The Sahasra Electronics IPO will open on September 26 and close on September 30. It is a Book Built Issue, with the company aiming to raise approximately ₹186.16 crores. This includes a fresh issue of ₹172.01 crores and an offer for sale of up to 5,00,000 equity shares, each with a face value of ₹10.
The IPO price band is set between ₹269 and ₹283 per share. The allocation is divided into 35% for retail investors, 50% for QIBs, and 15% for HNIs. Sahasra Electronics is expected to be listed on the NSE in 2024, with the IPO allotment date also scheduled for 2024.
In terms of financial performance, the company reported revenue of ₹102.79 crores in 2024, a significant increase from ₹10.64 crores in 2023. Its profit also saw a rise, reaching ₹32.63 crores in 2024 compared to ₹2.31 crores in 2023. Based on these financials, investors may consider applying for this IPO with a long-term perspective.
Sahasra Electronics IPO Objectives:
The company plans to utilize the proceeds from the Fresh Issue, after deducting expenses related to the offer, to fund the following objectives:
Capital expenditure for installing additional plant and machinery at a new manufacturing facility in Bhiwadi, Rajasthan.
Investment in its subsidiary, Sahasra Semiconductors Private Limited, to finance capital expenditure for additional plant and machinery.
Meeting working capital requirements.
General corporate purposes.
Sahasra Electronics IPO Review (Apply or Not):
Review update coming soon.
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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% |
Sahasra Electronics IPO Lot Size:
The minimum lot size for the Sahasra Electronics IPO is 400 shares, with an application amount of ₹113,200.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 400 | ₹ 1,13,200 |
| Retail Maximum | 1 | 400 | ₹ 1,13,200 |
| HNI Minimum | 2 | 800 | ₹ 2,26,400 |
Sahasra Electronics IPO Timeline:
The Sahasra Electronics IPO will open on September 26 and close on September 30. The allotment results are expected to be finalized on October 1, and the IPO is scheduled to list on 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 |
Promoters of Sahasra Electronics IPO
Sahasra Electronics is led by its promoters Amrit Lal Manwani, Arunima Manwani, and Varun Manwani.
About Sahasra Electronics IPO
Sahasra Electronics is a leading company based in Uttar Pradesh, certified under EN 9100:2018 (equivalent to AS9100D, JISQ 9100:2016, and ISO 9001:2015). The company specializes in electronic system design and manufacturing (ESDM) services, operating out of its state-of-the-art manufacturing facility located at 68AA, NSEZ, Gautam Buddha Nagar, Noida, Uttar Pradesh. The facility is equipped with four high-speed SMT lines, with a total production capacity of approximately 1.8 million units.
The company offers a diverse range of products and services, including printed circuit board (PCB) assembly, Box Build services, and LED lighting solutions. In FY 2024, over 80% of Sahasra Electronics’ products were exported to international markets, including the United States, Rwanda, Tunisia, the United Kingdom, Germany, Canada, Austria, and Belgium.
Sahasra has also successfully completed a three-year contract for the design and marketing of hardware and software products such as laptops and tablets. By focusing on a client-centric approach that prioritizes quick and effective solutions, the company has grown its customer base from around 20 clients in FY 2022 to approximately 40 in FY 2024, reflecting its commitment to customer satisfaction and adaptability.
Sahasra Electronics IPO Financial Report
In FY 2024, the company reported revenue of ₹102.79 crores, a substantial increase from ₹10.64 crores in FY 2023. Its profit also saw significant growth, rising from ₹2.31 crores in FY 2023 to ₹32.63 crores in FY 2024.
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 (Merchant Bankers)
Hem Securities Limited
Company Address
- Sahasra Electronics Limited
- 68-AA, Noida Special Economic Zone, Nepz Post Office,
- Gautam Buddha Nagar, Noida-201305, Uttar Pradesh, India
- Phone: +91-120-4202604
- Email: cs@sahasraelectronics.com
- Website: www.seslimited.in
Sahasra Electronics IPO FAQs
What is Sahasra Electronics IPO?
Sahasra Electronics IPO is an SME IPO through which the company aims to raise ₹186.16 crores. The issue is priced between ₹269 and ₹283 per equity share, and the IPO will be listed on the NSE.
When will the Sahasra Electronics IPO open for subscription?
The IPO will open on September 26 for QIB, NII, and retail investors. It will close on September 30.
What is the allocation for different investor categories in the Sahasra Electronics IPO?
The allocation is divided as follows: 50% for QIBs, 15% for NIIs, and 35% for retail investors.
How can I apply for the Sahasra Electronics IPO?
You can apply for the Sahasra Electronics IPO online via ASBA through your bank account. Alternatively, you can apply through UPI via your stockbroker or by submitting an offline form through your broker.
What is the issue size of the Sahasra Electronics IPO?
The total issue size of the Sahasra Electronics IPO is ₹186.16 crores.
