Schedule of Sahasra Electronics Solutions
| Issue open date | 26 Sep 2024 |
| Issue close date | 30 Sep 2024 |
| UPI mandate deadline | 30 Sep 2024 (5 PM) |
| Allotment finalization | 01 Oct 2024 |
| Refund initiation | 03 Oct 2024 |
| Share credit | 03 Oct 2024 |
| Listing date | 04 Oct 2024 |
| Mandate end date | 15 Oct 2024 |
| Lock-in end date for anchor investors (50%) | 30 Oct 2024 |
| Lock-in end date for anchor investors (remaining) | 29 Dec 2024 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Sahasra Electronics Solutions
Sahasra Electronic Solutions Limited was established in 2000. It is engaged in providing electronics system design and manufacturing (ESDM) services. The company operates through its manufacturing facility located in Noida, Uttar Pradesh, which is equipped with high-speed SMT lines for the assembly of printed circuit boards (PCBs). Sahasra also specializes in box build assembly, LED lighting, IT hardware, and memory products. The company has recently expanded its operations by acquiring Sahasra Semiconductor Private Limited, enhancing its capabilities in semiconductor manufacturing.
Financials of Sahasra Electronics Solutions
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹186.16 crores |
| Fresh Issue | ₹172.01 crores |
| Offer for sale | ₹ 14.15 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Capital expenditure | 65.97 (38.35%) |
| Investment in Subsidiary, Sahasra Semiconductors Private Limited | 22.93 (13.33%) |
| Funding working capital requirements | 40 (23.25%) |
| General corporate purposes | 43.12 (25.07%) |
Strengths
- Sahasra offers a wide range of ESDM solutions, from PCB assembly to box build and IT hardware.
- The company has state-of-the-art manufacturing facilities with modern, high-speed equipment, ensuring quality and efficiency.
- The company’s products are manufactured under strict quality control processes, earning the company EN 9100:2018 certification.
- The leadership and management team bring a wealth of industry experience, contributing to the company’s success.
Risks
- A significant portion of the company’s business comes from a few key customers, making it vulnerable to any changes in their purchasing patterns.
- As Sahasra exports a substantial portion of its products, fluctuations in foreign exchange rates could negatively impact profitability.
- The company operates in a highly competitive industry with many international and domestic players, which could affect market share and profitability.
- Global or domestic economic slowdowns, particularly in key export markets like the U.S., could adversely affect the company’s business and financial condition.