Sahasra Electronics IPO Allotment Today: How to Check Status Online as IPO Oversubscribed 122x

The Sahasra Electronics IPO allotment is likely to be finalized today. Investors can check their allotment status through the official registrar, Bigshare Services, or on the NSE website. The IPO, open from September 26 to September 30, received a strong response, oversubscribed by 122 times.

The non-institutional investor (NII) segment was oversubscribed 260.46 times, the retail portion by 74.85 times, and the Qualified Institutional Buyers (QIB) portion by 100.80 times. The IPO price range was between ₹269 and ₹283 per share.

Due to the high demand, retail investors will receive shares on a proportional basis. For those who don’t get an allotment, refunds will start on October 3, 2024.

Once the allotment is done, shares will be credited to investors’ demat accounts, and the Sahasra Electronics IPO is expected to list on the NSE SME platform on October 4, 2024.

The funds raised will be used for several purposes, including buying machinery for a new manufacturing facility in Bhiwadi, Rajasthan. Some of the money will also be invested in Sahasra Semiconductors Private Limited, the company’s subsidiary, for more machinery, and to cover working capital and general corporate expenses.

How to Check Sahasra Electronics IPO Allotment Status Online:

To check your allotment status on Bigshare Services:

1. Visit Bigshare Services’ website: Bigshare Allotment Link.
2. Choose one of the servers provided on the site.
3. Select “Sahasra Electronics” from the dropdown list.
4. Enter either your application number, demat account number, or PAN number.
5. Complete the captcha code, click “Search,” and check your allotment status.

To check on the NSE website:

1. Go to the NSE IPO allotment page: NSE Allotment Page.
2. Log in with your credentials.
3. Select “Sahasra Electronics” and enter your PAN and application details, then click “Submit.”

About Sahasra Electronics:

Sahasra Electronics is a company that provides electronics system design and manufacturing (ESDM) solutions. Their services include printed circuit board (PCB) assembly, LED lighting, memory components, IT accessories, and more.

In the fiscal year 2024, Sahasra Electronics exported over 80% of its products to countries such as the United States, Rwanda, Tunisia, the UK, Germany, Canada, Austria, and Belgium. The company has expanded its customer base from around 20 clients in 2022 to nearly 40 in 2024, working across industries like railways, aerospace, automotive, healthcare, and IT hardware.