Sahasra Electronics Solutions IPO: Sahasra Electronics Solutions' IPO has opened today. This can be a golden opportunity for investors. Those who invested in India's fast-growing electronics industry were waiting for this IPO. Meanwhile, news has come that India's big private bank HDFC Bank has already made the move. The bank has bought shares worth crores of rupees of the company.

Let us first know about Sahasra, after that we will also know about the HDFC Bank deal. Sahasra Electronics Solutions is an electronics solutions providing company, which specializes in system design and manufacturing. The business of this company is not limited to India only. The company exports more than 80% of its products and services to the countries in America, Europe, and Africa. This is the reason why the growth prospects of the company are very high. The stake taken by HDFC Bank in it is a witness to the fact that the company is reliable and the future prospects are also immense.

HDFC Bank's deal
HDFC Bank has acquired a stake of Rs 1,00,74,800 (over 1 crore) in the SME IPO of Sahasra Electronics Solutions, representing 35,600 equity shares of the company. This investment has been made before the company's IPO hits the market. The company had raised about Rs 53 crore in an anchor round ahead of the IPO launch. The Board of Directors of the company in its meeting held on September 25, 2024, allotted 18,74,000 equity shares to 26 anchor investors at an anchor allocation price of Rs 283 per share.

How much share to which anchor investor?
Among the anchor investors of Sahasra Electronics Solutions, the largest allocation was made to India-Ahead Venture Fund at 11.33%, followed by Bengal Finance & Investment Private Limited (9.43%), Meru Investment Fund PCC-Sell 1 (9.43%), Winro Commercial (India) Limited (9.43%) and Mint Focused Growth Fund PCC-Sell 1 (9.20%).

Details about the IPO
The company plans to raise around Rs 186 crore through this IPO, which includes the sale of 65.78 lakh new shares and an offer for sale (OFS) of 5 lakh shares. Sahasra Electronics has fixed a price band of Rs 269-283 per share for this IPO, and investors can bid in lots of 400 shares. The IPO opens on September 26 and closes on September 30, while allotment is expected on October 1. The listing of the company's shares is likely on October 4 on NSE Emerge.

In the unlisted market, the company's shares are trading at a GMP (grey market premium) of Rs 180 before the IPO opens, which represents a premium of about 64% over the issue price.

Where will the company spend the money?
The company will use the funds raised from the Sahasra Electronics IPO to set up additional plant and machinery at a new manufacturing facility in Rajasthan. Apart from this, the money will be invested in the company's subsidiary Sahasra Semiconductors to meet its capital expenditure requirements. Apart from this, the money will also be used for working capital and other general corporate purposes.

How is the work and how far has the business spread?
Sahasra Electronics Solutions offers products and solutions such as printed circuit board (PCB) assembly, box build, and LED lighting. During FY 2024, the company exported more than 80% of its products and solutions to global manufacturers such as the United States, Rwanda, Tunisia, United Kingdom, Germany, Canada, Austria and Belgium. The company's revenue from operations for FY 2024 stood at Rs 101.15 crore and net profit (PAT) at Rs 32.63 crore.