Sahasra Electronics Solutions Limited is coming up with an IPO with a fresh issue of 65,78,000 shares worth INR 186.16 crores. The company aims to meet the capital expenditure, invest in subsidiaries, meet working capital requirements, and fund for general corporate purposes.
Sahasra Electronics Solutions IPO – Important Dates
| Sahasra Electronics Solutions Limited IPO Date | September 26, 2024 to September 30, 2024 |
| Sahasra Electronics Solutions Limited IPO Listing Date | October 4, 2024 |
| Sahasra Electronics Solutions Limited IPO Price | INR 269-283 per share |
| Sahasra Electronics Solutions Limited IPO Lot Size | 400 Shares |
| Sahasra Electronics Solutions Limited IPO Total Issue Size | INR 186.16 crores |
| Sahasra Electronics Solutions Limited IPO Basis of Allotment | October 1, 2024 |
| Sahasra Electronics Solutions Limited IPO Initiation of Refunds | October 3, 2024 |
| Sahasra Electronics Solutions Limited IPO Credit of Shares to Demat | October 3, 2024 |
| Sahasra Electronics Solutions Limited IPO Issue Type | Book Built Issue IPO |
| Sahasra Electronics Solutions Limited IPO Listing At | NSE SME |
Read more about Sahasra Electronics IPO GMP
Sahasra Electronics IPO – Company Profile
The Company is an EN 9100:2018 (equivalent to AS 9100D and JISQ 9100:2016, including ISO 9001:2015) 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 Noida.
They provide products and solutions right from the printed circuit board (“PCB”) assembly, Box Build, and LED lighting. Memory, IT accessories, computer, and IT hardware. They have exported over 80% of the products and solutions during the FY 2024 to certain global manufacturers located in countries like the United States of America, Rwanda, Tunisia, United Kingdom, Germany, Canada, Austria & Belgium.
Sahasra Electronics Solutions IPO Fundamental Analysis
Sahasra Electronics Solutions has shown exceptional growth in revenue, profit, and equity, with strong EPS and managed liabilities. Although the RoNW has fluctuated, the company’s overall financial health and growth trajectory make it a potentially attractive investment opportunity. However, the past volatility should be monitored closely. Based on the financials, the IPO appears promising for investment.
Revenue and Profitability:
Revenue grew from ₹2,175.65 lakhs in 2022 to an impressive ₹10,115.27 lakhs in 2024, marking a substantial surge in sales. Profit after tax has similarly skyrocketed from ₹250.17 lakhs in 2022 to ₹3,419.79 lakhs in 2024, indicating strong operational performance and profitability.
Equity and EPS:
Equity/proprietor’s fund surged from ₹1,521.57 lakhs in 2022 to ₹6,031.69 lakhs in 2024, reflecting healthy financial growth. Diluted EPS also saw a remarkable increase to ₹18.05 in 2024 from being unreported in 2022, indicating improved earnings per share.
Return on Net Worth (RoNW):
RoNW fluctuated, spiking to 100.12% in 2023 before settling at 16.44% in 2024, which indicates strong returns but volatility in performance.
Assets and Liabilities:
Total assets rose substantially from ₹2,185.39 lakhs in 2022 to ₹10,804.36 lakhs in 2024, showcasing growth. Total liabilities fluctuated, increasing sharply in 2023 but coming down to ₹2,792.73 lakhs in 2024, suggesting effective liability management and improved financial stability.
Sahasra Electronics Solutions IPO Financial Analysis
| Particular | As of 31 March 2022 | As of 31 March 2023 | As of 31 March 2024 |
| Revenue (₹ in lakhs) | 2,175.65 | 1,043.10 | 10,115.27 |
| Equity/ Proprietor’s fund (₹ in lakhs) | 1,521.57 | 2,027.50 | 6,031.69 |
| Expenses (₹ in lakhs) | 1,968.03 | 824.53 | 6,859.00 |
| Profit and Loss After Tax (₹ in lakhs) | 250.17 | 239.38 | 3,419.79 |
| Diluted EPS only (₹) | NA | 1.30 | 18.05 |
| Return on Net Worth (%) | 16.44 | 100.12 | 16.44 |
| NAV per Equity Share (₹) | 8.57 | 11.43 | 33.37 |
| Total Assets (in lakhs) | 2,185.39 | 4,820.23 | 10,804.36 |
| Total Liabilities (in lakhs) | 663.82 | 4,772.68 | 2,792.73 |
Sahasra Electronics IPO Peer Comparison
Sahasra Electronic Solutions leads in RoNW with 54.09%, while Kaynes Technology excels in total income and has the highest P/E ratio. Trident Techlabs shows moderate revenue but strong P/E and a decent RoNW of 20.12%.
| Company | Total Income (₹ in lakhs) | Face Value per Equity Share (₹) | P/E Ratio | EPS (Basic & Diluted) (₹) | RoNW (%) |
| Sahasra Electronic Solutions Limited | 10278.79 | 10 | NA | 18.05 | 54.09 |
| Kaynes Technology India Limited | 186053.50 | 10 | 181.56 | 30.63 | 7.37 |
| Trident Techlabs Limited | 7300.39 | 10 | 153.99 | 5.52 | 20.12 |
Sahasra Electronics Solutions IPO Objective
The main objective of Sahasra Electronics is to allocate INR 65.96 crore for a new manufacturing unit, INR 22.92 crore for its subsidiary, INR 40 crore for working capital, and the remaining for general corporate purposes and business development.
- To meet capital expenditure: The company intends to expand its operations, therefore the company intends to utilize a part of the Net Proceeds amounting to INR 65.96 crores towards setting up of a new manufacturing unit at Bhiwadi, Rajasthan.
- To invest in a subsidiary: As a part of the strategy, the company intends to expand its operations, through the subsidiary Sahasra Semiconductors Private Limited. Therefore, the company intends to utilize a part of the Net Proceeds amounting to INR 22.92 crores towards capital expenditure requirements in relation to the installation of additional plant and machinery at its factory.
- To meet working capital requirements: The Company requires additional working capital to fund its incremental working capital requirements in the Financial Years ended March 31, 2025, and March 31, 2026, to the extent of INR 40 crores from the Net Proceeds.
- General Corporate Purpose: The company will deploy the balance of funds for general corporate purposes, including meeting operating expenses and initial development costs for various projects, strengthening business development and marketing capabilities, and addressing unforeseen exigencies in ordinary operations.
Sahasra Electronics Solutions IPO Risks And Challenges
Sahasra Electronics’ reliance on key customers, including Group Companies, poses a risk if lost. Delays in raw material supply could harm operations, and failure to meet strict design and quality standards may impact future orders and reputation.
- The business is dependent on the sale of the products to certain key customers which also includes some of the 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 the business, financial condition, results of operations, and cash flows.
- Any delay, interruption, or reduction in the supply of raw materials required to manufacture the products may adversely affect the business, results of operations, cash flows, and financial condition.
- The company is subject to strict design & quality requirements, customer inspections, and audits, and any failure to comply with design & quality standards may lead to the cancellation of existing and future orders and could negatively impact the reputation and the business and results of operations and future prospects.
Sahasra Electronics Solutions IPO – Industry & Market Potential
The electronics industry is one of the largest and fastest-growing industries in the world. Electronic products continue to impact and shape the lifestyle prominently in today’s digital era. With the world being more connected than ever and the digital push induced by the COVID-19 pandemic; the demand for electronic devices is expected to grow steadily and continue to be a major economic driver across the globe.
The global electronics industry is estimated at US$ 2.9 trillion in 2020. For comparison, the global value of the electronics industry is almost equal to the economic size of India, which currently stands at US$ 2.9 trillion.
Sahasra Electronics IPO – Type of Offer
Sahasra Electronics Solutions Limited is launching an IPO with a fresh issue of 65,78,000 shares valued at INR 186.16 crores. The funds will be utilized for capital expenditure, subsidiary investment, working capital, and general corporate purposes.
Sahasra Electronics Solutions IPO Offer Size
The offer size for Sahasra Electronics Solutions Limited’s IPO includes a fresh issue of 65,78,000 shares worth INR 186.16 crores. The proceeds will fund capital expenditure, subsidiary investment, working capital needs, and general corporate purposes.
Sahasra Electronics IPO Allotment Structure
Sahasra Electronics Solutions Limited’s allocation will be as follows: 50% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 35% for Retail Individual Investors (RII) according to SEBI regulations. 3,29,600 shares are reserved for market makers.
● Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.
● Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs.2 lakhs.
● Retail Individual Investors (RII): The remaining 35% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs.
● Market Maker Reservation: A portion of shares, i.e. 3,29,600 shares, are reserved for market makers.
Read more about Sahasra Electronics Solutions IPO Allotment Status
How to apply for the Sahasra Electronics Solutions IPO?
To apply for the Sahasra Electronics Solutions Limited IPO through Alice Blue, follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Sahasra Electronics Solutions Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Sahasra Electronics Solutions Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
Read more about Sahasra Electronics Solutions IPO Day 1 Subscription
How do you check Sahasra Electronics Solutions IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Sahasra Electronics Solutions Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Sahasra Electronics Solutions Limited IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, we request you to reach out to our customer support team at Alice Blue for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Sahasra Electronics Solutions Limited IPO:
● Registrar’s Website: Visit the website of Bigshare Services Private Limited, the registrar of the Sahasra Electronics Solutions Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● NSE SME: You can also check the allotment status on the official websites of the National Stock Exchange (NSE) Small Medium Exchange (SME). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Read more about Sahasra Electronics Solutions IPO Day 2 Subscription
Sahasra Electronics Solutions IPO Offer Registrar
The registrar for the Sahasra Electronics Solutions Limited IPO is Bigshare Services Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
Bigshare Services Private Limited
S6-2, 6th Floor, Pinnacle Business Park,
Andheri (East) Mumbai – 400093.
Telephone: +91 22 6263 8200;
Email: [email protected]
Website: www.bigshareonline.com
Read more about Sahasra Electronics Solutions IPO Day 3 Subscription
Sahasra Electronics Solutions IPO – FAQs
1. What is the allotment date of the Sahasra Electronics Solutions IPO?
The allotment date of the Sahasra Electronics Solutions Limited IPO is October 1, 2024.
2. What is the price band of the Sahasra Electronics Solutions IPO?
The price band of the issue is INR 269-283 per share.
3. What is the size of the Sahasra Electronics Solutions IPO?
The offer size for Sahasra Electronics Solutions Limited’s IPO includes a fresh issue of 65,78,000 shares worth INR 186.16 crores. The proceeds will fund capital expenditure, subsidiary investment, working capital needs, and general corporate purposes.
4. What is the listing date of the Sahasra Electronics Solutions IPO?
The listing date of Sahasra Electronics Solutions Limited’s IPO is October 4, 2024.
