Sahana Systems Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Sahana Systems

CMP

1,571.00

-19.50 (-1.23%)

₹135

Offer Price

₹ 32.74 Cr

Issue Size

₹ 1,35,000

Min Investment

1,000

Lot size

Time Line

  • 31
    May 2023
    Open
  • 02
    Jun 2023
    Close
  • 07
    Jun 2023
    Finalisation of Basis of Allotment
  • 08
    Jun 2023
    Initiation of Refunds
  • 09
    Jun 2023
    Transfer of Shares to Demat Account
  • 12
    Jun 2023
    Listing Date

Risks

  • One of the Objects of the issue is for installation of EV charging station in which promoter has no experience.

  • The company may be unable to procure confirmed order from New & Renewable Energy Development Corporation of Andhra Pradesh Limited (NREDCAP) for the purpose for which funds are being raised from this Issue.

  • The Secured Loan from Tamilnad Mercantile Bank Limited (TMB) is not transferred by the bank from partnership to the company name.

  • There are certain outstanding legal proceedings involving the Company, Promoter and Director, an adverse outcome of which may adversely affect its business, reputation and results of operations.

  • The company do not own the premises in which its registered office is located and the same is on leave and license arrangement. Any termination of such lease / license and / or non-renewal thereof could adversely affect its operations.

Financials

All values in Cr

Mar-2021 Mar-2022 Mar-2023 3-Yr trend
Revenue 3.31 (-47.30%) 12.17 (267.70%) 24.14 (98.40%)
Gross Profit 3.31 (-47.30%) 12.17 (267.70%) 24.14 (98.40%)
Net Income 3.31 (-47.30%) 12.17 (267.70%) 24.14 (98.40%)
Assets 3.31 (-47.30%) 12.17 (267.70%) 24.14 (98.40%)
Liabilities 3.31 (-47.30%) 12.17 (267.70%) 24.14 (98.40%)

Book Running Managers

  • Unistone Capital Pvt Ltd
  • Interactive Financial Services Ltd

Registrar & Transfer Agent

Purva Sharegistry (I) Pvt Ltd

9 ShivShakti Indl Es,
J R Boricha Marg,
Lower Parel - Mumbai - 400 011
Phone : 91-22-23010771/23018261 Fax: 91-22-23012517

Company Contact Information

901-A-Block Mondeal Square,
Nr Iscon Elegance SG Highway,
Ahmedabad - 380015
Phone : 91-79-46014490 Email : cs@sahanasystem.com www.sahanasystem.com

Offer Related Information

Initial public issue of 24,25,000* equity shares of face value of Rs. 10 each ("Equity Shares") of Sahana System Limited ("Company") for cash at a price of Rs. 135 per equity share (including a share premium of Rs. 125 per equity share) ("Issue Price") aggregating to Rs. 32.74 crores of which up to 1,25,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 135 per equity share including a share premium of Rs. 125 per equity share aggregating to Rs. 1.69 crores will be... More

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