Sahasra Electronic Solutions Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Sahasra Electro.

CMP

764.25

+9.45 (1.25%)

  • DRHP
₹283

Offer Price

₹ 186.16 Cr

Issue Size

₹ 1,13,200

Min Investment

400

Lot size

Time Line

  • 26
    Sep 2024
    Open
  • 30
    Sep 2024
    Close
  • 01
    Oct 2024
    Finalisation of Basis of Allotment
  • 03
    Oct 2024
    Initiation of Refunds
  • 03
    Oct 2024
    Transfer of Shares to Demat Account
  • 04
    Oct 2024
    Listing Date

Objects of the Offer

  • Diversification of our product range.

  • Pursue inorganic growth through acquisitions.

  • Increase our geographical reach and expand our customer base.

  • Invest in expanding our technological capabilities and manufacturing capacities.

Strengths

  • Dedicated solutions for ESDM services.

  • Established relationships with customers across various countries.

  • Established manufacturing capabilities.

  • Quality Assurance.

  • Experienced Promoters, management and operating team.

Risks

  • The company business is dependent on the sale of its products to certain key customers which also includes some of its Group Companies. The loss of any of these customers or loss of revenue from sales to these customers could have a material adverse effect on its business, financial condition, results of operations and cash flows.

  • The company is significantly dependent on revenue from sale of PCBA. Any inability to anticipate or adapt to evolving up gradation of the required products or inability to ensure product quality or reduction in the demand of these products may adversely impact its revenue from operations and growth prospects.

  • The company has been recently incorporated and has taken-over the running business of M/s Sahasra Electronic Solutions, thus the company has limited operating history as a Company which may make it difficult for investors to evaluate its historical performance or future prospects.

  • Inventories and trade receivables form a major part of its current assets. Failures to manage the company inventory and trade receivables could have an adverse effect on its sales, profitability, cash flow and liquidity.

  • Any delay, interruption or reduction in the supply of raw materials required to manufacture its products may adversely affect the company`s business, results of operations, cash flows and financial condition.

Company Promoters

Promoters Holding

Issue For IPO
25.10%
Pre Holding

95.00%

Post Holding

69.90%

Top Promoters Holding

Financials

All values in Cr

Mar-2023 Mar-2024
Revenue 10.45 (-) 101.76 (873.80%)
Gross Profit 2.59 (-) 36.23 (1,298.80%)
Net Income 2.31 (-) 32.63 (1,312.60%)
Assets 27.43 (-) 82.40 (200.40%)
Liabilities 7.15 (-) 22.09 (209.00%)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Sahasra Electronic Solutions Ltd 101.76 32.63 82.40 22.09 54.09 0.00 31.89 3.07 0.26
Kaynes Technology India Ltd 1,804.62 183.29 3,265.18 3,265.18 7.37 30.63 389.32 5.61 0.12
Trident Techlabs Ltd 72.62 9.37 98.84 98.84 20.11 5.52 26.95 9.47 0.41

Book Running Managers

  • Hem Securities Ltd

Registrar & Transfer Agent

Bigshare Services Pvt Ltd

Office No 56-2,
Pinnacle Busine.Park,
Mahakali Caves Road - Mumbai - 400093
Phone : 91-22-62638200 Fax: 91-22-63638299

Company Contact Information

#.33 Pocket 1 Jasola Vihar New,
-Friends Colony South Delhi,
New Delhi - 110025
Phone : +91-120-4202 604 Email : cs@sahasraelectronics.com www.seslimited.in

Offer Related Information

Initial public offer of upto 65,78,000 equity shares of face value of Rs. 10/- each (the "Equity Shares") of Sahasra Electronic Solutions Limited ("The Company" or "SESL" or "The Offer") at an offer price of Rs. 283 per equity share for cash, aggregating up to Rs. 186.16 crores ("Public Offer") comprising of a fresh issue of upto 60,78,000 equity shares aggregating to Rs. 172.01 crores (the "Fresh Issue") and an offer for sale of upto 5,00,000 equity shares by the selling shareholder... More

Sahasra Electro. FAQ's

The shares of Sahasra Electro. were first listed on the stock exchanges on June 26, 2024.

The total issue size of the Sahasra Electro. IPO was 1,10,00,000 shares, amounting to Rs. 132 crore. they

The minimum lot size for Sahasra Electro. public issue was 125 shares.

The price band of the IPO of Sahasra Electro. was Rs. 114 to Rs. 120 per equity share.

Sahasra Electro. IPO is a public issue through which the company raised approximately Rs. 132 crore by issuing around 1.1 crore equity shares to the public. After a successful IPO, the company’s shares are currently listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), where they are freely traded without restrictions.

Bigshare Services Private Limited is the registrar and share transfer agent of Sahasra Electro. IPO.

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