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SME IPO Status: Closed [26th Sep 2024 to 30th Sep 2024]
Sahasra Electronics Solutions IPO, a SME IPO of ₹186.16 Cr opens for subscription from 26-09-2024 to 30-09-2024. The IPO consists of ₹172.01 Cr fresh issue and ₹14.15 Cr offer for sale.
The face value is Rs 10 and the price band is fixed at 269.00-283.00 per share. You can apply to the Sahasra Electronics Solutions SME IPO for a minimum lot of 400 shares amounting of Rs 113200.
The tentative listing date on the exchange (NSE SME) is 04-10-2024.Stay tuned with us to get more details about Sahasra Electronics Solutions SME IPO including business overview, financial performance, live subscription status, allotment details, daily grey market premium (GMP), listing date, and listing price.
| SME IPO Issue Opening Date: | 26th Sep 2024 |
| SME IPO Issue Closing Date: | 30th Sep 2024 |
| SME IPO Issue Price: | ₹269.00-283.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | NSE SME |
| Retail Quota: | Not less than 35.00% of the Net Issue |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹186.16 Cr |
| Offer for Sale: | ₹14.15 Cr |
| Fresh Issue: | ₹172.01 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 95.00% |
| Promoter Holding Post IPO: | 69.90% |
Get important updates regarding Sahasra Electronics Solutions SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 1st Oct 2024 |
| Refunds Initiation* | 3rd Oct 2024 |
| Credit of Shares to Demat* | 3rd Oct 2024 |
| SME IPO Listing Date* | 4th Oct 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹269.00-283.00 |
| Market Lot: | 400 Shares |
| 1 Lot Amount: | ₹113200 |
| Min HNI Lots: | 800 shares (2 lots)- ₹226400 |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 03-10-2024 | 283.00 | 172 | 52300 | ₹455 (60.78%) | 3-Oct-2024 17:28 |
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Sahasra Electronic Solutions Limited was founded in February 2023. Its current product portfolio can be categorized as follows:
In addition, in FY 2024-25, the Company acquired a majority stake in Sahasra Semiconductor Private Limited, which became a subsidiary of the Company. Sahasra Semiconductor Private Limited has a semiconductor packaging plant in Bhiwadi, Rajasthan, which manufactures electronic components such as integrated circuits, friezes, semiconductor devices, eMMC, mSD, COBs, COB-based USBs, LED driver ICs, BGAs, NAND flash and memory products.
The company operates a manufacturing facility in 68AA, NSEZ, Noida, Uttar Pradesh, which is located in a special economic zone. The company's manufacturing facilities have a sophisticated layout with process controls and the necessary automation for quality and productivity.
The production facilities include SMT lines with machines such as RMTS high-speed clippers, “SMT” machines, lead-free wave soldering machines, PCBA routers, compact modular high-speed placement machines, reflow ovens and surface cleaning machines. In addition, quality inspection machines such as high-speed PCB inspection, visual PCB inspection and X-ray inspection machines have been installed to ensure the high standards of product quality.
| Incorporation | Sector | IPO Issue Size | Website |
| 2023 | Industrial Products | ₹186.16 Cr | https://www.seslimited.in/ |
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:
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE SME.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 1,249,600 (28.56%) | 938,200 (21.44%) | 2,187,200 (49.99%) | 4,375,000 | |
| 1 | 26th Sep 2024 19:32 | 6.38x | 2.70x | 5.34x | 5.07x |
| 2 | 27th Sep 2024 19:32 | 8.60x | 12.95x | 17.42x | 13.94x |
| 3 | 30th Sep 2024 18:22 | 100.80x | 260.46x | 74.85x | 122.06x |
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 | 10,804.36 | 4,820.23 | ||||||||||||||||||
| Revenue | 10,278.79 | 1,063.91 | ||||||||||||||||||
| Profit After Tax | 3,262.77 | 230.55 | ||||||||||||||||||
| Net Worth | 6,031.69 | 2,027.5 | ||||||||||||||||||
| Reserves and Surplus | 4,140.21 | 230.55 | ||||||||||||||||||
| Total Borrowing | 2,171.89 | 689.84 | ||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Sahasra Electronics Solutions Limited | 18.05 | 18.05 | 16.41 | 54.09 | ||
| Kaynes Technology India Limited | 30.63 | 30.63 | 181.56 | 7.37 | ||
| Trident Techlabs Limited | 5.52 | 5.52 | 153.99 | 20.12 |
Last Updated on 03-Oct-2024 17:32:54
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Sahasra Electronics Solutions SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Sahasra Electronics Solutions SME IPO with Zerodha.
Alternate approch to apply in Sahasra Electronics Solutions SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Sahasra Electronics Solutions SME IPO Review and Important Updates
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To subscribe or apply in Sahasra Electronics Solutions SME IPO, you can use the following methods:
| Sahasra Electronics Solutions SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Sahasra Electronics Solutions SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Sahasra Electronics Solutions SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Sahasra Electronics Solutions SME IPO. Most of the Syndicate Banks provide access to apply in Sahasra Electronics Solutions IPO via ASBA process. You must have your net banking access, DP ID information to apply in Sahasra Electronics Solutions SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Sahasra Electronics Solutions SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Sahasra Electronics Solutions SME IPO Review and Important Updates
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Sahasra Electronics Solutions SME IPO is going to be list on 04-10-2024.
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Sahasra Electronics Solutions SME IPO Allotment Date is 01-10-2024.
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