. The price band for IPO is ₹269 to ₹283 per share and lot size of 400 Shares.
| IPO Date | September 26, 2024 to September 30, 2024 |
| Listing Date | October 04, 2024 |
| Price | ₹269 to ₹283 per share |
| Lot Size | 400 Shares |
| Issue Size | ₹24.17 Cr |
| Face Value | ₹10 per share |
Sahasra Electronics Solutions IPO Tentative Timetable
Sahasra Electronics Solutions opening date is September 26, 2024 and close date is September 30, 2024. The IPO allotment date is October 01, 2024. Therefund initiation of IPO is on October 03, 2024. The credit of shares in demat account is on October 03, 2024. The listing date is on October 04, 2024.
| Event | Date |
|---|---|
| IPO Opening | September 26, 2024 |
| IPO Closing | September 30, 2024 |
| IPO Allotment Date | October 01, 2024 |
| Refund Initiation | October 03, 2024 |
| Shares Credit to Demat | October 03, 2024 |
| Lisiting Date | October 04, 2024 |
Sahasra Electronics Solutions IPO Lot Size
Lot Size of this IPO is 400 shares. A retail-individual investor can apply for up to 1 lots (400 shares or ₹113,200).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 400 | ₹113,200 |
| Retail(Maximum) | 1 | 400 | ₹113,200 |
| HNI (Minimum) | 2 | 800 | ₹226,400 |
Sahasra Electronics Solutions IPO Promoter Holding
| Pre Issue Share Holding | 95.00% |
| Post Issue Share Holding |
Sahasra Electronics Solutions IPO Review
The company is launching its first IPO through a book building process. They will issue 6,578,000 equity shares with a face value of Rs. 10 each, aiming to raise Rs. 186.16 crore (at the highest price).
In the last two financial years, the company reported total income and net profit as follows: Rs. 10.64 crore and Rs. 2.31 crore for FY23, and Rs. 102.79 crore and Rs. 32.63 crore for FY24. The strong numbers for FY24 have raised questions about whether these profits can be maintained, especially since the company operates in a very competitive and fragmented market.
Over the past three financial years, the average earnings per share (EPS) has been Rs. 13.06, and the average return on net worth (RoNW) is 63.16%. The issue is priced at a price-to-book value (P/BV) of 8.48 based on its net asset value (NAV) of Rs. 33.37 as of March 31, 2024, and at a P/BV of 3.04 using its post-IPO NAV of Rs. 92.96 per share (at the upper limit).
If we consider the exceptional earnings of FY24 in relation to its fully diluted equity capital after the IPO, the asking price translates to a price-to-earnings (P/E) ratio of 21.90. Based on the earnings from FY23, the P/E ratio is much higher at 307.61, making the issue look quite expensively priced.
The company’s profit after tax (PAT) margins were 11.50% in FY22, 30.60% in FY23-1, 22.10% in FY23-2, and 32.26% in FY24. The return on capital employed (RoCE) margins were reported at 16.30%, 56.81%, 9.11%, and 42.50% for the same periods, respectively.
The company offers solutions for designing and manufacturing electronic systems. Last year, it changed from a sole proprietorship to a limited company. In FY24, the company's financial performance showed strong growth in both revenue and profit, which has raised some questions about whether these profit margins can be maintained. Given the high earnings in FY24, the stock seems to be fully valued. Savvy investors might consider investing a moderate amount for the medium term.
Sahasra Electronics Solutions IPO Subscription Status (Bidding Details)
Table not foundSahasra Electronics Solutions IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Sahasra Electronics Solutions IPO FAQs
What is Sahasra Electronics Solutions IPO?
Sahasra Electronics Solutions is issuing 6,578,000 equity shares with a face value of ₹10 each, totaling up to ₹186.16 Cr. The shares are being offered at a price of ₹269 to ₹283 each, with a minimum order quantity of 400 shares.
Bigshare Services Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Sahasra Electronics Solutions will open?
Sahasra Electronics Solutions will open on September 26, 2024 for QIB, NII, and Retail Investors.
When Sahasra Electronics Solutions IPO will end?
Sahasra Electronics Solutions will end on September 30, 2024.
What is Sahasra Electronics Solutions IPO Size?
Sahasra Electronics Solutions IPO size is ₹186.16 Cr.
What is Sahasra Electronics Solutions IPO Price Band?
Sahasra Electronics Solutions price band is ₹269 to ₹283 per share.
What is Sahasra Electronics Solutions IPO Allotment Date?
Sahasra Electronics Solutions allotment date is October 01, 2024.
What is Sahasra Electronics Solutions IPO Listing Date?
Sahasra Electronics Solutions listing date is October 04, 2024. The IPO is to be listed on BSE and NSE.
How to Sahasra Electronics Solutions IPO through Zerodha?
To apply for the IPO “Sahasra Electronics Solutions” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Sahasra Electronics Solutions IPO through Upstox?
To apply for the IPO “Sahasra Electronics Solutions” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Sahasra Electronics Solutions IPO Allotment Status?
For Sahasra Electronics Solutions IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Sahasra Electronics Solutions IPO GMP?
You can check out here: Sahasra Electronics Solutions IPO GMP. Check all IPO GMP here.