Sahasra Electronics Solutions Limited IPO

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The company is specializing in Electronics System Design and Manufacturing (ESDM) services. Their state-of-the-art manufacturing facility is equipped with four high-speed Surface Mount Technology (SMT) lines, with a total production capacity of 1.8 million units. They provide comprehensive solutions ranging from PCB assembly to Box Build, LED lighting, memory products, and IT hardware, and have achieved an export share of over 80% of their products in FY 2024, serving clients in countries like the United States, United Kingdom, Germany, Rwanda, Tunisia, and others.

Core Product Portfolio

i. Printed Circuit Board Assemblies (PCBA)              ii. LED Lighting Solutions
iii. Memory Products                                                          iv. IT Hardware

Client Relationships and Growth Strategy

Over the years, we have built strong and long-lasting relationships with key clients. Their client servicing model is based on providing integrated solutions, ensuring on-time delivery, and maintaining a high level of product quality. This commitment to quality and customer satisfaction has helped them grow their client base from 20 customers in FY 2022 to around 40 customers in FY 2024.

They engage with customers early in their product development cycle and assist them throughout the process, ensuring that they meet their evolving requirements. By leveraging their manufacturing expertise and integrated services, they have been able to move up the value chain with many of their clients, offering tailored solutions to meet specific needs.

Global Footprint and Export Market

Their company is a global player in the ESDM sector, with exports constituting over 80% of their sales. They cater to some of the leading global manufacturers across North America, Europe, and Africa, and their products meet international standards. Their LED lighting solutions, for instance, are sold to Sahasra Electronics Rwanda Private Limited, a subsidiary of their group company, which distributes these products in countries like Rwanda.

Conclusion

Their company is at the forefront of ESDM services, with a strong focus on innovation, quality, and customer satisfaction. Through their strategic acquisitions, global partnerships, and robust manufacturing capabilities, they have established a solid foundation for sustained growth. As they continue to expand their product offerings and global reach, they remain committed to delivering high-quality electronic solutions that meet the evolving needs of their diverse customer base.

Objects of the Sahasra Electronics Solutions Limited IPO:

The company proposes to utilize the funds which are being raised through the Fresh Issue after deducting the Offer related expenses to the extent payable by the company concerning the Fresh Issue, towards funding the following objects: i. Funding Capital Expenditure towards the installation of additional plant and machinery at a new manufacturing facility situated at Bhiwadi, Rajasthan; ii. Investment in the Subsidiary, Sahasra Semiconductors Private Limited, for financing its capital expenditure requirements for the installation of additional plant and machinery; iii. To Meet Working Capital Requirements; iv. General Corporate Purposes. Total number of share issue :- i. Fresh issue is 6,078,000 shares, ii. Offer for sale is 500,000 shares.

Sahasra Electronics Solutions Limited IPO Details:

Open Date: Sep 26 2024
Close Date: Sep 30 2024
Total Shares: 6,578,000
Face Value: ₹ 10 Per Equity Share
Issue Size: 186.16 Cr.
Lot Size: 400 Shares
Issue Price: ₹ 269 - 283 Per Equity Share
Listing At: NSE Emerge
Listing Date: Oct 04 2024

Promoters And Management:

Amrit Lal Manwani, is the Founder Promoter and Chairman & Managing Director of the Company. He has been associated with the Company since incorporation. He has completed his Bachelor of Technology in Electrical Engineering from IIT Kanpur in year 1973 and Master of Business Administration from University of Delhi in year 1983. He has a work experience of more than 50 years in the field of Electronics Industry. He played a significant role in the growth of the company. At present, he looks after functions such as business development and project execution in the Company. Arunima Manwani, is one of the Promoters and the Director of the Company. She has been associated with the Company since incorporation. She has completed Bachelor of Commerce from University of Mumbai, in year 2004. She has 10 years of work experience in the electronic industry with expertise in developing comprehensive strategies to drive business growth, research & development, and tracking technology advancements and trends to stay competitive. At present, she is looking towards the research & development as well as compliance and legal operations of the company. Varun Manwani, is one of the Promoters and the Non-Executive Director of the Company. He has been associated with the company since incorporation. He has completed his B.A. (Honours) in Economics from University of Delhi, in year 2003. He has around 23 years of experience in the field of manufacturing, operations to sales and marketing. He is currently responsible for providing his expertise for growth and expansion of the Company.

Financials of Sahasra Electronics Solutions Limited IPO:

To be updated shortly

Comparison With Peers:

To be updated shortly

Recommendation on Sahasra Electronics Solutions Limited IPO:

To be updated shortly

Lead Manager of Sahasra Electronics Solutions Limited IPO:

  1. Hem Securities Limited

Registrar of Sahasra Electronics Solutions Limited IPO:

  1. Bigshare Services Private Limited

Company Address:

Sahasra Electronics Solutions Limited 33, Pocket 1, Jasola Vihar New Friends Colony South Delhi-110025, Phone: +91-120-4202604 Email: cs@sahasraelectronics.com Website: https://www.seslimited.in/

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