Sahasra Electronics IPO subscription status started on September 26, 2024, and closed on September 30, 2024. The company aims to raise approximately ₹25.56 crore via this IPO. The retail quota is 35%, and QBI is 50%. The price band is ₹269 to ₹283 per equity share.
The IPO consists of a minimum market lot of 400 Shares requiring an application amount of ₹113,200. Sahasra Electronics is an SME IPO that will be listed on the NSE.
Also read: Sahasra Electronics Solutions IPO: Dates, Pricing, Allotment 2024
Table of contents
About Company
Sahasra Electronics is a prominent company in Uttar Pradesh, certified with EN 9100:2018 (equivalent to AS9100D and JISQ 9100:2016, including ISO 9001:2015). The company focuses on electronics system design and manufacturing (ESDM) services at its facility located at 68AA, NSEZ, Nepz Post Office, Gautam Buddha Nagar, Noida, Uttar Pradesh – 201305. This plant boasts four high-speed SMT lines with a total capacity of around 1,800,000 units.
Sahasra Electronics offers a range of products and solutions, including printed circuit board (PCB) assembly, box build, and LED lighting. Notably, over 80% of its products were exported in FY 2024 to countries such as the United States, Rwanda, Tunisia, the United Kingdom, Germany, Canada, Austria, and Belgium.
Additionally, The company has successfully completed a three-year agreement for the design and marketing of hardware and software products, including laptops and tablets. Additionally, it has fostered strong relationships with clients through a dedicated service model aimed at providing quick solutions. Moreover, As a result of its commitment and adaptability, Sahasra Electronics has expanded its customer base from around 20 clients in Fiscal 2022 to approximately 40 clients in Fiscal 2024, attracting significant attention from customers seeking reliable partners.
IPOGMP.IN View
Moreover, We strongly recommend that investors apply for the IPO with a long-term outlook. Moreover, it is important to review the QIB, NII, and retail subscription figures before making an investment decision.
Sahasra Electronics IPO Subscription Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 6.38 | 8.60 | 100.80 |
| NII | 2.70 | 12.95 | 260.46 |
| RII | 5.34 | 17.42 | 74.85 |
| Total | 5.07 | 13.94 | 122.06 |
Sahasra Electronics IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
IPOGMP.IN Review for Sahasra Electronics
- May Apply
Sahasra Electronics IPO Form
To apply for the Sahasra Electronics IPO, use ASBA via your bank’s online portal or download and submit IPO forms through your bank or broker.
FAQs
Additionally, The IPO subscription begins on September 26, 2024, for QIB, NII, and retail investors.
To subscribe, you can opt for either ASBA or non-ASBA. Moreover, You can apply online through your bank or alternatively, submit the form to your broker.
For live updates, visit our portal or check the official IPO page, where we provide hourly subscription numbers.
Firstly, log in to Zerodha, then go to Portfolio, select the “Sahasra Electronics” IPO, and submit your bid. Afterward, approve via your UPI app.
Firstly, Log in to Upstox, then select the “Sahasra Electronics” IPO, submit your bid, and finally, approve the mandate through your UPI app.
Follow IPOGMP.IN for Upcoming IPO news and IPO GMP. Connect with us on Twitter, Facebook, and Instagram.
