Sahasra Electronics Solutions Ltd subscribed 5x on first day. Check the rising GMP here
Sahasra Electronic Solutions Ltd is an Electronic System Design and Manufacturing (ESDM) company based in Noida. Sahasra Electronics Solutions Ltd offer services such as electronic system design and manufacturing, including printed circuit board (PCB) assembly, box builds, and LED lighting, along with memory, IT accessories, and computer hardware.
In FY 2024, over 80% of the company’s products were exported to global manufacturers in countries like the USA, Rwanda, Tunisia, the UK, Germany, Canada, Austria, and Belgium.
The company’s product portfolio includes:
1. Printed Circuit Board Assemblies (PCBAs): Used in various industries such as automotive, medical, industrial, IT, and consumer products. This category includes box-build products like laptops and tablets.
2. LED Lighting Solutions.
3. Computer and IT Accessories.
Sahasra Electronics Solutions Ltd Other Details
| Event/Detail | Date/Information |
|---|---|
| Open Date | 26 Sep, 2024 |
| Close Date | 30 Sep, 2024 |
| Allotment Date | 01 Oct, 2024 |
| Listing Date | 04 Oct, 2024 |
| Issue Price | ₹269-283 per equity share |
| Face Value | ₹10 Per Equity Share |
| Listing at Group | NSE SME |
| Registrar | Bigshare Services Pvt Ltd |
| Market Lot | 400 Shares (₹113,200/-) |
| Issue Size | 6,578,000 shares (aggregating up to ₹186.16 Cr) |
| Retail Portion | 35% |
| Metric | Value |
|---|---|
| EPS Pre-IPO | ₹17.25 |
| EPS Post-IPO | ₹12.80 |
| P/E Pre-IPO | 16.41 |
| P/E Post-IPO | 22.11 |
Sahasra Electronics Solutions Ltd Financials
| Item | 31-Mar-24 (₹ Lakh) | 31-Mar-23 (₹ Lakh) |
|---|
| Assets | 10,804.36 | 4,820.23 |
| Revenue | 10,278.79 | 1,063.91 |
| Profit After Tax | 3,262.77 | 230.55 |
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Sahasra Electronics Solutions Ltd GMP Today
The current GMP of the company is around Rs.170-190 which is around 60% of the Issue price . It is expected that investors can get a profit of 60% per lot if the stock lists at such GMP price.
Note: The GMP fluctuates on the basis of market demand.
Company Promoters
- Amrit Lal Manwani
- Arunima Manwani
- Varun Manwani
Issue Objectives
| Purpose |
|---|
| Funding capital expenditure for installing additional plant and machinery at a new manufacturing facility in Bhiwadi, Rajasthan. |
| Investment in Sahasra Semiconductors Private Limited to finance its capital expenditure for additional plant and machinery. |
| To meet working capital requirements. |
| General corporate purposes. |
Disclaimer:
The recommendations made above are by market analysts and are not advised by either the author, nor FinTrend 24. The author, nor the brokerage firm nor FinTrend 24 would be liable for any losses caused as a result of decisions based on this write-up. FinTrend 24 advises users to consult with certified experts before making any investment decision.