Sahasra Electronics Solutions’ IPO is a book-built issue worth Rs 186.16 crores. The issue is a mix of a fresh offering of 60.78 lakh shares, raising Rs 172.01 crores, along with an offer for sale of 5 lakh shares, aggregating to Rs 14.15 crores.
The Sahasra Electronics Solutions IPO opens for subscription on September 26, 2024, and closes on September 30, 2024. The allotment of shares is expected to be finalized on Tuesday, October 1, 2024. The company is set to list on the NSE SME, with a tentative listing date scheduled for Friday, October 4, 2024.
Sahasra Electronics Solutions Limited operates in the Electronic System Design and Manufacturing (ESDM) sector. The company provides a range of services including Printed Circuit Board Assemblies (PCBAs), box build services for complete electronic product assembly, and LED lighting solutions. They cater to various industries such as automotive, medical, industrial, IT, and consumer electronics.
The price band for the Sahasra Electronics Solutions IPO is set between ₹269 and ₹283 per share. Investors are required to apply for a minimum lot size of 400 shares, with a minimum investment of ₹113,200 for retail investors. High-net-worth individuals (HNIs) need to invest in at least 2 lots (800 shares), which amounts to ₹226,400.
Hem Securities Limited is the book-running lead manager for the Sahasra Electronics Solutions IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Sahasra Electronics Solutions IPO Details:
| Company Name | Sahasra Electronics Solutions Limited |
| Sector | Electronic System Design and Manufacturing |
| IPO Type | SME |
| IPO Open date | 26th Sep 2024 |
| IPO Close date | 30th Sep 2024 |
| OFS | |
| Listing Exchanges | NSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Sahasra Electronics Solutions IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 400 | 1,13,200 |
| HNI (Min) | 2 | 800 | 2,26,400 |
Sahasra Electronics Solutions IPO Timeline:
| IPO Open Date | 26th Sep 2024 |
| IPO Close Date | 30th Sep 2024 |
| Basis of Allotment | 01st Oct 2024 |
| Refund Initiation Date | 03rd Oct 2024 |
| Shares Credit to Demat | 03rd Oct 2024 |
| Listing Date | 04th Oct 2024 |
Things to Consider before applying for an IPO
Financial Performance: Review Sahasra Electronics Solutions’ financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Electronic System Design and Manufacturing Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Sahasra Electronics Solutions and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
