Incorporated in February 2023, Sahasra Electronic Solutions Limited is an Electronic System Design and Manufacturing company that provides electronic system design and manufacturing (“ESDM”) services at its Noida plant.
The company provides products and solutions such as printed circuit board (“PCB”) assembly, Box Build, and LED lighting. Memory, IT accessories, computer and IT hardware.
During FY 2024, the company exported over 80% of its products and solutions to global manufacturers in countries such as the United States of America, Rwanda, Tunisia, the United Kingdom, Germany, Canada, Austria, and Belgium.
The company has a manufacturing capacity of 1.8 million units through its EN 9100:2018 certified plant in Noida.
The product portfolio of the company includes:
1. Printed circuit board assemblies (PCBAs): The company’s PCBAs are utilized in products manufactured in the automotive, medical, industrial, IT, and consumer products industries. This includes box-build products such as laptops and tablets.
2. LED lighting solutions include the LED chip, power supply, printed circuit board, and housing.
3.Computer and IT accessoriesinclude motherboards, DRAM modules, solid-state drives (SSD), USB drives, and other memory products and accessories.
The company is certified under 9100:2018 (equivalent to AS 9100D and JISQ 9100:2016, including ISO 9001:2015) for Quality Management Systems for manufacturing PCB assemblies.
Competitive Strengths
As of March 2024, the company had 160 permanent employees
Sahasra Electronics Solutions Limited’s revenue increased by 866% and profit after tax (PAT) rose by 1315% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | ||||||||||||||||||
| Assets | 10,804.36 | 4,820.23 | ||||||||||||||||||
| Revenue | 10,278.79 | 1,063.91 | ||||||||||||||||||
| Profit After Tax | 3,262.77 | 230.55 | ||||||||||||||||||
| Net Worth | 6,031.69 | 2,027.5 | ||||||||||||||||||
| Reserves and Surplus | 4,140.21 | 230.55 | ||||||||||||||||||
| Total Borrowing | 2,171.89 | 689.84 | ||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||
The market capitalization of Sahasra Electronics Solutions IPO is Rs 707.3 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 54.09% |
| ROCE | 42.50% |
| Debt/Equity | 0.36 |
| RoNW | 54.09% |
| PAT Margin (%) | 32.26 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 17.25 | 13.05 |
| P/E (x) | 16.41 | 21.68 |
The company proposes to utilize the funds which are being raised through the Fresh Issue after deducting the Offer related expenses to the extent payable by the company concerning the Fresh Issue, towards funding the following objects:
| IPO Date | September 26, 2024 to September 30, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹269 to ₹283 per share |
| Lot Size | 400 Shares |
| Total Issue Size | 6,578,000 shares (aggregating up to ₹186.16 Cr) |
| Fresh Issue | 6,078,000 shares (aggregating up to ₹172.01 Cr) |
| Offer for Sale | 500,000 shares of ₹10 (aggregating up to ₹14.15 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 18,914,763 |
| Share holding post issue | 24,992,763 |
| Market Maker portion | 329,000 shares |
The promoters of the company areAmrit Lal Manwani, Arunima Manwani and Varun Manwani
| Share Holding Pre Issue | 95.00% |
| Share Holding Post Issue | 69.90% |
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