IPO > IPO details

< Back

Sahasra Electronic Solutions Limited

SME

Issue Price

₹ 269-₹ 283

per equity share

Issue Size

47.04 lakhs

equity share

Face Value

₹ 10

per equity share

Market Lot

400

equity share

Please note

Listing at NSE

Sahasra Electronic Solutions Limited

Important Dates

IPO Open Date

26 Sep 2024

IPO Close Date

30 Sep 2024

Allotment Date

01 Oct 2024

Initiation of Refunds

03 Oct 2024

Credit of Shares to Demat Account

03 Oct 2024

IPO Listing Date

04 Oct 2024

UPI Mandate Expiry Date

30 Sep 2024

IPO Details

Sahasra Electronics Solutions is open for subscription from Thursday, September 26, 2024, and closes on Monday, September 30, 2024. The price band for this IPO is set at Rs 269 – Rs 283 per share. Sahasra Electronics Solutions' IPO is offering a fresh issue of 65.78 lakh equity shares worth up to Rs 186.16 crore. The allotment for this new IPO is expected to be finalised on Tuesday, October 1, 2024. The listing of this IPO will be done on Friday, October 4, 2024, at the NSE SME segment. The minimum lot size set for the retail category is 1 lot, i.e., 400 shares. For retail investors, the minimum and maximum investment amount required is Rs 113,200. However, for the HNI category, the minimum lot size is 2 lots, i.e., 800 shares amounting to Rs 226,400. The IPO is managed by Hem Securities Limited, which is the book-running lead manager of this public issue. The company has appointed Bigshare Services Private Limited as the registrar for the issue.

Seize the deal, apply for IPO today!

Apply for IPO

About Sahasra Electronic Solutions Limited

Sahasra Electronic Solutions Limited was also launched in February 2023. It is an ESDM company located in Noida. The prime product lines include printed circuit board assembly, box build services, and LED lighting solutions. They deliver high-quality electronic components and assemblies to the automotive, medical, IT, and consumer product industries. Sahasra, in FY 2024, exported more than 80% of its products worldwide to producers at destinations such as the United States, United Kingdom, Germany, and Rwanda. Its Noida plant facility is certified as per EN 9100:2018 with a production volume of 1.8 million, thereby ensuring it ensures efficient delivery of services. Its strong edge comes in the form of customer relationships, tax benefits from its special economic zone, and management acumen-all these elements make it a reliable player in the global electronic manufacturing landscape.

Parent Organisation

-

Founded

2023

Managing Director

Amrit Lal Manwani, Arunima Manwani and Varun Manwani

IPO Objectives

The proceeds of the Fresh Issue following Offer-related expense adjustments would be applied to the following purposes: capital expansion for establishing a new plant and machinery at a new manufacturing facility at Bhiwadi, Rajasthan; venture capital investment in the subsidiary, Sahasra Semiconductors Private Limited for its capital expansion through additional plant and machinery; financing working-capital requirements; and for general corporate purposes.

How to apply for IPO

  • Login to your Bigul account and select the issue in the current IPO section
  • Enter the number of lots and price at which you wish to apply for
  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
  • You will receive a mandate notification to block funds in your UPI app
  • Approve the mandate request on your UPI and funds will be blocked
Close

Let's Open Free Demat Account