Sahasra Electronics Solutions IPO: If you are also considering investing in the possibility of an Initial Public Offering i.e. IPO there is an additional opportunity. This week, IPOs of many companies are opening for investment.
One of these is the IPO of electronics system design and manufacturing service provider Sahasra Electronic Solutions Ltd. This SME IPO is opening for investment on 26 September.
Investors can invest money in this issue of the company till 30 September. The price band is fixed at 283 rupees. This stock is available at a 64% premium in the gray market.
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The Second Largest Issue Of The SME Segment
Let us tell you that this IPO is worth Rs 186 crore. This is the second biggest government issue for the SME segment for the current year 2024 following KP Green Engineering (Rs 189.5 crore).
The company is based in Uttar Pradesh and hopes to raise 186.16 crore rupees through a public sale that will comprise 65.78 thousand equity shares in the upper price.
The IPO comprises an issuance comprising 60.78 lakh shares valued at 172 crore rupees, and an offer to sell 5 lakh shares valued at Rs 14.15 crore from the shareholder selling.
Promoter Amrit Lal Manwani, who has an 94.98 % share in the firm is the shareholder who sold his stake in the sale offer.
What Is Going On In The IPO?
According to report, the price band of Sahasra Electronic Solutions Ltd IPO has reached a premium of Rs 180. This means that the potential listing of the company’s shares can be at Rs 463.
That is, there can be a huge profit of about 64% on the very first day. We’ll tell you that the share of the company could be listed on the market on the 4th of October.
Quick Fact
| Company name | Sahasra Electronics Solutions |
|---|---|
| IPO open date | 26 September 2024 |
| IPO close date | 30 September 2024 |
| IPO price band | ₹283 |
| Total IPO size | ₹186 crore |
| Public offer shares | 65.78 thousand equity shares |
| New issuance shares | 60.78 lakh shares |
| New issuance value | ₹172 crore |
| Offer for sale shares | 5 lakh shares |
| Offer for sale value | ₹14.15 crore |
| Promoter’s current holding | 94.98% |
| Promoter name | Amrit Lal Manwani |
| Possible gray market premium | ₹180 |
| Possible listing price | ₹463 |
| Possible first-day profit | 64% |
| IPO listing date | 4 October 2024 |
| SME segment rank (size, 2024) | 2nd largest |
| Largest SME IPO in 2024 | KP Green Engineering |
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