Sahasra Electronics IPO Details: The Sahasra Electronics IPO is set to open on September 26 and will close on September 30. This Book Built Issue aims to raise approximately ₹186.16 crores, consisting of a fresh issue of ₹172.01 crores and an offer for sale of up to 500,000 equity shares, each with a face value of ₹10.
The price band for the Sahasra Electronics IPO is established at ₹269 to ₹283 per share. The allocation breakdown includes a retail quota of 35%, a Qualified Institutional Buyers (QIB) segment of 50%, and a High Net-worth Individuals (HNI) segment of 15%. The IPO is expected to be listed on the NSE in 2024, with allotment details to follow in the same year.
Financially, the company reported impressive growth, with revenue soaring to ₹102.79 crores in 2024, compared to ₹10.64 crores in 2023. Profit also rose significantly, reaching ₹32.63 crores in 2024, up from ₹2.31 crores the previous year. Given these promising financials, long-term investors may find this IPO worth considering.
Sahasra Electronics IPO Objectives:
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:
- 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 IPO Review (Apply or Not)
- Update soon
Sahasra Electronics IPO Date & Price Band Details:
| IPO Open Date: | September 26, 2024 |
| IPO Close Date: | September 30, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹269 to ₹283 Per Share |
| Issue Size: | Approx ₹186.16 Crores |
| Fresh Issue: | Approx ₹172.01 Crores |
| Offer for Sale: | Approx 5,00,000 Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Sahasra Electronics IPO Lot Size:
The minimum market lot for the Sahasra Electronics IPO is set at 400 shares, which requires an application amount of ₹113,200.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 400 | ₹113,200 |
| Retail Maximum | 1 | 400 | ₹113,200 |
| HNI Minimum | 2 | 800 | ₹226,400 |
Sahasra Electronics IPO Timeline:
The Sahasra Electronics IPO will open on September 26 and close on September 30. Allotment results are expected to be finalized on October 1, with the IPO listing scheduled for October 4.
| IPO Open Date: | September 26, 2024 |
| IPO Close Date: | September 30, 2024 |
| Basis of Allotment: | October 1, 2024 |
| Refunds: | October 3, 2024 |
| Credit to Demat Account: | October 3, 2024 |
| IPO Listing Date: | October 4, 2024 |
Sahasra Electronics IPO GMP Today:
The latest Grey Market Premium (GMP) for the Sahasra Electronics Solutions SME IPO is ₹43. Given the price band of ₹283.00, the estimated listing price for the IPO is ₹326, calculated by adding the cap price to today’s GMP. This suggests an expected percentage gain of approximately 15.19% per share.
Promoters of Sahasra Electronics IPO
The company is led by promoters Amrit Lal Manwani, Arunima Manwani, and Varun Manwani.
About Sahasra Electronics IPO
Sahasra Electronics is a prominent company based in Uttar Pradesh, certified under EN 9100:2018 (equivalent to AS9100D and JISQ 9100:2016, including ISO 9001:2015). The company specializes in electronic system design and manufacturing (ESDM) services, operating from its state-of-the-art manufacturing plant located at 68AA, NSEZ, Nepz Post Office, Gautam Buddha Nagar, Noida, Uttar Pradesh – 201305. The facility features four high-speed SMT lines with a total capacity of approximately 1,800,000 units.
Sahasra Electronics offers a range of products and solutions, including printed circuit board (PCB) assembly, Box Build services, and LED lighting. In FY 2024, over 80% of its products were exported to international markets, including the United States, Rwanda, Tunisia, the United Kingdom, Germany, Canada, Austria, and Belgium.
The company has successfully completed a three-year agreement for the design and marketing of hardware and software products such as laptops and tablets. By fostering strong relationships through a client servicing model focused on prompt solutions, Sahasra has expanded its customer base from approximately 20 clients in Fiscal 2022 to around 40 in Fiscal 2024. This growth reflects the company’s commitment and adaptability, which have garnered significant interest from clients.
Sahasra Electronics IPO Company Financial Report
The company reported revenue of ₹102.79 crores in 2024 against ₹10.64 crores in 2023. The company reported a profit of ₹32.63 crores in 2024 against a profit of ₹2.31 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2023 | ₹10.64 | ₹8.25 | ₹2.31 | ₹48.20 |
| 2024 | ₹102.79 | ₹68.59 | ₹32.63 | ₹108.04 |
Sahasra Electronics IPO Valuation – FY2024
Check Sahasra Electronics IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 54.09% |
| ROCE: | 42.50% |
| EBITDA Margin: | 34.86% |
| PAT Margin: | 32.26% |
| Debt to equity ratio: | 0.36 |
| Earning Per Share (EPS): | ₹18.05 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 54.09% |
| Net Asset Value (NAV): | ₹33.37 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Kaynes Technology India Limited | 30.63 | 121.47 | 7.37 | 389.32 | 1860.54 Cr. |
| Trident Techlabs Limited | 5.52 | 110.18 | 20.12 | 26.95 | 73.00 Cr. |
Sahasra Electronics IPO Registrar
Bigshare Services Pvt Ltd
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
IPO Lead Managers aka Merchant Bankers
- Hem Securities Limited
Company Address
Sahasra Electronics IPO Limited
68-AA Noida Special Economic Zone, Nepz Post Office, Gautam
Buddha Nagar, Noida-201305, Uttar Pradesh, India
Phone: +91-120-4202604
E-mail: cs@sahasraelectronics.com
Website: www.seslimited.in
Sahasra Electronics IPO FAQs
1. What are the key dates for the Sahasra Electronics IPO?
The IPO opens on September 26 and closes on September 30. The allotment results will be finalized on October 1, with the listing scheduled for October 4.
2. What is the price band for the Sahasra Electronics IPO?
The price band for the IPO is set between ₹269 and ₹283 per share.
3. How many shares are in the minimum market lot?
The minimum market lot consists of 400 shares, requiring an application amount of ₹113,200.
4. What is the estimated listing price for the Sahasra Electronics IPO?
Based on the latest Grey Market Premium (GMP) of ₹43, the estimated listing price is ₹326 per share.
5. Who are the promoters of Sahasra Electronics?
The company is promoted by Amrit Lal Manwani, Arunima Manwani, and Varun Manwani.
6. What services does Sahasra Electronics provide?
Sahasra Electronics specializes in electronic system design and manufacturing (ESDM) services, offering products such as printed circuit board (PCB) assemblies, Box Build services, and LED lighting.
7. Where is the manufacturing plant located?
The manufacturing facility is located at 68AA, NSEZ, Nepz Post Office, Gautam Buddha Nagar, Noida, Uttar Pradesh – 201305.
8. What percentage of the company’s products are exported?
Over 80% of Sahasra Electronics’ products were exported in FY 2024 to countries including the USA, Rwanda, Tunisia, the UK, Germany, Canada, Austria, and Belgium.
9. How has the company’s customer base changed over the years?
Sahasra Electronics has expanded its key customer base from around 20 customers in Fiscal 2022 to approximately 40 customers in Fiscal 2024.
10. Why should investors consider applying for this IPO?
Given the company’s impressive revenue growth and expanding customer base, long-term investors may find the Sahasra Electronics IPO an appealing opportunity.
