Sahasra Electronics Solutions IPO allotment: Steps to check status on NSE, Bigshare Services

Sahasra Electronics Solutions Limited IPO allotment status is expected to be decided on Tuesday, October 1.

The ₹186.16-crore initial public offering of the company received a robust response from investors. The public offer was booked 122 times at the close of the three-day bidding window on Monday, September 30.

Investors are now keenly waiting for the finalisation of IPO share allotment status by the company. Successful bidders will be informed by the company through SMS and emails. However, investors can easily check the share allotment status on the website of IPO registrar, Bigshare Services Pvt Ltd, and the NSE.

Steps to check Sahasra Electronics Solutions IPO share allotment on registrar website

• Visit Bigshare Services Pvt Ltd website (https://www.bigshareonline.com)
• Click on IPO allotment status link
• Select any of the servers from the three links
• Click on Sahasra Electronics Solutions Ltd from the dropdown list for company names
• Select any of these—Application number, PAN or Beneficiary ID
• Enter details to verify
• Enter the Captcha
• Click the "Search" button to check your allotment status

Steps to check Sahasra Electronics Solutions IPO allotment status on the NSE website

• Open the NSE IPO allotment status page: www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• Login with username and password (Investors need to create Login and Password)
• Select Sahasra Electronics Solutions Ltd
• Verify PAN details
• Enter IPO application number
• Click on Submit

Sahasra Electronics Solutions Ltd IPO details

Sahasra Electronics Solutions IPO was open for bidding from September 26 to 30. The ₹186.16-crore book-building offer comprised a fresh issue of 60.78 lakh shares, worth up to ₹172.01 crore, and an offer-for-sale (OFS) of 5 lakh shares, worth up to ₹14.15 crore. Sahasra Electronics Solutions IPO price band was fixed at ₹269 to ₹283 per share. The minimum lot size was 400 shares and the minimum amount of investment required was ₹1,13,200 for retail investors.

Sahasra Electronics Solutions is expected to start refunds and crediting shares to the demat accounts on October 3, 2024. The company has proposed listing its shares on the NSE SME platform on Friday, October 4.

The IPO of Sahasra Electronics Solutions Ltd was booked a little over 122 times at the close of bidding on Monday. Applications for over 53.44 crore shares were received against 43.75 lakh shares on offer.

Retail individual investors placed bids for more than 16.38 crore shares against 21.87 lakh shares on offer, and the retail category was booked nearly 75 times.

The Non-Institutional Investors (NIIs) placed bids for over 24.47 crore shares against 9.38 lakh shares set aside for them, resulting in oversubscription of 260 times in the segment. The Qualified Institutional Buyers (QIBs) submitted bids for more than 12.59 crore shares against the quota of 12.49 lakh shares. The QIBs booked their quota around 100 times.

Earlier, the company raised ₹53.03 crore from anchor investors ahead of the start of bidding for public investors. The company allotted 18,74,000 shares at a price of ₹283 per share to 26 fund schemes.

About Sahasra Electronics Solutions Limited

Sahasra Electronics Solutions Ltd provides solutions towards electronics system design and manufacturing (ESDM) services. It has a manufacturing plant in Noida, Uttar Pradesh.

The company offers products and solutions for printed circuit board assembly, LED lighting, Box Build, Memory, IT accessories, and computer and IT hardware. In FY 2024, it exported over 80% of its products and solutions to certain global manufacturers in the US, the UK, Tunisia, Rwanda, Germany, Canada, Austria, and Belgium.