Sahasra Electronics Solutions Limited (NSE SME)

Sep 26, 2024 - Sep 30, 2024

Price ₹269 - ₹283
Premium ₹172
Lot size 400
Allotment Oct 1, 2024
Listing Oct 4, 2024

Category Lot(s) Qty Amount Reserved
Retail 1 400 113200 5468
HNI 2 800 226400 2344

Last updated on 30-Sep-2024 19:12:02

CategoryOfferedAppliedTimes
QIB1249600125965600100.8
NIB937600244712400261
RETAIL218720016380520074.89
Total4374400534483200122.18
Retail Apps409513© IPO Premium
HNI Interest Cost Per Share (7 Days)
@7%
₹99.16
@8%
₹113.32
@9%
₹127.49
@10%
₹141.66
@11%
₹155.82
@12%
₹169.99
About

Sahasra Electronics Solutions IPO Details

Issue Size6,578,000 shares
(aggregating up to ₹186.16 Cr)
Fresh Issue6,078,000 shares
(aggregating up to ₹172.01 Cr)
Offer For Sale500,000 shares
(aggregating up to ₹14.15 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Share holding pre issue18,914,763
Share holding post issue24,992,763
Market Maker portion329,000 shares
Hem Finlease

Sahasra Electronics Solutions IPO Reservation

Investor CategoryShares Offered
QIB Shares OfferedNot more than 50.00% of the Net Issue
Retail Shares OfferedNot less than 35.00% of the Net Issue
NII (HNI) Shares OfferedNot less than 15.00% of the Net Issue

Key Performance Indicator

KPIMar-24
ROE54.09%
ROCE42.50%
RONW54.09%
D/E0.36
EPS
(basic)
18.05
P/E
Pre IPO
16.41
P/E
Post IPO
21.68

Company Financials

Sahasra Electronics Solutions Limited Financial Information (Restated)

Sahasra Electronics Solutions Limited's revenue increased by 866% and profit after tax (PAT) rose by 1315% between the financial year ending with March 31, 2024 and March 31, 2023.

PeriodMar 2024Mar 2023
Assets10,804.364,820.23
Revenue10,278.791,063.91
Profit3,262.77230.55
Net Worth6,031.692,027.5
Reserves4,140.21230.55
Borrowing2,171.89689.84
Amount in ₹ Lakhs

About Company

Sahasra Electronic Solutions Limited, incorporated in February 2023 and based in Noida, India, operates in the Electronic System Design and Manufacturing (ESDM) sector. The company provides key services such as Printed Circuit Board Assemblies (PCBAs) used across automotive, medical, industrial, IT, and consumer products like laptops and tablets. Additionally, it offers box build services for complete electronic product assembly and LED lighting solutions encompassing LED chips, power supplies, PCBs, and housing. Sahasra also manufactures IT accessories including motherboards, DRAM modules, SSDs, USB drives, and other memory products. With a manufacturing capacity of 1.8 million units, the company is EN 9100:2018 certified (ISO 9001:2015 compliant) and exports over 80% of its products to markets in the USA, UK, Canada, Germany, Austria, Belgium, Rwanda, and Tunisia. As of March 2024, Sahasra Electronic Solutions Limited employs 160 permanent staff members.

Lead Manager(s)

HEM SECURITIES LIMITED

Strength

Diverse Service Offering: Sahasra Electronic Solutions provides a broad range of services, including PCB assembly, box build assemblies, and design solutions, catering to multiple industries like automotive, medical, and IT.

Global Customer Base: The Company has established strong relationships with international customers, exporting over 80% of its products to countries like the USA, UK, and Germany.

Strategic Location: Operating in a special economic zone (SEZ), the company benefits from tax advantages on its manufactured and exported products, enhancing its cost competitiveness.

Weakness

Customer Concentration Risk: The Company heavily relies on key customers, including group companies, and losing any of them could significantly impact its revenue, financial condition, and cash flows.

Dependency on PCBA Sales: A major portion of revenue comes from Printed Circuit Board Assemblies (PCBAs), making the company vulnerable to changes in product demand, quality issues, or technological advancements that it may struggle to keep up with.

Limited Operating History: Since the company was recently incorporated and took over the business of M/s Sahasra Electronic Solutions, its limited track record makes it challenging for investors to assess its historical performance or predict future prospects.

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