Sahasra Electronics Solutions had an impressive debut in the stock market on Friday, October 4, listing at ₹537.70 on the NSE SME, which is a 90% increase from its issue price of ₹283. The company’s initial public offering (IPO), valued at ₹186.16 crore, was open for subscription from September 26 to September 30, with shares priced between ₹269 and ₹283 each.
The IPO included a fresh issue of 60.78 lakh shares worth ₹172.01 crore, along with an offer for sale of 5 lakh shares totaling ₹14.15 crore. It received an overwhelming response, being oversubscribed by 122 times overall. The non-institutional investor (NII) segment saw a massive oversubscription of 260 times, while the retail portion was oversubscribed 74.85 times. The qualified institutional buyer (QIB) portion was booked 100.80 times.
Sahasra Electronics plans to use the funds raised from the IPO for several important purposes. This includes financing capital expenditures for new machinery at a manufacturing facility in Bhiwadi, Rajasthan. Some funds will also be invested in its subsidiary, Sahasra Semiconductors Private Limited, to support its own capital needs. Additionally, the money will help with working capital and general corporate expenses.
About Sahasra Electronics Solutions
Sahasra Electronics specializes in electronics system design and manufacturing (ESDM) solutions. Its product range includes printed circuit board (PCB) assembly, box build services, LED lighting, memory components, IT accessories, and computer hardware.
In fiscal year 2024, over 80% of the company’s products were exported to international markets, including the United States, Rwanda, Tunisia, the United Kingdom, Germany, Canada, Austria, and Belgium.
The company has successfully grown its customer base, expanding from around 20 customers in fiscal 2022 to about 40 customers in fiscal 2024. It has built a diverse clientele across various industries, including railways, aerospace, marine, automotive, healthcare, and IT hardware, helping to reduce reliance on any single customer.
