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Sahasra Electronic Solutions IPO
Sahasra Electronic Solutions Ltd
₹1,07,600 /400 sharesMinimum Investment
Sahasra Electronic Solutions IPO Listing Details
| Listed On | Issue Price | Listing Price | Listing Gains |
|---|---|---|---|
| -- | ₹283.00 | ₹537.70 | ₹254.70 (90.00%) |
Sahasra Electronic Solutions IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 26 Sep ‘24 - 30 Sep ‘24 | ₹1,07,600 | 400 | ₹269 - ₹283 |
| Issue Size | IPO Doc |
|---|---|
| 186.16Cr | RHP PDF |
Subscription rate
As of 30 Sep'24, 04:00 PM
| Qualified Institutional Buyers | 0.00x |
| Non-Institutional Investor | 0.00x |
| Retail Individual Investor | 0.00x |
| Total | 80.83x |
About Sahasra Electronic Solutions
Founded in
2023
Managing director
Mr. Amrit Lal Manwani
Parent organisation
Sahasra Electronic Solutions Ltd
Strengths & Financials of Sahasra Electronic Solutions
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.
Sahasra Electronic Solutions Financials
*All values are in Rs. Cr
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Application Details of Sahasra Electronic Solutions IPO
| Apply as | Price band | Apply upto |
|---|---|---|
| Regular | ₹269 - 283 | ₹2 - 5 Lakh |
| High Networth Individual | ₹269 - 283 | ₹2 - 5 Lakh |
For Sahasra Electronic Solutions IPO, eligible investors can apply as Regular.