Sahasra Electronic Solutions Limited is an Electronic System Design and Manufacturing company that provides electronic system design and manufacturing (“ESDM”) services at its Noida plant.
The company provides products and solutions such as printed circuit board (“PCB”) assembly, Box Build, and LED lighting. Memory, IT accessories, computer and IT hardware.
During FY 2024, the company exported over 80% of its products and solutions to global manufacturers in countries such as the United States of America, Rwanda, Tunisia, the United Kingdom, Germany, Canada, Austria, and Belgium.
The company has a manufacturing capacity of 1.8 million units through its EN 9100:2018 certified plant in Noida.
The product portfolio of the company includes:
- Printed circuit board assemblies (PCBAs): The company’s PCBAs are utilized in products manufactured in the automotive, medical, industrial, IT, and consumer products industries. This includes box-build products such as laptops and tablets.
- LED lighting solutions: Include the LED chip, power supply, printed circuit board, and housing.
- Computer and IT accessories: These include motherboards, DRAM modules, solid-state drives (SSD), USB drives, and other memory products and accessories.
The company is certified under 9100:2018 (equivalent to AS 9100D and JISQ 9100:2016, including ISO 9001:2015) for Quality Management Systems for manufacturing PCB assemblies.
As of March 2024, the company had 160 permanent employees.
Sahasra Electronics Solutions IPO – Details
| IPO Opening Date | 26 September 2024 |
| IPO Closing Date | 30 September 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 65,78,000 Shares Worth ₹186.16 Crore Fresh Issue: 65,78,000 Shares Worth ₹186.16 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹269 – ₹283 |
| Market Lot | 400 Shares |
| Min Order | 400 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Bigshare Services Pvt Ltd |
| QIB Shares Offered | 50% |
| Retail Shares Offered | 35% |
| NII (HNI) Shares Offered | 15% |
Sahasra Electronics Solutions IPO – Date Schedule
| IPO Open Date | 26 September 2024 |
| IPO Close Date | 30 September 2024 |
| Basis of Allotment | 01 October 2024 |
| Initiation of Refund | 03 October 2024 |
| Credit of Shares to Demat Account | 03 October 2024 |
| IPO Listing Date | 04 October 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 30, 2024 |
Sahasra Electronics Solutions IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 400 | ₹1,13,200 |
| Retail (Max) | 1 | 400 | ₹1,13,200 |
| HNI (Min) | 2 | 800 | ₹2,26,400 |
Competitive Strengths
- Dedicated solutions for ESDM services.
- Established relationships with customers across various countries.
- Established manufacturing capabilities.
- Quality Assurance.
- Experienced Promoters, management and operating team.
Company Promoters
- Amrit Lal Manwani
- Arunima Manwani
- Varun Manwani
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2023 | 10.63 | 8.24 | 2.30 | 6.89 |
| 31 March 2024 | 102.78 | 68.59 | 32.62 | 21.71 |
Key Performance Indicator
| 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 | 12.80 |
| P/E (x) | 16.41 | 22.11 |
Object 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 Promoter Holding
| Pre Issue Share Holding | 95.00% |
| Post Issue Share Holding | 69.90% |
Sahasra Electronics Solutions IPO Prospectus
Company Contact Information
| 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/ |
Sahasra Electronics Solutions IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/ipo_status.html |
Sahasra Electronics Solutions IPO Lead Manager(s)
| 1. Hem Securities Limited |
Sahasra Electronics Solutions IPO FAQs
| What is Sahasra Electronics Solutions IPO? Sahasra Electronics Solutions IPO is a SME IPO. The issue is priced at ₹269 and ₹283 per equity share. The IPO is to be listed on NSE SME. |
| When Sahasra Electronics Solutions IPO will open? The IPO is to open on 26 September 2024 for QIB, NII, and Retail Investors. |
| What is Sahasra Electronics Solutions IPO Investors Portion? The investors’ portion for QIB- 50%, Retail – 35%, NII – 15%. |
| How to Apply the Sahasra Electronics Solutions IPO? You can apply Sahasra Electronics Solutions IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Sahasra Electronics Solutions IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Sahasra Electronics Solutions IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Sahasra Electronics Solutions IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Sahasra Electronics Solutions IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Sahasra Electronics Solutions IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Sahasra Electronics Solutions IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Sahasra Electronics Solutions IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Sahasra Electronics Solutions IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Sahasra Electronics Solutions IPO Size? Sahasra Electronics Solutions IPO size is ₹186.16 Crore. |
| What is Sahasra Electronics Solutions IPO Price Band? Sahasra Electronics Solutions IPO Price Band is ₹269 – ₹283. |
| What is Sahasra Electronics Solutions IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 400 Shares with ₹1,13,200 amount while the maximum bid is 400 Shares with ₹1,13,200. |
| What is the Sahasra Electronics Solutions IPO Allotment Date? Sahasra Electronics Solutions IPO allotment date is 01 October 2024. |
| What is the Sahasra Electronics Solutions IPO Listing Date? Sahasra Electronics Solutions IPO listing date is 04 October 2024. The IPO is to be listed on NSE SME. |
