Sahasra Electronics Solutions IPO

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26th – 30th Sep 2024
04 Oct 2024
₹269 – ₹283
Lot size 400 — ₹113200
186cr

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.