Sahasra Electronics IPO Allotment Finalised Soon! Check Status, GMP, and Key Listing Details Now
The IPO allotment for Sahasra Electronics Solutions is expected to be finalised on Tuesday, following strong demand during the offering. Investors who applied for shares can check their allotment status by visiting the official registrar’s website, Link Intime India.
Here’s a simple guide to check the allotment status:
- Go to the IPO Allotment Status page on Bigshare Services at https://ipo.bigshareonline.com/IPO_Status.html.
- Choose the IPO from the dropdown menu.
- Enter your application number, complete the captcha, and click ‘Submit’.
Alternatively, investors can check the status on the NSE website:
- Visit the NSE website.
- Select the company’s name (Sahasra Electronics) from the dropdown menu.
- Enter either your application number or PAN number to view the allotment status.
Sahasra Electronics GMP
In the grey market, Sahasra Electronics shares are trading at a premium of ₹200. If the trend continues, the shares are likely to debut with around 70% gains on October 4. The company had priced its IPO at ₹283 per share at the upper end.
The SME IPO, worth ₹186 crore, was very well-received, being subscribed 122 times. It includes a fresh equity sale of ₹172 crore and an offer for sale of 5 lakh shares.
IPO Funds Utilisation
Sahasra Electronics plans to use the money raised from the IPO for:
- Setting up more plant and machinery at a new facility in Rajasthan.
- Investing in its subsidiary, Sahasra Semiconductors, to finance its expansion.
- Meeting working capital needs and general corporate purposes.
About the Company
Sahasra Electronics Solutions is a provider of products and solutions like printed circuit board (PCB) assembly, box build, and LED lighting. In FY24, the company exported over 80% of its products to countries like the US, UK, Germany, Canada, and others.
For the financial year ending in March 2024, Sahasra Electronics had revenue of ₹101.15 crore and a profit of ₹32.63 crore.
Hem Securities is the lead manager for this IPO, and Bigshare Services is the registrar.
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