Sahasra Electronic Solutions IPO

Issue period

Opens On: 26 Sep 2024

Closes On: 30 Sep 2024

Price band

₹ 269 to 283 per equity share

Bid lot

400 shares and in multiples thereof

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More about the IPO

Issue size	Rs. 186.16 Cr
Price band	Rs. 269 to 283 per equity share
Bid lot	400 shares and in multiples thereof
Issue break-up	QIB - Rs. 88.40 Cr
	HNI - Rs. 26.53 Cr
	RET - Rs. 61.90 Cr
Registrar	Bigshare Services Pvt. Ltd.
Listing at	BSE

Company Details

Sahasra Electronic Solutions Ltd is an EN 9100:2018 (equivalent to AS 9100D and JISQ 9100:2016, including ISO 9001:2015) certified company, which is engaged in the business of providing solutions towards electronics system design and manufacturing (“ESDM”) services.

They provide product and solutions right from printed circuit board (“PCB”) assembly, Box Build, LED lighting. Memory, IT accessories, computer and IT hardware. They have made export of over 80% of their products and solutions during the FY 2024 to certain global manufacturers located in countries like United States of America, Rwanda, Tunisia, United Kingdom, Germany, Canada, Austria & Belgium. Further, they have during the FY 2024-25, acquired controlling stake in Sahasra Semiconductor Private Limited, which became the subsidiary of their company, having a Semiconductor Packaging Facility at Bhiwadi, Rajasthan which is engaged in the manufacturing of electronic components like integrated circuits, chips, semiconductor devices, eMMC, mSD, COBs, COB based USBs, LED drivers IC, BGA, NAND flash & memory products. Also, they sell their LED lighting solutions to Sahasra Electronics Rwanda Private Limited, which is a subsidiary of their group company Sahasra Electronics Private Limited, which further sell these LED lighting solutions to countries like Rwanda etc.

They operate through their manufacturing facility situated at 68AA, NSEZ, Noida, Uttar Pradesh, which is located in a Special Economic Zone. Their manufacturing facilities include engineered layout with process controls and necessary automations for quality and productivity. This allows us to keep their core competencies within their Company, allowing us to ensure strict quality control and safety at each step of their manufacturing process. Their manufacturing facilities comprises of ftheir SMT lines equipped with machines including RMTS high speed clip machine, surface mount technology (“SMT”) machines, lead free wave soldering machine, PCBA router, high speed compact modular mounter, reflow oven and surface cleaning machines. Additionally, they have also installed quality inspection machines such as high speed PWB inspection, PWB Visual inspection and X-Ray inspection machines to ensure the high standards of product quality. Their manufacturing facility is staffed with a workforce of approximately 160 employees, as of March 31, 2024 which includes a team of around 35 engineers dedicated to enhancing their operational efficiency.

They have developed long relationships with certain of their customers through a client servicing model which aims to provide integrated solutions, robust manufacturing capabilities and delivering quality products on time. For better quality and customer satisfaction they entrench with the customers from the conception of their product, and subsequently move up the value chain with them by leveraging their integrated offerings. In addition to maintaining their relationships with existing customers, they have increased their key customer base over time from around 20 customers in Fiscal 2022, 21 customers in Fiscal 2023 to around 40 customers in Fiscal 2024.

Log in to the Mirae Asset Sharekhan appMirae Asset Sharekhan app opens in a new tab/window and tap the hamburger menu.
Under the EQUITY dropdown option, tap IPO/OFS/BOND to land on the IPO dashboard.
Click on the Current IPO tab and select the IPO of your choice.
On the IPO application form that opens, fill in details like the Demat Account Number, Category of investor, number of lots you wish to invest in, the Cut-Off Price and others.
Now enter your UPI ID (make sure this UPI ID is connected to your Mirae Asset Sharekhan-mapped bank account) on the form.
Read and accept the Terms & Conditions and click on the SUBMIT button. Recheck the details on the order confirmation screen and confirm the order.
Once the exchange receives details about your bid, you will get a notification (IPO mandate request) on your UPI app and an SMS as well.
Log in to your UPI app and go to the pending mandates section.
Verify all the details once again and authenticate your bid amount by entering your UPI PIN.
Once done, the IPO application amount will be blocked and you will receive an SMS about the blocked Bid amount.

Note: The actual amount will be debited when the shares are allotted to you.

How to apply for an IPO on the Mirae Asset Sharekhan app

How to apply for an IPO on the Mirae Asset Sharekhan website

Log in to the Mirae Asset Sharekhan websiteMirae Asset Sharekhan website opens in a new tab/window and click the IPO & OTHERS menu option you see on the top-right.
From the list of Active IPOs, select the IPO of your choice
On the IPO application form that opens, fill in details like the Demat Account Number, Category of investor, number of lots you wish to invest in, the Cut-Off Price and others.
Now enter your UPI ID (make sure this UPI ID is connected to your Mirae Asset Sharekhan-mapped bank account) on the form. Read and accept the Terms & Conditions and click on the SUBMIT button.
Recheck the details on the order confirmation screen and confirm the order.
Once the exchange receives details about your bid, you will get a notification (IPO mandate request) on your UPI app and an SMS as well. Log in to your UPI app and go to the pending mandates section.
Verify all the details once again and authenticate your bid amount by entering your UPI PIN.
Once done, the IPO application amount will be blocked and you will receive an SMS about the blocked Bid amount.
Your IPO order will now appear on your Mirae Asset Sharekhan Order Book, from where you can modify or cancel your IPO bid if you so wish.

Note: The actual amount will be debited when the shares are allotted to you.

How does an IPO work?

An IPO offers share market participants like you and me an opportunity to be a shareholder in an erstwhile privately held company that is now going public and being listed on the market. Historically speaking, investors who choose the right IPOs make significant returns on their investments, which increases the attraction of IPOs.

Once you are a shareholder, you are eligible to receive dividends from the company proportional to the shares you own. You can also sell your stocks for profit on the stock exchange.

In exchange for its shares, the company has an opportunity to raise huge capital to be used to further enhance its business and scale up its operations. The company also has other benefits, such as credibility; visibility; better leverage to effect mergers, acquisitions and even to procure loans at lower rates of interest.

In India, the entire IPO process is ably regulated by the Securities & Exchange Board of India (SEBI), right from the IPO filing by the company to the bidding, allotments and refunds (in case you aren't allotted shares due to oversubscription).

IPO Calendar

List of IPOs

Sahasra Electronic Solutions Ltd.

Price: 269 - 283 | IPO Lot Size: 400 | IPO Issue Size: NA
Open Date: 26 Sep 2024 | Close Date: 30 Sep 2024

Sahasra Electronic Solutions IPO

Issue period

Price band

Bid lot

More about the IPO

Company Details

How to apply for an IPO on the Mirae Asset Sharekhan app

How to apply for an IPO on the Mirae Asset Sharekhan website

How does an IPO work?

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