Saharsa Electronic Solutions Limited is dedicated to advancing Environmental, Social, and Governance (ESG) principles in its operations. This commitment reflects a significant shift in business practices that prioritize sustainability, social responsibility, and ethical governance. As a responsible corporate citizen, Saharsa integrates ESG factors into its decision-making processes to mitigate risks and enhance long-term value for stakeholders and society.

The company's Initial Public Offering (IPO) is a Book Built Issue valued at ₹186.15 Crores, comprising a fresh issue of 60.78 lakh shares worth ₹172.00 Crores and an offer for sale of 5.00 lakh shares totaling ₹14.15 Crores. The subscription period for the Saharsa IPO opened on September 26, 2024, and will close on September 30, 2024. The allotment is expected to be finalized on October 1, 2024, with shares listed on the NSE SME around October 4, 2024.

The share price band for the Saharsa IPO is set between ₹269 and ₹283 per equity share, with a minimum lot size of 400 shares. Retail investors are required to invest a minimum of ₹1,13,200, while High-Net-Worth Individuals (HNIs) must invest a minimum of ₹2,26,400 by subscribing to at least 2 lots (800 shares). HEM SECURITIES LIMITED is the book-running lead manager, while BIGSHARE SERVICES PRIVATE LIMITED serves as the registrar and Hem Finlease Private Limited acts as the market maker for the IPO.

Saharsa Electronic Solutions Limited IPO GMP Today

The Grey Market Premium (GMP) for the Saharsa IPO is projected to be between ₹110 and ₹117, reflecting the company’s financial performance. It’s important to note that the GMP is not a reliable indicator of actual market performance, as it is based on unregulated trading dynamics.

Subscription Status:

As of 5:50 PM on September 30, 2024, the live subscription status for the Saharsa Electronic Solutions Limited IPO shows a remarkable subscription rate of 113.60 times on its third day of the subscription period. Investors can track the current subscription status via the NSE.

Anchor Investors Report:

Saharsa Electronic Solutions has successfully raised ₹53.03 Crore from anchor investors at a price of ₹283 per share, allocating 18,74,000 equity shares to these investors. This allocation indicates strong institutional interest in the IPO.

Allotment Process:

The Saharsa IPO allotment date is scheduled for October 1, 2024. Investors can check their allotment status by following these steps:

Navigate to the IPO allotment status page.

Select Saharsa Electronic Solutions Limited IPO from the dropdown list.

Enter your application number, PAN, or DP Client ID, and submit to view the allotment status.

Utilization of IPO Proceeds:

The proceeds from the IPO will be allocated as follows:

₹6,596.63 Lakhs for funding capital expenditure to install additional plant and machinery at a new manufacturing facility in Bhiwadi, Rajasthan.

₹2,292.58 Lakhs for investment in Sahasra Semiconductors Private Limited to finance its capital expenditure needs.

₹4,000.00 Lakhs to meet working capital requirements.

Remaining funds will be directed towards general corporate purposes.

Financial Overview:

Saharsa Electronic Solutions Limited has demonstrated substantial growth in its financial metrics, with revenues for Fiscal Years 2024 and 2023 at ₹10,278.79 Lakhs and ₹1,063.91 Lakhs, respectively. The EBITDA figures for these years were ₹3,526.58 Lakhs and ₹1,876.88 Lakhs, while the Profit After Tax was ₹3,262.77 Lakhs and ₹230.55 Lakhs, indicating strong financial performance.

For the Saharsa IPO, the pre-issue Earnings Per Share (EPS) is set at ₹18.05, with a post-issue EPS of ₹13.05. The pre-issue Price to Earnings (P/E) ratio is 15.67x, and the post-issue P/E ratio is 21.68x, compared to an industry average of 167.77x. The company's Return on Capital Employed (ROCE) for FY24 is 42.50%, and the Return on Equity (ROE) is 54.09%, indicating that the IPO is fully priced.

Investment Recommendation:

With the current Grey Market Premium (GMP) suggesting potential listing gains of 25% - 30%, investors are encouraged to apply for the Saharsa Electronic Solutions Limited IPO for both immediate listing gains and long-term investment prospects. The solid financial performance and positive market sentiment towards the IPO further support this recommendation.

For additional insights and updates on investment opportunities, please explore our resources at Best IPO to Apply Now - IPO List 2024, Latest IPO, Upcoming IPO, Recent IPO News, Live IPO GMP Today - Finance Saathi and Top News Headlines - Share Market News, Latest IPO News, Business News, Economy News- Finance Saathi.

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