Sahasra Electronic Solutions Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹283
Per ShareLot Size
400 Shares
Minimum Investment
₹1,13,200
Issue Size
₹186.16 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Sahasra Electronic Solutions Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
95%
Promoter Holding (Post-Issue)
69.9%
Issue Type
Book Building - SME
ISIN
INE0RBQ01018
About the Company
Our Company is an EN 9100:2018 certified company, which is engaged in the business of providing solutions towards electronics system design and manufacturing ("ESDM") services at its manufacturing plant located at 68AA, NSEZ, Noida, Uttar Pradesh, which is equipped with four high speed SMT lines having a total capacity of around 1800000 units. We provide product and solutions right from printed circuit board ("PCB") assembly, Box Build, LED lighting. Memory, IT accessories, computer and IT hardware. We have during the FY 2024-25, acquired controlling stake in Sahasra Semiconductor Private Limited, whose Semiconductor Packaging Facility is located at Bhiwadi, Rajasthan & engaged in the manufacturing of electronic components like integrated circuits, chips, semiconductor devices, eMMC, mSD, COBs, COB based USBs, LED drivers IC, BGA, NAND flash & memory products.
Industry Overview
On an overall basis, electronics manufacturing had grown from US$37.1 billion in 2015-16 to US$ 67.3 billion in 2020-21. However, COVID-19 related disruptions impacted the growth trajectory in 2020-21 and led to a decline in the manufacturing output to US$67.3 billion. The National Policy on Electronics (NPE) 2019 set a target of achieving a turnover of US$ 400 billion by 2025. However, the COVID-19 pandemic brought with it unforeseen and unprecedented challenges. In light of this, the NPE 2019 targets for electronics production in 2025-26 at US$ 300 billion appears to be more realistic considering the disruption on account of COVID-19 in the past 18 months which has been aggravated with the new variants of the COVID-19 virus such as the Omicron.
Company History
Our Company was incorporated as Limited Company in the name of "Sahasra Electronic Solutions Limited" under the provisions of the Companies Act, 2013 vide Certificate of Incorporation dated February 22, 2023 issued by Registrar of Companies, Central Registration Centre bearing Corporate Identity Number U26202DL2023PLC410521. At the time of incorporation our company has took over the running business of proprietorship concern of the promoter Amrit Lal Manwani, namely M/s Sahasra Electronic Solutions along with the assets and liabilities of the proprietorship concern as going concern.
Growth Strategy
- Diversification of our product range.
- Pursue inorganic growth through acquisitions.
- Increase our geographical reach and expand our customer base.
- Invest in expanding our technological capabilities and manufacturing capacities.
Financial Performance
Revenue, profit after tax and total assets across the last 2 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY25 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of upto 65,78,000 equity shares of face value of Rs. 10/- each (the "Equity Shares") of Sahasra Electronic Solutions Limited ("The Company" or "SESL" or "The Offer") at an offer price of Rs. 283 per equity share for cash, aggregating up to Rs. 186.16 crores ("Public Offer") comprising of a fresh issue of upto 60,78,000 equity shares aggregating to Rs. 172.01 crores (the "Fresh Issue") and an offer for sale of upto 5,00,000 equity shares by the selling shareholder ("Offer for Sale") aggregating to Rs. 14.15 crores comprising by Amrit Lal Manwani; out of which 3,29,600 equity shares of face value of Rs. 10 each, at an offer price of Rs. 283 per equity share for cash, aggregating Rs. 9.33 crores will be reserved for subscription by the market maker to the offer (the "Market Maker Reservation Portion"). The public offer less market maker reservation portion i.e. offer of 62,48,400 equity shares of face value of Rs. 10 each, at an offer price of Rs. 283 per equity share for cash, aggregating upto Rs. 176.83 crores is herein after referred to as the "Net Offer". The public offer and net offer will constitute 26.32% and 25.00% respectively of the post-offer paid-up equity share capital of the company.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Dedicated solutions for ESDM services.
- Established relationships with customers across various countries.
- Established manufacturing capabilities.
- Quality Assurance.
- Experienced Promoters, management and operating team.
- The company business is dependent on the sale of its products to certain key customers which also includes some of its Group Companies. The loss of any of these customers or loss of revenue from sales to these customers could have a material adverse effect on its business, financial condition, results of operations and cash flows.
- The company is significantly dependent on revenue from sale of PCBA. Any inability to anticipate or adapt to evolving up gradation of the required products or inability to ensure product quality or reduction in the demand of these products may adversely impact its revenue from operations and growth prospects.
- The company has been recently incorporated and has taken-over the running business of M/s Sahasra Electronic Solutions, thus the company has limited operating history as a Company which may make it difficult for investors to evaluate its historical performance or future prospects.
- Inventories and trade receivables form a major part of its current assets. Failures to manage the company inventory and trade receivables could have an adverse effect on its sales, profitability, cash flow and liquidity.
- Any delay, interruption or reduction in the supply of raw materials required to manufacture its products may adversely affect the company's business, results of operations, cash flows and financial condition.