Sahasra Electronics Solutions IPO Allotment: Key Details and Ipo gmp Stand at 200 (70.67%)

Sahasra Electronics Solutions IPO Allotment IPO Allotment is set to finalize for it shares on Tuesday, following a robust response from investors. Currently, the company’s shares are trading at a premium of Rs 200 in the unlisted market. If this trend persists, the shares are projected to list with a remarkable 70% gain on October 4, with the IPO priced at Rs 283 at its upper limit.

How to Check IPO Allotment Status

Investors can easily check the status of the Sahasra Electronics Solutions IPO allotment by visiting the official website of the registrar, Link Intime India. Here’s a step-by-step guide to check the allotment status:

1. Visit the IPO Allotment Status page on Bigshare Services.
2. Select “IPO” from the dropdown menu.
3. Enter your application number, complete the captcha, and click “Submit.”

Alternatively, the IPO allotment status can also be checked through the NSE website:

1. Visit the NSE website.
2. Select the issue name (Sahasra Electronics Solutions) from the dropdown menu.
3. Enter your application number or PAN number to check the allotment status.

Sahasra Electronics GMP

As mentioned earlier, Sahasra Electronics Solutions’ shares are currently trading at a premium of Rs 200 in the unlisted market. If the trend continues, the company’s shares are expected to debut with a 70% gain on October 4, with the IPO priced at Rs 283 at the upper end.

Subscription Details

The SME IPO of Sahasra Electronics Solutions, valued at Rs 186 crore, was heavily subscribed, with an impressive 122 times subscription at close, driven by strong demand across various investor categories. The IPO comprises a fresh equity sale of Rs 172 crore and an offer for sale of 5 lakh shares.

Utilization of IPO Proceeds

The proceeds from the IPO are intended for several key purposes, including funding capital expenditures for installing additional plant and machinery at a new manufacturing facility in Rajasthan, investing in its subsidiary, Sahasra Semiconductors, to support its capital expenditure needs, and addressing working capital requirements along with general corporate purposes.

Company Overview

Sahasra Electronics Solutions specializes in products and services such as printed circuit board (PCB) assembly, box build, and LED lighting solutions. In FY24, the company exported over 80% of its products to global manufacturers in various countries, including the USA, Rwanda, Tunisia, the UK, Germany, Canada, Austria, and Belgium. For the financial year ending March 2024, Sahasra reported revenue from operations of Rs 101.15 crore and a profit after tax (PAT) of Rs 32.63 crore.

Key Contacts

Hem Securities serves as the book running lead manager for the IPO, while Bigshare Services acts as the registrar.