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Sahasra Electronic Solutions IPO
Sahasra Electronic Solutions Ltd
₹1,07,600 /400 sharesMinimum investment
IPO details
Minimum investment
₹1,07,600
Price range
₹269 - ₹283
Lot size
400
Issue size
186.16 Cr
Face value
10
IPO document
Subscription rate
Qualified Institutional Buyers0.00x
Non-Institutional Investor0.00x
Retail Individual Investor0.00x
Total80.83x
As of 30 Sep'24, 04:00 PM
Schedule
26 Sep 2024
IPO open date
30 Sep 2024
IPO close date
1 Oct 2024
Allotment date
1 Oct 2024
Funds unblock or debit
4 Oct 2024
Tentative listing date
About
Founded in
2023
MD/CEO
Mr. Amrit Lal Manwani
Parent organisation
Sahasra Electronic Solutions Ltd
Sahasra Electronic Solutions Financials
Revenue
Total Assets
Profit
All values are in ₹ Cr
Strengths & Risks
Strengths
Risks
Sahasra Electronic Solutions is EN 9100:2018 certified for quality management systems. This certificate is equivalent to AS 9100D and JISQ 9100:2016, including ISO 9001:2015.
The company’s manufacturing facilities include four surface mount technology (SMT) lines. It claims to have advanced machinery, including Resilient Modulus Testing System (RMTS) high-speed clip machines, SMT machines, lead-free wave soldering machines, PCBA routers, high-speed compact modular mounters, reflow ovens, and surface cleaning machines.
To maintain high product quality, the company claims to have installed quality inspection equipment like high-speed Printed Wiring Boards (PWB) inspection machines, PWB visual inspection tools, and X-ray inspection machines.
Sahasra Electronic Solutions claims to have implemented an ERP platform at the manufacturing facility to ensure adherence to customer-specified quality standards and requirements.
A major portion of the company's revenue comes from its key customers. The top 10 customers contributed 95.78%, 89.15%, and 99.74% in FY24, FY23, and FY22, respectively, to the revenue from operations. Any loss of or failure to retain these customers can adversely affect the company's operations and finances.
PCBA sales are responsible for a major part of the company’s revenue generation. It contributed 87.18%, 97.24%, and 75.00% in FY24, FY23, and FY22 to total revenue. Any failure to maintain the quality of this product, which could potentially cause a decline in demand, could be detrimental to the company’s financial performance.
Exports contributed Rs 85.04 crore (83.57%), Rs 68.03 crore (98.46%), and Rs 20.38 crore (93.93%) in FY24, FY23, and FY22, respectively, to revenue from operations. Any adverse changes in the global ESDM industry or economic conditions in the regions where Sahasra exports its products can negatively impact the company’s business operations and finances.
The company relies entirely on its manufacturing facility. Any disruption at this unit could hurt the facility’s production, in turn affecting the company’s operations and financial standing.
The company is involved in some legal proceedings. Any adverse judgments in any of these cases can be detrimental to the company’s business prospects.
As of March 31, 2024, the company had secured loans of Rs 21.72 crore. Any inability to service or repay these loans can hurt the company’s financial standing.
Application details
For Sahasra Electronic Solutions IPO, eligible investors can apply as Regular.
| Apply as | Price band | Apply range | Lot size |
|---|---|---|---|
| Regular | ₹269 - ₹283 | ₹2 - ₹5 Lakhs | 400 |
| High Networth Individual | ₹269 - ₹283 | ₹2 - ₹5 Lakhs | 400 |