IPO Details
Bidding Dates
26 Sep '24 - 30 Sep '24
Minimum Investment
₹1,13,200 / 1 Lot (400 Shares)
Price Range
₹269 - ₹283
Maximum Investment
₹1,13,200 / 1 Lot (400 Shares)
Retail Discount
To be announced
Issue Size
₹186.16 Cr
Investor category and sub category
Retail Individual Investors (RII) | Non-institutional Investors (NII) | Qualified Institutional Buyers (QIB) | Eligible employees |IPO Dates
Important dates with respect to IPO allotment and listing
Opening Date
Sep 26, 2024
Closing Date
Sep 30, 2024
Basis of Allotment
Oct 1, 2024
Initiation of Refunds
Oct 3, 2024
Listing Date
Oct 4, 2024
About Sahasra Electronics Solutions IPO
Sahasra Electronics Solutions Limited is launching its IPO with a total issue size of ₹186.16 crores. The IPO comprises a fresh issue of 60.78 lakh shares, raising ₹172.01 crores, and an offer for sale of 5 lakh shares, amounting to ₹14.15 crores. The subscription for the IPO opens on September 26, 2024, and closes on September 30, 2024. The price band is set between ₹269 to ₹283 per share.
The minimum application lot size is 400 shares, requiring a retail investor to invest a minimum of ₹1,13,200. For High Net Worth Individuals (HNIs), the minimum application is for 2 lots (800 shares), which amounts to ₹2,26,400. The allotment is expected to be finalised on October 1, 2024, and the listing is anticipated to take place on the NSE SME platform on October 4, 2024.
Industry Outlook:
- The global electronics industry was valued at US$ 2.9 trillion in 2020, nearly equivalent to India's GDP, highlighting its immense economic significance.
- India's electronics manufacturing grew from US$ 37.1 billion in 2015-16 to US$ 67.3 billion in 2020-21, despite COVID-19 disruptions.
Sahasra Electronics Solutions IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- Funding capital expenditure towards the installation of additional plant and machinery at the new manufacturing facility situated at Bhiwadi, Rajasthan.
- Investment in the subsidiary, Sahasra Semiconductors Private Limited, for financing its capital expenditure requirements in relation towards the installation of additional plant and machinery.
- To meet working capital requirements.
- General corporate purposes.
About Sahasra Electronics Solutions Limited
Incorporated in February 2023, Sahasra Electronics Solutions Limited is an Electronic System Design and Manufacturing (ESDM) company operating from its EN 9100:2018 certified facility in Noida.
The company specialises in providing electronic system design and manufacturing services, with a product portfolio that includes printed circuit board assemblies (PCBAs), LED lighting solutions, and computer/IT accessories such as motherboards, SSDs, and USB drives.
Sahasra exports over 80% of its products to global manufacturers across countries, including the USA, UK, Germany, Canada, Belgium, Rwanda, and Tunisia. Its PCBAs are widely used in the automotive, medical, industrial, IT, and consumer product industries, including box-build products like laptops and tablets.
The company boasts a manufacturing capacity of 1.8 lakh units annually and adheres to stringent quality standards under ISO 9001:2015 certifications. As of March 2024, Sahasra Electronics Solutions Limited employs 160 permanent staff.
Peer Details
The companies considered by Sahasra Electronics Solutions as its peers include:
- Kaynes Technology India Limited
- Trident Techlabs Limited
How to Check the Allotment Status of the Sahasra Electronics Solutions IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
How to apply for Sahasra Electronics Solutions IPO online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Sahasra Electronics Solutions IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
Contact Details of Sahasra Electronics Solutions IPO
- Registered office: 33, Pocket 1, Jasola Vihar New Friends Colony, South Delhi-110025, New Delhi, India
- Phone: +91-120-4202604
- E-mail: cs@sahasraelectronics.com
IPO Financials
| Particulars | Year ending on March 31, 2024 | February 22, 2023 to March 31, 2023 |
|---|---|---|
| Revenue from Operation (in ₹ lakh) | 10,115.27 | 1,043.1 |
| Profit After Tax (PAT) (in ₹ lakh) | 3,262.77 | 230.55 |
| Current Ratio (x) | 1.66 | 1.08 |
| Net Worth (in ₹ lakh) | 6,031.69 | 2,027.50 |
| Total Borrowings (in ₹ lakh) | 2,171.89 | 689.84 |
| Return on Equity (%) | 54.09% | 11.37% |
| Return on Capital Employed (RoCE) (%) | 42.50% | 9.11% |
| Earnings Per Share (in ₹) | 18.05 | 1.30 |
Know before investing
Strengths
6-
Diversified solutions across PCB assembly, box build, IT hardware.
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Acquired Sahasra Semiconductor for semiconductor and memory products manufacturing.
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Exported 80% of products to over 10 countries in FY2024.
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Manufacturing capacity of 1.8 lakh units in the Noida facility.
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Revenue from exports reached ₹8503.97 lakh in FY2024.
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EN 9100:2018 certified facility ensuring high-quality production standards.
Risks
6-
Reliance on top 10 customers for 95.78% of revenue in FY2024.
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PCBA sales contributed 87.18% of revenue in FY2024.
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Recently incorporated with limited operating history for evaluation.
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High working capital reliance due to ₹2,656.69 lakh in receivables.
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76.75% of raw materials are imported, increasing supply risks.
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Subsidiary Sahasra Semiconductor faced ₹550.53 lakh losses in FY2024.
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Sahasra Electronics Solutions IPO FAQs
Sahasra Electronics Solutions IPO is a book built IPO. The IPO will be open from September 26, 2024, to September 30, 2024.
The Basis of Allotment will happen on Tuesday, October 1, 2024.
The IPO subscription window will open on September 26, 2024.
The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 400 shares.
The listing date for Sahasra Electronics Solutions is Friday, October 4, 2024.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
- Multiple Submissions: Use different Demat accounts to make multiple applications.
- Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
- Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
To read Sahasra Electronics Solutions’ financial statements, download the IPO’s RHP document.
