Sahasra Electronics Solutions Limited IPO Overview
Sahasra Electronics Solutions Limited is launching its IPO with a book-built issue totaling ₹186.16 crores, which includes a fresh issue of 60.78 lakh shares worth ₹172.01 crores and an offer for sale of 5 lakh shares amounting to ₹14.15 crores. The IPO will be open for subscription from September 26, 2024, to September 30, 2024, with the allotment expected on October 1, 2024. The company is set to list on the NSE SME with a tentative listing date of October 4, 2024.
The IPO price band is fixed between ₹269 and ₹283 per share, with a minimum application size of 400 shares, requiring a minimum investment of ₹113,200 for retail investors. For High Net-Worth Individuals (HNIs), the minimum investment is ₹226,400 for 2 lots (800 shares). Hem Securities Limited is the book-running lead manager , while Bigshare Services Pvt Ltd serves as the registrar. The market maker for the IPO is Hem Finlease.
Refer to Sahasra Electronics Solutions IPO RHP for detailed information.
Sahasra Electronics Solutions Limited IPO Important dates
Sahasra Electronics Solutions IPO opens on September 26, 2024, and closes on September 30, 2024.
| IPO Open Date | Thursday, September 26, 2024 |
| IPO Close Date | Monday, September 30, 2024 |
| Basis of Allotment | Tuesday, October 1, 2024 |
| Initiation of Refunds | Thursday, October 3, 2024 |
| Credit of Shares to Demat | Thursday, October 3, 2024 |
| Listing Date | Friday, October 4, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 30, 2024 |
Sahasra Electronics Solutions Limited Financial Performance
Sahasra Electronics Solutions Limited’s revenue increased by 866% and profit after tax (PAT) rose by 1315% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|
| Assets | ₹1080.44 crore | ₹482.02 crore |
| Revenue | ₹102.79 crore | ₹10.64 crore |
| Profit After Tax | ₹326.28 crore | ₹2.31 crore |
| Net Worth | ₹603.17 crore | ₹202.75 crore |
| Reserves and Surplus | ₹414.02 crore | ₹2.31 crore |
| Total Borrowing | ₹217.19 crore | ₹68.98 crore |
Sahasra Electronics Solutions Limited IPO Key Performance Indicator
The market capitalization of Sahasra Electronics Solutions IPO is Rs 707.3 Cr. KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 54.09% |
| ROCE | 42.50% |
| Debt/Equity | 0.36 |
| RoNW | 54.09% |
| PAT Margin (%) | 32.26 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 17.25 | 13.05 |
| P/E (x) | 16.41 | 21.68 |
Sahasra Electronics Solutions Limited IPO Objectives
The company proposes to utilize the funds which are being raised through the Fresh Issue after deducting the Offer related expenses to the extent payable by the company concerning the Fresh Issue, towards funding the following objects:
- 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 Limited IPO Lot Size
Investors can bid for a minimum of 400 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| 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 Limited IPO Details
| IPO Date | September 26, 2024 to September 30, 2024 |
| Listing Date | [October 4, 2024] |
| Face Value | ₹10 per share |
| Price Band | ₹269 to ₹283 per share |
| Lot Size | 400 Shares |
| Total Issue Size | 6,578,000 shares (aggregating up to ₹186.16 Cr) |
| Fresh Issue | 6,078,000 shares (aggregating up to ₹172.01 Cr) |
| Offer for Sale | 500,000 shares of ₹10 (aggregating up to ₹14.15 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 18,914,763 |
| Share holding post issue | 24,992,763 |
| Market Maker portion | 329,000 shares |
Sahasra Electronics Solutions Limited Company Overview and Services
Incorporated in February 2023, Sahasra Electronic Solutions Limited stands out as a premier Electronic System Design and Manufacturing (ESDM) company, operating from its state-of-the-art facility in Noida. The company specializes in delivering comprehensive ESDM services that cater to a diverse range of industries, including automotive, medical, IT, and consumer products.
Comprehensive Product Offerings
Sahasra Electronic Solutions Limited provides an extensive array of products and solutions, which include:
- Printed Circuit Board Assemblies (PCBAs): Their PCBAs are integral to various applications across multiple sectors, including automotive and medical devices. The company also manufactures box-build products, such as laptops and tablets.
- LED Lighting Solutions: This category encompasses a complete package that includes LED chips, power supplies, printed circuit boards, and housing, ensuring high-quality lighting solutions for various applications.
- Computer and IT Accessories: The product range also features essential IT components such as motherboards, DRAM modules, solid-state drives (SSD), USB drives, and other memory products that enhance computing experiences.
Global Reach and Manufacturing Excellence
In FY 2024, Sahasra Electronic Solutions Limited achieved remarkable success by exporting over 80% of its products to global manufacturers across multiple countries, including the USA, Rwanda, Tunisia, the UK, Germany, Canada, Austria, and Belgium. The company’s manufacturing facility, certified under EN 9100:2018, boasts a capacity of 1.8 million units, affirming its commitment to quality and efficiency.
Competitive Strengths
Sahasra Electronic Solutions Limited leverages several competitive advantages, including:
- Diverse Solutions: The company offers a broad spectrum of services, from PCB assembly to box build assemblies and design solutions, catering to various customer needs.
- Established Relationships: With strong connections to clients across multiple countries, the company ensures reliability and trust in its partnerships.
- Strategic Location: Situated within a special economic zone, the manufacturing facility enjoys tax benefits that enhance the competitiveness of its products in international markets.
- Quality Assurance: The company’s ERP platform is designed to meet stringent quality standards required by its clients, ensuring consistent excellence.
- Experienced Leadership: A diversified Board of Directors and a robust management team, rich in experience within the electronic manufacturing sector, drive the company’s vision and operational success.
As of March 2024, Sahasra Electronic Solutions Limited employs 160 permanent staff, reflecting its growth and commitment to providing top-tier ESDM services. With its innovative solutions and global outreach, Sahasra Electronic Solutions is poised to redefine excellence in the electronic manufacturing landscape.
Sahasra Electronics Solutions Limited IPO SWOT Analysis
Strengths:
- Established Market Presence: Sahasra Electronics Solutions has built a strong reputation in the electronics industry, offering high-quality products and services.
- Diverse Product Portfolio: The company provides a wide range of products, from printed circuit boards (PCBs) to embedded electronics, catering to various industries such as automotive, telecom, and consumer electronics.
- Technological Expertise: Sahasra’s focus on innovation and R&D ensures the development of cutting-edge solutions that meet evolving market demands.
- Experienced Management Team: The leadership team brings vast experience in the electronics sector, which strengthens operational and strategic decision-making.
Weaknesses:
- High Dependency on Raw Materials: The company relies on the consistent supply of raw materials like semiconductors and other electronic components, which are prone to price fluctuations.
- Limited Global Footprint: Despite its solid presence in the domestic market, Sahasra Electronics has limited international reach compared to larger global competitors.
- Capital Intensive Industry: The electronics manufacturing sector requires significant investment in technology and equipment, which could impact profitability margins.
Opportunities:
- Growing Electronics Market: The increasing demand for electronic devices, especially in sectors like automotive, industrial, and consumer electronics, presents growth opportunities for Sahasra.
- Expansion into Global Markets: With IPO funding, the company can explore international markets, boosting revenue and brand recognition globally.
- Government Initiatives: Favorable policies such as Make in India and incentives for electronics manufacturing could drive business growth.
- Technological Advancements: The adoption of advanced technologies like IoT and AI in electronics manufacturing provides avenues for product diversification and innovation.
Threats:
- Intense Competition: The electronics industry is highly competitive, with several domestic and international players offering similar products and services, posing a challenge to market share.
- Supply Chain Disruptions: Global disruptions in the supply of key electronic components, such as semiconductors, can adversely affect production and delivery timelines.
- Regulatory and Compliance Risks: Changes in regulations, both domestically and internationally, could increase compliance costs and affect operational efficiency.
- Currency Fluctuations: As the company looks to expand globally, currency volatility could impact profit margins and overall financial performance.
Sahasra Electronics Solutions Limited IPO GMP Details
Sahasra Electronics Solutions SME IPO last GMP is ₹208, last updated Sep 25th 2024. With the price band of 283.00, Sahasra Electronics Solutions SME IPO’s estimated listing price is ₹491 (cap price + today’s GMP).The expected percentage gain/loss per share is 73.50%.
Stay with us to know the daily price trend of Sahasra Electronics Solutions SME IPO GMP with expected listing price.
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price | Last Updated |
|---|---|---|---|---|---|
| 30-09-2024 Close | 283.00 | ₹208  |
63200 | ₹491 (73.5%) | 30-Sep-2024 |
| 29-09-2024 | 283.00 | ₹208  |
63200 | ₹491 (73.5%) | 29-Sep-2024 |
| 28-09-2024 | 283.00 | ₹198 |
60200 | ₹481 (69.96%) | 28-Sep-2024 |
| 27-09-2024 | 283.00 | ₹175  |
53200 | ₹458 (61.84%) | 27-Sep-2024 |
| 26-09-2024 Open | 283.00 | ₹200 |
60800 | ₹483 (70.67%) | 26-Sep-2024 |
| 25-09-2024 | 283.00 | ₹190 |
57800 | ₹473 (67.14%) | 25-Sep-2024 |
| 24-09-2024 | 283.00 | ₹180 |
54700 | ₹463 (63.6%) | 24-Sep-2024 |
| 23-09-2024 | 283.00 | ₹180 |
54700 | ₹463 (63.6%) | 23-Sep-2024 |
| 22-09-2024 | 283.00 | ₹100 |
30400 | ₹383 (35.34%) | 22-Sep-2024 |
| 21-09-2024 | 283.00 | ₹100 |
30400 | ₹383 (35.34%) | 21-Sep-2024 |
| 20-09-2024 | 283.00 | ₹43 |
13100 | ₹326 (15.19%) | 20-Sep-2024 |
Sahasra Electronics Solutions Limited IPO subscription status
Sahasra Electronics Solutions IPO subscribed 16.15 times. The public issue subscribed 20.00 times in the retail category, 8.60 times in QIB, and 17.23 times in the NII category by September 30, 2024.
| Investor Category | Subscription (times) | Shares Offered* | Shares bid for | Total Amount (Rs Cr.)* |
|---|---|---|---|---|
| Anchor Investors | 1 | 18,74,000 | 18,74,000 | 53.03 |
| Market Maker | 1 | 3,29,000 | 3,29,000 | 9.31 |
| Qualified Institutions | 8.60 | 12,49,600 | 1,07,48,000 | 304.17 |
| Non-Institutional Buyers*** | 17.23 | 9,38,200 | 1,61,64,600 | 457.46 |
| Retail Investors | 20.00 | 21,87,200 | 4,37,34,400 | 1,237.68 |
| Total ** | 16.15 | 43,75,000 | 7,06,47,000 | 1,999.31 |
Total Application : 109,336
Note:
-
*: “Shares Offered” and “Total Amount” are calculated based on the upper price of the issue price range.
-
**: The portion of anchor investors (or market makers) is not included in the total number of shares offered.
- ***: Market Maker portion is not included to NII/HNI.
Sahasra Electronics Solutions IPO Subscription Details (times)
| Date | QIB | NII* | Retail | Total |
|---|---|---|---|---|
| Day 1 Sep 26, 2024 |
6.38 | 2.70 | 5.34 | 5.07 |
| Day 2 Sep 27, 2024 |
8.60 | 12.95 | 17.42 | 13.94 |
| Day 3 Sep 30, 2024 |
8.60 | 17.23 | 20.00 | 16.15 |
Sahasra Electronics Solutions Limited IPO Allotment status
The allotment status of Sahasra Electronics Solutions IPO is expected to be available on October 1, 2024.
Sahasra Electronics Solutions IPO allotment status is not available at this time. Sahasra Electronics Solutions IPO – The allotment status will be available once the basis of allotment is finalized. Please revisit us to check the latest updates for Sahasra Electronics Solutions Limited IPO allotment status.
To check Sahasra Electronics Solutions IPO allotment status, follow the steps below:
- Click on the below allotment status check button.
- Select Company Name.
- Enter your PAN Number, Application Number or DP Client ID (Anyone).
- Click on Search.
On securing the allotment, you will receive the credit of equivalent shares in your Demat account.
If you have any concerns or queries about the allotment status, contact Bigshare Services Pvt Ltd either by phone or email. Investors can call on +91-22-6263 8200 or send an email with all relevant details to ipo@bigshareonline.com.
Sahasra Electronics Solutions Limited Contact Details
Sahasra Electronics Solutions Limited
33, Pocket 1,
Jasola Vihar New Friends Colony
South Delhi-110025,
Phone: +91-120-4202604
Email: cs@sahasraelectronics.com
Website: https://www.seslimited.in/
Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.
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